- Tragacanth is a natural gum obtained from the dried sap of several species of Astragalus shrubs and is widely used for its thickening, stabilizing, and emulsifying properties in pharmaceuticals, food, and cosmetics
- The demand for tragacanth is significantly driven by the increasing preference for plant-based and natural additives, along with rising health consciousness among consumers
- North America is expected to dominate the global tragacanth market with largest market share of approximately 35%, due to strong demand for clean-label and organic food products, as well as a well-established pharmaceutical industry
- Asia-Pacific is expected to be the fastest growing region in the tragacanth market during the forecast period due to expanding food and cosmetics sectors, increasing herbal medicine usage, and abundant raw material availability
- Natural tragacanth segment is expected to dominate the market with a largest market share of over 65%, due to the increasing consumer preference for natural and organic ingredients across various industries
