Tragacanth Market Outlook and Overview by Market Data Forecast

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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https://www.marketdataforecast.com/market-reports/tragacanth-market

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.