Tannin Market to Show At Par Market Growth During 2020-2024 Due to COVID-19 Spread | Technavio

Shape strategic responses through the phases of industry recovery

Ajinomoto Co. Inc., EVER srl, and Forestal Mimosa Ltd. will emerge as major tannin market participants during 2020-2024

LONDON–(BUSINESS WIRE)–#GlobalTanninMarket–The tannin market is expected to grow by 334.10 thousand MT during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the tannin market in optimistic, probable, and pessimistic forecast scenarios.

Enterprises will go through the Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19

The tannin market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio�s pandemic-focused market research, market growth is likely to decrease as compared to 2019.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the next normal.

This post-pandemic business planning research will aid clients to:

• Adjust their strategic planning to move ahead once business stability kicks in.
• Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure. Click here

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

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Major Three Tannin Market Participants:

Ajinomoto Co. Inc.

Ajinomoto Co. Inc. operates the business in various segments such as Japan Food Products, International Food Products, Life Support, Healthcare, and Other. The company offers tannic acids through its subsidiary NaturalSpecialities.

EVER srl

EVER srl operates the business in the Unified segment. The company offers oenological tannins and chips designed to meet the different needs of the Enologist.

Forestal Mimosa Ltd.

Forestal Mimosa Ltd. operates the business in the Unified segment. The company offers Mimosa ME/OP Powder for manufacturing of sole, strap, harness, case, upholstery, lining, and other vegetable-tanned leathers.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/tannin-market-industry-analysis

Tannin Market 2020-2024: Segmentation

Tannin market is segmented as below:

• Application
  • Leather Tanning
  • Wood Adhesives
  • Wine Production
  • Others
• Geography
  • Europe
  • North America
  • APAC
  • South America
  • MEA

The tannin market is driven by high demand for leather tanning. In addition, other factors such as the simpler manufacturing process are expected to trigger the tannin market toward witnessing a CAGR of almost 5% during the forecast period.

Get more insights about the global trends impacting the future of the tannin market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45888

Market Drivers

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Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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