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The new report by Expert Market Research titled, ‘Global Vanilla and Vanillin Market Size Report and Forecast 2021-2026’, gives an in-depth analysis of the global vanilla and vanillin market, assessing the market based on its segments like bean colour, bean type, application, type, form, raw material, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): 2,590 Tons (Vanilla) and 37,296 Tons (Vanillin)
  • Forecast CAGR (2021-2026): 3% (Vanilla) and 8.5% (Vanillin)
  • Forecast Market Size (2026): 6 Tons (Vanilla) and 60847.2 Tons (Vanillin)

A variety of factors are currently driving this sector. A key factor driving this market is the rising demand for frozen desserts and bakery items. Vanillin also has a good potential to improve the taste of food products and has properties including low calorie content and high antioxidant availability. Its demand in the food and beverage industry is also expected to increase as a result of this. Increasing disposable incomes, the demand for packaged foods, growing applications in the pharmaceutical and cosmetics industries, and so on are some of the major factors that will drive vanilla and vanillin demand over the forecast period.

Industry Definition and Major Segments

Vanilla is a spice derived from orchids of the genus vanilla, primarily obtained from the pods of the mexican species, flat-leaved vanilla. Vanillin has the molecular formula C8H8O3 and is an organic compound. It’s a kind of phenolic aldehyde. Aldehyde, hydroxyl, and ether are some of its functional groups.

Explore full report with table of contents: https://www.expertmarketresearch.com/reports/vanilla-and-vanillin-market

The vanilla market is bifurcated on the basis of bean colour into:

  • Red Beans
  • Black Beans

On the basis of bean type, the vanilla market is divided into:

  • Madagascar Bourbon
  • Mexican Vanilla
  • Indonesian Vanilla
  • Tahitian Vanilla

On the basis of application, the vanilla market is categorised into:

  • Food and Beverages
  • Cosmetics
  • Pharmaceutical
  • Others

Regionally, the vanilla industry can be segmented into:

  • Madagascar
  • Indonesia
  • Mexico
  • Papua New Guinea
  • Others

The vanillin market is bifurcated on the basis of type into:

  • Natural
  • Synthetic
  • Lignin
  • Guaiacol Lignin
  • Ethyl

The vanillin market is divided on the basis of form into:

  • Powder
  • Paste
  • Extract
  • Others

On the basis of raw material, the vanillin market is segmented into:

  • Beans
  • Lignin
  • Guaiacol

On the basis of application, the vanillin market is divided into:

  • Pharmaceuticals
  • Cosmetics
  • Foods and Beverages
  • Others

Regionally, the vanillin industry can be categorised into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Natural vanillin has seen an increase in demand as a result of the ongoing trend of natural ingredients. Nestle and General Mills, two major end-user companies, revealed that they would use natural colours and flavourings in their products. Companies like Solvay have introduced natural vanillin to the United States market for bakery, confectionery, beverage, and other food manufacturers in response to the increasing demand for natural vanillin, especially in the developed countries. In another case, Camlin Fine Sciences Ltd., a leading vanillin producer, acquired a 51 percent stake in Ningbo Wanglong Flavors and Fragrances Company Limited (China), gaining a leading role among vanillin producers in the global market.

Also Read: Indian Animal Feed Market

Key Market Players

The major players in the market are Solvay SA, Evolva Holding SA, Advanced Biotech, and Jiaxing Zhonghua Chemical Co. Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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