Vanillin is a fragrant compound which is essential constituent of vanilla. Natural and synthetic vanillin are used in food and beverage products, pharmaceuticals, health & personal care products, and agriculture industry. Vanillin occurs widely in nature both as free vanillin, usually as a glycoside bound to sugar to vanillin bound to the large lignin molecule abundant in wood.
Major factors driving growth of the global vanillin market include increasing adoption in food and beverages products to enhance product sweetness, and rising demand for vanillin in cosmetics specially to add fragrances, and other products such as soaps to improve odour. High demand for vanillin in pharmaceutical industry for production of drugs is another factor expected to contribute growth of the target market over the forecast period. However, strict governments rules for worker’s safety during production procedure of vanillin, which may cause eye irritation, and other infections is a major factor expected to hamper growth of the global vanillin market.
The global vanillin market report has been segmented on the basis of type, end-user, and region. On the basis of type, the global vanillin market is segmented into, synthetic, and bio-based type. Synthetic vanillin accounted for highest revenue share compared to bio-based, owing to high demand in food products, and presence of better fragrance properties as compared to bio-based vanillin.
Among all the end-user vertical segment which include, food & beverage, fragrances, pharmaceuticals, and other. Food and beverages accounted for the highest revenue share of XX.X% as compared to other end-user segments. This can be attributed to increasing disposable incomes, and growing demand for ready-to-eat foods.
Do Inquiry of the Report Here: https://marketresearch.biz/report/vanillin-market/#inquiry
On the basis of region, the global vanillin market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the global vanillin market in terms of revenue, owing to high demand from developing economics such as China, and India in countries in the region. The market in Europe is expected to account for the second-highest revenue share in terms of revenue, which followed by markets in North America, Latin America, and Middle East & Africa.
Key players in this market include Apple Flavor & Fragrance Group Co Ltd., Camlin Fine Sciences Ltd., De Monchy Aromatics Limited, International Flavors & Fragrances, Inc., Ennloys Ltd., Evolva Holding SA, Advanced Biotech. Inc., Omega Ingredients Ltd., and Comax Flavors Corporation.