Tragacanth Market 2025 - Global Market Growth, Trends, Share and Demands Research Report
20 February 2019 - The Global Tragacanth
Market is projected to display a significant growth in the next couple of
years owing to augmentation in the applications and widening up of scope across
the globe. Tragacanth is a mainly a natural gum. It is also known as gum
dragon, Shiraz gum elect, and Shiraz gum. The most extensive use of Tragacanth
lies in toothpastes, vaginal creams, denture adhesives, hand lotions, as well
as in jellies where it is used as an ingredient. It also plays a major role as
a demulcent in situations involving cold and cough. Besides, it is beneficial
in managing diseases like diarrhea and maintaining the blood sugar level of the
body.
When
it comes to the food industry, it is deployed as stabilizing and thickening
ingredients in various items like salad dressings, beverages, and other food
items. As far as the pharmaceutical sector is concerned, it is employed as a
binding agent in various products. Tragacanth Market is attaining huge
recognition across the globe due to its applicability among various sectors.
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The
factors that are acting as key boosters to the overall Tragacanth market may
entail rising demands of Tragacanth, rise in the urbanization, increased in the
disposable income, rising food products demand, augmentation in the
applications, robust growth of food and pharmaceutical sector, and rise in the
investments by the leading companies.
The
only factor that is impeding the overall growth of the market may include
availability of the alternative products. The market is segmented by product as
Flakes, Ribbons, and others. Tragacanth Market is divided by application as
Personal Care & Cosmetics, Foods, Pharmaceuticals & medical, and
others. Others may include industrial uses such as production of crayons &
ceramics, wood match production, leather curing, and textile & paper
processing.
Tragacanth
Market is segmented by type of distribution channel as Mass Retailers, Direct
Selling, Internet Retailing, and others. The market is classified by geography
as North America, Europe, China, Japan, Southeast Asia, and India.
Geographically, Asia-Pacific is currently leading the market and is accounting
for the greatest share in the market globally. The factors that can be
attributed to the market growth may entail robust growth of gum market, rise in
the population, mounting health concerns among the masses, emerging economies,
and rising end-user applications. Countries including China and India are
recognized as the major contributors in the Tragacanth market growth.
In
contrast, North America is also witnessing a significant growth in the
Tragacanth industry due to rise in the production capacity of Tragacanth,
augmented demands among the end users, increased supply of natural gums, growth
of food, cosmetics, pharmaceutical, as well as personal care sectors.
The
prominent players contributing in the development of the Tragacanth Market are
recognized as Hawkins Alfa Chemical Corp., Watts Limited, Scents of Earth,
Colony Gums, Kachabo Gums, Arthur Branwell, Wizard’s Cauldron, Inc., Kachabo
Gums, Hawkins Watts, and Lakrena International.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Tragacanth in these regions, from 2013 to 2025
(forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Tragacanth market competition by
top manufacturers, with production, price, revenue (value) and market share for
each manufacturer; the top players including
•
Hawkins Watts
•
Lakrena International
•
Scents of Earth
•
Kachabo Gums
•
Triarco Industries Inc
•
Alfa Chemical Corp
•
Wizard's Cauldron
•
Polygal AG
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