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Asia Pacific Tragacanth Market Research Report - Segmented By Product Type, Application Type, Distribution Channel, And Region(India, China, Bangladesh, Singapore, Malaysia, Indonesia, Thailand) - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2024 to 2029.

Published: March, 2023
ID: 4938
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia Pacific Tragacanth Market Size (2024 - 2029)

Asia Pacific Tragacanth Market is worth USD 0.99 million in 2024 and estimated to grow at a CAGR of 7.72%, to achieve USD 1.43 million by 2029

The Asia Pacific Tragacanth market is developing at an exceptionally quick pace. 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 a 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.

Asia Pacific Tragacanth Market - By Product Type:

  • Ribbons
  • Flakes

Ribbons had the largest market share owing to superior quality over flakes.

Asia Pacific Tragacanth Market - By Application:

  • Pharmaceuticals & Medical
  • Foods
  • Personal Care & Cosmetics

Foods segment had the largest share followed by the pharmaceutical industry.

Asia Pacific Tragacanth Market - By Distribution Channel:

  • Internet Retailing
  • Mass Retailers
  • Direct Selling

Asia Pacific Tragacanth Market – By Region

  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Australia

Asia Pacific is expected to have highest growth owing to factors like increasing population and rising health concerns mainly in emerging economies of China and India.

KEY MARKET PLAYERS:

Key market players of Asia Pacific Tragacanth Market are Kachabo Gums, Lakrena International, Hawkins Watts Limited, Scents of Earth, Alfa Chemical Corp, Wizard’s Cauldron, Inc

 

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FAQ's

1.What are the main applications of tragacanth in the Asia Pacific region?

Tragacanth is commonly used as a thickening agent, stabilizer, and emulsifier in food products, pharmaceuticals, cosmetics, and various industrial applications. In the food industry, it is used in products such as confectionery, sauces, dressings, and bakery goods.

2.What are the different grades of tragacanth available in the market?

Tragacanth is available in various grades depending on its purity, viscosity, and other properties. Food-grade tragacanth is suitable for use in food products, while pharmaceutical-grade tragacanth may be used in medicinal formulations.

3.What are the benefits of using tragacanth in food products?

Tragacanth provides several benefits in food products, including improved texture, viscosity control, moisture retention, and stability. It can help enhance the mouthfeel, appearance, and shelf life of food products.

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