Vanillin Market Insights

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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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.
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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