Summary

Vanillin Market Growth & Trends

The global vanillin market size is expected to reach USD 1119.3 million by 2030, registering at a CAGR of 7.5% from 2023 to 2030, 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 a flavoring agent in food products and aromatic additives for incense, perfumes, medicines, candles, and air fresheners. Due to the ability to enhance flavor in food products coupled with low-calorie content and high availability of antioxidants in vanillin, its demand from the 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 various food products is encouraging manufacturers to produce vanillin products from a sustainable source.

The fragrance segment is expected to witness the significant growth in the global market. 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 vanillin market over the forecast period. In addition, increasing usage of fragrance products in emerging economies such as India, China, the U.S., and Brazil is expected to increase the demand further.

Vanillin Market Report Highlights

• The bio-based segment accounted for the largest revenue share of 63.6% in 2022. Rising awareness regarding healthy and natural ingredient functional foods without synthetic preservatives and artificial additives is a key factor likely to encourage the demand for bio-based products.

• The pharmaceutical segment accounted for the largest revenue share of 48.1% in 2022. The segment is expected to grow at the fastest CAGR of 7.6% over the forecast period. There are numerous applications of vanillin as an intermediate chemical as well as an additive in the pharmaceutical sector.

• Asia Pacific dominated the market and accounted for the largest revenue share of 41.2% in 2022. The region is expected to grow at the fastest CAGR of 8.2% during the forecast period owing to the rising demand from the various end-use industries

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Application outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Vanillin Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Vanillin Market Analysis Tools
3.6.1. Industry analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Vanillin : Product Estimates & Trend Analysis
5.1. Vanillin Market: Key Takeaways
5.2. Vanillin Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Synthetic
5.3.1. Synthetic market estimates and forecasts, 2018 to 2030 (USD Million, Tons
5.4. Bio-based
5.4.1. Bio-based market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
Chapter 6. Vanillin : Application Estimates & Trend Analysis
6.1. Vanillin Market: Key Takeaways
6.2. Vanillin Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Food & Beverages
6.3.1. Food & Beverages market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
6.4. Fragrances
6.4.1. Fragrances market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
6.5. Pharmaceuticals
6.5.1. Pharmaceuticals market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
Chapter 7. Vanillin Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Vanillin Market by Region: Key Takeaway
7.3. North America
7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.3.2. U.S.
7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.3.3. Canada
7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.3.4. Mexico
7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.4. Europe
7.4.1. UK
7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.4.2. Germany
7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.4.3. France
7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.4.4. Italy
7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.4.5. Spain
7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.5. Asia Pacific
7.5.1. Japan
7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.5.2. China
7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.5.3. India
7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.5.4. South Korea
7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.6. Latin America
7.6.1. Brazil
7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.6.2. Argentina
7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.7. MEA
7.7.1. Saudi Arabia
7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
7.7.2. South Africa
7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Tons)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
8.2.1. Apple Flavor & Fragrance Group Co Ltd.
8.2.1.1. Company overview
8.2.1.2. Financial performance
8.2.1.3. Product benchmarking
8.2.1.4. Strategic initiatives
8.2.2. Camlin Fine Sciences Ltd.
8.2.2.1. Company overview
8.2.2.2. Financial performance
8.2.2.3. Product benchmarking
8.2.2.4. Strategic initiatives
8.2.3. De Monchy Aromatics
8.2.3.1. Company overview
8.2.3.2. Financial performance
8.2.3.3. Product benchmarking
8.2.3.4. Strategic initiatives
8.2.4. International Flavors & Fragrances
8.2.4.1. Company overview
8.2.4.2. Financial performance
8.2.4.3. Product benchmarking
8.2.4.4. Strategic initiatives
8.2.5. Ennloys
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Product benchmarking
8.2.5.4. Strategic initiatives
8.2.6. Evolva Holding
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Product benchmarking
8.2.6.4. Strategic initiatives
8.2.7. Advanced Biotech
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Product benchmarking
8.2.7.4. Strategic initiatives
8.2.8. Omega Ingredients Ltd.
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Product benchmarking
8.2.8.4. Strategic initiatives
8.2.9. Comax Flavors
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Product benchmarking
8.2.9.4. Strategic initiatives