Vanillin Market

Vanillin Market - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2018-2026
Vanillin (4-Hydroxy-2-mythoxy benzaldehyde) is an organic compound, belonging to
the phenol aldehyde group. Vanilla beans is the largest concentrated natural source
of vanillin, followed by Leptates bicolor, Chinese red pines, lychee fruit, and
raspberry. Vanillin is produced through three ways namely, natural, biosynthesis,
and chemical synthesis. Natural and chemical synthesis are two most important
means of vanillin production. Vanillin is extensively used in the food industry as a
flavoring agent for chocolates, ice-creams, candy, biscuits, and cakes. Ethyl vanillin
and methyl vanillin are the two types of vanillin. Ethyl vanillin is a stronger flavoring
agent as well as is expensive than methyl vanillin. Vanillin is also used in
intermediate applications in the pharmaceuticals and fine chemicals industries.
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Use of vanillin as a food additive is widely approved by authorities such as the FDA,
which has granted GRAS status to its use. The use of vanillin, is not associated with
the any adverse effects or associated with health complications over the past few
decades. This ensures its safety, which is expected to increase the demand for
vanillin globally. An Acceptable Daily Intake (ADI) of 10 mg/kg has been agreed
between the FAO/WHO and EU. Lack of evidences to restrict vanillin consumption
as a consumable food additive, influences a large number of manufacturers to invest
more in global vanillin market. Growing urbanization, improved standard of living,
and continuous research to increase techno-commercial benefits of vanillin are
projected to be key drivers for growth of the global vanillin market during the forecast
period .
Among production type, the natural production segment contributes to major market
share in terms of volume and value due to bulk availability of natural raw materials
and higher product yield than the chemical segment. Natural vanillin production is
expected to retain its dominance over chemical production during the forecast period
(2017-2025).
Among vanillin type, the ethyl vanillin segment is the leading segment in terms of
volume followed by methyl vanillin segment. As ethyl vanillin is a stronger agent than
methyl vanillin.
Among end use, the food segment holds the highest market share in terms of
volume and value, followed by the pharmaceutical segment due to increased
urbanization, rising consumer food demand coupled with health awareness.
Global Vanillin Market Outlook
Asia Pacific holds a dominant position in the global vanillin market in terms of
revenue in 2016 and is expected to retain its dominance throughout the forecast
period. Europe is the second largest region to contribute in global vanillin market
growth, followed by North America. Owing to the presence of a large number of food
and pharmaceuticals units, significant growth is expected in Europe during the
forecast period.
Key Players in Global Vanillin Market
Some of the key players operating in the global vanillin market are Evolva Holding
SA, Solvay SA, Borregaard, Jiaxing Zhonghua Chemical Industry Co., Ltd., Virginia
Dare, Shanghai Xinjia, Watkins Natural Gourmet, Zibo Svolei, Liaoning Shixing,
Synnova Chemicals, and Prinova Group LLC. In 2013, International Flavors &
Fragrances partnered with Evolva Holding for the production of biotechnology-based
vanillin. In 2016, Evolva Holding increased its production capacity that helped them
to establish a strong foothold in the market.
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Asia Pacific holds a dominant position in the global vanillin market in terms of revenue in 2016 and is expected to retain its dominance throughout the forecast period

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