Home > Food, Nutrition & Animal Feed > Bio Vanillin Market
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.
To get more details on this report: Request Free Sample PDF
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.
Report Coverage | Details |
---|---|
Base Year: | 2022 |
Market Size in 2022: | USD 22 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 7% |
2032 Value Projection: | USD 49 Million |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 340 |
Tables, Charts & Figures: | 481 |
Segments covered: | Application |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
To get details on how to order this report click here
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.
The bio vanillin market valuation from food and beverages applications is estimated to exceed USD 34 million by 2032. Bio vanillin acts as a prominent vanilla extract alternative, providing similar smell as well as taste of vanilla extract and is hence widely utilised as a flavour compound in foods and beverages. Lately, the rising consumer inclination to healthier lifestyles has spurred the adoption of more sustainable food items that contain less fat, sugar, and artificial additives. Thus, natural vanillin has grown popular as a non-artificial as well as sustainably sourced ingredient in cookies to chocolates to sports nutrition as it helps retain all their properties, including taste, texture, and smell. The increasing consumer preference for natural ingredients in food & beverages formulations will also add to the industry growth.
The ice-cream sub-segment is slated to witness over 8% CAGR through 2032. The growing consumer need for variety of ice creams with a diverse range of flavours will positively influence the demand for bio vanillin. The advent of breakthrough technologies for amplifying the production of vanillin to cater to uses in the ice-cream industry will also compliment the product preference.
To tailor this report to your specific requirements: Customize this Report
Europe bio vanillin market size is expected to reach USD 24 million by 2032, ascribing to the surging government and regulatory support. To cite an instance, Rhovanil® Natural, which adheres to the stringent European Union (EU) flavor regulations is widely used as a natural flavor. The rising shift towards building sustainable food culture in the region has stirred the demand for various innovative ingredients and alternatives. The fast-growing cosmetics sector and the higher deployment of bio-based technologies for product formulations will drive the industry outlook.
Some of the leading companies operating in the bio vanillin market include Evolva, Solvay, Advanced Biotech, Alfrebro, LLC, De Monchy Aromatics, Ennolys, Comax Flavors,Omega Ingredients Ltd., Beijing LYS Chemicals Co., Ltd., and Aurochemicals. These firms are placing targeted efforts on developing innovative as well as efficient products for attracting a wider customer base while amplifying their revenue sales. For instance, Solvay, in September 2022, introduced new natural vanillin flavors to meet the rising requirements of the food and beverage industry. The company also expanded its Rhovanil natural offering with the launch of three new flavors to meet the increasing consumer demand.
The COVID-19 pandemic projected significant impacts on the demand for bio vanillin due to the disrupted supply chains and hampered production processes, driven by the introduction of nationwide lockdowns. However, the growing focus of consumers on boosting their immunity as well as overall health led to the higher popularity of natural and plant-based products. The rising shift towards natural flavorings in foods and beverages to reduce the environmental impacts whilst maintaining personal well-being positively influenced the market revenue.
Click here to buy sections of this report
Market, By Application
The above information has been provided for the following regions and countries: