North America 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 North America Tragacanth market is developing at an exceptionally quick pace. Gum tragacanth is an odorless, tasteless, viscous, water-soluble mixture of polysaccharides that are 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 colds and coughs and is also for diarrhea treatment. It is also used to lower blood sugar levels.The significant drivers are a wide range of applications ranging from food to pharmaceutical, rising demand for tragacanth gum, growing urbanization, and increasing disposable incomes. Also increasing the application of tragacanth in cosmetics, pharmaceuticals, and textile industries 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.
on the basis of
product type
application type
distribution channels
Based on product type
ribbons
flakes
Based on application type
pharmaceuticals & medical
foods
personal care & cosmetics
Based on distribution channel
Internet Retailing
Mass Retailers
Direct Selling
US
Canada
Mexico
USA has the highest demand followed by Canada and Mexico. North America had high share in the market owing to the high investments made by manufacturers due to increasing tragacanth demand.
Keyplayers
Kachabo Gums
Lakrena International
Hawkins Watts Limited
Scents of Earth
Alfa Chemical Corp
Wizard’s Cauldron, Inc
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