Vanillin Market Revenue, Major Players, Consumer Trends, Analysis & Forecast Till 2027 – IndustryARC

September 17 02:00 2022
Vanillin Market Revenue, Major Players, Consumer Trends, Analysis & Forecast Till 2027 - IndustryARC
Market Research Reports, Business Consulting Services & Analytics
Vanillin Market Size is Estimated to Reach $813.7 Million by 2027 and is Poised to Grow at a CAGR of 6.2% Over Forecast Period of 2022-2027

The Vanillin Market size is estimated to reach $813.7 million by 2027 and is poised to grow at a CAGR of 6.2% over the forecast period of 2022-2027. Vanillin is the next alternative for the commonly used flavoring agents ingredient, vanilla. Vanillin is an organic compound, and most importantly a phenolic aldehyde. It is extracted from the wood pulp and is being extensively used as a close substitute owing to a reduced production cost. Vanilla is extracted from the vanilla beans; however, vanillin is synthetic and is produced by using petrochemicals and other by-products from the paper industry. Additionally, 15% of the world’s overall production of vanillin comes from lignin. Interestingly, manufacturers are now using the said method or product to extract vanillin. Manufacturers using paper would need wood’s cellulose, after which the only useful component is kraft lignin. The oxidation process deeply allows the extraction of vanillin. Moreover, manufacturers claim that the process could deeply lower the carbon footprints as compared to the petrochemical’s counterparts. The robust growth in the end-use industries such as food & beverages, fragrances, cosmetics, and even pharmaceuticals are some of the factors driving the Vanillin Industry forward in the projected period of 2022-2027.

 

Competitive Landscape :

The top 5 players in the Vanillin Industry are –

1. Apple Flavor & Fragrance Group Co Ltd.

2. Camlin Fine Sciences Ltd.

3. De Monchy Aromatics

4. International Flavors & Fragrances

5. Ennloys

 

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Segmental Analysis :

1. The vanillin market based on type can be further segmented into synthetic and bio-based. Synthetic held a dominant market share in the year 2021.

2. The vanillin market based on end-users can be further segmented into Food & Beverages, Pharmaceuticals, Cosmetics, and Others. Food and Beverages held a dominant market share in the year 2021.

3. The vanillin market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World.

 

Report Coverage

Report Attributes

Details

By Type

Synthetic and Bio-Based.

 

By End-User

Food & Beverages, Pharmaceuticals, Cosmetics, and Others.

By Geography

North America, Europe, Asia-Pacific, South America and Rest of World

 

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Market Drivers and Challenges :

1. A rising inclination towards sustainable practices has readily aided the market growth: Lignin, as a source, has been gaining immense market traction over the years.

2. The growing end-users application demand has benefitted the consumption of vanillin as an ingredient: Vanillin has been a popular fragrance ingredient for use in various aromatic products and various other personal care industries.

3. Health-related aspects and unsustainable production practices are some of the factors impeding market growth: Health governing factors have been an impeding factor for the overall market growth, particularly the synthetic segment of vanillin.

 

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Similar Reports :

A. Natural Fragrance Ingredients Market- Forecast (2022-2027)

https://www.industryarc.com/Report/15486/natural-fragrance-ingredients-market.html

B. Vanilla Bean Market- Forecast (2022-2027)

https://www.industryarc.com/Research/Vanilla-Bean-Market-Research-508039

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