Vanillin Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

Vanillin (4-Hydroxy-2-mythoxy benzaldehyde) is an organic compound that belongs to phenol aldehyde group. Vanilla beans is the largest concentrated natural source of vanillin available followed by Leptates bicolor, Chinese red pines, lychee fruit, and raspberry. Vanillin is produced through three ways i.e. natural, biosynthesis, and chemical synthesis. Natural and chemical synthesis always dominate the global market for vanillin owing to the facts that biosynthesis production method is not well defined and also they possess restricted commercial applications. Vanillin is extensively used in food industry as a flavoring agent for chocolates, ice-creams, candy, biscuits, and cakes. Ethyl vanillin and methyl vanillin are the two types of vanillin. Ethyl vanillin is a stronger flavoring agent as well as is expensive than methyl vanillin. Apart from food industry, vanillin successfully stands for intermediate applications in pharmaceutical and fine chemical industries.

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Use of vanillin as a food additive is approved by authorities worldwide and FDA has granted GRAS status to its use. This is in accordance to the fact that the use of vanillin in consumer products has not reported any confirmed adverse effects over the past few years. An Acceptable Daily Intake (ADI) of 10 mg/kg has been agreed between the FAO/WHO and EU. Excessive intake of vanillin may cause migraine headache and allergic reactions in some cases. Lack of evidences to restrict vanillin consumption as a consumable food additive attracts manufacturers to invest more in global vanillin market. Rising urbanization, high disposal incomes along with improved standard of living, and continuous research to increase techno-commercial benefits are projected to be the key drivers for global vanillin market during the forecast period (2017-2025).

Global Vanillin Market Taxonomy

On the basis of production, global market for vanillin is segmented into:

Natural
Chemical

On the basis of type, global market for vanillin is segmented into:

Ethyl vanillin
Methyl vanillin

On the basis of end use, global market for vanillin is segmented into:

Food
Pharmaceuticals
Fine chemicals

Natural production segment contributes major shares in terms of volume and value due to bulk availability of natural raw materials and higher product yield than chemical segment. Natural vanillin production is expected to continue its dominance over chemical production during the forecast period (2017-2025).

Ethyl vanillin segment is the leading segment in terms of volume followed by methyl vanillin segment. As ethyl vanillin is a stronger agent than methyl vanillin, it is expected that the trend will continue during forecast period (2017-2025).

Food segment holds highest shares in terms of volume and value followed by pharmaceutical segment due to increased urbanization, rising consumer food demand coupled with health awareness. Pharmaceutical segment is expected to grow significantly during forecast period (2017-2025).

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Global Vanillin Market Outlook

Asia Pacific dominated global vanillin market in terms of revenue in 2016 and is expected to continue its dominance throughout the forecast period. Europe is the second largest region to contribute in global vanillin market growth followed by North America. Owing to the presence of a large number of food and pharmaceuticals units, significant growth is expected in Europe during the forecast period. Latin America and Middle East are also expected to witness robust growth in the global vanillin market.

Key Players in Global Vanillin Market

Some of the key players in the global vanillin market are Evolva Holding SA, Solvay SA, Borregaard, Jiaxing Zhonghua Chemical Industry Co., Ltd., Virginia Dare, Shanghai Xinjia, Watkins Natural Gourmet, Zibo Svolei, Liaoning Shixing, Synnova Chemicals, and Prinova Group LLC. In 2013, International Flavors & Fragrances partnered with Evolva Holding for the production of biotechnology-based vanillin. In 2016, Evolva Holding increased its production capacity that helped them to establish a strong global business presence.

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