Vanillin, with the chemical formula C8H8O3, is the world’s most used flavoring agent in food and beverages. It is the vanilla extract alternative that provides a similar smell and taste of vanilla extract. It is both naturally occurring and synthetically produced. According to Gen Consulting Company, the global vanillin market is set to achieve an incremental growth of USD 309.4 million, acelerating at a CAGR of almost 6.6% during the forecast period 2022-2028.
This industry report offers market estimates of the global market, followed by a detailed analysis of the product, application, and region. The global market data on vanillin can be segmented by product: natural vanillin, synthetic vanillin. Vanillin market is further segmented by application: food and beverages, fragrances, pharmaceuticals, others. Among these, the food and beverages segment was accounted for the highest revenue generator in 2021. Based on region, the vanillin market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW).
The global vanillin market is highly competitive. The competitive landscape of the industry has also been examined along with the profiles of the key players Anhui Bayi Chemical Industry Co. Ltd., Borregaard AS, Camlin Fine Sciences Ltd. (Borregaard ASA), Chongqing Thrive Fine Chemicals Co. Ltd., Evolva Holding SA, Jiaxing Zhonghua Chemical Co. Ltd., Lesaffre Yeast Corporation, Liaoning Shixing Pharmaceutical & Chemical Co. Ltd., Ningbo Wanglong Group Co. Ltd., Shanghai Apple Flavor & Fragrance Co. Ltd., Solvay SA.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2021 |
| Forecast Year | 2022-2028 |
| CAGR (2022-2028) | 6.6% |
| Pages | 21 |
| Key Players | Anhui Bayi Chemical Industry Co. Ltd., Borregaard AS, Camlin Fine Sciences Ltd. (Borregaard ASA), Chongqing Thrive Fine Chemicals Co. Ltd., Evolva Holding SA, Jiaxing Zhonghua Chemical Co. Ltd., Lesaffre Yeast Corporation, Liaoning Shixing Pharmaceutical & Chemical Co. Ltd., Ningbo Wanglong Group Co. Ltd., Shanghai Apple Flavor & Fragrance Co. Ltd., Solvay SA |
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