According to Maximize Market Research, the Global Tragacanth Market is expected to grow at a moderate growth rate and reach a significant market value by the end of the forecast period. Global Tragacanth Market size is expected to reach nearly US$ 4.76 Bn by 2029 with the CAGR of 4.32% during the forecast period. The Global Tragacanth Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Tragacanth Market report also provides trends by market segments, technology, and investment with a competitive landscape.To know about the Research Methodology :- Request Free Sample Report
Global Tragacanth Market Overview:
Tragacanth is a natural gum made from the dried fluid of numerous legume plants belonging to the Middle Eastern genus Astragalus, including gummifer, adscendens, brachycalyx, and tragacanthus. Shiraz gum elect, shiraz gum, and gum dragon are all names for the Tragacanth gum. Iran is the world's largest producer of high-quality gum. Tragacanth has long been used as a demulcent in the treatment of colds, coughs, and diarrhoea. Furthermore, tragacanth has been shown to help lower blood sugar levels. It's also found in hand lotions, toothpastes, denture adhesives, jellies, and vaginal creams.Global Tragacanth Market Dynamics:
Drivers and Restraints:
One of the key drivers likely to drive the market over the forecast period is rising demand for the product as a thickening agent in medicines and cosmetics. Over the forecast period, the market is likely to be driven by the expanding application scope of tragacanth in the textile sector as a sizing agent to improve bonding properties between resin systems and handling abilities. Furthermore, because of its acid stability, long shelf life, and salt compatibility, demand for it as a stabilising component in pourable dressings has been increasing. In addition, better pourable dressing flavours with low oil content and a high hydrocolloid composition are expected to drive tragacanth demand over the forecast period. However, due to lower levels of microbial contamination, replacement products such as xanthan gum are expected to stifle market growth during the next seven years.Health Benefits of Tragacanth Gum:
Tragacanth gum has incredible cooling characteristics, so it's frequently used to make a drink that helps to keep the body cool throughout the summer. It acts as a cooling agent, lowering the body's temperature. This, in turn, helps in reducing the risk of heart stroke. Tragacanth gum is a very effective treatment for urine incontinence. It also aids in the relaxation of urinary muscles in cases of urinary tract irritation and urine obstruction. Tragacanth gum is excellent for your skin and for boosting your appearance. Anti-aging effects are found in tragacanth gum. It helps to reduce the formation of wrinkles and fine lines. After giving birth, women become quite frail. Tragacanth gum is beneficial for building bodily strength and assisting new mothers in coping with the demands of parenting. It also aids in the regulation of heavy blood flow during periods. During pregnancy, tragacanth gum is quite beneficial. In India, eating Tragacanth ladoos is a widespread tradition. They are extremely proven to be useful to both the mother and the child. The correct tragacanth dosage is determined by a number of factors, including the user's age, health, and other circumstances. There is currently insufficient scientific data to define a suitable dosing range for tragacanth. Natural products cannot always be safe to consume and dosages are also important.Global Tragacanth Market Segment Analysis:
On the basis of end-use industry, the market is segregated into pharmaceuticals & medical, foods, personal care & cosmetics, and other industrial uses. The food manufacturing industry was the market's largest end-use category, and it is expected to develop rapidly over the next seven years as demand for tragacanth gum as a stabilising, thickening, suspending, and emulsifying agent in pourable dressings, low-calorie milkshakes, mayonnaise products, sauces, and other beverages grows. Due to rising tragacanth application scope in oral ingestion, toothpaste, mineral & fish oil emulsion, and other external lotions such as body lotions and hand lotions, the pharmaceutical business was the second-largest market for tragacanth over the same years. Over the forecast period, rising demand for cosmetics and personal care products is likely to support market expansion. However, due to relative economic pricing, the paper and textile production industries are likely to lose market share in the near future due to increased demand for other hydrocolloids systems. On the basis of product type, the market is segregated into ribbons and flakes. Ribbons have surpassed flakes as the most popular form in recent years, owing to their greater quality. The market is expected to grow throughout the forecast period due to the widespread use of ribbon from tragacanth in meals, medicines, and cosmetics.Global Tragacanth Market Regional Analysis:
Iran produces the most tragacanth, followed by Turkey. The European Union, the United States, and Japan are among the largest importers of tragacanth. As the demand-supply gap for natural gums widens, it is projected that demand for tragacanth from these locations would rise. In the worldwide tragacanth market, North America is expected to have a higher value share. The strong demand from North America can be ascribed to manufacturers' large investments in response to rising tragacanth demand. During the forecast period, the tragacanth market in the Asia Pacific is predicted to rise rapidly. Emerging markets like China and India offer the potential for tragacanth market players to boost their revenue base.Global Tragacanth Market Scope:Inquire before buying
Tragacanth Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 3.54 Bn. Forecast Period 2023 to 2029 CAGR: 4.32% Market Size in 2029: US $ 4.76 Bn. Segments Covered: by End Use Industry Pharmaceuticals & Medical Foods Personal care & Cosmetics Other Industrial Uses by Product Type Ribbons Flakes Global Tragacanth Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Tragacanth Market Key Players
1.Kantilal Brothers 2.Hawkins Watts Limited 3.Kachabo Gums 4.Lakrena International 5.Scents of Earth 6.Alfa Chemical Corp. 7.Wizard’s Cauldron, Inc. 8.Colony Gums 9.Kachabo Gums 10.Polygal AG 11.Vasundhara 12.Arthur Branwell 13.Xiamen Hisunny 14.Neostar United 15.Shaanxi Top Pharm 16.AEP Colloids 17.A.F. Suter & Co. 18.Nexgen Chemical Frequently Asked Questions: 1. Which region has the largest share in Global Tragacanth Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Tragacanth Market? Ans: The Global Tragacanth Market is growing at a CAGR of 4.32% during forecasting period 2023-2029. 3. What is scope of the Global Tragacanth Market report? Ans: Global Tragacanth Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What was the Global Tragacanth Market size in 2022? Ans: The Global Tragacanth market was valued at US$ 3.54 Bn. In 2022. 5. What is the study period of this Market? Ans: The Global Tragacanth Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary End Use Industry 2.3.2. Primary Research 2.3.2.1. Data from Primary End Use Industry 2.3.2.2. Breakdown of Primary End Use Industry 3. Executive Summary: Tragacanth Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Aviation Fuel Market 3.4. Geographical Snapshot of the Aviation Fuel Market, By Manufacturer share 4. Tragacanth Market Overview, 2022-2023 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute End Use Industry 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Aviation Fuel Market 5. Supply Side and Demand Side Indicators 6. Tragacanth Market Analysis and Forecast, 2022-2023 6.1. Tragacanth Market Size & Y-o-Y Growth Analysis. 7. Tragacanth Market Analysis and Forecasts, 2022-2023 7.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 7.1.1. Pharmaceuticals & Medical 7.1.2. Foods 7.1.3. Personal care & Cosmetics 7.1.4. Other Industrial Uses 7.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 7.2.1. Ribbons 7.2.2. Flakes 8. Tragacanth Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2023 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. Asia Pacific Tragacanth Market Analysis and Forecasts, 2022-2023 9.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 9.1.1. Pharmaceuticals & Medical 9.1.2. Foods 9.1.3. Personal care & Cosmetics 9.1.4. Other Industrial Uses 9.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 9.2.1. Ribbons 9.2.2. Flakes 10. North America Tragacanth Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2023 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Tragacanth Market Analysis and Forecasts, 2022-2023 11.1. Market Size (Value) Estimates & Forecast By End Use Industry , 2022-2023 11.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 12. Canada Tragacanth Market Analysis and Forecasts, 2022-2023 12.1. Market Size (Value) Estimates & Forecast By End Use Industry Product Type, 2022-2023 12.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 13. Mexico Tragacanth Market Analysis and Forecasts, 2022-2023 13.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 13.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 14. Europe Tragacanth Market Analysis and Forecasts, 2022-2023 14.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 14.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 15. Europe Tragacanth Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2023 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K Tragacanth Market Analysis and Forecasts, 2022-2023 16.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 16.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 17. France Tragacanth Market Analysis and Forecasts, 2022-2023 17.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 17.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 18. Germany Tragacanth Market Analysis and Forecasts, 2022-2023 18.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 18.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 19. Italy Tragacanth Market Analysis and Forecasts, 2022-2023 19.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 19.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 20. Spain Tragacanth Market Analysis and Forecasts, 2022-2023 20.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 20.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 21. Sweden Tragacanth Market Analysis and Forecasts, 2022-2023 21.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 21.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 22. CIS Countries Tragacanth Market Analysis and Forecasts, 2022-2023 22.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 22.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 23. Rest of Europe Tragacanth Market Analysis and Forecasts, 2022-2023 23.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 23.2. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 24. Asia Pacific Tragacanth Market Analysis and Forecasts, 2022-2023 24.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 24.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 25. Asia Pacific Tragacanth Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2023 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Tragacanth Market Analysis and Forecasts, 2022-2023 26.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 26.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 27. India Tragacanth Market Analysis and Forecasts, 2022-2023 27.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 27.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 28. Japan Tragacanth Market Analysis and Forecasts, 2022-2023 28.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 28.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 29. South Korea Tragacanth Market Analysis and Forecasts, 2022-2023 29.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 29.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 30. Australia Tragacanth Market Analysis and Forecasts, 2022-2023 30.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 30.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 31. ASEAN Tragacanth Market Analysis and Forecasts, 2022-2023 31.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 31.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 32. Rest of Asia Pacific Tragacanth Market Analysis and Forecasts, 2022-2023 32.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 32.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 33. Middle East Africa Tragacanth Market Analysis and Forecasts, 2022-2023 33.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 33.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 34. Middle East Africa Tragacanth Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2023 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Tragacanth Market Analysis and Forecasts, 2022-2023 35.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 35.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 36. GCC Countries Tragacanth Market Analysis and Forecasts, 2022-2023 36.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 36.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 37. Egypt Tragacanth Market Analysis and Forecasts, 2022-2023 37.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 37.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 38. Nigeria Tragacanth Market Analysis and Forecasts, 2022-2023 38.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 38.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 39. Rest of ME&A Tragacanth Market Analysis and Forecasts, 2022-2023 39.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 39.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 40. South America Tragacanth Market Analysis and Forecasts, 2022-2023 40.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 40.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 41. South America Tragacanth Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2023 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Tragacanth Market Analysis and Forecasts, 2022-2023 42.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 42.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 43. Argentina Tragacanth Market Analysis and Forecasts, 2022-2023 43.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 43.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 44. Rest of South America Tragacanth Market Analysis and Forecasts, 2022-2023 44.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2022-2023 44.2. Market Size (Value) Estimates & Forecast By Product Type, 2022-2023 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Tragacanth Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber End Use Industry and R&D Investment 45.2.2. New End Use Industry Launches and End Use Industry Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Kantilal Brothers 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. End Use Industry Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Development 45.3.2. Hawkins Watts Limited 45.3.3. Kachabo Gums 45.3.4. Lakrena International 45.3.5. Scents of Earth 45.3.6. Alfa Chemical Corp. 45.3.7. Wizard’s Cauldron, Inc. 45.3.8. Colony Gums 45.3.9. Kachabo Gums 45.3.10. Polygal AG 45.3.11. Vasundhara 45.3.12. Arthur Branwell 45.3.13. Xiamen Hisunny 45.3.14. Neostar United 45.3.15. Shaanxi Top Pharm 45.3.16. AEP Colloids 45.3.17. A.F. Suter & Co. 45.3.18. Nexgen Chemical