The Asia Pacific Natural Vanillin Market would witness market growth of 9.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 768.1 Tonnes, showcasing a growth of 7.8% (2019-2022).
Vanillin is widely used in the food industry due to its adaptability as a flavoring and aromatic agent. Due to its potential to improve the sensory experience of various products, its applications have also expanded to involve the pharmaceutical, personal care, cosmetics, and toiletries industries. The market is poised for continuous expansion, driven by the rising demand for naturally derived flavors and ingredients as consumers emphasize natural and sustainable products. As consumer awareness of natural and clean-label foods rises, the demand for natural flavors such as vanilla grows steadily throughout the study period. During the forecast period, numerous regional industries for plant-based creamers, which are expanding rapidly, are anticipated to exhibit a positive demand for natural vanillin. This will drive the rising demand for natural vanillin and customer demand for snacks, ice cream, and cookies with comparable flavors.
Consumer demand for natural vanillin will increase due to the premiumization trend. In the future, premium products are anticipated to be in high demand globally. People's growing disposable income and the rising health consciousness of consumers contribute to consumers' growing preference for premium products. Moreover, skin sensitivity and environmental impact induced by natural ingredients have increased the demand for natural fragrance ingredients in personal care products. The expanding health risks associated with synthetic product use have also prompted consumers to pay more for less toxic and environmentally friendly products. Additionally, consumers are ready to pay a premium for products with natural constituents. As a result of this trend, fragrance producers have created products using natural ingredients to boost their profit margins.
Health-conscious consumers in China are gravitating toward products with natural and authentic flavors. Natural vanillin provides a genuine and recognizable vanilla flavor that appeals to those seeking authentic taste experiences. As part of a broader wellness trend, consumers in China are looking for products with reduced sugar and fat content. Natural vanillin can enhance the flavor of low-sugar and low-fat products, making them more appealing without compromising health goals. The awareness of health and wellness in China contributes to the growing demand for natural vanillin. Consumers are seeking clean-label, natural, and authentic flavor options in their food and beverage products, and natural vanillin aligns well with these preferences. As this awareness continues to rise, the natural vanillin demand in China is expected to expand further.
According to the International Trade Administration, the Ministry of Economy, Trade, and Industry (METI) estimated that the size of the cosmetics and personal care products sector in Japan was approximately $35 billion in 2019. Japan has approximately 3,000 beauty care corporations, such as Shiseido, Kao, Kosé, and Pola Orbis. Due to the above-mentioned factors, the natural vanillin market will grow significantly in this region.
The China market dominated the Asia Pacific Natural Vanillin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $69,404.7 Thousands by 2030. The Japan market is registering a CAGR of 8.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 9.8% during (2023 - 2030).
Based on Application, the market is segmented Food & Beverages (Bakery & Confectionery, Beverages, Dairy, and Others), Cosmetics & Personal Care, and Pharmaceuticals. Based on Source, the market is segmented into Ferulic Acid Synthesis, Vanilla Bean Extract, Eugenol Synthesis, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Natural Vanillin Market is Predict to reach $882.1 Million by 2030, at a CAGR of 8.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Givaudan SA, Merck KGaA, Symrise AG, Kerry Group plc, Solvay SA, International Flavors & Fragrances, Inc., Sensient Technologies Corporation, McCormick & Company, Inc., MANE Group, and Lesaffre Group.
Scope of the Study
Market Segments Covered in the Report:
By Application (Volume, Tonnes, USD Thousands, 2019-2030)
- Food & Beverages
- Bakery & Confectionery
- Beverages
- Dairy
- Others
- Cosmetics & Personal Care
- Pharmaceuticals
By Source (Volume, Tonnes, USD Thousands, 2019-2030)
- Ferulic Acid Synthesis
- Vanilla Bean Extract
- Eugenol Synthesis
- Others
By Country (Volume, Tonnes, USD Thousands, 2019-2030)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Givaudan SA
- Merck KGaA
- Symrise AG
- Kerry Group plc
- Solvay SA
- International Flavors & Fragrances, Inc.
- Sensient Technologies Corporation
- McCormick & Company, Inc.
- MANE Group
- Lesaffre Group
TABLE 1 Asia Pacific Natural Vanillin Market, 2019 - 2022, USD Thousands
TABLE 2 Asia Pacific Natural Vanillin Market, 2023 - 2030, USD Thousands
TABLE 3 Asia Pacific Natural Vanillin Market, 2019 - 2022, Tonnes
TABLE 4 Asia Pacific Natural Vanillin Market, 2023 - 2030, Tonnes
TABLE 5 Asia Pacific Natural Vanillin Market by Application, 2019 - 2022, USD Thousands
TABLE 6 Asia Pacific Natural Vanillin Market by Application, 2023 - 2030, USD Thousands
TABLE 7 Asia Pacific Natural Vanillin Market by Application, 2019 - 2022, Tonnes
TABLE 8 Asia Pacific Natural Vanillin Market by Application, 2023 - 2030, Tonnes
TABLE 9 Asia Pacific Food & Beverages Market by Country, 2019 - 2022, USD Thousands
TABLE 10 Asia Pacific Food & Beverages Market by Country, 2023 - 2030, USD Thousands
TABLE 11 Asia Pacific Food & Beverages Market by Country, 2019 - 2022, Tonnes
TABLE 12 Asia Pacific Food & Beverages Market by Country, 2023 - 2030, Tonnes
TABLE 13 Asia Pacific Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, USD Thousands
TABLE 14 Asia Pacific Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, USD Thousands
TABLE 15 Asia Pacific Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, Tonnes
TABLE 16 Asia Pacific Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, Tonnes
TABLE 17 Asia Pacific Bakery & Confectionery Market by Country, 2019 - 2022, USD Thousands
TABLE 18 Asia Pacific Bakery & Confectionery Market by Country, 2023 - 2030, USD Thousands
TABLE 19 Asia Pacific Bakery & Confectionery Market by Country, 2019 - 2022, Tonnes
TABLE 20 Asia Pacific Bakery & Confectionery Market by Country, 2023 - 2030, Tonnes
TABLE 21 Asia Pacific Beverages Market by Country, 2019 - 2022, USD Thousands
TABLE 22 Asia Pacific Beverages Market by Country, 2023 - 2030, USD Thousands
TABLE 23 Asia Pacific Beverages Market by Country, 2019 - 2022, Tonnes
TABLE 24 Asia Pacific Beverages Market by Country, 2023 - 2030, Tonnes
TABLE 25 Asia Pacific Dairy Market by Country, 2019 - 2022, USD Thousands
TABLE 26 Asia Pacific Dairy Market by Country, 2023 - 2030, USD Thousands
TABLE 27 Asia Pacific Dairy Market by Country, 2019 - 2022, Tonnes
TABLE 28 Asia Pacific Dairy Market by Country, 2023 - 2030, Tonnes
TABLE 29 Asia Pacific Others Market by Country, 2019 - 2022, USD Thousands
TABLE 30 Asia Pacific Others Market by Country, 2023 - 2030, USD Thousands
TABLE 31 Asia Pacific Others Market by Country, 2019 - 2022, Tonnes
TABLE 32 Asia Pacific Others Market by Country, 2023 - 2030, Tonnes
TABLE 33 Asia Pacific Cosmetics & Personal Care Market by Country, 2019 - 2022, USD Thousands
TABLE 34 Asia Pacific Cosmetics & Personal Care Market by Country, 2023 - 2030, USD Thousands
TABLE 35 Asia Pacific Cosmetics & Personal Care Market by Country, 2019 - 2022, Tonnes
TABLE 36 Asia Pacific Cosmetics & Personal Care Market by Country, 2023 - 2030, Tonnes
TABLE 37 Asia Pacific Pharmaceuticals Market by Country, 2019 - 2022, USD Thousands
TABLE 38 Asia Pacific Pharmaceuticals Market by Country, 2023 - 2030, USD Thousands
TABLE 39 Asia Pacific Pharmaceuticals Market by Country, 2019 - 2022, Tonnes
TABLE 40 Asia Pacific Pharmaceuticals Market by Country, 2023 - 2030, Tonnes
TABLE 41 Asia Pacific Natural Vanillin Market by Source, 2019 - 2022, USD Thousands
TABLE 42 Asia Pacific Natural Vanillin Market by Source, 2023 - 2030, USD Thousands
TABLE 43 Asia Pacific Natural Vanillin Market by Source, 2019 - 2022, Tonnes
TABLE 44 Asia Pacific Natural Vanillin Market by Source, 2023 - 2030, Tonnes
TABLE 45 Asia Pacific Ferulic Acid Synthesis Market by Country, 2019 - 2022, USD Thousands
TABLE 46 Asia Pacific Ferulic Acid Synthesis Market by Country, 2023 - 2030, USD Thousands
TABLE 47 Asia Pacific Ferulic Acid Synthesis Market by Country, 2019 - 2022, Tonnes
TABLE 48 Asia Pacific Ferulic Acid Synthesis Market by Country, 2023 - 2030, Tonnes
TABLE 49 Asia Pacific Vanilla Bean Extract Market by Country, 2019 - 2022, USD Thousands
TABLE 50 Asia Pacific Vanilla Bean Extract Market by Country, 2023 - 2030, USD Thousands
TABLE 51 Asia Pacific Vanilla Bean Extract Market by Country, 2019 - 2022, Tonnes
TABLE 52 Asia Pacific Vanilla Bean Extract Market by Country, 2023 - 2030, Tonnes
TABLE 53 Asia Pacific Eugenol Synthesis Market by Country, 2019 - 2022, USD Thousands
TABLE 54 Asia Pacific Eugenol Synthesis Market by Country, 2023 - 2030, USD Thousands
TABLE 55 Asia Pacific Eugenol Synthesis Market by Country, 2019 - 2022, Tonnes
TABLE 56 Asia Pacific Eugenol Synthesis Market by Country, 2023 - 2030, Tonnes
TABLE 57 Asia Pacific Others Market by Country, 2019 - 2022, USD Thousands
TABLE 58 Asia Pacific Others Market by Country, 2023 - 2030, USD Thousands
TABLE 59 Asia Pacific Others Market by Country, 2019 - 2022, Tonnes
TABLE 60 Asia Pacific Others Market by Country, 2023 - 2030, Tonnes
TABLE 61 Asia Pacific Natural Vanillin Market by Country, 2019 - 2022, USD Thousands
TABLE 62 Asia Pacific Natural Vanillin Market by Country, 2023 - 2030, USD Thousands
TABLE 63 Asia Pacific Natural Vanillin Market by Country, 2019 - 2022, Tonnes
TABLE 64 Asia Pacific Natural Vanillin Market by Country, 2023 - 2030, Tonnes
TABLE 65 China Natural Vanillin Market, 2019 - 2022, USD Thousands
TABLE 66 China Natural Vanillin Market, 2023 - 2030, USD Thousands
TABLE 67 China Natural Vanillin Market, 2019 - 2022, Tonnes
TABLE 68 China Natural Vanillin Market, 2023 - 2030, Tonnes
TABLE 69 China Natural Vanillin Market by Application, 2019 - 2022, USD Thousands
TABLE 70 China Natural Vanillin Market by Application, 2023 - 2030, USD Thousands
TABLE 71 China Natural Vanillin Market by Application, 2019 - 2022, Tonnes
TABLE 72 China Natural Vanillin Market by Application, 2023 - 2030, Tonnes
TABLE 73 China Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, USD Thousands
TABLE 74 China Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, USD Thousands
TABLE 75 China Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, Tonnes
TABLE 76 China Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, Tonnes
TABLE 77 China Natural Vanillin Market by Source, 2019 - 2022, USD Thousands
TABLE 78 China Natural Vanillin Market by Source, 2023 - 2030, USD Thousands
TABLE 79 China Natural Vanillin Market by Source, 2019 - 2022, Tonnes
TABLE 80 China Natural Vanillin Market by Source, 2023 - 2030, Tonnes
TABLE 81 Japan Natural Vanillin Market, 2019 - 2022, USD Thousands
TABLE 82 Japan Natural Vanillin Market, 2023 - 2030, USD Thousands
TABLE 83 Japan Natural Vanillin Market, 2019 - 2022, Tonnes
TABLE 84 Japan Natural Vanillin Market, 2023 - 2030, Tonnes
TABLE 85 Japan Natural Vanillin Market by Application, 2019 - 2022, USD Thousands
TABLE 86 Japan Natural Vanillin Market by Application, 2023 - 2030, USD Thousands
TABLE 87 Japan Natural Vanillin Market by Application, 2019 - 2022, Tonnes
TABLE 88 Japan Natural Vanillin Market by Application, 2023 - 2030, Tonnes
TABLE 89 Japan Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, USD Thousands
TABLE 90 Japan Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, USD Thousands
TABLE 91 Japan Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, Tonnes
TABLE 92 Japan Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, Tonnes
TABLE 93 Japan Natural Vanillin Market by Source, 2019 - 2022, USD Thousands
TABLE 94 Japan Natural Vanillin Market by Source, 2023 - 2030, USD Thousands
TABLE 95 Japan Natural Vanillin Market by Source, 2019 - 2022, Tonnes
TABLE 96 Japan Natural Vanillin Market by Source, 2023 - 2030, Tonnes
TABLE 97 India Natural Vanillin Market, 2019 - 2022, USD Thousands
TABLE 98 India Natural Vanillin Market, 2023 - 2030, USD Thousands
TABLE 99 India Natural Vanillin Market, 2019 - 2022, Tonnes
TABLE 100 India Natural Vanillin Market, 2023 - 2030, Tonnes
TABLE 101 India Natural Vanillin Market by Application, 2019 - 2022, USD Thousands
TABLE 102 India Natural Vanillin Market by Application, 2023 - 2030, USD Thousands
TABLE 103 India Natural Vanillin Market by Application, 2019 - 2022, Tonnes
TABLE 104 India Natural Vanillin Market by Application, 2023 - 2030, Tonnes
TABLE 105 India Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, USD Thousands
TABLE 106 India Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, USD Thousands
TABLE 107 India Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, Tonnes
TABLE 108 India Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, Tonnes
TABLE 109 India Natural Vanillin Market by Source, 2019 - 2022, USD Thousands
TABLE 110 India Natural Vanillin Market by Source, 2023 - 2030, USD Thousands
TABLE 111 India Natural Vanillin Market by Source, 2019 - 2022, Tonnes
TABLE 112 India Natural Vanillin Market by Source, 2023 - 2030, Tonnes
TABLE 113 South Korea Natural Vanillin Market, 2019 - 2022, USD Thousands
TABLE 114 South Korea Natural Vanillin Market, 2023 - 2030, USD Thousands
TABLE 115 South Korea Natural Vanillin Market, 2019 - 2022, Tonnes
TABLE 116 South Korea Natural Vanillin Market, 2023 - 2030, Tonnes
TABLE 117 South Korea Natural Vanillin Market by Application, 2019 - 2022, USD Thousands
TABLE 118 South Korea Natural Vanillin Market by Application, 2023 - 2030, USD Thousands
TABLE 119 South Korea Natural Vanillin Market by Application, 2019 - 2022, Tonnes
TABLE 120 South Korea Natural Vanillin Market by Application, 2023 - 2030, Tonnes
TABLE 121 South Korea Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, USD Thousands
TABLE 122 South Korea Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, USD Thousands
TABLE 123 South Korea Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, Tonnes
TABLE 124 South Korea Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, Tonnes
TABLE 125 South Korea Natural Vanillin Market by Source, 2019 - 2022, USD Thousands
TABLE 126 South Korea Natural Vanillin Market by Source, 2023 - 2030, USD Thousands
TABLE 127 South Korea Natural Vanillin Market by Source, 2019 - 2022, Tonnes
TABLE 128 South Korea Natural Vanillin Market by Source, 2023 - 2030, Tonnes
TABLE 129 Singapore Natural Vanillin Market, 2019 - 2022, USD Thousands
TABLE 130 Singapore Natural Vanillin Market, 2023 - 2030, USD Thousands
TABLE 131 Singapore Natural Vanillin Market, 2019 - 2022, Tonnes
TABLE 132 Singapore Natural Vanillin Market, 2023 - 2030, Tonnes
TABLE 133 Singapore Natural Vanillin Market by Application, 2019 - 2022, USD Thousands
TABLE 134 Singapore Natural Vanillin Market by Application, 2023 - 2030, USD Thousands
TABLE 135 Singapore Natural Vanillin Market by Application, 2019 - 2022, Tonnes
TABLE 136 Singapore Natural Vanillin Market by Application, 2023 - 2030, Tonnes
TABLE 137 Singapore Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, USD Thousands
TABLE 138 Singapore Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, USD Thousands
TABLE 139 Singapore Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, Tonnes
TABLE 140 Singapore Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, Tonnes
TABLE 141 Singapore Natural Vanillin Market by Source, 2019 - 2022, USD Thousands
TABLE 142 Singapore Natural Vanillin Market by Source, 2023 - 2030, USD Thousands
TABLE 143 Singapore Natural Vanillin Market by Source, 2019 - 2022, Tonnes
TABLE 144 Singapore Natural Vanillin Market by Source, 2023 - 2030, Tonnes
TABLE 145 Malaysia Natural Vanillin Market, 2019 - 2022, USD Thousands
TABLE 146 Malaysia Natural Vanillin Market, 2023 - 2030, USD Thousands
TABLE 147 Malaysia Natural Vanillin Market, 2019 - 2022, Tonnes
TABLE 148 Malaysia Natural Vanillin Market, 2023 - 2030, Tonnes
TABLE 149 Malaysia Natural Vanillin Market by Application, 2019 - 2022, USD Thousands
TABLE 150 Malaysia Natural Vanillin Market by Application, 2023 - 2030, USD Thousands
TABLE 151 Malaysia Natural Vanillin Market by Application, 2019 - 2022, Tonnes
TABLE 152 Malaysia Natural Vanillin Market by Application, 2023 - 2030, Tonnes
TABLE 153 Malaysia Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, USD Thousands
TABLE 154 Malaysia Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, USD Thousands
TABLE 155 Malaysia Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, Tonnes
TABLE 156 Malaysia Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, Tonnes
TABLE 157 Malaysia Natural Vanillin Market by Source, 2019 - 2022, USD Thousands
TABLE 158 Malaysia Natural Vanillin Market by Source, 2023 - 2030, USD Thousands
TABLE 159 Malaysia Natural Vanillin Market by Source, 2019 - 2022, Tonnes
TABLE 160 Malaysia Natural Vanillin Market by Source, 2023 - 2030, Tonnes
TABLE 161 Rest of Asia Pacific Natural Vanillin Market, 2019 - 2022, USD Thousands
TABLE 162 Rest of Asia Pacific Natural Vanillin Market, 2023 - 2030, USD Thousands
TABLE 163 Rest of Asia Pacific Natural Vanillin Market, 2019 - 2022, Tonnes
TABLE 164 Rest of Asia Pacific Natural Vanillin Market, 2023 - 2030, Tonnes
TABLE 165 Rest of Asia Pacific Natural Vanillin Market by Application, 2019 - 2022, USD Thousands
TABLE 166 Rest of Asia Pacific Natural Vanillin Market by Application, 2023 - 2030, USD Thousands
TABLE 167 Rest of Asia Pacific Natural Vanillin Market by Application, 2019 - 2022, Tonnes
TABLE 168 Rest of Asia Pacific Natural Vanillin Market by Application, 2023 - 2030, Tonnes
TABLE 169 Rest of Asia Pacific Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, USD Thousands
TABLE 170 Rest of Asia Pacific Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, USD Thousands
TABLE 171 Rest of Asia Pacific Natural Vanillin Market by Food & Beverages Type, 2019 - 2022, Tonnes
TABLE 172 Rest of Asia Pacific Natural Vanillin Market by Food & Beverages Type, 2023 - 2030, Tonnes
TABLE 173 Rest of Asia Pacific Natural Vanillin Market by Source, 2019 - 2022, USD Thousands
TABLE 174 Rest of Asia Pacific Natural Vanillin Market by Source, 2023 - 2030, USD Thousands
TABLE 175 Rest of Asia Pacific Natural Vanillin Market by Source, 2019 - 2022, Tonnes
TABLE 176 Rest of Asia Pacific Natural Vanillin Market by Source, 2023 - 2030, Tonnes
TABLE 177 Key information – International Flavors & Fragrances, Inc.
TABLE 178 key Information – Givaudan S.A.
TABLE 179 Key Information – Sensient Technologies Corporation
TABLE 180 key Information – Merck KGaA
TABLE 181 key Information – Symrise AG
TABLE 182 Key Information – Kerry Group PLC
TABLE 183 Key Information – McCormick & Company, Inc.
TABLE 184 Key Information – Solvay SA
TABLE 185 Key Information – Lesaffre Group
TABLE 186 Key Information – MANE Group
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Natural Vanillin Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting the Natural Vanillin Market
FIG 4 Porter’s Five Force Analysis: Natural Vanillin Market
FIG 5 Asia Pacific Natural Vanillin Market share by Application, 2022
FIG 6 Asia Pacific Natural Vanillin Market share by Application, 2030
FIG 7 Asia Pacific Natural Vanillin Market by Application, 2019 - 2030, USD Thousands
FIG 8 Asia Pacific Natural Vanillin Market share by Source, 2022
FIG 9 Asia Pacific Natural Vanillin Market share by Source, 2030
FIG 10 Asia Pacific Natural Vanillin Market by Source, 2019 - 2030, USD Thousands
FIG 11 Asia Pacific Natural Vanillin Market share by Country, 2022
FIG 12 Asia Pacific Natural Vanillin Market share by Country, 2030
FIG 13 Asia Pacific Natural Vanillin Market by Country, 2019 - 2030, USD Thousands
FIG 14 Swot Analysis: International Flavors & Fragrances, Inc.
FIG 15 Swot Analysis: Givaudan SA
FIG 16 Swot Analysis: Sensient Technologies Corporation
FIG 17 Swot Analysis: Merck KGaA
FIG 18 Swot Analysis: Symrise AG
FIG 19 Swot Analysis: KERRY GROUP PLC
FIG 20 SWOT Analysis: McCormick & Company, Inc.
FIG 21 SWOT Analysis: Solvay SA
FIG 22 SWOT Analysis: Lesaffre Group
FIG 23 Swot Analysis: MANE Group