Vanillin is a phenolic aldehyde, which is an organic compound with the molecular formula C8H8O3. Its functional groups include aldehyde, hydroxyl, and ether. It is the primary component of the extract of the vanilla bean. Synthetic vanillin is now used more often than natural vanilla extract as a flavoring agent in foods, beverages, and pharmaceuticals.
In 2019, the market size of Bio Vanillin is 150 million US$ and it will reach 400 million US$ in 2025, growing at a CAGR of 13.0% from 2019.
Popularity of bio vanillin in premium foods and perfumes may stimulate the industry. The products ability to mask bitter taste and infuse a pleasant flavor to medicines and foods could add to market demand. Support from food regulatory bodies in Europe and the United States (the FDA) may prove beneficial for market progress. Customer awareness regarding health and regulatory norms that discourage the use of synthetic products will encourage growth. Moreover, widespread acceptance of bio vanillin can strengthen demand during the forecast period. This product exhibits minimal side effects on human health and offers a pleasant fragrance. These factors are expected to fuel the industry in the long run.
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APAC, led by food & beverages growth in China & India, was the dominant regional industry for synthetic vanillin market and accounts for over 40% of the overall demand in 2015.Rising consumption accompanied by less regulatory norms as compared to other regions are key stimulating factors. LATAM, led by Brazil is likely to witness significant gains in synthetic vanillin market share with over 7.2% CAGR up to 2023. Middle East, led by growth in confectionaries and ice cream industry growth in GCC region, may witness above average industry gains over the foreseeable timeframe.
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The major players in the vanillin market include Camlin Fine Sciences Ltd., International Flavors & Fragrances Inc., Solvay S.A., Ennloys, Evolva Holding SA, Apple Flavor & Fragrance Group Co Ltd., Advanced Biotech, De Monchy Aromatics, Omega Ingredients Ltd., Comax Flavors, Alfrebro, LLC.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Vanillin Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/vanillin-market/download-sampleMarket DynamicsImproving socio-economic conditions and the expanding food and beverage industry is the key contributor to the vanillin market.
Changing lifestyles and work culture leading to increased consumption of ready-to-eat and processed foods will propel this market’s growth in a positive trajectory.
