According to a new report, published by KBV research, The Global Natural Vanillin Market size is expected to reach $882.1 million by 2030, rising at a market growth of 8.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,799.3 Tonnes, experiencing a growth of 7.2% (2019-2022).
The Food & Beverages segment is leading the Global Natural Vanillin Market by Application in 2022 thereby, achieving a market value of $489.2 million by 2030. Natural vanillin is used to produce baked goods such as cookies, cakes, pastries, and bread to provide a sweet and aromatic vanilla flavor. It is added to dairy products like ice cream, yogurt, and milkshakes to enhance their creamy texture and vanilla taste. Natural vanillin is a key ingredient in the confectionery industry. It produces chocolates, candies, chewing gum, and other sweets to provide a consistent and appealing vanilla flavor. In the beverage industry, natural vanillin flavors various drinks, including soft drinks, flavored water, energy drinks, and alcoholic beverages. It can add a pleasant vanilla note to these beverages.
The Eugenol Synthesis segment is showcasing a CAGR of 9.4% during (2023 - 2030). Eugenol is one of the key starting materials used to synthesize natural vanillin. By chemically modifying eugenol through various processes, such as oxidation, eugenol can be transformed into vanillin, which imparts the characteristic vanilla flavor and aroma to a wide range of food and beverage products. Natural vanillin, synthesized from eugenol, is a flavor enhancer in various food products, including baked goods, dairy products, beverages, and confectionery. It adds a pleasant, vanilla-like taste to these products. Natural vanillin derived from eugenol is used extensively in the fragrance industry to create scents that resemble vanilla.
The North America region dominated the Global Natural Vanillin Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $301.9 million by 2030. The Europe market is posed to grow at a CAGR of 8.2% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/natural-vanillin-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Application (Volume, Tonnes, USD Thousands, 2019-2030)
By Source (Volume, Tonnes, USD Thousands, 2019-2030)
By Geography (Volume, Tonnes, USD Thousands, 2019-2030)
Companies Profiled
Unique Offerings 
