Europe Tragacanth Market Research Report - Segmented Based on Product Type, Application Type, Distribution Channel, and Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, & Growth Forecast (2024 to 2029)
The Europe Tragacanth market is predicted to reach USD 1.31 billion in 2024 and USD 1.67 billion by 2029, growing at a CAGR of 4.9% during the forecast period.
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 twisted ribbons or flakes which are powdered. It absorbs water to become a gel, which can be converted into a paste. Tragacanth is widely used as a demulcent for cold and cough and is also for diarrhea treatment. It is also used to lower the blood sugar level. The significant drivers are 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 industry 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.
ribbons
flakes
pharmaceuticals
medical
foods
personal care & cosmetics
Internet Retailing
Mass Retailers
Direct Selling
UK
Spain
Germany
France
Europe is assumed a developed market and is anticipated to witness significant growth in the forecast period.
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