Vanillin Market to Showcase High Growth; to cross USD 853.2 MN Mark by 2026
Posted On November 10, 2020
During the period of 2020-2026 it is expected that the Global Vanillin Market will showcase a CAGR of 8%. The market is foreseen to reach USD 853.2 MN by 2026 while it was valued at USD 497.8 MN in 2019 as stated in a the published market study by Value Market Research. Due to the potentiality to enhance flavor and taste, the demand for vanillin is rising at a faster pace. The blooming end-use industries such as pharmaceutical, food & beverage, perfume, and cosmetics is promoting the global vanillin market. Furthermore, the health benefits offered by vanillin, such as low calorie and high antioxidants content, are strengthening the market. The other factors propelling the global vanillin market include increased usage in chemistry for staining purposes and the growing adoption of organic food.
Vanillin, the main component of vanilla beans, is a popular flavoring agent used in sweet foods such as ice creams, chocolates, and other confections and bakery products. It is a phenolic aldehyde that has ether, aldehyde, and hydroxyl as functional groups. The flavor of vanillin is commonly known as vanilla flavor. Naturally, vanillin is extracted from the vanilla planifolia pods, while synthetically, vanillin is made from using lignin or guaiacol. Vanillin is widely used in medicines, perfumes, cleaning products, agrochemicals, and aromatherapy due to its pleasant odor. Vanillin is used in flavored drinks such as cream soda. In chemistry, vanillin is applicable in thin layer chromatography plates for staining purposes. It is used as a chemical intermediate in the manufacturing of fine chemicals in pharmaceuticals and cosmetics. Vanillin is used in livestock fodders to cover up unpleasant odors.
The initial sections of the report "Global Vanillin Market Report By Type (Synthetic, Bio-Based), By End-Use (Food & Beverage, Fragrances, Pharmaceuticals) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" starts with the introduction, a crisp market summary followed by detailed revenue analysis as per segments and regions. The market drivers responsible for pushing the market growth are discussed in length in the report. The vanillin market opportunities are useful to identify the profit canters and take the strategic decision accordingly.
On the basis of type the market is segmented into Synthetic, Bio-Based. By end-use the vanillin market is categorised as Food & Beverage, Fragrances, Pharmaceuticals. The other regions studied in the report are North America, Europe, Latin America and Middle East & Africa. The regional spread of all the segments and sub segments are detailed in the report.
The Report Segments Global Vanillin Market -
- Food & Beverage
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
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.
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