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Bio Vanillin Market Size by Application (Food and Beverages {Ice Cream, Chocolate, Confectioneries & Baked Goods, Others} Fragrances, Pharmaceuticals) & Forecast, 2023 – 2032

  • Report ID: GMI679
  • Published Date: Mar 2023
  • Report Format: PDF

Industry Drivers

Bio Vanillin Market size valued at USD 22 million in 2022 and is poised to exhibit more than 7% CAGR from 2023 to 2032.

The rapid advancements in the flavor industry to cater to the rising consumer preferences will positively influence the demand for bio vanillin. In recent years, the growing levels of consumer consciousness pertaining to health and regulatory norms is discouraging the adoption of petrochemical based products, complimenting the interest in bio-based ingredients. The production of bio vanillin deploys renewable processes with microbial biodiversity and does not generate toxic wastes.

Bio Vanillin Market

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The derivation of bio-vanillin from agro wastes for usage in food flavours along with growing deployment of microbial biotransformation for production from agro-industrial byproducts to yield economically benefits has also picked up significant pace. Hence, the rising potentiality of the food & beverages sector and the consequently emerging trend for bio-based products will play a key role in substituting synthetic vanillin, further accelerating the adoption of biotechnologically derived vanillin.

Dearth of stringent regulations & guidelines to restrict product demand

The presence of complex regulatory landscape for the usage of natural flavor ingredients will negatively influence the  bio vanillin market demand. The growing consumer requirements for natural products have contributed to inconsistent regulatory standards in the food and beverage ingredients industry. Though, most regulatory bodies work towards ensuring the safety and quality of the food and beverage ingredients, the lack of universal regulations and guidelines established by these authorities will negatively impact the market growth.

Authors: Kunal Ahuja, Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The market size of bio vanillin was worth USD 22 million in 2022 and is projected to grow at 7% CAGR from 2023 to 2032, due to the rapid advancements in the flavor industry.

The food and beverages applications will cross USD 34 million by the end of 2032, ascribing to the extensively rising demand for flavouring compounds.

The market size of bio vanillin in Europe will exceed USD 24 million by 2032, owing to the surging government and regulatory support in the region.

Evolva, Solvay, Advanced Biotech, Alfrebro, LLC, De Monchy Aromatics, Ennolys, Comax Flavors,Omega Ingredients Ltd., Beijing LYS Chemicals Co., Ltd., and Aurochemicals are some leading industry players.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 21
  • Tables & Figures: 481
  • Countries covered: 15
  • Pages: 340
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