Bio Vanillin Market Key Players, Industry Share, Competitive Landscape Forecast To 2027

Vanillin is a white crystalline powder with sweet aroma and flavor of vanilla. It is majorly found in the vanilla bean’s extract and is used as aromatic component and flavoring agent in the food and beverages industry. As a flavoring agent, it is used in confectionary, dairy and bakery products and as a fragrance ingredient, it is most widely used in the cosmetics and perfumes. In addition to its flavor and fragrance quality, bio vanillin is also used as an intermediate in chemical and pharmaceutical industries. For instance, in pharmaceutical industry, it has been used in the production of various drugs such as IL-dopa and IL-methyldopa.

Increasing consumer preference towards natural ingredients in food and beverages and in personal care products is a major factor driving growth of the market. Bio vanillin is natural substitute to synthetic vanillin as it contains low calories and various antioxidants. Rising awareness, regarding these factors, is propelling demand for bio vanillin over synthetic vanillin, thereby aiding in growth of the market.

Furthermore, production of bio vanillin through biotechnological processes involves reduced emission of greenhouse gasses and lesser amount of toxic by-products, as compared to synthetically produced vanillin. Thus, increasing environmental concerns is anticipated to fuel growth of the global bio vanillin market during the forecast period. However, high production cost of bio vanillin as compare to synthesized vanillin by chemical processes, is a major factor adversely affecting growth of the market.

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In terms of revenue, Europe dominated the global market for bio vanillin in 2017. Rising awareness regarding adverse effects of consuming artificial flavoring ingredients such as carvacrol, is fuelling demand for natural flavoring agents in food and beverages, thus, supporting growth of bio vanillin market. Carvacrol is an artificial flavoring ingredient and is associated with circulatory and respiratory depression coupled with cardiac failure. According to the United States Food and Drug Administration (USFDA), artificial flavors and artificial food colors (AFC), have potential to increase learning disabilities and behavior disorders.

Bio Vanillin Market Taxonomy

Based on the end-use Industry, bio vanillin market is segmented into:
Food and beverages
Pharmaceuticals
Chemicals
Fragrances
Personal care
Detergents
Others

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Major players operating in the bio vanillin market include Solvay S.A., Apple Flavors & Fragrances Group Co. Ltd., International Flavors & Fragrances Inc., Evolva Holding S.A., Omega Ingredients Ltd., Givaudan S.A., Camlin Fine Sciences Ltd., Comax Manufacturing Corporation, Watkins Incorporated, and Borregaard LignoTech AB.

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This release was published on openPR.