Vanillin is a phenolic aldehyde, an organic compound, used as the key component of the vanilla flavor that is extracted from the vanilla pods. Owing to the scarcity and expense of natural vanilla extract, vanillin is produced artificially. Vanillin is widely used as a flavoring agent in food products and aromatic additives for incense, perfumes, medicines, candles, and air fresheners. In addition, it possesses antimicrobial properties, and thus is used in herbicides.
COVID-19 scenario analysis
The COVID-19 pandemic has severely affected the manufacturing sectors across the globe.
Majority of the end products of vanillin such as beverages, perfumes, and cosmetics are not considered as essentials, which has resulted in the steep downfall of sales of these products, thereby decreasing the demand from the end-user industries.
Moreover, restrictions in national and international transport has affected the supply chain of manufacturers operating in the global vanillin market.
The pandemic resulted in an economic slowdown throughout the globe, which resulted in lowering of disposable income. This has further led to decline in demand for vanillin in the global market.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The growth of the vanillin market is driven by its wide array of applications in end-user industries ranging from food & beverages to pharmaceuticals. Robust growth of pharmaceuticals and food & beverages industries across the globe is a major factor, which is expected to encourage the growth of the vanillin market. In addition, rise in demand for vanillin from the bakery and confectionery industries as flavoring agents fuels the growth of the market.
In addition, vanillin acts as a major ingredient in cosmetics and personal care products attributing to its aromatic properties. However, a shift is being witnessed among the consumers toward natural cosmetic products, thus limiting the use of products, which contain chemicals or synthetic ingredients. The major producers in the natural vanillin market are now focusing on the cosmetics and personal care industries and promote their bio-vanillin products accordingly, which enable them to strengthen their market position and improve their sale.
The global vanillin market trends are as follows:
Increase in focus on promoting the use of bio-vanillin
With alarming rise in health hazards associated with artificial substances, the awareness among consumers increases regarding selection of artificial ingredients. Moreover, rise in concerns related to allergies caused due to additives makes it essential for manufacturers to follow labelling regulations to maintain transparency in labelling. Thus, growth of the bio-vanillin market is anticipated to be supported by the imposition of stringent labelling regulations across the globe.
The North America vanillin market has been witnessing significant growth, owing to the development of the pharmaceutical research and manufacturing sectors. Moreover, the growth of this segment is attributed to rise in demand for vanillin from diverse nations of this region.
Key benefits of the report
This study presents the analytical depiction of the global vanillin industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global vanillin market share.
The current market is quantitatively analyzed to highlight the global vanillin market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global vanillin market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the vanillin market research report:
Which are the leading market players active in the vanillin market?
What are the current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What are the projections for the future that would help in taking further strategic steps?
Vanillin Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Application |
|
 By Industry Vertical |
|
 By Region |
|
 Key Market Players | Prinova Group LLP, Solvay SA, Evolva Holding SA, and Merck Group, Camlin Fine Sciences LtdBorregaard,Lesaffre, Advanced Biotech, Aurochemicals |
 | Tanobio, Prinova Group LLC |
Loading Table Of Content...
