Global Bio-Vanillin Market is expected to reach USD 227.7
million by 2024, according to a new report by Grand View Research, Inc. Bio
vanillin is used in a broad range of applications including food &
beverages, cosmetics, and pharmaceuticals on account of its superior flavor
inducing properties which will result in propelling demand over the forecast
period.
Increasing production through the microbial conversion
process will be a major factor in realizing the full potential of bio vanillin
over the forecast period. This factor will have a positive impact on the
overall market. Its ability to mask the bitter taste in medicines will also
play a significant role in increasing its penetration in the pharmaceutical
sector.
Access Full Research Report on Global Bio Vanillin Market:
http://www.grandviewresearch.com/industry-analysis/bio-vanillin-market
Further key findings from the report suggest:
- Pharmaceuticals
are expected to remain a high potential segment for the product owing to
its increasing application as a flavoring agent in various medicinal
syrups and tablets. It is projected to experience significant volume gains
at a CAGR of 8.3% over the forecast period. Moreover, its non-dispersive
properties make it a viable option for use as an intermediate for
synthesizing pharmaceuticals.
- Fragrances
were the second largest segment and accounted for 24.2% of the global
volume share in 2015. Flavors and fragrances have a broad range of
applications in various industries including cosmetics, detergents,
personal care products, and chemical formulations. Growing consumer
awareness about natural products has also influenced the demand for
natural fragrances.
- Asia
Pacific was the largest market accounting for 37.9% of the global volume
share in 2015. The growth of the food & beverage sector in emerging
economies including China and India has been a primary growth factor for
driving the demand for flavors & fragrances.
- Asia
Pacific was the largest producer of natural vanillin owing to the presence
of vast farmlands of the crop in Malaysia. However, high demand for
vanillin which outpaces the production on account of the presence of
numerous food & beverage and pharmaceutical manufacturers has resulted
in manufacturers looking at alternative methods of increasing production.
Growing demand for biobased products due to their environment friendly
characteristics and properties equivalent to synthetic counterparts has
led to an increasing commercialization and usage of bio vanillin over the
past few years, and the trend is anticipated to continue over the forecast
period.
- Europe
is expected to witness substantial gains over the forecast period on
account of high consumer demand for biobased products. Moreover, the
presence of stringent regulatory framework supporting the use of biobased
products, especially in food & beverages and fragrances, is expected
to propel the demand for bio vanillin in the region over the forecast
period.
- Major
bio vanillin manufacturers include Ennloys, Solvay S.A., Apple Flavor
& Fragrance Group Co Ltd, International Flavors & Fragrances, Inc.
and Evolva Holding. Joint ventures and partnerships are expected to be a
key feature of the market to develop advanced biotechnology.
View More related
reports from same category by Grand View Research: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research
has segmented the Global Bio Vanillin Market by end use and region:
Application Outlook (Volume, Tons; Revenue, USD Million,
2013 - 2024)
- Food
& beverage
- Fragrance
- Pharmaceuticals
Regional Outlook (Volume, Tons; Revenue, USD Million,
2013 - 2024)
- North
America
- U.S.
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Middle
East & Africa (MEA)
Access Press Release on this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-bio-vanillin-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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