The global vanilla and vanillin market grew at a CAGR of 3% and 9% respectively during 2014-2019. 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.
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. Looking forward, IMARC Group expects the global vanilla and vanillin market to continue its moderate growth during the next five years.
On the basis of application, the vanilla and vanillin market have been segmented into food and beverages, cosmetics, pharmaceuticals and others. Among these, the food and beverages segment dominates both the vanilla and vanillin market.
Raw Material Insights:
On the basis of raw materials, the vanillin market has been segmented into beans, lignin, guaiacol and others (rice bran, clove oil, pine bark, etc.). Among these, guaiacol accounts for the majority of the market share.
Based on the end-use, the report finds that extract currently represents the largest end-use segment of vanillin. It is followed by powder and paste.
The competitive landscape of the global vanilla and vanillin market have also been analyzed. Some of the leading players operating in the market are:
Key Questions Answered in This Report:
The market is negatively impacted on account of surging cases of the coronavirus disease (COVID-19) and disruptions in global supply chains.
The global vanilla and vanillin markets reached a volume of 2647 Tons and 40529 Tons, respectively, in 2019.
According to the estimates by IMARC Group, the global vanilla and vanillin market will exhibit moderate growth during the next five years.
Busy schedules and rising disposable incomes are escalating the demand for processed food items, such as frozen desserts, cakes and pastries, which represents one of the key factors impelling the market growth.
Growing awareness about the health benefits of vanilla and the introduction of bio-vanillin are among the major trends in the market.
Based on the bean color, the market has been bifurcated into red and black beans.
The market has been analyzed on the basis of the bean type into Madagascar Bourbon, Mexican vanilla, Indonesian vanilla and Tahitian vanilla.
On the basis of the application, the market has been divided into the food and beverages (F&B), cosmetics, pharmaceutical and other industries.
Region-wise, the market has been segmented into Madagascar, Indonesia, Mexico, Papua New Guinea and others.
On the basis of the end use, the market has been segregated into powder, paste, extract and others.
The market has been examined on the basis of the raw material into beans, lignin, guaiacol and others.
On the basis of the application, the market has been classified into the pharmaceuticals, cosmetics, food and beverages (F&B) and other sectors.
On the geographical front, the market has been categorized into Asia Pacific, Europe, North America, South and Central America, and Middle East and Africa.
Leading industry players are Apple Flavor & Fragrance Group Co., Ltd., Evolva Holding AG, Advanced Biotech, Solvay Group, JIAXING ZHONGHUA CHEMICAL Co., Ltd., and Advanced Biotech.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-702-409-7331 )
( India: +91-120-433-0800 )
Drop us an email at