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Friday, September 24, 2021

Global Vanilla and Vanillin Market to be Driven by the Rising Demand for Frozen Desserts and Bakery Items in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Vanilla and Vanillin Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global vanilla and vanillin market, assessing the market based on its segments like bean colour, bean type, application, type, form, raw material, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): 2,590 Tons (Vanilla) and 37,296 Tons (Vanillin)
  • Forecast CAGR (2021-2026): 3% (Vanilla) and 8.5% (Vanillin)
  • Forecast Market Size (2026): 6 Tons (Vanilla) and 60847.2 Tons (Vanillin)

A variety of factors are currently driving this sector. A key factor driving this market is the rising demand for frozen desserts and bakery items. Vanillin also has a good potential to improve the taste of food products and has properties including low calorie content and high antioxidant availability. Its demand in the food and beverage industry is also expected to increase as a result of this. Increasing disposable incomes, the demand for packaged foods, growing applications in the pharmaceutical and cosmetics industries, and so on are some of the major factors that will drive vanilla and vanillin demand over the forecast period.

Industry Definition and Major Segments

Vanilla is a spice derived from orchids of the genus vanilla, primarily obtained from the pods of the mexican species, flat-leaved vanilla. Vanillin has the molecular formula C8H8O3 and is an organic compound. It’s a kind of phenolic aldehyde. Aldehyde, hydroxyl, and ether are some of its functional groups.

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The vanilla market is bifurcated on the basis of bean colour into:

  • Red Beans
  • Black Beans

On the basis of bean type, the vanilla market is divided into:

  • Madagascar Bourbon
  • Mexican Vanilla
  • Indonesian Vanilla
  • Tahitian Vanilla

On the basis of application, the vanilla market is categorised into:

  • Food and Beverages
  • Cosmetics
  • Pharmaceutical
  • Others

Regionally, the vanilla industry can be segmented into:

  • Madagascar
  • Indonesia
  • Mexico
  • Papua New Guinea
  • Others

The vanillin market is bifurcated on the basis of type into:

  • Natural
  • Synthetic
  • Lignin
  • Guaiacol Lignin
  • Ethyl

The vanillin market is divided on the basis of form into:

  • Powder
  • Paste
  • Extract
  • Others

On the basis of raw material, the vanillin market is segmented into:

  • Beans
  • Lignin
  • Guaiacol

On the basis of application, the vanillin market is divided into:

  • Pharmaceuticals
  • Cosmetics
  • Foods and Beverages
  • Others

Regionally, the vanillin industry can be categorised into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Natural vanillin has seen an increase in demand as a result of the ongoing trend of natural ingredients. Nestle and General Mills, two major end-user companies, revealed that they would use natural colours and flavourings in their products. Companies like Solvay have introduced natural vanillin to the United States market for bakery, confectionery, beverage, and other food manufacturers in response to the increasing demand for natural vanillin, especially in the developed countries. In another case, Camlin Fine Sciences Ltd., a leading vanillin producer, acquired a 51 percent stake in Ningbo Wanglong Flavors and Fragrances Company Limited (China), gaining a leading role among vanillin producers in the global market.

Key Market Players

The major players in the market are Solvay SA, Evolva Holding SA, Advanced Biotech, and Jiaxing Zhonghua Chemical Co. Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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