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Europe Tamarind Gum Market – Demand Analysis & Opportunity Outlook 2019 – 2028

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Extensive insights into the Growth of Europe Tamarind Gum Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Europe Tamarind Gum Market Highlights Over 2019 – 2028

The Europe tamarind gum market is estimated to garner a revenue of USD 15.8 million by 2028 from USD 11.4 million in 2019, by growing at a CAGR of 7.7% over the forecast period, i.e., 2020 – 2028. The growth of the market can be attributed to the growing demand for natural food supplements in the region. As per a study of the Forschungsinstitut für biologischen Landbau (FiBL), the leading research institute for organic farming, the organic market in Europe grew by almost 8% in 2018, reaching a value of around USD 46 billion. In addition, increasing number of applications of tamarind gum in several industries such as cosmetics, pharmaceuticals, textiles, and others, is also expected to drive market growth. Furthermore, tamarind gum is emerging as a cost-effective alternative to guar gum, which in turn is anticipated to boost its demand in the forthcoming years.

Europe Tamarind Gum MarketThe consumption of nutritional and functional foods has increased among the elderly people in the last years owing to their abundant health benefits. One of the most crucial factors which is projected to raise the demand for tamarind gum and related products in Europe is the rapid increase in the geriatric population of the region. According to the World Bank, 23% and 22% of the total population in Italy and Germany respectively, were aged 65 years and above in 2019. CLICK TO DOWNLOAD SAMPLE REPORT

Population Aged

Tamarind gum is a polymer extracted from the seeds of Tamarindus indica tree. Since the last few years, tamarind gum has found plenty of applications in the pharmaceutical sector, including drug development and treatment of diseases as a result of the cost-effectiveness of the gum for the production of medical products. Along with this, Europe has witnessed a surge in the number of incidences of several health disorders, namely cancer, arthritis, high blood pressure and cardiovascular diseases, which in turn is fueling the utilization of tamarind seed gum in the region for the development of organic medications. According to the World Health Organization (WHO), cancer is the second most important cause of death in Europe, accounting for 3.7 million cases and 1.9 million deaths every year. Moreover, European pharmaceutical companies are extensively involved in the development of innovative natural health products by substituting synthetic constituents with natural ones.

Personal care & cosmetics industry in Europe is also a huge consumer of tamarind gum. There is a hike in demand for natural ingredients to manufacture creams, balms, lotions, and other skin care products. The remarkable thickening and gelling properties of the gum are suitable to provide the required moisturization to skin. In addition to this, the cosmetics industry in the region recently got approval to utilize tamarind seeds powder in their products, expanding the market further in the future.

Europe Tamarind Gum Market Regional Synopsis

The overall market in Europe is estimated to witness noteworthy growth over the forecast period owing to the high demand for tamarind gum from a plethora of industry verticals. However, the major consumers of the product in the region, such as France, Germany, Netherlands, Italy, and the United Kingdom, depend on Asia Pacific, Africa and South America to fulfil the requirements as they don’t have any tamarind production of its own.

The market in the United Kingdom is significant and is assessed to observe notable growth during the forecast period, which can be credited to the increasing need for the usage of naturally sourced products in consumer-packaged goods and growing investments by market players in the region. In addition, France, Italy and Germany are also major markets in the region. The market in Germany is anticipated to grow, owing to the growing demand for tamarind gum as an emulsifying agent and for the production of canned pet foods. As per the European Pet Food Industry (fediaf), the turnover of pet food products in Europe in the year 2020 was around USD 27 billion. The average annual growth rate of this industry recorded over the past three years was 2.6%. Additionally, the product is extensively used for sizing and thickening clothes in the textile industry in Italy, which is a crucial factor driving market growth in the country. Moreover, owing to the presence of large cosmetics manufacturers, the market in France offers lucrative opportunities to the tamarind gum market over the forecast period.

Growth Drivers and Challenges Impacting the Growth of the Europe Tamarind Gum Market

Growth Drivers

  • Rising Demand for Nutritional Foods
  • Increasing Usage of Tamarind Gum in Several End User Applications

Challenges

  • Inconsistent Production of Tamarind
  • Stringent Regulations Regarding Testing of Organic Supplements

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the Europe tamarind gum market that are included in our report are 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.

Key Reasons to Buy Our Report

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

  1. Introduction
    1. Market Definition
    2. Assumptions
  2. Research Methodology
    1.          Variables (Dependent and Independent)
    2. Multi Factor Based Sensitivity Model
  3. Executive Summary – Europe Tamarind Market
  4. COVID-19 Impact Analysis
  5. Market Dynamics
    1.          Drivers
    2. Restraints
    3. Opportunities
    4. Trends
  6. Europe Tamarind Gum Market Outlook
  7. EX-IM Analysis
  8. Average Pricing Analysis
  9. List of Tamarind Gum Suppliers and their Production
  10. Competitive Landscape
    1. The Mysore Starch Manufacturing Company
    2. Adachi Natural Polymer Limited
    3. Premcem Gums Private Limited
    4. Qingdao Libangda Marine Technology Co., Ltd.
    5. DSP Gokyo Food & Chemical Co., Ltd.
    6. Mahesh Agro Food Industries
    7. Hindustan Gum & Chemicals Ltd.
    8. Chhaya Industries
    9. JD Gums & Chemicals

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