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RSP- Global food exporters & importers

GLOBAL MARKET DEMAND

The Global Tamarind Market was valued at USD 26.5 million. The size of this market is expected to increase to USD 15.4 million by the year 2026, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%. Tamarind is already used as a raw material for the production of several industrial products like tamarind juice concentrate, tamarind pulp powder, tamarind kernel powder (TKP), pectin, tartaric acid, tartrates, and alcohol.

Tamarind seed is also used as adhesive filler in the plywood industry. It is also used as a stabilizer for brick industries that combine sawdust briquettes and as a thickener for a number of explosives. This spice also comes in the forms of pulp and juice concentrates which mainly go into the preparation of cool drinks, sea foods and a range of sophisticated cuisine. Tamarind is native to tropical America and this plant is widely used throughout Asia and it has acquired the common name Assam, meaning, simply, 'acid' as they are used as acid flavors in the food Industry.

USES & BENEFITS

  • Tamarind, an essential ingredient in South Indian cuisine and a host of processed food items across the globe, can also offer livelihood security in rural and tribal areas, experts indicate. Its organized processing, supported by cold storage facilities, is found to be ideal for ensuring market price stability and rural employment. India is the largest producer and exporter of a range of raw and processed spices. Processed spices demand is directly linked with its consumption in the food processing industry and this is set to grow in India in the coming period with growth of population and fast changing food habits as well as increase in spending power of the middle and upper class in India.
  • Tamarind extract is an essential food additive with a distinctive flavor. It is used in a variety of food products to improve taste and flavor. The beverage industry employs the services of tamarind in juice production due to its coolant property. Tamarind has many health befitting features ranging from antifungal to antimicrobial to antioxidant then antiseptic. Tamarind is used in the cosmetic industry to produce skin hydrating and bleaching agents, which are necessities in every household. The growing demand for healthy food products among consumers is the key factor fueling tamarind extract worldwide. Health-related issues such as common cold, conjunctivitis, indigestion, and others are diseases that tamarind fights.