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Europe Tragacanth Market By Product Type (Ribbons And Flakes) By Application Type (Pharmaceuticals & Medical, Foods, Personal Care & Cosmetics And Others) By Distribution Channel (Internet Retailing, Mass Retailers, Direct Selling, And Others) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027

Published: March, 2023
ID: 4937
Pages: 145
Formats: report pdf report excel report power bi report ppt

Europe Tragacanth Market  Size and Growth Analysis:

Europe Tragacanth Market is worth USD xx million in 2022 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2027. The Europe Tragacanth market is developing at an exceptionally quick pace.

Europe Tragacanth Market Overview:

Gum tragacanth is an odorless, tasteless, viscous, water-soluble mixture of polysaccharides that is obtained from sap that is drained from the root of the plant and dried. The gum seeps from the plant in twisted ribbons or flakes which are powdered. It absorbs water to become a gel, which can be converted into a paste. Tragacanth is widely used as a demulcent for cold and cough and is also for diarrhea treatment. It is also used to lower the blood sugar level. The significant drivers are wide range of applications ranging from food to pharmaceuticals, rising demand for tragacanth gum, growing urbanization, and increasing disposable incomes. Also increasing the application of tragacanth in cosmetics, pharmaceuticals and textile industry is further expected to boost the industry. In the pharmaceutical sector, tragacanth is used in oral ingestion, toothpaste, mineral & fish oil emulsion and other external lotions such as body lotions, hand lotions etc. However, the availability of substitute products like xanthan gum limits the growth of the Tragacanth market.

Europe Tragacanth Market Segmentation:

The Europe Tragacanth market is segmented on the basis of product

  • type

  • application type

  • distribution channels

Based on product type the market is segmented into

  • ribbons

  • flakes

Based on application type the market is segmented into

  • pharmaceuticals 

  • medical

  • foods

  • personal care & cosmetics

 Based on distribution channels the market is segmented into

  • Internet Retailing

  • Mass Retailers

  • Direct Selling

Europe Tragacanth Market geographical Analysis

  • UK

  • Spain

  • Germany

  • France

Europe is assumed a developed market and is anticipated to witness significant growth in the forecast period.

Europe Tragacanth Market Key players:

  1. Kachabo Gums

  2. Lakrena International

  3. Hawkins Watts Limited

  4. Scents of Earth

  5. Alfa Chemical Corp

  6. Wizard’s Cauldron, Inc. 

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