Global Bio Vanillin Market to Reach US$ 333.6 Million by 2032, Facilitated by Flourishing F&B Industry

June 29, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Bio Vanillin Market Report by Source (Rice Bran, Wood, and Others), Application (Food and Beverages, Pharmaceutical, Fragrance, and Others), and Region 2024-2032,” the global bio vanillin market size reached US$ 191.0 Million in 2023. Bio vanillin is derived from vanilla beans and known for its sweet and aromatic flavor. It has antioxidant and anti-inflammatory properties and produced via the fermentation process. It is a natural flavoring agent used in many food products and beverages as bio vanillin is considered a healthier alternative to synthetic vanillin.

Global Bio Vanillin Market Trends:

There is an increase in the use of bio vanillin in the preparation of various food products and beverages, such as chocolate, shakes, jam, jellies, ice cream, candies, smoothies, cookies, cakes, and biscuits. This, coupled with the flourishing food and beverage (F&B) industry, represents one of the key factors augmenting the market growth around the world. Moreover, the shifting consumer preferences towards low-calorie processed food products and beverages on account of the rising health consciousness among them is favoring the growth of the market. In addition, bio vanillin is employed in the pharmaceutical industry to add sweetness and viscosity to different medicines. This, along with the rising need for prescription drugs due to the increasing occurrence of chronic medical ailments among the masses, is propelling the growth of the market. Apart from this, the growing adoption of clean label cosmetics is catalyzing the demand for bio vanillin as organic preservatives that can be easily blended with other ingredients in various cosmetic and personal care products, such as fragrances, body washes, lotions, and shampoo. Looking forward, the market value is projected to reach US$ 333.6 Million by 2032, expanding at a CAGR of 6.27% during 2024-2032.

Market Summary:

Based on the source, the market has been segmented into rice bran, wood, and others.
On the basis of the application, the market has been segregated into food and beverages, pharmaceutical, fragrance, and others. Food and beverages currently account for the majority of the total market share.
Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Asia Pacific enjoys the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being Advanced Biotech, Apple Flavor & Fragrance Group Co. Ltd, Archer-Daniels-Midland Company, BASF SE, Borregaard AS, Camlin Fine Sciences Ltd., Evolva Holding SA, Liaoning Shixing Pharmaceutical & Chemical Co. Ltd., Oamic Biotech Co. Ltd., Prinova Group LLC (Nagase America LLC), Solvay S.A., Sulzer Ltd., and Symrise AG.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Source, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Advanced Biotech, Apple Flavor & Fragrance Group Co. Ltd, Archer-Daniels-Midland Company, BASF SE, Borregaard AS, Camlin Fine Sciences Ltd., Evolva Holding SA, Liaoning Shixing Pharmaceutical & Chemical Co. Ltd., Oamic Biotech Co. Ltd., Prinova Group LLC (Nagase America LLC), Solvay S.A., Sulzer Ltd. and Symrise AG.
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Global Bio Vanillin Market to Reach US$ 333.6 Million by 2032, Facilitated by Flourishing F&B Industry

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