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The global vanilla and vanillin market is expected to exhibit a CAGR of XX% during 2022-2027. 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 represents among the world’s most popular spices and an important ingredient in products ranging from chocolate to perfume. It also acts as an effective antimicrobial and has been shown to protect the body against bacteria, mold and yeast. For these reasons, vanilla represents an important ingredient in herbicides to prevent against disease-ridden crops. It also acts as an antimutagenic agent and reduces the rate of mutations in cells. Vanilla also contains properties that enable the body to inhibit angiogenesis which is the process of formation of new blood vessels. Vanillin is an aromatic compound extracted from vanilla pods after the harvest, fermentation, and curing process. The food and beverage industry currently represent the largest consumer of this market with vanillin representing one of the most common flavors used in a majority of food and beverages.
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This market is currently being driven by a number of factors. The growing demand for frozen desserts and bakery products represents a key factor catalyzing this market. Moreover, vanillin has a strong ability to enhance the flavor in food products and has properties such as low-calorie content and high availability of antioxidants. This is also expected to drive its demand in the food and beverage industry. Some of the other major factors driving the demand of vanilla and vanillin are increasing disposable incomes, rising demand of processed foods, growing applications in the pharmaceutical and cosmetics industry, etc.
IMARC Group provides an analysis of the key trends in each sub-segment of the global vanilla and vanillin market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product, application, raw material and end-use.
Vanilla Beans Market
Breakup by Bean Color:
On the basis of bean color, the market has been bifurcated into red and black beans.
Breakup by Bean Type:
Madagascar vanilla beans represent the most popular product type as they are extensively used in cookies, soda pop, ice cream, and chocolates. It is also used in formulating various cosmetic products.
Breakup by Application:
Food and beverages currently hold the dominant market share due to the growing demand for bakery and dairy products prepared with vanilla beans.
On the geographical front, Madagascar enjoys the leading position in the market due to the presence of favorable climatic conditions for growing vanilla in the country.
Global Vanillin Market
Breakup by End Use
The extract segment currently accounts for the majority of the market share as it finds extensive applications in preparing various food items.
Breakup by Raw Material
Guaiacol accounts for the majority of the market share as it exhibits medicinal properties and is used in formulating pharmaceutical products.
Breakup by Application
Food and beverages dominate the market due to the increasing use of vanillin as a flavor enhancer in desserts and bakery products.
Breakup by Region
Asia Pacific exhibits clear dominance in the market as it is the largest producer of vanillin across the globe.
According to the estimates by IMARC Group, the global vanilla and vanillin market is expected to grow at a CAGR of XX% during 2022-2027.
The rising demand for vanilla and vanillin in frozen desserts and bakery products represents one of the key drivers for the global vanilla and vanillin market.
The expanding utilization of vanilla and vanillin the pharmaceutical and cosmetic sectors represents one of the key trends in the global vanilla and vanillin market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous cafes, bakeries, restaurants, etc., thereby negatively impacting the demand for vanilla and vanillin.
On the basis of the product type, the market has been bifurcated into Madagascar bourbon, Mexican vanilla, Indonesian vanilla, Tahitian vanilla, and other. Currently, Madagascar bourbon holds the majority of the total market share.
On the basis of the product type, the market has been segmented into natural vanillin and synthetic vanillin. At present, synthetic vanillin exhibits a clear dominance in the market.
On the basis of the raw material, the market has been bifurcated into beans, lignin, guaiacol and others. Currently, guaiacol holds the majority of the total market share.
On the basis of the end use, the market has been segmented into extract, powder, paste and others. At present, extract exhibits a clear dominance in the market.
On the basis of the application, the market has been divided into food and beverages, cosmetics, pharmaceuticals and others. Among these, the food and beverages segment represents the largest segment.
Region-wise, the market has been classified into Asia Pacific, Europe, South and Central America, North America, and Middle East and Africa, where Asia Pacific dominates the global market.
The key companies in the global vanilla and vanillin market are Solvay, Apple Flavor & Fragrance Group, Evolva, Advanced biotech, and Jiaxing Zhonghua Chemical Co., Ltd.
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