Vanilla and Vanillin Market Size, Share, Major Player and Competitive Outlook Forecast to 2026

According to the latest report by IMARC Group, titled "Vanilla and Vanillin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global vanilla and vanillin market is expected to grow at a CAGR of 2.2% and 8.3% respectively during 2021-2026.
Vanilla is a flavoring which is derived from the pods of orchids belonging to the genus 'Vanilla' which has antimicrobial, antioxidant and antimutagenic properties. As a result, vanilla provides anti-aging skin benefits, reduces the rate of mutations in cells and protects the body against bacterial and yeast infections. It is one of the most popular and expensive spices in the world and is used in a variety of chocolate, confections, ice creams and cakes as a flavoring agent. Apart from this, it is also employed as an aromatic additive in the production of perfumes, incense, candles and air fresheners. Vanillin is an aromatic compound which is the primary component of the extract of the vanilla bean. Its taste is almost like that of vanilla, but it is relatively cost-effective. As a result, vanillin is a more preferred choice in the food and beverage industry as compared to vanilla.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Vanilla and Vanillin Market Trends:

Busy schedules and rising disposable incomes have significantly contributed to the rise in the demand for comfort food items such as frozen desserts, cakes and pastries. This, in turn, is increasing the demand for vanilla and vanillin as they form a crucial part in the processing of comfort foods. Since vanilla and vanillin have low-calorie content, they are preferred by health-conscious consumers as well. Moreover, increasing awareness about the health benefits associated with vanilla is influencing consumers to buy vanilla infused cosmetic and personal care products. Furthermore, a rise in the demand for natural vanillin extracts has led to the introduction of bio vanillin. Owing to the aforementioned factors, the market is currently experiencing stable growth.

Competitive Landscape with Key Players:

The competitive landscape of the vanilla and vanillin market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Solvay
• Apple Flavor & Fragrance Group
• Evolva
• Advanced biotech
• Jiaxing Zhonghua Chemical Co., Ltd.

Key Market Segmentation:

The report has segmented the vanilla and vanillin market on the basis of product type, application, raw material, end-use and region.

Breakup by Product Type:

• Madagascar Bourbon,
• Mexican Vanilla,
• Indonesian Vanilla,
• Tahitian Vanilla and

Breakup by Application:

• food and beverages
• cosmetics
• pharmaceuticals

Breakup by Raw Material:

• bean
• lignin
• guaiacol
• rice bran
• clove oil
• pine bark

Breakup by End-Use:

• powder
• paste

Breakup by Region:

• China
• Western Europe
• Other Asia
• United States
• Central/Eastern Europe
• Middle East
• South America
• Others

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.