This report describes the global market size of Bio Vanillin Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 6.8% from 2023 to 2030.
Ferulic acid, which is found in plants like wheat bran and rice bran as well as tea leaves, is the source of biovanillin. As a result, this substance may soon play a significant role in the replacement of synthetic vanillin.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Bio Vanillin Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 6.8% during the forecast period 2023-2030. North American market for Bio Vanillin Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of XX% during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Bio-Vanillin Market as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Application
Food & Beverage
Fragrance
Cosmetics & Personal Care
Pharmaceuticals
The largest use in 2015, accounting for 65.4% of the total volume, was food & drinks. Over the course of the projected period, it is anticipated that the demand for sweet-tasting food products would increase along with the flavouring of juices becoming more widely used. At USD 30.9 million, fragrances were the second-largest market sector in 2015. Manufacturers have increased research and development efforts to create biovanillin-based fragrances as a result of consumer acceptance of biotechnologically generated fragrances.
By Sources
Rice Bran
Wood
Others
By Downstream Derivative Potential
Vanillyl alcohol
Methoxyhydroquinone
Vanillic acid
By Region
North America
APAC
Europe
South America
Middle East & Africa
In 2015, demand for biovanillin in the Asia Pacific region exceeded 60 tonnes, dominating the global market. As a result of the increased demand for flavours from the bakery and confectionery sector, emerging markets like India, China, Malaysia, Vietnam, and Indonesia are anticipated to play a key role in the development of the industry over the forecast period. The product's key markets in Europe and North America will continue to expand steadily during the projection period, with respective CAGRs of 7.2% and 5.3%. Strong regulatory support is anticipated to be a key element in accelerating growth. Bio vanillin is positioned as a premium product fragment ingredient in beverages, fragrances, and meals in these markets, which will drive growth.
By Company
International Flavors & Fragrances
Solvay S.A
Ennloys
Evolva Holding.
Apple Flavor & Fragrance Group Co Ltd.
Advanced Biotech
De Monchy Aromatics
Omega Ingredients Ltd.
Comax Flavors
Alfrebro, LLC
Please ask for sample pages for full companies list
Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
Any special requirements about this report, please let us know and we can provide custom report.
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