Vanillin Market Size, Growth| Global Industry Analysis Report, 2026 The global vanillin market size is anticipated to expand at a substantial CAGR during the forecast period, 2020-2026. Vanillin is employed in varied applications across many industries such as food & beverage, fragrances, and pharmaceuticals. Major players in the food & beverage industry are shifting toward the use of natural colors and flavorings in their products. This, in turn, is expected to fuel the demand for vanillin. Vanillin is an organic compound obtained from the extract of vanilla beans. Its molecular formula is C8H8O3. Natural vanilla extract is expensive and scarce; therefore, synthetic vanillin is widely used in diverse applications. Synthetic vanillin is either made from lignin or guaiacol. Market Trends, Drivers, Restraints, and Opportunities: Vanillin improves the taste and aroma of the bakery products, biscuits, candies, chocolates, and ice creams. Increasing globalization and urbanization have transformed the lifestyles of people globally, resulting in the rise in expenditure on food. This, in turn, is propelling the demand for vanillin. The pharmaceutical segment is expected to be one of the fastest growing segments of the global vanillin market, due to its extensive use for minimizing the bitter taste of drugs and medicines. Rising demand for low-calorie food with high availability of nutritious or diet food for the health-conscious population is likely to boost the global market growth. Scope of the Report: The report on the vanillin market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes Details Base year 2019 Historic data 2015–2019 Forecast period 2020–2026 North America, Asia Pacific, Europe, Central & South America, and Middle East & Africa Regional scope Company share, market analysis and size, competitive landscape, growth factors and trends, and revenue forecast Report coverage Vanillin Market Segment Insights: Demand for natural/bio vanillin is expected to be higher than that of chemically synthesized vanillin during the forecast period On the basis of types, the vanillin market has been segmented into natural vanillin, chemically synthesized vanillin, and biology vanillin. Growing consumer awareness regarding the adverse impacts of artificial food ingredients is increasing the demand for biology and natural vanillin in various industries such as food & beverage, personal care, and pharmaceutical. The use of chemically synthesized vanillin as a flavoring agent is increasing considerably due to the scarcity and expensive extraction process of natural vanilla. Extensive use of vanillin in the food and beverages to propel the growth of the segment In terms of applications, the market has been segregated into food & beverage, fragrances, and pharmaceuticals. The food & beverage segment accounts for a dominant share of the market due to extensive use of vanillin in making confectionary products such as bakery products, biscuits, and cookies.
Use of vanillin in the pharmaceutical industry is increasing due to its ability to minimize the bitterness of the drugs. Request Sample Report: https://dataintelo.com/request- sample/?reportId=130150 Globalization drives the growth of the market in Asia Pacific Based on regions, the global vanillin market has been divided into North America, Asia Pacific, Europe, Central & South America, and Middle East & Africa. The market in Asia Pacific is expected to grow at a substantial pace during the forecast period due to increasing population, rising globalization, and growing urbanization. Europe is expected to hold a large share of the market, followed by North America, due to the expansion of the pharmaceutical industry in the region. Competitive Landscape: Key players operating in the global vanillin market include Rhodia (Solvay), Borregaard, Evolva, Wanglong Tech Co. Ltd., Jiaxing Zhonghua Chemical Co. LTD., Liaoning Shixing Pharmaceutical & Chemical Co., Ltd., Zhejiang NetSun Co., Ltd. These players are engage in product launches, mergers & acquisitions, agreements, and partnerships to strengthen their geographical presence. Segments Covered in the Report: The global vanillin market has been segmented on the basis of types, applications, and regions. By Types Natural Vanillin Chemically Synthesized Vanillin Biology Vanillin By Applications
Food & Beverage Fragrances Pharmaceuticals By Regions North America Asia Pacific Europe Central & South America Middle East & Africa