Tragacanth Market: The gum seeps from the plant in twisted ribbons or flakes which are powdered
Tragacanth Market Size, Share and Growth
Tragacanth Market is worth USD xx million in 2018 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2023.
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Tragacanth Market Overview:
The global Tragacanth market is developing at an exceptionally quick pace. Gum tragacanth is an odorless, tasteless, viscous, water-soluble mixture of polysaccharides which 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.
Tragacanth Market Drivers and Restraints:
The significant drivers are wide range of applications ranging from food to pharmaceutical, 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 pharmaceutical sector tragacanth is used in oral ingestion, toothpastes, mineral & fish oil emulsion and other external lotions such as body lotions, hand lotions etc. However availability of substitute product like xanthan gum limits the growth of Tragacanth market.
Tragacanth Market segmented as
By Product Type:
• Ribbons
• Flakes
By Distribution Channel:
• Internet Retailing
• Mass Retailers
• Direct Selling
By Application:
• Pharmaceuticals & Medical
• Foods
• Personal Care & Cosmetics

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Geographical Analysis:
Geographically, the Tragacanth market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America is expected to have the largest share. Asia Pacific is expected to have high growth rate. Iran and Turkey are major producers of tragacanth.
Important Market Players:
Kachabo Gums, Lakrena International, Hawkins Watts Limited, Scents of Earth, Alfa Chemical Corp. and Wizard’s Cauldron, Inc. are the leaders in the global Tragacanth market.
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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