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 (2017-2025).
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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