Vanillin Market Share, Size, Trends, Industry Analysis Report, By Products (Natural, Synthetic Vanillin); By Type; End-Use; By Regions; Segment Forecast, 2024 - 2032
- Published Date:Jan-2024
- Pages: 117
- Format: PDF
- Report ID: PM3229
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global vanillin market was valued at USD 625.14 million in 2023 and is expected to grow at a CAGR of 7.6% during the forecast period. Manufacturers are exploring various methods for producing vanillin in response to consumer demand for healthier and sustainable ingredients,. One such method is fermentation-derived vanillin, a viable alternative to synthetic vanillin. More and more manufacturers are opting for bio vanillin production, which uses rice bran as a feedstock. The rice bran is converted into ferulic acid, fermented by yeast to produce vanillin. This sustainable production method is gaining popularity in the industry.
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An essential aromatic component called vanillin is frequently used to enhance numerous end-use products' flavor and scent. The fragrant aroma of vanilla beans is a characteristic that they naturally possess. It is commonly used as an aromatic component in incense, perfumes, medications, candles, and air fresheners and as a flavoring agent in culinary products.
The food industry has a high penetration rate of vanillin, especially in developed countries, due to its diverse application across various industries. Vanillin is used as a flavoring agent and aromatic masking in medicines, cleaning products, cosmetics, toothpaste, and toiletries. The demand for room and car fresheners and the increasing popularity of aromatherapy is anticipated to raise the need for vanillin in the cosmetics and toiletries segment. The widespread application and availability of vanillin at an affordable price have resulted in its increasing penetration worldwide, which is driving the market's growth. The market is experiencing revenue growth due to the growing demand for its use as a flavoring agent in the food and beverage industry, as well as in pharmaceuticals and drug manufacturing. Additionally, the low toxicity of vanillin has made it a recommended anti-sickling agent by the U.S. Food and Drug Administration, resulting in its widespread use in treating sickle cell disease.
The steady expansion of several end-use industries, such as food and beverage, perfume, cosmetics, and pharmaceuticals, across various countries is a significant factor driving the entry of this business. Vanillin's ability to enhance the flavor and aroma of different food products is particularly important in the emerging liquor and food manufacturing industries. Additionally, vanillin's low-calorie value and numerous antioxidants make it an attractive ingredient.
A taste enhancer and an odor-masking substance called vanillin are used in 40% of pharmaceutical products, including Aldomet, a medication for high blood pressure, Trimethoprim, a therapy for Parkinson's disease, and L-dopa, a treatment for Parkinson's disease. It is becoming more well-liked in the pharmaceutical business because of its antioxidant, anti-carcinogenic, aphrodisiac, and antidepressant properties. For example, vanillin is a powerful antidepressant, mood enhancer, and stress and anxiety reliever with a strong smell.
Vanilla essential oil is used in aromatherapy to relieve depression and stress. Vanilla is a potent antioxidant that aids in treating several ailments brought on by internal cell damage from free radical oxidation. It restores cell damage, defends the body from carcinogen assaults, boosts immunity, and wards off numerous illnesses. Vanillin is well-liked in nations with a high incidence of diabetes since it is a sweet flavoring with no calories that can aid customers in consuming less sugar.
For example, the American Diabetes Association's current statistics show that the condition affected 37.3 million Americans, or 11.3% of the population, and 283,000 were under 20. The prevalence of diabetes is increasing, particularly in developed and developing countries, which is increasing demand for beverages that use vanillin as a sugar alternative.
Industry Dynamics
Growth Drivers
One of the key factors fueling the global market's revenue growth is the increasing use of Vanillin in the food and beverage industry. Ice cream, candy, chocolate, baby food, cake, pudding, pastries, and other confectionery products are frequently made with Vanillin, a vegan flavoring agent. For instance, on December 30, 2021Zen, a high-end plant-based pudding manufacturer, debuted a new chocolate and vanilla pudding made with coconut milk. The company wants to transform the frozen and chilled dessert market by providing more quality organic items in luxurious ecological packaging.
Due to the packaging material's active antibacterial component, it has a lot of potential in the packaging industry. For instance, cereal flakes are frequently packaged with them. Moreover, vanillin solutions are utilized as antimicrobial coatings for paperboard used in baked goods packaging. The flavoring agent tobacco manufacturers employ, Vanillin, can be added to tobacco, cigarette paper, or filters.
Vanillin has been acknowledged and approved for use as a flavoring agent by several government-owned food regulatory authorities. Vanillin has been utilized in applications such as food flavoring, perfumery, animal feed, medicines, agrochemicals, and industrial items since the Food and Drug Administration (FDA) gave it the label Generally Recognized as Safe (GRAS). Vanillin is permitted as a flavoring agent in the EU, per Annex I of Regulation (EU). The strict regulatory approvals used Vanillin quickly in numerous industries, which boosted market revenue growth.
Report Segmentation
The market is primarily segmented based on product, type, end-use, and region.
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By Product |
By Type |
By End-Use |
By Region |
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The synthetic vanillin segment is anticipated to hold the highest share in 2022
In 2022, the synthetic vanillin market had the highest share. An easily accessible synthetic vanillin can be made from lignin, a wood pulping industry polymeric byproduct. Synthetic vanillin is relatively less expensive, which promotes the expansion of this market. Businesses spend more on R&D, new product development, and innovations. For instance, to advance and market vanillin, the Swiss biotech company Evolva partnered with International Flavors and Fragrances (IFF), a flavor, scent, and nutrition manufacturer for consumer products, on March 26, 2020. According to the terms of the new agreement, IFF will expand product commercialization while Evolva will keep working on vanillin development.
The food & beverage segment is anticipated largest revenue share in 2022
In 2022, the food and beverage category contributed the largest revenue share. Vanillin is heavily demanded in this industry because of its widespread use in various food and beverage items, including cakes, ice cream, yogurt, flavored milk, chocolates, and cookies. Depending on consumer expectations and creating new food and beverage items, businesses are putting funds into enhancing their R&D efforts. For instance, Sensient Flavors introduced a Bakery Toolbox on February 25, 2020. This product consisted of a collection of four miniature cakes, each of which was themed after a distinct season of the year. With an unexpected crunch of cherry blossom-flavored meringue particles, Sensient Flavors suggests a delicate cherry blossom and vanilla flavor mixture. As long as there is a significant demand for vanilla worldwide, Sensient application experts are extending their collection of vanilla profiles, which now includes extracts, natural bourbon vanilla flavorings, and honest, synthetic vanillin kinds.
The demand in Asia Pacific is expected to witness significant growth over the forecast period
Over the forecast period, Asia is expected to emerge as a major market due to growing demand from various end-use industries. The food and beverage industry in these countries has been experiencing remarkable growth to a substantial increase in the need for vanillin in recent years. The Asia Pacific region is currently the largest consumer of food and beverage products and is expected to maintain this position throughout the forecast period. Due to the high-volume sales and low-profit margins typical of the food and beverage manufacturing industry, highly populated countries are essential to their success. The market growth is expected to be propelled by increasing population, rising income levels, and expanding food application scope over the forecast period.
Vanillin is widely employed in manufacturing cosmetics, pharmaceuticals, and food & beverages. In addition, improving lifestyles and increased disposable income fuel the vanillin market's sales growth. In 2022, the Asia Pacific market, which is significant in both the production and consumption of vanillin, will account for the biggest revenue share globally. People in these countries consume cakes, pastries, flavored milk, and other goods more quickly due to changing eating patterns, boosting market revenue growth.
Competitive Insight
Some of the major players operating in the global market include Evolva, Solvay, Jiaxing Zhonghua Chemical Co., Ltd., Apple Flavor & Fragrance Group Co., Ltd., Prinova Group LLC., Camlin Fine Sciences Ltd, Lesaffre, Borregaard AS, Omega Ingredients Limited, and International Flavors & Fragrances Inc.
Recent Developments
- In January 2022, Foodchem International Corporation introduced its latest product, FoodVanil, designed to gradually release the essence of vanilla beans at high temperatures above 200?.
- In March 2020, Evolva, a Swiss biotech company, partnered with International Flavors and Fragrances (IFF) to enhance the commercialization of vanillin. As per the terms of the agreement, IFF would be responsible for expanding the product's commercial reach, while Evolva would take charge of further developing the vanillin.
Vanillin Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 670.4 million |
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Revenue forecast in 2032 |
USD 1,200.54 million |
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CAGR |
7.6% from 2024 - 2032 |
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Base year |
2023 |
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Historical data |
2019 - 2022 |
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Forecast period |
2024 - 2032 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2024 to 2032 |
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Segments covered |
By Product, By Type, By End Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Evolva, Solvay, Jiaxing Zhonghua Chemical Co., Ltd., Apple Flavor & Fragrance Group Co., Ltd., Prinova Group LLC., Camlin Fine Sciences Ltd, Lesaffre, Borregaard AS, Omega Ingredients Limited, and International Flavors & Fragrances Inc. |
FAQ's
The global vanillin market size is expected to reach USD 1,200.54 million by 2032.
Key players in the vanillin market are Evolva, Solvay, Jiaxing Zhonghua Chemical Co., Ltd., Apple Flavor & Fragrance Group Co., Ltd., Prinova Group LLC., Camlin Fine Sciences Ltd.
Asia Pacific contribute notably towards the global vanillin market.
The global vanillin market expected to grow at a CAGR of 7.5% during the forecast period.
The vanillin market report covering key segments are increasing use of vanillin in the food and beverage industry.
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