Tragacanth Market Value and Growth Analysis:
The Tragacanth Market size was estimated to be worth 3.9 billion dollars in 2021, and it is predicted to be worth 4.7 billion dollars by the end of 2027. During the projection period of 2022 to 2027, the global Tragacanth Market is expected to grow at a CAGR of 4.3 per cent.Tragacanth is a natural gum formed from the dried fluid of a variety of legume plants in the Astragalus genus, including gummifer, adscendens, brachycalyx, and tragacanthus. Tragacanth gum is also known as shiraz gum elect, shiraz gum, and gum dragon. Iran produces the most high-quality gum in the world.Colds, coughing, and diarrhoea have all been treated with tragacanth for centuries. Tragacanth has also been demonstrated to aid in the reduction of blood sugar levels. Hand creams, toothpastes, denture glue, jellies, and vaginal lotions all include it.
Increasing consumption as a thickening agent in medications and cosmetics is expected to boost the Tragacanth Market size over the forecast period. The rising application scope of tragacanth in the textiles industry as a sizing agent to increase bonding characteristics between resin systems and handling abilities is expected to drive the Tragacanth Market growth over the forecast period.Furthermore, demand for it as a stabilising ingredient in pourable dressings has been increasing due to its acid stability, long shelf life, and salt compatibility. Furthermore, over the projected period, superior pourable dressing qualities with low oil concentration and a high hydrocolloid structure are expected to enhance Tragacanth Market size demand. Replacement goods such as xanthan gum, on the other hand, are predicted to hinder market expansion over the next seven years due to decreased levels of microbial contamination. Because tragacanth gum has excellent cooling properties, it’s widely used to manufacture a drink that keeps the body cool during the summer. It lowers the body’s temperature by acting as a cooling agent. As a result, the risk of a heart attack is reduced.
Urinary incontinence can be effectively treated with tragacanth gum. In cases of urinary tract irritation and pee obstruction, it also helps to relax urinary muscles.Tragacanth gum is great for your skin and can help you seem younger. Tragacanth gum has anti-ageing properties by aiding in the prevention of wrinkles and fine lines. Women become fairly fragile after giving birth. Tragacanth gum can help new moms cope with the responsibilities of parenthood by increasing their physical strength. It also helps to control high blood flow during periods. Tragacanth gum is extremely useful during pregnancy. Consuming Tragacanth ladoos is a common practice in India. They have been shown to be incredibly beneficial to both the mother and the child.A lot of factors, including the user’s age, health, and other situations, go into determining the proper tragacanth dosage. There is currently inadequate scientific data to identify an appropriate tragacanth dose range. Natural products are not always safe to use, and doses are crucial. Replacement goods such as xanthan gum, on the other hand, are predicted to hinder market expansion over the next seven years due to decreased levels of microbial contamination.
Tragacanth Market Segmentation Analysis:
The global Tragacanth Market segmentation includes:
By Product Type:
- Ribbons
- Flakes
On the basis of product type, the ribbons products category has the largest Tragacanth Market size share because of their superior quality Due to the increasing usage of tragacanth ribbons in meals, pharmaceuticals, and cosmetics, the market is likely to increase over the forecast period.
By End-use:
- Pharmaceuticals & Medical
- Food & Beverages
- Personal Care & Cosmetics
- Others
Based on end-user, the food & beverages sector has the largest Tragacanth Market size Market for tragacanth gum as a stabilizer, thickening, and emulsifying agent in dressings, low-calorie shakes, mayonnaise products, sauces, and other beverages is predicted to expand substantially over the next seven years. The pharmaceutical industry was the second-largest market for tragacanth over the same years, owing to increased tragacanth application domains in oral consumption, toothpaste, mineral & fish oil emulsion, and other external lotions such as moisturizing creams and hand lotions.
Tragacanth Market growth for cosmetics and personal care products is expected to drive market growth over the forecast period. However, due to competition for other hydrocolloid systems, the paper and textile industries are anticipated to lose market share in the coming years due to comparable economic price.
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Tragacanth Market Regional Analysis:
Iran is the leading producer of tragacanth, followed by Turkey. The European Union, the United States, and Japan are the top tragacanth importers. As both the supply and demand gap for natural gums grows, demand for tragacanth from these areas is expected to rise. North America is predicted to have a higher value share of the global tragacanth market. Manufacturers’ huge investments in response to increased tragacanth demand are to blame for the growing demands from North America.
The Asia Pacific Tragacanth Market is expected to grow substantially over the projected period. Emerging markets such as China and India provide Tragacanth Market companies the opportunity to expand their revenue base. During the projected period, the Asia-Pacific market is expected to rise rapidly, owing to expansion in the chewing gum market, notably in China and India. Furthermore, population increase and health issues, particularly in China and India, are likely to drive expansion in the APEJ Tragacanth market. European countries, the United States, Japan, and the Soviet Union are the primary importers. The expanding gap between supply and demand for natural gums widely employed in growing end-use industries such as food, pharmaceutical and cosmetic industries, and personal care has increased demand for these regions in recent years. In recent years.
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Latest Industry Developments:
In March 2020, NiO nanoblades were made utilising a co-precipitation method that included nickel nitrate (Ni (NO3) 2.6H2O) as the raw material and tragacanth as a stabilising agent.
The synthesis was carried out with analytical reagent grade silver nitrate (AgNO3) (E. Merck, Mumbai, India). Loba Chemie in Mumbai, India, provided 99 percent “tragacanth gum.”
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