Global Bio Vanillin Market is segmented By Source (Rice Bran, Wood, Others), By Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, Others), By Region (North America, South America, Europe, Asia Pacific, Middle East & Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Bio Vanillin Market Size
The global bio vanillin market reached USD 33.1 million in 2022 and is projected to witness lucrative growth by reaching up to USD 58.6 million by 2030. The market is growing at a CAGR of 7.2% during the forecast period (2023-2030). The demand for natural flavors in the food and beverage industry is on the rise, driven by consumer preferences for healthier and more sustainable products.
Bio vanillin, being a natural flavor, is driving the bion vanillin market growth. Plant-based diets are gaining traction worldwide, with consumers looking for food products that are not only healthier but also more sustainable. Bio vanillin, derived from natural sources such as vanilla beans, is a popular choice among consumers following plant-based diets which boosts the growth of the bio vanillin market. Bio vanillin is a natural ingredient and a preferred choice for food and beverage manufacturers looking to develop clean-label products, which drives the market growth of the bio vanillin industry.
Bio Vanillin Market Scope
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Metrics |
Details |
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CAGR |
7.2% |
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Size Available for Years |
2021-2030 |
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Forecast Period |
2023-2030 |
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Data Availability |
Value (USD ) |
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Segments Covered |
Source, Application, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Largest Region |
Asia Pacific |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Bio Vanillin Market Dynamics and Trends
Increasing Demand for Bio Vanillin in The Food And Beverages Industry Drives The Market Growth
Increasing demand for bio vanillin in the food and beverages industry drives market growth. According to Statista, China generated the most revenue from the global food market in 2022, with a value of over 1.26 trillion dollars. Bio vanillin helps to increase the aroma and shelf life of the product. Therefore, increasing demand for natural ingredients due to rising consumer awareness about the negative health impact of artificial flavors present in food items represents one of the key factors influencing the market positively.
The High Production Cost of Bio Vanillin Compared to Synthesized Vanillin Hamper The Market Growth
The high production cost of bio vanillin compared to other synthesized vanillin is considered a restraint for the growth of the bio vanillin market. The production of bio vanillin involves complex and time-consuming processes such as fermentation, extraction, and purification, which require a considerable amount of resources, specialized equipment, and skilled labor. On the other hand, synthesized vanillin can be produced using simple chemical reactions and is, therefore, less expensive to produce.
Bio Vanillin Market Segment Analysis
The global bio vanillin market is segmented based on source, application, and region.
The High Content of Ferulic Acid in Rice Bran is Expected to Drive the Segment Growth
Based on source, the bio vanillin market is segmented into rice bran, wood, and others.
In 2021, the rice bran segment had the highest revenue share. Ferulic acid content in rice bran extract (RBE) is 29 mg/g RBE. Ferulic acid is prepared from the waste material of bran rice oil into vanillin and is developed by a combination of fungal strains Aspergillus niger CGMCC0774 and Pycnoporus cinnabarinus CGMCC1115. The research explored local bacterial isolates for vanillin production using rice bran oil waste residues. After screening different bacterial isolates, a novel strain, Enterobacter hormaechei showed significant vanillin production when inoculated in rice bran-based media waste residues.
Source: DataM Intelligence Analysis (2023)
Bio Vanillin Market Geographical Share
Growing Preference for Natural And Organic Flavors in the Asia-Pacific region
In 2022, the Asia Pacific region held the highest growth rate in the global bio vanillin market due to the growing demand for natural and organic flavors in the food and beverage industry. Asia Pacific region is the largest producer of natural vanilla, which is a key raw material used in the production of bio vanillin. For instance, according to TrendEconomy, in 2021, Indonesia exports D 39 million of vanilla. Overall, the Asia Pacific region is leading the market due to its large population, rising disposable income, and growing preference for natural ingredients.
Source: DataM Intelligence Analysis (2023)
Bio Vanillin Market Companies
The major global players in the market include Evolva Holding SA, Solvay SA, Camlin Fine Sciences Ltd., Ennloys, Prinova Group LLC, Conagen, Inc., Apple Flavor & Fragrance Group Co., Ltd., Moellhausen S.P.A., De Monchy Aromatics, and Omega Ingredients Ltd.
COVID-19 Impact on Bio Vanillin Market
COVID-19 Impact
The outbreak of Covid 19 had a significant impact on the food service industry. Sales of bio vanillin suffered the most during the Covid- 19 pandemic due to the closing of specialized stores and other sales channels. Covid 19 badly affected the production of bio vanillin due to the unavailability of raw materials and the interruption of transportation. During a pandemic, import and export of the product are completely closed due to the government's strict regulations. Also, the bio vanillin extract manufacturers stopped production due to a lack of raw materials and transportation interruption due to strict government regulations.
Key Developments
- In September 2022, Solvay Belgium-based producer of chemicals, plastics, and composites, launched new natural vanillin flavors to meet the rising requirements of the food and beverage industry.
- On March 2021, Reinach, to advance and broaden the commercialization of vanillin, Evolva, a Swiss biotech business, negotiated a new partnership agreement with international flavors and fragrancies IFF, a major global producer of taste, fragrance, and nutrition of consumer products
Why Purchase the Report?
- To visualize the global bio-vanillin market segmentation based on source, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of the bio-vanillin market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global bio vanillin market report would provide approximately 53 tables, 48 figures, and 200 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
