Europe Tragacanth Market is worth USD xx million in 2022 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2027. The Europe 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 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.
The Europe Tragacanth market is segmented on the basis of product
type
application type
distribution channels
Based on product type the market is segmented into
ribbons
flakes
Based on application type the market is segmented into
pharmaceuticals
medical
foods
personal care & cosmetics
Based on distribution channels the market is segmented into
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.
Kachabo Gums
Lakrena International
Hawkins Watts Limited
Scents of Earth
Alfa Chemical Corp
Wizard’s Cauldron, Inc.
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