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Europe Tamarind Gum Market Growth to be Propelled by Increasing Demand for Nutritional Foods and Rising End-User Applications of the Product; Market to Grow by CAGR of 7.7% During 2020-2028

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Research Nester published a report titled Europe Tamarind Gum Market: Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the Europe tamarind gum market.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The Europe tamarind gum market is expected to generate a revenue of USD 15.8 million in 2028 by recording a CAGR of 7.7% over the forecast period, i.e., 2020 – 2028, owing to the rise in demand for natural food supplements, and growing applications of tamarind gums in industry verticals such as cosmetics, textiles, pharmaceuticals, and others. The growth of the market in the near future can also be attributed to the cost effectiveness of the gum as compared to guar gum.

The demand for the product is estimated to witness a significant growth in the pharmaceutical and personal care & cosmetics industries. Tamarind gum is widely used for developing drugs and treatment of diseases in the region, which in turn is evaluated to foster high demand for the product in the medical sector. In addition, tamarind gum is also finding usage as a natural ingredient to manufacture several creams, balms and lotions. Coupled with the approval of tamarind seeds powder for usage in cosmetic products, the growth of the market for this industry is projected to show robust growth.

Amongst all the major countries in Europe, the market in the United Kingdom is projected to witness notable growth during the forecast period ascribing to the rising investments by market players increasing usage of naturally sourced products to produce packaged goods. The markets in Italy, France and Germany are also anticipated to gather large revenues on the back of growing demand for tamarind gums in textile industry in Italy, for producing canned pet foods in Germany, and in the cosmetics industry in France.

Escalating Use of Tamarind Gum to Produce Nutritional Foods to Drive Market Growth

Tamarind gums are heavily being used to produce functional and natural food supplements as a result of its anti-inflammatory and antioxidant properties, which are beneficial to patients with diseases such as cancer, diabetes and heart diseases. In addition, there is a high prevalence of elderly people in Europe. The World Bank states that 23% and 22% of the total population in Italy and Germany consist of people aged 65 years or older. As geriatric population are at high risk to various types of medical conditions, the usage of tamarind products in the region is on a rise, which in turn is estimated to fuel market progress in the upcoming years.

However, inconstant production of tamarind and strict protocols for the testing of organic supplements are expected to operate as key restraint to the growth of the Europe tamarind gum market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the Europe tamarind gum market which includes company profiling of The Mysore Starch Manufacturing Company, Adachi Natural Polymer Limited, Premcem Gums Private Limited, Qingdao Libangda Marine Technology Co., Ltd, DSP Gokyo Food & Chemical Co., Ltd., Mahesh Agro Food Industries, Hindustan Gum & Chemicals Ltd, Chhaya Industries, JD Gums & Chemicals, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Europe tamarind gum market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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