Lucintel Forecasts the Global Tragacanth Market is expected to grow with a CAGR of 3.8% from 2024 to 2030
Lucintel Forecasts the Global Tragacanth Market is expected to grow with a CAGR of 3.8% from 2024 to 2030
Blog Article
According to a market report by Lucintel, the future of the global tragacanth market looks promising with opportunities in the pharmaceutical & medical, food, personal care & cosmetic markets. The global tragacanth market is expected to grow with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are growing consumer knowledge of tragacanth's numerous health advantages, rising F&B demand for the herb, and increasing product use in the cosmetics and pharmaceutical industries.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in tragacanth market to 2030 by product type (ribbons and flakes), end use (pharmaceuticals & medical, foods, personal care & cosmetics, and other), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, ribbon and flake are the major segments of tragacanth market by product type. Lucintel forecasts that ribbon will remain the larger segment over the forecast period due to extensive use of ribbon-form tragacanth across the food, pharmaceutical, and cosmetic industries.
Within this market, food manufacturing industry will remain the largest segment due to stabilizing, thickening, suspending, and emulsifying agent in pourable dressings.
Download sample by clicking on tragacanth market
North America will remain the largest segment over the forecast period due to expanding applications in the textile and paper industries, growing demand from the food and beverage sector, and the pharmaceutical industry's increasing use of the product as a binding agent.
Hawkins Watts, Kachabo Gums, Lakrena, Scents of Earth, and Alfa Chemical are the major suppliers in the tragacanth market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
Explore Our Latest Publications
Programmable Ethernet Switch Market
Smart Wiring Devices Market
Sports Electronics Market
Transient Voltage Suppressor Diode Market
Tunnel Field Effect Transistor Market