The Global Vanillin Market is forecast to reach USD 16.67 Billion by 2030. The growing prevalence of food flavoring agents and smell intensifying ingredients in food, medicine, or any other oral consuming as well as surface liniment applications, have continued to propel the market demands of vanillin.
The food & beverage industry is one of the leading and fast-growing consumer products. Vanillin, having used many aspects in this industry, is expected to be in high demand during the projected period. Vanillin has also been proved to a vital additive ingredient used in the pharmaceutical industry.
Top Companies Operating in the Global Vanillin Market:
Apple Flavor & Fragrance Group Co Ltd., International Flavors & Fragrances, Firmenich SA, Camlin Fine Sciences Ltd., BASF SE, Comax Flavors, De Monchy Aromatics, Evolva Holding, Omega Ingredients Ltd., and Conagen.
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Further key findings from the report suggest
- In September 2019, BASF SE acquired Isobionics, a Netherland based leading innovative global creators of natural flavor and fragrance ingredients. By this acquisition, BASF entered the market of natural flavor and fragrance ingredients. The company was able to broaden its product portfolio with the natural ingredients of vanillin.
- In July 2017, Camlin Fine Sciences (CFS) Ltd. signed an agreement with a Chinese flavor & fragrance company Ningbo Wanglong to acquire a 51% stake in Ningbo Wanglong Flavors and Fragrances Company Ltd. (Wanglong) of Yuyao, Zhejiang, China.
- In February 2020, Firmenich SA, a Switzerland based global leader in fragrance & flavor business, bought a majority stake in the French natural ingredients firm Robertet. Firmenich being a renowned firm that sells raw materials of fragrances & flavors to the food & cosmetics industries, is continuously observing the demand for the natural ingredients supply. Firmenich made this deal with the firm Robertet to capture a massive market of the high demanding natural ingredients market.
- Many companies are looking for start-ups of the other companies who have invented newer solutions or formulations to design & process newer use cases. Investment firms are expected to experience a major profit margin upon the investments in the natural materials formulation companies. For instance, BASF is working on advancing its technology for biotech-based aroma ingredients by combining its R&D excellence & its wide market access around the world with the expertise of two firms Isobionics and Conagen to come up with more natural ingredient especially of Vanillin.
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Vanillin Market Segmentation
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
- Natural
- Synthetic
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)
- Food & Beverages
- Fragrances
- Drugs & Pharmaceuticals
- Others
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Vanillin market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Vanillin market.
The global Vanillin market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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