Asia Pacific Tragacanth Market is worth USD 0.99 million in 2024 and estimated to grow at a CAGR of 7.72% to achieve USD 1.43 million by 2029
The Asia Pacific Tragacanth market is developing at an exceptionally quick pace. 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 powdered twisted ribbons or flakes. It absorbs water to become a gel, which can be converted into a paste. Tragacanth is widely used as a demulcent for colds and coughs and is also for diarrhea treatment. It is also used to lower the blood sugar level. The significant drivers are a wide range of applications ranging from food to pharmaceuticals, rising demand for tragacanth gum, growing urbanization, and increasing disposable incomes. Also, increasing the 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, the availability of substitute products like xanthan gum limits the growth of the Tragacanth market.
This Research Report on the Asia Pacific Tragacanth Market is segmented and sub-segmented into the following categories:
Asia Pacific Tragacanth Market - By Product Type:
Ribbons had the largest market share owing to superior quality over flakes.
Asia Pacific Tragacanth Market - By Application:
Foods segment had the largest share followed by the pharmaceutical industry.
Asia Pacific Tragacanth Market - By Distribution Channel:
Asia Pacific Tragacanth Market – By Region
Asia Pacific is expected to have highest growth owing to factors like increasing population and rising health concerns mainly in emerging economies of China and India.
KEY MARKET PLAYERS:
Key market players of the Asia Pacific Tragacanth Market are Kachabo Gums, Lakrena International, Hawkins Watts Limited, Scents of Earth, Alfa Chemical Corp, Wizard’s Cauldron, Inc
Frequently Asked Questions
Tragacanth is commonly used as a thickening agent, stabilizer, and emulsifier in food products, pharmaceuticals, cosmetics, and various industrial applications. In the food industry, it is used in products such as confectionery, sauces, dressings, and bakery goods.
Tragacanth is available in various grades depending on its purity, viscosity, and other properties. Food-grade tragacanth is suitable for use in food products, while pharmaceutical-grade tragacanth may be used in medicinal formulations.
Tragacanth provides several benefits in food products, including improved texture, viscosity control, moisture retention, and stability. It can help enhance the mouthfeel, appearance, and shelf life of food products.
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