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Tamarind Extract Market to Nearly Double as Millennials Favor Plant-based Ingredients in Cosmetic Products

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News provided by

Fact.MR

09 Nov, 2022, 13:00 GMT

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Tamarind Extract Market to Surpass US$ 792.01 Million by 2032 amid Growing Application in Food and Pharma Sectors

Fact.MR most recent report on the market for tamarind extract gives a 10-year prognosis through 2022 and beyond. The report provides insights into market dynamics including growth drivers, restraints, and opportunities. Besides this, it discusses about opportunities arising across segments like form, distribution channel, end-use, and key regions.

ROCKVILLE, Md., Nov. 9, 2022 /PRNewswire/ -- The global tamarind extract market is estimated to reach US$ 406.4 Million in 2022, registering 6.9% CAGR between 2022 and 2032. As per the study, the overall sales in the market are expected to surpass a valuation of US$ 792.01 Million by the end of 2032.


Increasing awareness regarding the health benefits of tamarind is driving the sales of tamarind extract in food industry. Tamarind is extensively used in food service industry to enhance the flavor, for dry eye, and to treat constipation. Use of tamarind extract in traditional medicine to boost immune health will also aid the adoption in pharmaceutical sector.

Further, tamarind is considered to reduce blemishes, acne, and improve the skin tone due to the presence of Vitamin C in the extract. Tamarind extracts also have the anti-aging and hydrating properties. Hence, cosmetics giants are increasing the use of tamarind extract in serums for skin and hair care. For instance, leading cosmetic giant, Bluemercury, announced the launch of M-61 Hydra boost cream, with peptides, Vitamin B5, and tamarind as hero ingredients.

Download Free Brochure of this Report!

https://www.factmr.com/connectus/sample?flag=B&rep_id=2054

As per the study, the market is also likely to benefit from rising inclination towards organic and natural ingredients in food and cosmetics. Tamarind extract is a rich source of Vitamin C and effectively reduce cancer, and hence, consumers are increasingly adopting products with tamarind as the key ingredient.

Regionally, Asia Pacific is expected to be the most lucrative region in the global tamarind extract market over the upcoming decade. Growing preference for plant-based food products and increasing demand for clean label ingredients in personal care and cosmetics industry will drive the growth in Asia Pacific.

However, North America tamarind extract market is expected to gain traction on the back of surging trend of veganism in the U.S. In addition to this, growing prevalence of immunity and nutrition deficiencies in the U.S. is expected to aid the adoption of tamarind extracts in pharmaceutical industry.

Key Takeaways:

  • In terms of form, the powdered segment is expected to witness fastest growth in the tamarind extract market over the forecast period.
  • Based on end use, the food and cosmetics industries are likely to create incremental growth opportunities in the tamarind extracts market.
  • Japan is expected to account for lion's share in the East Asia tamarind extract market over the next decade.
  • The U.S. tamarind extract market is expected to witness robust growth across North America through 2022 & beyond.
  • Sales of tamarind extract are projected to expand by nearly 2x during the assessment period (2022-2032)

Growth Drivers:

  • Growing use of tamarind extracts in tablets, syrups, and energy supplements will drive the demand in pharmaceutical industry.
  • Increasing awareness regarding the health and skin benefits of tamarind is expected to propel the sales in personal care and food industry.
  • With rising inclination towards plant-based products in the U.S., the demand for tamarind extracts is predicted to surge in North America.

Restraints:

  • Demand in the market is likely to be hampered by the side effects of tamarind extract such as low blood sugar levels, tooth damage, etc.

Get Customization on this Report for Specific Research Solutions

https://www.factmr.com/connectus/sample?flag=RC&rep_id=2054

Competitive Landscape:

The tamarind extract manufacturers are expected to face fierce competition in the food service industry. As per the study, key players are experimenting with different forms and blends to expand their product portfolio and introduce unique flavor. They are also leveraging strategies such as collaboration and mergers to maintain their dominance in the industry.

Key Companies Profiled by Fact.MR

  • Kanegrade Limited
  • Abc International
  • Abdullabhai Abdul Kader
  • Baaeco V Food Ltd.
  • MoonLite
  • Xi'an Victory Biochemical Technology Co. Ltd.
  • Abc International
  • Revata Food Products Pvt Ltd
  • Shimla Hills
  • Adli Foods (India) Pvt. Ltd.

More Valuable Insights on Tamarind Extract Market

In the latest study, Fact.MR offers a detailed study on global tamarind extract market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of tamarind extract through detailed segmentation as follows:

By Form:

  • Powdered
  • Paste

By End Use:

  • Food
    • Seasoning
    • Sauces & Condiments
    • Confectionaries
    • Preservatives
  • Beverages
    • Whiskey
    • Wine
    • Vodka
    • Juice Blends
  • Cosmetics & Personal Care Products
    • Skin Care
    • Hair Care
  • Pharmaceuticals
  • Households

By Distribution Channel:

  • Direct
  • Indirect
  •  
    • Specialty Stores
    • Food & Drink Specialty Stores
    • Independent Small Groceries
    • Supermarket/Hypermarket
    • E-Commerce

By Region:

  • North America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • Latin America
  • Middle East & Africa

Interested to Procure The Data? Inquire here

https://www.factmr.com/connectus/sample?flag=EB&rep_id=2054

Key Questions Covered in the Tamarind Extract Market Report

  • What is the projected value of the tamarind extract market in 2022?
  • At what rate will the tamarind extract market grow until 2032?
  • Which are the factors hampering the growth in the tamarind extract market?
  • Which region is expected to lead in the global tamarind extract market during 2022-2032?
  • Which are the factors driving the tamarind extract market during the forecast period?

Explore Fact.MR's Coverage on the Food & Beverages Domain

Citrus Peel Extract Market: Sales in the global citrus peel extract market are expected to increase from US$ 7.59 Billion in 2022 to US$ 11.84 Billion in 2032. Growing demand for nutritional and organic ingredients in food & beverage items will drive the demand for citrus peel extract over the forecast period.

Dried Fruit Extracts Market: Dried fruit extracts are increasingly being used in cosmetic products and dessert due to their nutritional properties on skin and health. Powdered dried fruit extracts are used in several cosmetic products such as sheet masks, and others. On the back of this, the demand in the market is expected to surge at 5.9% CAGR between 2022 and 2032.

Cocoa Extract Market:  The cocoa extract market is predicted to register 3.5% CAGR between 2022 and 2032, surpassing US$ 11.24 Billion by the end of 2032. Increasing application of organic cocoa in replacement of chemical pesticides and fertilizers is one of the key factors driving the demand in the market.

Orange Peel Extract Market: The increasing demand for orange peel extract in the cosmetics industry owing to its cleansing properties and its ability to fight acne is also one of the key factors in driving the global orange peel extract demand. 

Vanilla Extract Market: Globally the vanilla extract market is estimated at USD 4.94 Billion at present in 2022. The market is further expected to surpass the valuation of USD 6.98 Billion by the end of 2032. 

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That's why focus on offering insights that can actually make a difference to bottom-lines.

Specialties: Competition Tracking, Customized Research, Syndicated Research, Investment Research, Social Media Research, Business Intelligence, Industry Analysis, Thought Leadership.

Contact: 

Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
E: sales@factmr.com

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Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg

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