Tamarind extract is used in a variety of food products to enhance flavor and health benefits. Traditionally, tamarind extracts were used in juices due to its coolant property and were excessively consumed in the Middle Eastern region. It is a regularly used food ingredient in Asia and Latin America regions. Tamarind extract is used for manufacturing of tamarind concentrate, which is used in the preparation of blends for fruit juice, sauces, pickles etc. Tamarind extracts are used as natural preservatives, owing to its antifungal, antiseptic and antimicrobial properties. The other health benefits of tamarind extract are that it acts as an antioxidant. It is used to cure digestive problems, conjunctivitis, common cold, fever etc. Tamarind extracts are also used in cosmetic products. It acts as a bleaching and skin hydrating agent in cosmetic products. The fragrance oils made from tamarind extract has a sour and sweet essence. It is incorporated as a fragrance ingredient in a variety of products such as soaps, candles, air fresheners, bath oils, aromatherapy products, incense sticks, laundry products etc.
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Tamarind Extract Market: Drivers and Restraints
The use of tamarind extract in the rapidly growing food industry is expected to be a major driver for the growth global tamarind extract market. Tamarind extracts are as an alternative for chemical preservatives such as lactic, acetic, benzoic acids etc. The increasing consumer awareness regarding food safety and health benefits of natural preservatives is anticipated to boost global tamarind extract market. The rise in demand and production of processed food and adoption of natural processing techniques by the food industry is expected to drive global tamarind extract market growth. Tamarind extract is an important ingredient in cosmetic and fragrance industry. The upsurge in consumer demand for organic food and ayurvedic medicines is expected to propel the growth of global tamarind extract market.
Tamarind Extract Market: Segmentation
On the basis of application,the global tamarind extract market can be segmented as follows:-
- Juice blends
- Health drink
- Air fresheners
- Incense sticks
- Bath oils
- Aromatherapy products
Tamarind Extract Market: Region Wise Outlook
The global tamarind extract market can be divided into five regions, namely North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). APAC holds major share in global tamarind extract market. India is the major manufacturer and exporter of tamarind extract. The tamarind extracts are exported to MEA and Europe regions. Thailand holds the second position in manufacturing tamarind extracts. The increasing investment in the healthcare industry and adoption of ayurveda is expected to drive tamarind extract market growth in the region. North America and Europe accounts for a significant share in global tamarind extract market. This is attributed to the mature food processing industries in these regions. Europe holds the major share in the fragrance industry, which is expected to boost the growth of tamarind extract in this region. MEA is expected to register high CAGR during the forecast period. North Africa accounts for a significant share in the production of tamarind. Tamarind extract is used as a major ingredient in fruit juices in the desert regions of the Middle Eastern region due to its cooling effect. Latin America is anticipated to register moderate CAGR over the forecast period due to the extensive use of tamarind extract in the food industry.
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Tamarind Extract Market: Key Players
Some of the key players in the global tamarind extract market are as follows:
- Magma Foods
- Kanegrade Limited
- Xi’an Victory Biochemical Technology Co., Ltd.
- Abc International