The
extract of the vanilla bean contains an organic compound, vanillin,
which is used extensively as a flavoring agent across the food
industry to make ice creams, chocolates, biscuits, bread, cakes, and
biscuits. Due to the high demand from the food and beverage industry,
vanillin is chemically synthesized in addition to extracting from the
seed pods of Vanilla
planifolia.
The existing global demand for vanillin is fulfilled majorly through
synthetic vanillin. Apart from its applications in the food industry,
vanillin is also used as a flavoring agent in toothpastes, tobacco,
and other pharmaceutical applications.
The
research report on the global
vanillin market has been segmented on the basis of vanillin type
and geography. The report presents a comprehensive analysis of the
growth of each of the product segments during the forecast period.
Describing
the competitive hierarchy, the report identifies the major players
involved in the vanillin industry, with insights into their financial
standings, product types, and research and development activities. An
analysis of strengths, weaknesses, opportunities, and threats of each
of these companies has been provided in the report.
Overview
of Global Vanillin Market
The
rapid growth of the bakery and confectionary industry worldwide is
expected to drive the growth of the global vanillin market.
Extensively used as a flavoring agent for making cakes, chocolates,
ice creams and beverages, vanillin is expected to be high in demand
in the next six years due to the wide spectrum of its food
applications. The growing demand for flavored toothpaste and tobacco
will further augment the growth of the market. Various other
pharmaceutical applications of vanillin are expected to contribute
towards the market’s growth during the forecast horizon.
On
the basis of product type, the global vanillin market has been
segmented into natural and synthetic vanillin. Natural vanillin is
extracted from the seed pods of Vanilla planifolia. The
harvested pods are cured over several months as the natural green
seed pods lack the vanilla flavor. Chemically, vanillin is
synthesized from guaiacol. The two major forms of vanillin are ethyl
vanillin and methyl vanillin. While ethyl vanillin has a mild flavor
and is in the form of white to slightly yellow colored crystals,
methyl vanillin has a stronger flavor than ethyl vanillin and is one
of the essential synthetic essences.
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Among
the key regions in the global vanillin market, Asia Pacific is
anticipated to be the fastest growing region during the forecast
period. The high potential demand for vanillin from countries such as
Malaysia, Indonesia, Japan, China, India, and Thailand will drive the
growth of this regional market. North America and Europe are also
expected to significantly contribute towards the growth of the
overall vanillin market.
Major
Companies in Global Vanillin Market
Some
of the key players in the global vanillin market are Jiaxing
Zhonghua Chemical Industry Co., Ltd., Solvay SA, Evolva Holding SA,
and Prinova Group LLC. The major manufacturers are focusing on
increasing their production capacities to meet the growing demand for
vanillin. For example, Solvay SA has doubled its natural vanillin
production capacity at its Melle plant since December 2013.
Global
Vanillin Market, by Geography
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key
highlights
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- A clear understanding of the competitive landscape and key product segments
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