Natural vanillin is popular, and vanilla bean extract may be the fastest growing product segment
Vanillin, also known as vanillin, its chemical name is 3-methoxy-4-hydroxybenzaldehyde, is an organic compound extracted from the vanilla bean of the Rutaceae plant. Vanillin can be divided into two categories: natural vanillin and synthetic vanillin. Among them, the main source of natural vanillin is divided into two ways: vanillin bean extraction and biotechnology synthesis of natural raw materials. Vanillin is widely used in various foods, soaps, toothpastes, perfumes, rubber, plastics, and pharmaceuticals that require flavoring.
Industrial Research Center issued the 2023 Global and Chinese Natural An in-depth research report on the vanillin industry shows that the global natural vanillin market will grow from US$470 million in 2023 to US$760 million in 2027, with a compound annual growth rate of 10.09 %. Vanillin has a wide range of applications, and the demand for natural vanillin is growing as consumers’ sales preference for natural and botanical ingredients increases. At the same time, vanillin is increasingly used in food, and natural vanillin has become one of the important additives in the food industry. These factors are driving the growth of the global market.
Vanilla bean extract is the fastest growing segment among natural sources of vanillin during the forecast period
The vanilla bean extract market segment may grow at a compound annual growth rate of more than 11%, becoming the fastest growing product segment in the market. The main factors for the growth are due to the increasing preference for natural and clean label products and the reduction of synthetic flavors among global food and beverage product consumers. Consumers want food to contain natural ingredients, and this consumption characteristic is becoming more and more obvious. In addition, consumers are increasingly paying attention to the origin, ingredients and production of packaged foods, demanding natural ingredients and more sustainable production methods. These factors have driven the growth of the market size of natural vanillin extracted from vanilla beans.
Asia -Pacific region is the area with the highest growth rate in the market in Natural Corridge
The Asia-Pacific region includes countries and regions such as China, India, Japan, Australia and New Zealand, and other Asia-Pacific regions. Vanilla and its by-products are growing significantly in Asia Pacific due to the growth of the food and beverage industry. Additionally, demand for bakery products is also increasing. Due to changes in lifestyle and consumption habits, consumers are increasingly purchasing products with natural ingredients. Emerging economies such as China and India are the fastest growing markets in the region, and vanilla is the most commonly used flavoring ingredient in various food and beverage applications.
Major players in the global natural vanillin market include: Givaudan (Switzerland), Firmenich SA (Switzerland), Symrise (Germany), Kerry Group plc (Ireland), Solvay (Belgium), International Flavors and Fragrances (United States), Sensient Technologies Corporation (U.S.), McCormick & Company, Inc. (U.S.), Mane (France), and Lesaffre (France). In the Chinese market, there are also some relatively large vanillin manufacturers, but these companies mostly use chemical synthesis for production, such as Zhejiang Jiaxing Zhonghua Chemical Co., Ltd., Jilin Petrochemical Company, etc.
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