The global vanillin market is expected to reach USD 724.5 million by 2025,
according to a new report by Grand View Research, Inc. Increasing consumption
of food & beverage products has been a key factor driving market growth,
globally. In addition, robust growth in various end-use industries such as food
& beverage, fragrance, cosmetics, and pharmaceuticals is also fueling the
demand.
Vanillin is an essential aromatic compound
extensively used to enhance the aroma and flavor of the different end-use
products. Vanilla beans constitute pleasant smell, that occurs naturally in
vanilla beans. It is widely used as flavoring agent in food products and
aromatic additives for incense, perfumes, medicines, candles, and air
fresheners. Due to an ability to enhance flavor in food products coupled with
low-calorie content and high availability of antioxidants in vanillin, its
demand from food & beverage segment is anticipated to increase over the
forecast period.
Food & beverage accounted as the
largest end-use segment in 2016 and is anticipated to grow significantly over
the upcoming years. Growing demand for variety food products is encouraging
manufacturers to produce vanillin products from a sustainable source.
Fragrance segment is expected to witness
the fastest growth in terms of volume over the forecast period with an
estimated CAGR of 6.0% from 2017 to 2025. Increasing consumer spending on
beauty and personal care products along with growing usage of aromatic products
in various fragrance application products are anticipated to fuel the growth of
the market over the forecast period. In addition, increasing usage of fragrance
products in the emerging economies such as India, China, the U.S., and Brazil
is expected to increase the demand further.
Full research report on vanillin market analysis:
http://www.grandviewresearch.com/industry-analysis/vanillin-market
http://www.grandviewresearch.com/industry-analysis/vanillin-market
Further key findings from the report suggest:
·
The global vanillin demand was 18,653.9
tons in 2016 and is expected to grow at a CAGR of 6.2% from 2017 to 2025. Food
& beverage emerged as the largest end-use segment in 2016 and is estimated
to generate revenue worth USD 448.5 million by 2025.
·
Global demand in fragrance was USD 106.6
million in 2016 and is anticipated to witness staggered growth over the next
eight years. The U.S. market in pharmaceutical segment was 446.7 tons in 2016
and is estimated to reach a total volume of over 617.7 tons by 2025
·
The industry in Asia Pacific is projected
to witness substantial growth over the next eight years owing to robust growth
in various end-use industries, especially in the food & beverage market. In
terms of revenue, the APAC market is expected to grow at a CAGR of 7.6% from
2017 to 2025
·
Key players including Evolva S.A., Solvay
S.A., International Flavors Fragrances, Inc., De Monchy Aromatics and Comax
Flavors dominated the global market while accounting for over half of the total
volume in 2015
View
more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the global vanillin market on the
basis of end-use, and region:
Vanillin End-use Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
·
Food & Beverage
·
Fragrance
·
Pharmaceutical
Vanillin Regional Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
·
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
View Press Release of this research
report by Grand View Research: https://www.grandviewresearch.com/press-release/global-vanillin-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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