Tamarind Extract Market Size Worth $763.48 Million By 2032 | CAGR: 6.5%

Tamarind Extract Market Size Worth $763.48 Million By 2032 | CAGR: 6.5%

The global tamarind extract market size is expected to reach USD 763.48 million by 2032, according to a new study by Polaris Market Research. The report “Tamarind Extract Market Share, Size, Trends, Industry Analysis Report, By Form (Paste and Powder); By Application; By Distribution; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rising consumer awareness for natural and herbal products and their various health benefits for lifestyle diseases is driving the market's demand for tamarind extract-based products. In light of changing customer preferences over natural components, processed tamarind extracts are in high demand. The tamarind extract is being sold as herbal syrup and in healthy beverages because it is employed in the food and beverage business and is also known for its therapeutic properties. Tamarind extract boosts the immune system and lowers cancer risk by including significant antioxidants.

Additionally, tamarind is regarded as beneficial for constipation because of its laxative qualities. It is useful in treating the common cold since it is high in vitamin C and antioxidants, which help to increase immunity. As per the CDC, around 37.3 million people in the United States have diabetes in 2022. As diabetes prevalence rises, tamarind extract demand is growing for treatment. Tamarind powder is beneficial for diabetes individuals since it may also aid in controlling insulin and blood sugar levels. As it helps reduce food cravings and prevents overeating, it is also helpful for persons seeking to manage their weight.

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Additionally, the anthelmintic properties of tamarind pulp aid in removing worms from the stomach. The fruit gets sweeter and less acidic (sour) as it ripens, and the ripened fruit is thought to taste better. Various cultivars have varying levels of sourness, and some sweet tamarind varieties have nearly no acidity when mature. Therefore, its multiple benefits boost the demand for lifestyle diseases driving the market growth.

Tamarind Extract Market Report Highlights

  • The powder segment led all others in the form sector with a significant market share in 2022. Tamarind powder is thought to be beneficial for diabetes individuals since it may also aid in controlling insulin and blood sugar levels.
  • Pharmaceuticals segment is expected to generate considerable revenue in 2022, and is anticipated to grow at a substantial CAGR over the forecast period. Since, it used to cure colds, fever, stomach illnesses, liver and gallbladder issues, and constipation. Children are administered it to cure intestinal worms.
  • Asia-Pacific region is anticipated to expand at the significant CAGR due to the increased demand for clean-label components in the personal care and cosmetics industries
  • The global players include Abc International, Abdullabhai Abdul Kader, Baaeco V Food, Jadli Foods, Kanegrade Limited, Magma Foods, MoonLite Corporation, Revata Food Products, Shimla Hills, & Xi'an Victory Biochemical.

Polaris Market Research has segmented the Tamarind Extract Market report based on form, application, distribution, and region:

Tamarind Extract Market, Form Outlook (Revenue - USD Million, 2019 - 2032)

  • Paste
  • Powder                              

Tamarind Extract Market, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Food & Beverage
  • Cosmetics & Personal Care Products
  • Pharmaceuticals
  • Households

Tamarind Extract Market, Distribution Outlook (Revenue - USD Million, 2019 - 2032)

  • Direct
  • Indirect

      Tamarind Extract Market, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

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  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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