Share on

Latin America 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: 4939
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Tragacanth Market Size, Share, Growth (2022-2027)

Latin America Tragacanth Market is worth USD xx million in 2021 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2027.

Latin America 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 coughs and is also for diarrhea treatment. It is also used to lower blood sugar level. 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 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 availability of substitute products like xanthan gum limits the growth of the Tragacanth market.

Latin America Tragacanth Market Segmentation

on the basis of

  • product type

  • application type

  • distribution channels

Based on product type

  • ribbons

  • flakes

Ribbons had largest market share owing to superior quality over flakes. Based on application type the market is segmented into pharmaceuticals & medical, foods, personal care & cosmetics and others. Foods segment had the largest share followed by pharmaceutical industry. Based on distribution channel the market is segmented into Internet Retailing, Mass Retailers, Direct Selling, and others.

Latin America Tragacanth Market Regional Analysis

  • Brazil

  • Mexico 

  • Argentina

Latin America Tragacanth Market Keyplayers

  1. Kachabo Gums

  2. Lakrena International

  3. Hawkins Watts Limited

  4. Scents of Earth

  5. Alfa Chemical Corp

  6. Wizard’s Cauldron, Inc

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample