Global Tannic Acid Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Tannic Acid industry revenue is expected to be around $568.6 million in 2025 and expected to showcase growth with 7.1% CAGR between 2025 and 2034. The rise in demand for Acid in the market reflects its increasing significance in a range of industries such as food and beverage production, pharmaceuticals and leather processing The growth in consumption can be attributed to its role as a powerful natural antioxidant in food products its use as an excipient in medical formulations because of its astringent qualities and its application as a tanning agent, in the leather sector. Furthermore the friendly aspect and affordability are key factors that play a role in keeping its relevance, in the market.
Found in plants like oakwood and sumac among others is Tannic Acid, also known as Gallotannic Acid, - a compound of great importance in various industries due to its astringent qualities and wide range of uses. These applications include its usage as an additive in the food and beverage sector in products for its believed health advantages and as a primary tanning agent, in leather production.
Market Key Insights
The Tannic Acid market is projected to grow from $530.9 million in 2024 to $1.05 billion in 2034. This represents a CAGR of 7.1%, reflecting rising demand across Leather Tanning, Wine Production, and Pharmaceutical Industry.
Sigma-Aldrich, Merck Millipore, and Alfa Aesar are among the leading players in this market, shaping its competitive landscape.
U.S. and China are the top markets within the Tannic Acid market and are expected to observe the growth CAGR of 4.6% to 6.8% between 2024 and 2030.
Emerging markets including Brazil, Indonesia and South Africa are expected to observe highest growth with CAGR ranging between 8.2% to 9.8%.
Transition like Plunge into Natural AntiOxidants has greater influence in U.S. and China market's value chain; and is expected to add $22 million of additional value to Tannic Acid industry revenue by 2030.
.The Tannic Acid market is set to add $523 million between 2024 and 2034, with manufacturer targeting Wood Stains & Wine Production Application projected to gain a larger market share.
With Rising demand in leather industry, and application in Wine Production, Tannic Acid market to expand 99% between 2024 and 2034.
Opportunities in the Tannic Acid
Growth Opportunities in North America and Asia Pacific
Market Dynamics and Supply Chain
Driver: Rising Demand in Leather Industry, and Utilization in Medical Industry
Restraint: Regulatory Constraints
Opportunity: Technological Innovation in Food and Beverage Industry and Strategic Collaborations in Leather Manufacturing
Challenge: Price Volatility
Supply Chain Landscape
Raw Materials Procurement
Production & Processing
Distribution & Wholesale
End User Industry
Raw Materials Procurement
Production & Processing
Distribution & Wholesale
End User Industry
Use Cases of Tannic Acid in Leather Tanning & Wine Production
Recent Developments
The outlook for Acid looks promising due to its varied uses in different sectors, like food & beverages and pharmaceutical industries where its benefits are gaining recognition among professionals.