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The North America vanilla and vanillin market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.1% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Vanilla is a natural flavoring substance derived from a string-bean-like pod of a climbing orchid, whose greenish-white flowers bloom briefly and are without fragrance. On the other hand, vanillin is extracted from vanilla beans. It is a primary component of the natural vanilla extract obtained by percolating and macerating vanilla pods in a solution of ethanol and water. Vanillin is used as a flavoring substance in various industries, such as food and beverages, pharmaceuticals, and personal care items.
North America vanilla and vanillin market is currently being driven by several factors. The low-calorie content and high availability of antioxidants in vanillin have resulted in its increasing utilization in different food products and beverages. Moreover, with an increase in health awareness among the consumers, vanillin is being used in medicines on account of its anti-microbial, anti-mutagenic, antiangiogenic and anti-nociceptive properties. Apart from this, the high per capita incomes and living standards of consumers are also strengthening the growth of the vanilla and vanillin market in the region. Vanillin is widely being used in the cosmetics and personal care industry to create a soothing aroma. Moreover, the major suppliers of synthetic vanillin are increasing their production capacities in response to the extensive demand for the vanillin-infused products in the region.
IMARC Group’s latest report provides a deep insight into the North America vanilla and vanillin market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America vanilla and vanillin market in any manner.
Report Customization: Although IMARC has tried to cover everything in the North America vanilla and vanillin market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
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