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Bio Vanillin Market Share

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

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Bio Vanillin Market Share

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
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.

Authors: Kunal Ahuja, Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The market size of bio vanillin was worth USD 25 million in 2023 and is projected to grow at 7.4% CAGR from 2024 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.