Natural Vanillin Market

Natural Vanillin Market by Source (Vanilla Bean Extract, Ferulic Acid Synthesis, and Eugenol Synthesis), Application (Food & Beverages, Pharmaceuticals, and Cosmetics & Personal Care), and Region - Global Forecast to 2027

Report Code: FB 8566 Feb, 2023, by marketsandmarkets.com
With a compound annual growth rate (CAGR) of 8.4%, the global natural vanillin market is expected to expand rapidly between 2022 and 2027, from USD 472 million in 2022 to USD 706 million. This rapid growth is a testament to the burgeoning demand for natural and clean-label products in the food, beverage, and pharmaceutical sectors, which has fueled the adoption of natural vanillin as a preferred flavoring agent. Vanillin's versatility as a flavoring and aromatic agent has led to its widespread use in the food industry in developed countries, and its applications have expanded to include the pharmaceutical, personal care, cosmetics, and toiletries industries due to its potential to enhance the sensory experience of various products. As consumers increasingly prioritize natural and sustainable products, the natural vanillin market is poised for continued growth, driven by the rising demand for naturally-derived flavors and ingredients. Increasing consumer awareness of natural and clean-label foods, the demand for natural flavors such as vanilla is witnessing consistent growth during the study period. The US, a fast-growing market for plant-based creamers, is expected to witness a positive demand for natural vanillin during the forecast period. This, coupled with consumers seeking similar flavors in the form of cookies, ice cream, and snacks, increases the demand for natural vanillin.

Natural vanillin, with its origins deeply rooted in the vanilla orchid plant, is a flavoring superstar renowned for its delicate and delightful notes of creaminess, sweetness, and floral aroma, making it a beloved ingredient in the food and beverage industry. It can be sourced by extracting it from vanilla beans or by synthesizing it from lignin found in wood pulp, offering a versatile and sustainable solution for a wide range of product applications, including baked goods, confectionery, and beverages.

Natural Vanillin Market

To know about the assumptions considered for the study, Request for Free Sample Report

Current trends in the natural vanillin market:

  • The demand for natural and clean label ingredients is driving the growth of the natural vanillin market.
  • The rising popularity of plant-based and vegan diets is increasing the demand for natural vanillin.
  • Natural vanillin is used as a key ingredient in fragrances and personal care products.
  • Food manufacturers are increasingly using natural vanillin in their products as a replacement for synthetic vanillin.
  • The use of natural vanillin is in line with the global trend towards sustainable and responsible production practices.

Natural Vanillin Market Dynamics

Demand for cost-effective and sustainable products

The demand for natural vanilla flavors is rising as consumers are highly preferred to plant-based and naturally flavored foods. Natural vanillin is the chemical compound of vanilla that is used as a flavoring agent in all applications. Natural vanillin is extracted from vanilla beans, which is more expensive. To meet consumer demand, manufacturers are producing natural vanillin through cost-effective and sustainable methods such as ferulic acid synthesis and eugenol synthesis, and other sources. Natural vanillin, which is extracted from vanilla beans unable to meet the growing demands of the food and beverage industry. Because vanilla can be grown in only specific climatic conditions and labor extensive (needs hand pollination).

Due to the scarcity and cost of natural vanilla extract, the commercial production of vanillin molecules began by utilizing natural compounds such as rice bran, wood, and clove. For instance, Borregaard offers cost-effective and sustainable vanillin products through wood-based vanillin for different applications such as bakery, caramel, chocolate, and dairy products. Oamic ingredients USA produces natural vanillin through eugenol synthesis derived from sustainably sourced clove oil. It is specially developed through innovative technology to meet the cost-effectiveness and sustainable standards of ex-clove vanillin.

The rising inclination for natural flavors and fragrances in premium products

The growing trend of premiumization will contribute to the growing consumer demand for natural vanillin. Premium products are expected to witness high demand globally in the coming years. Factors contributing to the growing inclination of customers toward premium products include the rising disposable income of people and the growing health consciousness of consumers. In European countries, there is a growing demand for vanilla extract in food & beverages and cosmetics & pharmaceutical products. Increasing consumer demand for organic and natural ingredients in food & beverages on the European market.

France has the second-largest organic food & beverage market in Europe due to the growing demand for healthier and natural food & beverage products. With the increasing risk of toxic and other harmful ingredients used in personal care products, consumers have started preferring bio-based products, especially in the developed countries of Europe and North America. In addition, skin sensitiveness and environmental impact caused as a result of the use of non-synthetic ingredients have increased the demand for natural fragrance ingredients in personal care products. The growing health hazards associated with the use of synthetic products have also encouraged consumers to pay more for less toxic and environmental-friendly products. Consumers are also ready to pay premium amounts for products with natural ingredients. This trend has led fragrance manufacturers to develop naturally sourced products to increase their profit margins.

High cost of raw materials

Vanillin is one of the ingredients which has a wide range of applications including food, beverages, pharmaceuticals, and personal care. Vanillin is largely used in beverages by producers to cut the use of sugar and other artificial sweeteners in their products. According to research by Penn State, adding vanilla to milk-based beverages can reduce the sugar requirement by 30-50%. Vanilla is rare, and the second most expensive spice, due to the extensive labor required to grow the vanilla seed pods.

The overall growing cycle of vanilla pods requires pollination, which is done manually, the workers use a stick to move the pollen-coated part of the flower, called the anther, towards the female part, called the stigma. It takes 600 hand-pollinated blossoms to produce 1 kg of cured beans. Unripe beans are sold at local markets to collectors and curers who then sort, blanch, steam, and dry the beans in the sun. They are then sorted again, dried in the shade, and fermented. The beans are continually evaluated on their aroma and quality. The demand for vanillin has surged with its prices because vanilla vines take years to mature, and natural supplies are insufficient. Extreme weather and exporters who hoard inventory and speculate on further rises have also kept prices high. Furthermore, natural vanillin is used as food ingredients which are also some of the most tested and regulated products in the world. The need for testing and regulatory compliance increases the cost of the R&D process.

Rising end-use application.

There is a rising global demand for new, improved, and application-specific food ingredients in the food industry. New product launches and technological innovations are key strategies adopted by the leading market players in the natural-vanillin market.  For instance, Solvay has added three new natural flavor ingredients “Rhovanil Natural Delica, Alta, and Sublima to the lineup of Rhovanil Natural CW, one of its signature products. With these new solutions, the Group will help the food & beverage industries meet rising customer demands for healthier, safer, tastier, and more natural products, as well as cost-effectively make the conversion to natural.

Rhovanil Natural Delica, Alta, and Sublima are based on Rhovanil Natural CW, the industry standard for natural vanillin demands. Ferulic acid, a naturally occurring substance found in rice bran, is converted into vanillin by this process. For manufacturers of food & beverages around the world, this non-GMO natural vanillin flavor ensures quality and value by balancing taste performance and cost-in-use.

Lack of inconsistency in labeling regulations

Due to strong customer demand, clean and clear labels have evolved from trends to industry standards across the food & beverage market. Customers choose products with all-natural, well-known, straightforward ingredients that are simple to understand. They also want transparency regarding the methods utilized to source and prepare ingredients, as well as their origins. Growing worries about allergies brought on by additional compounds make this need even more important. Hence, the market for natural flavors such as vanilla or vanillin is legally compelled to go by the guidelines established by various regulatory standards. International bodies such as the National Food Safety and Quality Service (SENASA), Canadian Food Inspection Agency (CFIA), US Food and Drug Administration (FDA), World Health Organization (WHO and the Committee on the Environment, Public Health, and Food Safety (EU) among others. These organizations have control over the use of different chemicals and materials used in food processing, directly or indirectly. When deciding whether a flavor is natural, most international organizations take the US's or the EU's lead. The regulatory requirements in the US and the EU are comparable, yet they can differ significantly. For instance, what might be regarded as natural in the United States might not be in Europe which can affect market growth.

North America: Natural Vanillin Market Snapshot

North America dominated the natural vanillin market in 2021, and the market is projected to grow with a CAGR of 8.1% during the forecast period (2022-2027)

North America accounted for the largest share of the global natural vanillin market, with 36.4% in 2021, and is projected to grow at a CAGR of 8.1% during the forecast period. The growth in the region is attributed to increasing demand for clean-label food products and high purchasing power. The US imports major portions of natural vanillin in the global market accounting for 18% of the total share. This is due to the presence of leading food processing companies and the high consumption of natural vanillin.  In addition, According to FAO, in 2021, Mexico is the third leading producer of vanilla beans throughout the world. Almost 70% of vanilla beans produced in Mexico are exported to other countries, where they are processed further into a vanilla extract and other by-products.

Natural Vanillin Market in North America Region

To know about the assumptions considered for the study, download the pdf brochure

A few of the natural vanillin companies in the US include Sensient Technologies Corporation, Prova, McCormick & Company, Inc. IFF, Aurochemicals, Advanced Biotech, Nielsen-Massey, and Comax Flavors.

Key Market Players

The key players in the natural vanillin market include Givaudan (Switzerland), Firmenich SA (Switzerland), Symrise (Germany), Kerry Group plc (Ireland), Solvay (Belgium), International Flavors and Fragrances (US), Sensient Technologies Corporation (US), McCormick & Company, Inc. (US), Mane (France), and Lesaffre (France).

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

Report Metric

Details

Market measurement in 2022

USD 472 million

Financial outlook in 2027

USD 706 million

Progress rate

CAGR of 8.4%

Market size available for years

2022-2027

Base year for estimation

2021

Forecast period

2022-2027

Quantitative units

Value (USD Million) and Volume (Thousand Units)

Report Customization Available

Yes! You can approach us for report customization as per your business needs

Report Coverage & Deliverables

Revenue forecast, company ranking, driving factors, Competitive benchmarking, and analysis

Segments covered

Application, Region, Source

Regional Insight

Europe, North America, South America, Asia Pacific

Key companies profiled

Givaudan (Switzerland), Firmenich SA (Switzerland), Symrise (Germany), Kerry Group plc (Ireland), Solvay (Belgium), International Flavors and Fragrances (US), Sensient Technologies Corporation (US), McCormick & Company, Inc. (US), Mane (France), and Lesaffre (France).

Research coverage


The report segments the natural vanillin market on the basis of source, application, and region. In terms of insights, this report has focused on various levels of analyses - the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global natural vanillin market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
 

This research report categorizes the natural vanillin market, based on source, application, and region.

Target Audience

  • Natural vanillin manufacturers
  • Natural vanillin distributors
  • Academicians and research organizations
  • Processed food manufacturers.
  • Ready-to-eat meal manufacturers.
  • Pharmaceutical manufacturers
  • Cosmetics and personal care manufacturers

Report Scope:

Natural Vanillin Market:

By Source
  • Vanilla Bean Extract
  • Eugenol Synthesis
  • Ferulic acid Synthesis
  • Other Sources
By Application
  • Food & Beverages
    • Bakery & Confectionery
      • Bread
      • Mixes
      • Others (Snack bars, Cereals)
    • Beverages
    • Dairy
      • Ice Cream
      • Yogurt
      • Creamers
      • Other dairy products
    • Other Food & Beverage Products
  • Pharmaceuticals
  • Cosmetics & Personal Care
By Region:
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Recent Developments

  • In December 2022, Mane opened its innovation center in Hyderabad with an investment of Euro 3 million (USD 3.5 million) to explore various categories of flavors and taste end applications. This is strategically located in one of India’s fastest-growing metro cities and is well connected to other parts of the country.
  • In November 2022, Mane opened its new manufacturing facility in Dahej, Gujarat, with an investment of Euro 20 million (USD 23.8 million) to meet the growing demand for flavors and fragrances in India and across the Asia Pacific region.
  • In September 2022, Solvay launched three new flavor ingredients: Rhovanil Natural Delica, Alta, and Sublima, to expand the natural vanillin portfolio for the food & beverage industries. This product launch aims to meet the growing consumer demand for healthier, safer, and tastier natural products.
  • In September 2022, Axxence Aromatic GmbH collaborated with Wageningen Plant Research, the Dutch research institute, to drive research in natural flavor substances. Customers use these substances to develop natural flavors for the food & beverage industry and natural fragrances for the perfume and cosmetics industry.
  • In May 2022, Solvay collaborated with Suanfarma’s Cipan manufacturing site located in Lisbon, Portugal, to develop natural ingredients, such as natural vanillin and Rhovanil Natural CW, for the food, flavor, and fragrance industries.
  • In August 2021, Oamic Ingredients USA a subsidiary of Oamic Biotech Co., Ltd. launched “Ex-clove vanillin,” which is produced by fermentation from eugenol synthesis (Ex-clove). This product is launched to meet the customers looking for environmentally friendly produced products.
  • In December 2020, McCormick & Company, Inc. acquired FONA International, LLC, a manufacturer of clean and natural flavors that provides solutions for various applications, such as food, beverage, and nutritional markets. This acquisition expands flavor growth and strengthens its leadership in clean and natural flavors.
  • In October 2020, Firmenich SA partnered with Authentic Products, a producer and exporter of vanilla beans in Madagascar, to strengthen the sourcing of vanilla. This partnership aims to provide employment opportunities to the youth and improve their livelihoods.
  • In March 2020, International Flavors and Fragrances collaborated with Evolva, a Swiss biotech company, to develop and expand the commercialization of vanillin. This collaboration commits to supporting the increasing consumer demand for health and the environment.
  • In January 2020, Solvay launched Rhovanil Natural to meet the increasing consumer demand for natural ingredients and healthier products.
  • In February 2019, McCormick & Company, Inc. collaborated with IBM Research to develop an AI application for flavor and food product development. This collaboration aims to start a new era of flavor innovation by using AI for product composition.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           FIGURE 1 MARKET SEGMENTATION
           TABLE 1 INCLUSIONS AND EXCLUSIONS
           1.3.1 GEOGRAPHIC SCOPE
                    FIGURE 2 REGIONAL SEGMENTATION
           1.3.2 YEARS CONSIDERED
                    FIGURE 3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
           TABLE 2 USD EXCHANGE RATES, 2018–2021
    1.5 VOLUME UNIT CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 LIMITATIONS 
 
2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA 
           FIGURE 4 NATURAL VANILLIN MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 List of key primary interview participants
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primary interviews
                               FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
                    2.1.2.5 Primary sources
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
                    FIGURE 6 NATURAL VANILLIN MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 1
                    FIGURE 7 NATURAL VANILLIN MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 2
           2.2.2 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 8 NATURAL VANILLIN MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 9 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
           FIGURE 10 ASSUMPTIONS CONSIDERED IN NATURAL VANILLIN MARKET
    2.5 LIMITATIONS 
           FIGURE 11 LIMITATION AND RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 44)
    TABLE 3 NATURAL VANILLIN MARKET SNAPSHOT, 2021 VS. 2027 
    FIGURE 12 NATURAL VANILLIN MARKET SNAPSHOT, BY APPLICATION,  2022 VS. 2027 (USD MILLION) 
    FIGURE 13 NATURAL VANILLIN MARKET SNAPSHOT, BY SOURCE,  2022 VS. 2027 (USD MILLION) 
    FIGURE 14 NATURAL VANILLIN MARKET SHARE AND GROWTH RATE, BY REGION 
 
4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE OPPORTUNITIES IN NATURAL VANILLIN MARKET 
           FIGURE 15 GROWING DEMAND FOR NATURAL FOOD INGREDIENTS TO FUEL GROWTH OF NATURAL VANILLIN MARKET
    4.2 NATURAL VANILLIN MARKET: GROWTH RATE OF MAJOR REGIONAL SUBMARKETS 
           FIGURE 16 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR NATURAL VANILLIN DURING FORECAST PERIOD
    4.3 ASIA PACIFIC: NATURAL VANILLIN MARKET, BY SOURCE  AND COUNTRY 
           FIGURE 17 CHINA TO ACCOUNT FOR LARGEST SHARES IN ASIA PACIFIC MARKET IN 2022
    4.4 NATURAL VANILLIN MARKET, BY SOURCE 
           FIGURE 18 FERULIC ACID SYNTHESIS SEGMENT TO DOMINATE NATURAL VANILLIN MARKET DURING FORECAST PERIOD
    4.5 NATURAL VANILLIN MARKET, BY APPLICATION 
           FIGURE 19 FOOD & BEVERAGES SEGMENT TO DOMINATE NATURAL VANILLIN MARKET DURING FORECAST PERIOD
    4.6 NATURAL VANILLIN MARKET, BY REGION 
           FIGURE 20 NORTH AMERICA TO DOMINATE NATURAL VANILLIN MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 21 NATURAL VANILLIN MARKET: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for natural and clean-label ingredients
                               FIGURE 22 US: CONSUMER PREFERENCE FOR CLEAN-LABEL PRODUCTS AND INGREDIENTS, 2021
                    5.2.1.2 Rising inclination for natural flavors and fragrances in premium products
                    5.2.1.3 Demand for cost-effective and sustainable products
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of raw materials
                    5.2.2.2 Fluctuation in raw material supply and trade worldwide
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Suppliers seeking to increase production quantity of natural vanillin
                    5.2.3.2 Rising end-use applications
           5.2.4 CHALLENGES
                    5.2.4.1 Inconsistency in labeling regulations
 
6 INDUSTRY TRENDS (Page No. - 59)
    6.1 INTRODUCTION 
    6.2 TRENDS IMPACTING CUSTOMERS’ BUSINESSES 
    6.3 TRADE ANALYSIS 
           TABLE 4 TOP TEN EXPORTERS AND IMPORTERS OF VANILLA, 2021 (USD THOUSAND)
           TABLE 5 TOP TEN EXPORTERS AND IMPORTERS OF VANILLA, 2021 (METRIC TON)
    6.4 VALUE CHAIN ANALYSIS 
           6.4.1 RESEARCH AND PRODUCT DEVELOPMENT
           6.4.2 RAW MATERIAL SOURCING
           6.4.3 PRODUCTION & PROCESSING
           6.4.4 CERTIFICATIONS/REGULATORY BODIES
           6.4.5 MARKETING & SALES
                    FIGURE 23 VALUE CHAIN ANALYSIS OF NATURAL VANILLIN MARKET
    6.5 MARKET MAPPING AND ECOSYSTEM 
           TABLE 6 NATURAL VANILLIN MARKET: ECOSYSTEM
           FIGURE 24 NATURAL VANILLIN MARKET: ECOSYSTEM MAP
           6.5.1 SUPPLY SIDE
                    6.5.1.1 Natural vanillin manufacturers
                    6.5.1.2 Raw material providers
           6.5.2 DEMAND SIDE
                    6.5.2.1 Distributors and suppliers
                    6.5.2.2 End-use processing companies
    6.6 PRICING ANALYSIS 
           TABLE 7 NATURAL VANILLIN MARKET: PRICES OF INGREDIENTS
    6.7 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 8 NATURAL VANILLIN MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 25 NATURAL VANILLIN MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.7.1 THREAT OF NEW ENTRANTS
           6.7.2 THREAT OF SUBSTITUTES
           6.7.3 BARGAINING POWER OF SUPPLIERS
           6.7.4 BARGAINING POWER OF BUYERS
           6.7.5 INTENSITY OF COMPETITIVE RIVALRY
    6.8 TECHNOLOGY ANALYSIS 
           6.8.1 ELECTROCHEMICAL TECHNOLOGY TO PRODUCE VANILLIN
           6.8.2 BIO-TECHNOLOGY-BASED APPROACH TO PRODUCE VANILLIN
    6.9 PATENT ANALYSIS 
           FIGURE 26 ANNUAL NUMBER OF PATENTS GRANTED FOR NATURAL VANILLIN (2012–2022)
           FIGURE 27 NUMBER OF PATENTS GRANTED FOR NATURAL VANILLIN, BY YEAR AND REGION (2019–2022)
           TABLE 9 LIST OF MAJOR PATENTS PERTAINING TO NATURAL VANILLIN, 2021–2022
    6.10 KEY CONFERENCES & EVENTS IN 2022–2023 
           TABLE 10 NATURAL VANILLIN MARKET: KEY CONFERENCES & EVENTS, 2022–2023
    6.11 REGULATORY LANDSCAPE 
           6.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           6.11.2 NORTH AMERICA
                    6.11.2.1 US
                    6.11.2.2 CANADA
           6.11.3 EUROPE
           6.11.4 ASIA PACIFIC
                    6.11.4.1 India
                    6.11.4.2 China
           6.11.5 ROW
    6.12 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 28 INFLUENCE OF STAKEHOLDERS ON BUYING NATURAL VANILLIN FOR VARIOUS APPLICATIONS
                    TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR NATURAL VANILLIN
                    FIGURE 29 KEY BUYING CRITERIA FOR VARIOUS APPLICATIONS
                    TABLE 13 KEY BUYING CRITERIA FOR TOP APPLICATIONS
    6.13 CASE STUDY 
                    TABLE 14 CASE STUDY: PREPARATION OF NATURAL VANILLIN FROM FERULIC ACID USING FERMENTATION PROCESS
    6.14 MACRO INDICATORS OF RECESSION 
                    FIGURE 30 INDICATORS OF RECESSION
                    FIGURE 31 GLOBAL INFLATION RATES, 2011–2021
                    FIGURE 32 GLOBAL GDP, 2011–2021 (USD TRILLION)
                    FIGURE 33 GLOBAL FOOD INGREDIENTS MARKET: EARLIER FORECAST VS. RECESSION FORECAST, 2023 (USD BILLION)
                    FIGURE 34 RECESSION INDICATORS AND THEIR IMPACT ON NATURAL VANILLIN MARKET
                    FIGURE 35 GLOBAL NATURAL VANILLIN MARKET: EARLIER FORECAST VS RECESSION FORECAST, 2023 (USD BILLION)
 
7 NATURAL VANILLIN MARKET, BY SOURCE (Page No. - 86)
    7.1 INTRODUCTION 
           FIGURE 36 NATURAL VANILLIN MARKET, BY SOURCE, 2022 VS. 2027 (USD MILLION)
           TABLE 15 NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
           TABLE 16 NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
           TABLE 17 NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (METRIC TON)
           TABLE 18 NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (METRIC TON)
    7.2 VANILLA BEAN EXTRACT 
           7.2.1 INCREASING DEMAND FOR NATURAL INGREDIENTS AND ETHICAL PRODUCTION METHODS TO DRIVE MARKET
                    TABLE 19 VANILLA BEAN EXTRACT: NATURAL VANILLIN MARKET, BY REGION,  2018–2021 (USD MILLION)
                    TABLE 20 VANILLA BEAN EXTRACT: NATURAL VANILLIN MARKET, BY REGION,  2022–2027 (USD MILLION)
    7.3 EUGENOL SYNTHESIS 
           7.3.1 TRANSPARENCY REGARDING ORIGINS AND PROCUREMENT OF INGREDIENTS TO DRIVE MARKET
                    TABLE 21 EUGENOL SYNTHESIS: NATURAL VANILLIN MARKET, BY REGION,  2018–2021 (USD MILLION)
                    TABLE 22 EUGENOL SYNTHESIS: NATURAL VANILLIN MARKET, BY REGION,  2022–2027 (USD MILLION)
    7.4 FERULIC ACID SYNTHESIS 
           7.4.1 GROWING DEMAND FOR CLEAN “NATURAL FLAVOR” LABELS TO PROPEL MARKET GROWTH
                    TABLE 23 FERULIC ACID SYNTHESIS: NATURAL VANILLIN MARKET, BY REGION,  2018–2021 (USD MILLION)
                    TABLE 24 FERULIC ACID SYNTHESIS: NATURAL VANILLIN MARKET, BY REGION,  2022–2027 (USD MILLION)
    7.5 OTHER SOURCES 
           TABLE 25 OTHER SOURCES: NATURAL VANILLIN MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 26 OTHER SOURCES: NATURAL VANILLIN MARKET, BY REGION, 2022–2027 (USD MILLION)
 
8 NATURAL VANILLIN MARKET, BY APPLICATION (Page No. - 93)
    8.1 INTRODUCTION 
           FIGURE 37 NATURAL VANILLIN MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION)
           TABLE 27 NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 28 NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    8.2 FOOD & BEVERAGES 
           8.2.1 INCREASING DEMAND FOR HEALTHIER FOODS AND NATURAL INGREDIENTS TO ESCALATE MARKET
                    TABLE 29 FOOD & BEVERAGES: NATURAL VANILLIN MARKET, BY REGION,  2018–2021 (USD MILLION)
                    TABLE 30 FOOD & BEVERAGES: NATURAL VANILLIN MARKET, BY REGION,  2022–2027 (USD MILLION)
           8.2.2 BAKERY & CONFECTIONERY
                    8.2.2.1 Bread
                    8.2.2.2 Mixes
                    8.2.2.3 Other bakery & confectionery products
           8.2.3 BEVERAGES
                    8.2.3.1 Dairy alternatives
                    8.2.3.2 Flavored milk
                    8.2.3.3 RTD beverages
                    8.2.3.4 Other beverages
           8.2.4 DAIRY
                    8.2.4.1 Ice cream
                    8.2.4.2 Yogurt
                    8.2.4.3 Creamers
                    8.2.4.4 Other dairy products
           8.2.5 OTHER FOOD & BEVERAGE PRODUCTS
    8.3 PHARMACEUTICALS 
           8.3.1 INCREASING USE OF NATURAL VANILLIN IN PHARMACEUTICALS TO ENHANCE TASTE OF DRUGS AND OTHER MEDICINES
                    TABLE 31 PHARMACEUTICALS: NATURAL VANILLIN MARKET, BY REGION,  2018–2021 (USD MILLION)
                    TABLE 32 PHARMACEUTICALS: NATURAL VANILLIN MARKET, BY REGION,  2022–2027 (USD MILLION)
    8.4 COSMETICS & PERSONAL CARE 
           8.4.1 INCREASING USE OF NATURAL AND SUSTAINABLE PRODUCTS DUE TO THEIR FUNCTIONAL PROPERTIES TO DRIVE MARKET
                    TABLE 33 COSMETICS & PERSONAL CARE: NATURAL VANILLIN MARKET, BY REGION,  2018–2021 (USD MILLION)
                    TABLE 34 COSMETICS & PERSONAL CARE: NATURAL VANILLIN MARKET, BY REGION,  2022–2027 (USD MILLION)
 
9 NATURAL VANILLIN MARKET, BY REGION (Page No. - 103)
    9.1 INTRODUCTION 
           FIGURE 38 NORTH AMERICA TO LEAD NATURAL VANILLIN MARKET IN 2021
           TABLE 35 NATURAL VANILLIN MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 36 NATURAL VANILLIN MARKET, BY REGION, 2022–2027 (USD MILLION)
           TABLE 37 NATURAL VANILLIN MARKET, BY REGION, 2018–2021 (METRIC TON)
           TABLE 38 NATURAL VANILLIN MARKET, BY REGION, 2022–2027 (METRIC TON)
    9.2 NORTH AMERICA 
           FIGURE 39 NORTH AMERICA: NATURAL VANILLIN MARKET SNAPSHOT
           TABLE 39 NORTH AMERICA: NATURAL VANILLIN MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 40 NORTH AMERICA: NATURAL VANILLIN MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 41 NORTH AMERICA: NATURAL VANILLIN MARKET, BY COUNTRY, 2018–2021 (METRIC TON)
           TABLE 42 NORTH AMERICA: NATURAL VANILLIN MARKET, BY COUNTRY, 2022–2027 (METRIC TON)
           TABLE 43 NORTH AMERICA: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
           TABLE 44 NORTH AMERICA: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
           TABLE 45 NORTH AMERICA: NATURAL VANILLIN MARKET, BY APPLICATION,  2018–2021 (USD MILLION)
           TABLE 46 NORTH AMERICA: NATURAL VANILLIN MARKET, BY APPLICATION,  2022–2027 (USD MILLION)
           9.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
           9.2.2 US
                    9.2.2.1 Increasing use of natural vanillin in various industrial applications to drive market
                               TABLE 47 US: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 48 US: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 49 US: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 50 US: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.2.3 CANADA
                    9.2.3.1 Rise in health concerns among consumers to drive market
                               TABLE 51 CANADA: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 52 CANADA: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 53 CANADA: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 54 CANADA: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.2.4 MEXICO
                    9.2.4.1 Production of high-quality vanilla beans to propel market growth
                               TABLE 55 MEXICO: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 56 MEXICO: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 57 MEXICO: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 58 MEXICO: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    9.3 EUROPE 
           TABLE 59 EUROPE: NATURAL VANILLIN MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 60 EUROPE: NATURAL VANILLIN MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 61 EUROPE: NATURAL VANILLIN MARKET, BY COUNTRY, 2018–2021 (METRIC TON)
           TABLE 62 EUROPE: NATURAL VANILLIN MARKET, BY COUNTRY, 2022–2027 (METRIC TON)
           TABLE 63 EUROPE: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
           TABLE 64 EUROPE: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
           TABLE 65 EUROPE: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 66 EUROPE: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.3.1 EUROPE: RECESSION IMPACT ANALYSIS
           9.3.2 FRANCE
                    9.3.2.1 Increase in application of natural extracts in food and cosmetic industries to boost market growth
                               TABLE 67 FRANCE: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 68 FRANCE: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 69 FRANCE: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 70 FRANCE: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.3.3 GERMANY
                    9.3.3.1 Rising consumer acceptance of high-quality natural ingredients to drive market
                               TABLE 71 GERMANY: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 72 GERMANY: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 73 GERMANY: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 74 GERMANY: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.3.4 SPAIN
                    9.3.4.1 Increasing use of natural flavors to propel market growth
                               TABLE 75 SPAIN: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 76 SPAIN: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 77 SPAIN: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 78 SPAIN: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.3.5 ITALY
                    9.3.5.1 Changing consumer preferences and busier lifestyles to drive market
                               TABLE 79 ITALY: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 80 ITALY: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 81 ITALY: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 82 ITALY: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.3.6 UK
                    9.3.6.1 Rising demand for natural products to boost market growth
                               TABLE 83 UK: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 84 UK: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 85 UK: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 86 UK: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.3.7 REST OF EUROPE
                    TABLE 87 REST OF EUROPE: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                    TABLE 88 REST OF EUROPE: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                    TABLE 89 REST OF EUROPE: NATURAL VANILLIN MARKET, BY APPLICATION,  2018–2021 (USD MILLION)
                    TABLE 90 REST OF EUROPE: NATURAL VANILLIN MARKET, BY APPLICATION,  2022–2027 (USD MILLION)
    9.4 ASIA PACIFIC 
           TABLE 91 ASIA PACIFIC: NATURAL VANILLIN MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 92 ASIA PACIFIC: NATURAL VANILLIN MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 93 ASIA PACIFIC: NATURAL VANILLIN MARKET, BY COUNTRY, 2018–2021 (METRIC TON)
           TABLE 94 ASIA PACIFIC: NATURAL VANILLIN MARKET, BY COUNTRY, 2022–2027 (METRIC TON)
           TABLE 95 ASIA PACIFIC: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
           TABLE 96 ASIA PACIFIC: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
           TABLE 97 ASIA PACIFIC: NATURAL VANILLIN MARKET, BY APPLICATION,  2018–2021 (USD MILLION)
           TABLE 98 ASIA PACIFIC: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
           9.4.2 CHINA
                    9.4.2.1 Presence of large suppliers to drive market
                               TABLE 99 CHINA: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 100 CHINA: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 101 CHINA: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 102 CHINA: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.4.3 INDIA
                    9.4.3.1 Increasing consumption of organic products to drive market
                               TABLE 103 INDIA: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 104 INDIA: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 105 INDIA: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 106 INDIA: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.4.4 JAPAN
                    9.4.4.1 Rise in consumption of healthy and organic foods to propel market growth
                               TABLE 107 JAPAN: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 108 JAPAN: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 109 JAPAN: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 110 JAPAN: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.4.5 AUSTRALIA & NEW ZEALAND
                    9.4.5.1 Increase in opportunities for natural vanillin due to expansion of new markets to boost market growth
                               TABLE 111 AUSTRALIA & NEW ZEALAND: NATURAL VANILLIN MARKET, BY SOURCE,  2018–2021 (USD MILLION)
                               TABLE 112 AUSTRALIA & NEW ZEALAND: NATURAL VANILLIN MARKET, BY SOURCE,  2022–2027 (USD MILLION)
                               TABLE 113 AUSTRALIA & NEW ZEALAND: NATURAL VANILLIN MARKET, BY APPLICATION,  2018–2021 (USD MILLION)
                               TABLE 114 AUSTRALIA & NEW ZEALAND: NATURAL VANILLIN MARKET, BY APPLICATION,  2022–2027 (USD MILLION)
           9.4.6 REST OF ASIA PACIFIC
                    TABLE 115 REST OF ASIA PACIFIC: NATURAL VANILLIN MARKET, BY SOURCE,  2018–2021 (USD MILLION)
                    TABLE 116 REST OF ASIA PACIFIC: NATURAL VANILLIN MARKET, BY SOURCE,  2022–2027 (USD MILLION)
                    TABLE 117 REST OF ASIA PACIFIC: NATURAL VANILLIN MARKET, BY APPLICATION,  2018–2021 (USD MILLION)
                    TABLE 118 REST OF ASIA PACIFIC: NATURAL VANILLIN MARKET, BY APPLICATION,  2022–2027 (USD MILLION)
    9.5 ROW 
           TABLE 119 ROW: NATURAL VANILLIN MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 120 ROW: NATURAL VANILLIN MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 121 ROW: NATURAL VANILLIN MARKET, BY COUNTRY, 2018–2021 (METRIC TON)
           TABLE 122 ROW: NATURAL VANILLIN MARKET, BY COUNTRY, 2022–2027 (METRIC TON)
           TABLE 123 ROW: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
           TABLE 124 ROW: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
           TABLE 125 ROW: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 126 ROW: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.5.1 ROW: RECESSION IMPACT ANALYSIS
           9.5.2 BRAZIL
                    9.5.2.1 Increased demand for cosmetics and personal care products to fuel need for natural vanillin
                               TABLE 127 BRAZIL: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 128 BRAZIL: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 129 BRAZIL: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 130 BRAZIL: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.5.3 COLOMBIA
                    9.5.3.1 Increasing demand for healthy and ethnic food ingredients to propel market growth
                               TABLE 131 COLOMBIA: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 132 COLOMBIA: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 133 COLOMBIA: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 134 COLOMBIA: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.5.4 REST OF SOUTH AMERICA
                    TABLE 135 REST OF SOUTH AMERICA: NATURAL VANILLIN MARKET, BY SOURCE,  2018–2021 (USD MILLION)
                    TABLE 136 REST OF SOUTH AMERICA: NATURAL VANILLIN MARKET, BY SOURCE,  2022–2027 (USD MILLION)
                    TABLE 137 REST OF SOUTH AMERICA: NATURAL VANILLIN MARKET, BY APPLICATION,  2018–2021 (USD MILLION)
                    TABLE 138 REST OF SOUTH AMERICA: NATURAL VANILLIN MARKET, BY APPLICATION,  2022–2027 (USD MILLION)
           9.5.5 MIDDLE EAST
                    9.5.5.1 Changing consumer lifestyles and rising disposable incomes to enhance demand for natural vanillin market
                               TABLE 139 MIDDLE EAST: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 140 MIDDLE EAST: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 141 MIDDLE EAST: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 142 MIDDLE EAST: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           9.5.6 AFRICA
                    9.5.6.1 Increasing vanilla production and awareness of clean labels to contribute toward market growth
                               TABLE 143 AFRICA: NATURAL VANILLIN MARKET, BY SOURCE, 2018–2021 (USD MILLION)
                               TABLE 144 AFRICA: NATURAL VANILLIN MARKET, BY SOURCE, 2022–2027 (USD MILLION)
                               TABLE 145 AFRICA: NATURAL VANILLIN MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                               TABLE 146 AFRICA: NATURAL VANILLIN MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
 
10 COMPETITIVE LANDSCAPE (Page No. - 148)
     10.1 OVERVIEW 
     10.2 MARKET EVALUATION FRAMEWORK 
               FIGURE 40 MARKET EVALUATION FRAMEWORK, JANUARY 2019–JANUARY 2023
     10.3 MARKET SHARE ANALYSIS, 2021 
               TABLE 147 NATURAL VANILLIN MARKET SHARE ANALYSIS, 2021
     10.4 REVENUE ANALYSIS OF KEY PLAYERS 
               FIGURE 41 TOTAL REVENUE ANALYSIS OF KEY PLAYERS IN MARKET,  2017–2021 (USD BILLION)
     10.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 
             10.5.1 STARS
             10.5.2 PERVASIVE PLAYERS
             10.5.3 EMERGING LEADERS
             10.5.4 PARTICIPANTS
                       FIGURE 42 NATURAL VANILLIN MARKET, COMPANY EVALUATION QUADRANT, 2021
             10.5.5 COMPETITIVE BENCHMARKING
                       TABLE 148 NATURAL VANILLIN MARKET: SOURCE FOOTPRINT
                       TABLE 149 NATURAL VANILLIN MARKET: APPLICATION FOOTPRINT
                       TABLE 150 COMPANY REGIONAL FOOTPRINT
                       TABLE 151 OVERALL COMPANY FOOTPRINT
             10.6 NATURAL VANILLIN MARKET, OTHER PLAYERS EVALUATION QUADRANT, 2021
             10.6.1 PROGRESSIVE COMPANIES
             10.6.2 STARTING BLOCKS
             10.6.3 RESPONSIVE COMPANIES
             10.6.4 DYNAMIC COMPANIES
                       FIGURE 43 NATURAL VANILLIN MARKET: COMPANY EVALUATION QUADRANT,  2021 (OTHER PLAYERS)
             10.6.5 COMPETITIVE BENCHMARKING OF OTHER PLAYERS
                       TABLE 152 NATURAL VANILLIN: COMPETITIVE BENCHMARKING OF OTHER PLAYERS
     10.7 COMPETITIVE SCENARIO 
             10.7.1 PRODUCT LAUNCHES
                       TABLE 153 NATURAL VANILLIN MARKET: PRODUCT LAUNCHES, (2020–2022)
             10.7.2 DEALS
            TABLE 154 NATURAL VANILLIN MARKET: DEALS, 2019–2022
             10.7.3 OTHER DEVELOPMENTS
                       TABLE 155 NATURAL VANILLIN MARKET: OTHER DEVELOPMENTS, 2022
 
11 COMPANY PROFILES (Page No. - 161)
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
     11.1 KEY PLAYERS 
             11.1.1 GIVAUDAN
                       TABLE 156 GIVAUDAN: BUSINESS OVERVIEW
                       FIGURE 44 GIVAUDAN: COMPANY SNAPSHOT
                       TABLE 157 GIVAUDAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.2 FIRMENICH SA
                       TABLE 158 FIRMENICH SA: BUSINESS OVERVIEW
                       FIGURE 45 FIRMENICH SA: COMPANY SNAPSHOT
                       TABLE 159 FIRMENICH SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 160 FIRMENICH SA: DEALS
             11.1.3 SYMRISE
                       TABLE 161 SYMRISE: BUSINESS OVERVIEW
                       FIGURE 46 SYMRISE: COMPANY SNAPSHOT
                       TABLE 162 SYMRISE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.4 KERRY GROUP
                       TABLE 163 KERRY GROUP: BUSINESS OVERVIEW
                       FIGURE 47 KERRY GROUP: COMPANY SNAPSHOT
                       TABLE 164 KERRY GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.5 SENSIENT TECHNOLOGIES CORPORATION
                       TABLE 165 SENSIENT TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW
                       FIGURE 48 SENSIENT TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
                       TABLE 166 SENSIENT TECHNOLOGIES CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 167 SENSIENT TECHNOLOGIES CORPORATION: PRODUCT LAUNCHES
             11.1.6 MANE
                       TABLE 168 MANE: BUSINESS OVERVIEW
                       TABLE 169 MANE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 170 MANE: OTHER DEVELOPMENTS
             11.1.7 PROVA
                       TABLE 171 PROVA: BUSINESS OVERVIEW
                       TABLE 172 PROVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.8 MCCORMICK & COMPANY, INC.
                       TABLE 173 MCCORMICK & COMPANY, INC.: BUSINESS OVERVIEW
                       FIGURE 49 MCCORMICK & COMPANY, INC.: COMPANY SNAPSHOT
                       TABLE 174 MCCORMICK & COMPANY, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 175 MCCORMICK & COMPANY, INC.: DEALS
             11.1.9 INTERNATIONAL FLAVORS AND FRAGRANCES
                       TABLE 176 INTERNATIONAL FLAVORS AND FRAGRANCES: BUSINESS OVERVIEW
                       FIGURE 50 INTERNATIONAL FLAVORS AND FRAGRANCES: COMPANY SNAPSHOT
                       TABLE 177 INTERNATIONAL FLAVORS AND FRAGRANCES: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
                       TABLE 178 INTERNATIONAL FLAVORS AND FRAGRANCES: DEALS
             11.1.10 SOLVAY
                       TABLE 179 SOLVAY: BUSINESS OVERVIEW
                       FIGURE 51 SOLVAY: COMPANY SNAPSHOT
                       TABLE 180 SOLVAY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 181 SOLVAY: PRODUCT LAUNCHES
                       TABLE 182 SOLVAY: DEALS
             11.1.11 LESAFFRE
                       TABLE 183 LESAFFRE: BUSINESS OVERVIEW
                       TABLE 184 LESAFFRE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.12 AUROCHEMICALS
                       TABLE 185 AUROCHEMICALS: BUSINESS OVERVIEW
                       TABLE 186 AUROCHEMICALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.13 ADVANCED BIOTECH
                       TABLE 187 ADVANCED BIOTECH: BUSINESS OVERVIEW
                       TABLE 188 ADVANCED BIOTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.14 OAMIC BIOTECH CO., LTD.
                       TABLE 189 OAMIC BIOTECH CO., LTD.: BUSINESS OVERVIEW
                       TABLE 190 OAMIC BIOTECH CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.15 AXXENCE AROMATIC GMBH
                       TABLE 191 AXXENCE AROMATIC GMBH: BUSINESS OVERVIEW
                       TABLE 192 AXXENCE AROMATIC GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 193 AXXENCE AROMATIC GMBH: DEALS
             11.1.16 MOELLHAUSEN SPA
                       TABLE 194 MOELLHAUSEN SPA: BUSINESS OVERVIEW
                       TABLE 195 MOELLHAUSEN SPA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.17 NIELSEN-MASSEY VANILLAS, INC.
                       TABLE 196 NIELSEN-MASSEY VANILLAS, INC.: BUSINESS OVERVIEW
                       TABLE 197 NIELSEN-MASSEY VANILLAS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.18 APPLE FLAVOR AND FRAGRANCE GROUP CO., LTD.
                       TABLE 198 APPLE FLAVOR AND FRAGRANCE GROUP CO., LTD.: BUSINESS OVERVIEW
                       TABLE 199 APPLE FLAVOR AND FRAGRANCES GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.19 FUJIAN YONG’AN ZHIYUAN BIOCHEMICAL CO., LTD.
                       TABLE 200 FUJIAN YONG’AN ZHIYUAN BIOCHEMICAL CO., LTD.: BUSINESS OVERVIEW
                       TABLE 201 FUJIAN YONG’AN ZHIYUAN BIOCHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.20 COMAX FLAVORS
                       TABLE 202 COMAX FLAVORS: BUSINESS OVERVIEW
                       TABLE 203 COMAX FLAVORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
 
12 ADJACENT AND RELATED MARKETS (Page No. - 201)
     12.1 INTRODUCTION 
               TABLE 204 ADJACENT MARKETS TO NATURAL VANILLIN MARKET
     12.2 LIMITATIONS 
     12.3 FOOD FLAVORS MARKET 
             12.3.1 MARKET DEFINITION
             12.3.2 MARKET OVERVIEW
                       TABLE 205 FOOD FLAVORS MARKET, BY TYPE, 2019–2021 (USD MILLION)
                       TABLE 206 FOOD FLAVORS MARKET, BY TYPE, 2022–2027 (USD MILLION)
     12.4 NATURAL FOOD COLORS & FLAVORS MARKET 
             12.4.1 MARKET DEFINITION
             12.4.2 MARKET OVERVIEW
                       TABLE 207 NATURAL FOOD FLAVORS MARKET, BY TYPE, 2018–2025 (USD MILLION)
 
13 APPENDIX (Page No. - 205)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the natural vanillin market. In-depth interviews were conducted with various primary respondents—such as key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants—to obtain and verify critical qualitative and quantitative information as well as to assess prospects.

Secondary Research

In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, gold & silver standard websites, directories, and databases, were referred to identify and collect information.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information. The primary sources from the supply side included industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the natural vanillin market.

Natural Vanillin Market Primary Respondents

To know about the assumptions considered for the study, download the pdf brochure

Report Objectives

  • To define, segment, and project the global natural vanillin market size based on sources, applications, and regions over a historical period ranging from 2018 to 2021 and a forecast period ranging from 2022 to 2027.
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders.
  • To project the size of the market and its submarkets, in terms of value and volume, with respect to five regions (along with their respective key countries): North America, Europe, Asia Pacific, and the Rest of the World (RoW)
  • To strategically profile the key players and comprehensively analyze their core competencies.
  • To analyze competitive developments, such as joint ventures, mergers & acquisitions, new product developments, and Research & Development (R&D), in the natural vanillin market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to the company-specific scientific needs.

  • Further breakdown of the Rest of Europe into Sweden, Belgium, Turkey, Greece, Poland, and Denmark and Others
  • Further breakdown of the Rest of Asia Pacific into Indonesia, Malaysia, Vietnam, Singapore, the Philippines, and Thailand

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization

Instant Answers with GPT - Ask Now!

Ask real questions. Get complete answers !
Report Code
FB 8566
Published ON
Feb, 2023
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Natural Vanillin Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback