Tamarind Kernel Powder (Tkp) Market Scope
Tamarind kernel powder (TKP) has been identified as an alternative and cheap source of proteins and other essential nutrients. Tamarind (Tamarindus indica L.) is a member of the dicotyledonous family Fabaceae. It is known as tamarindo in Spanish, tamarin in French, Dakar in Senegalian, and imli in the Indian language. Tamarind kernel powder is a rich source of polysaccharides that are obtained from tamarind seed kernels. Tamarind kernel powder (TKP) has versatile applications in various industries hence, TKP is manufactured in large quantities. Textile and Jute industries are major consumers of Tamarind kernel Powder due to its good thickening properties uses this powder as a textile thickener while the dyeing industry uses it for textile sizing Many Other industries such as printing, jute, paper, explosives, plywood, mining, cosmetic, oil drilling, gas, tobacco, and others also use tamarind kernel powder in different aspects. The product has various uses. Geographically, Asia Pacific is the leading region for higher production of Tamarind Kernel Powder (Tkp). Hence, the demand for the market is huge which drives the market growth over the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Chhaya Industries (India), JD Gums & Chemicals (India), L.R.Industries (India), PROSMIT (India), Swastik Gum Industries (India), Mahesh Agro Food Industries (India), Mysore starch manufacturing (India), Simosis (India), Altrafine Gums (India), Babulal Sarabhai & Co (India), Swastik (India), Shree Ram Industries (India), Altrafine Gums (India), Vishnu Gum&Chemicals (India) and Others |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in various end-use industries. Several companies such as Chhaya Industries, and JD Gums & Chemicals are operating in the market to provide customers with various features & unique offering products. The market is a partially fragmented market with the presence of several market players and local players.
Chhaya Industries (India), JD Gums & Chemicals (India), L.R.Industries (India), PROSMIT (India), Swastik Gum Industries (India), Mahesh Agro Food Industries (India), Mysore starch manufacturing (India), Simosis (India), Altrafine Gums (India), Babulal Sarabhai & Co (India), Swastik (India), Shree Ram Industries (India), Altrafine Gums (India), Vishnu Gum&Chemicals (India) and Others are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Tamarind Kernel Powder (Tkp) market and Region with country level break-up.
On the basis of application, segment is dominating the market in the year 2021
On the basis of geography, the market of Tamarind Kernel Powder (Tkp) has been segmented into . region held largest market share in the year 2021.
Market Trend
- Rapidly increasing demand for the product through an online platform as well as internet penetration has created a huge impact on the buying power of the customer through the online portal is the main factor that is trending in the market during the forecast period.
Market Drivers
- Tamarind kernel like low cost, better nutritional quality, and better sustainability, the utilization of TKP can be enhanced by incorporating it into various food products for attaining maximum benefit. Hence these are the quiet factor that is driving the demand of the market over the forecast period.
Opportunities
- Rapid inclination towards vegetarianism as well rapid growth in the nutraceutical industry is the main factor creating a huge opportunity for product manufacturing and end-user.
Restraints
- Rising the cost of raw material for manufacturing product and heavy-duty tax on import of the good is other key factor that is hampering the market in the forecast period.
Challenges
- The presence of Several Low-Quality Corn Steep Powders in the Market at Low Prices as well as white labeling is another factor that is hampering the market growth
Key Target Audience
Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments, Raw Material Supplier and End-use Industry