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Bio Vanillin Market Size
- Report ID: GMI679
- Published Date: Mar 2023
- Report Format: PDF
Bio Vanillin Market Size
Bio Vanillin Market was valued at USD 25 million in 2023 and is poised to exhibit more than 7.4% CAGR from 2024 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.
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 Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Bio Vanillin Market Size in 2023: | USD 25 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.4% |
| 2032 Value Projection: | USD 49.9 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 481 |
| Segments covered: | Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Bio Vanillin Market Scope
