The Middle East and Africa 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.
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 blood sugar levels. 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 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 Middle East and Africa Tragacanth market is segmented on the
basis of product type
application type
distribution channels
Based on product type
ribbons
flakes
Ribbons had the largest market share owing to superior quality over flakes. Based on application type the market is segmented into pharmaceuticals & medical, foods, personal care & cosmetics and others. Foods segment had the largest share followed by the pharmaceutical industry. Based on distribution channels the market is segmented into Internet Retailing, Mass Retailers, Direct Selling, and others.
Middle East and Africa Tragacanth Market Regional Analysis
UAE
Israel
KSA
South Africa
Egypt
Kachabo Gums
Lakrena International
Hawkins Watts Limited
Scents of Earth
Alfa Chemical Corp
Wizard’s Cauldron, Inc.
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