Global Bio Vanillin Market to surpass $19 Mn by 2023 - PowerPoint PPT Presentation

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Global Bio Vanillin Market to surpass $19 Mn by 2023


Bio Vanillin Market size was valued at over USD 11.5 million in 2015. Industry expects gains at over 13% CAGR, with consumption surpassing 500 tons by 2023. – PowerPoint PPT presentation

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Title: Global Bio Vanillin Market to surpass $19 Mn by 2023

Global Bio Vanillin Market share to surpass 19
Million by 2023 Global Market Insights Inc.
Key Insights from Bio Vanillin Market
  • APAC fragrance application may witness
    significant gains and surpass USD 1 million by
    2023. Rising consumer interest in fragrances,
    personal grooming, changing lifestyle trends,
    increasing demand for premium fragrances, and
    development in per-capita are key trending
    factors to fuel regional demand.
  • Global natural vanillin market is forecast to be
    worth over USD 140 million by 2023. End-use
    industry manufacturers are ready to pay premium
    prices for the natural ingredients owing to
    rising consumer preference for healthy products.
  • North America bio vanillin market led the
    regional industry demand and was valued at over
    USD 3 million in 2015. Brewery industry expansion
    accompanied by positioning as a premium product
    ingredient in food beverages and fragrances are
    key driving factors.

  • France bio vanillin market size is projected to
    grow at over 12.9 CAGR up to 2023.
  • Vanillin downstream derivatives such as vanillyl
    alcohol, vanillic acid, and methoxyhydroquinone
    can serve as platform chemicals for 22 polymer
    compounds which can be used for the synthesis for
    polyesters, non-isocyanate polyurethanes (NIPU)
    and epoxy resins.
  • Global bio vanillin market share is nascent and
    at development phase. Solvay, Ennloys, Evolva,
    and Apple Flavor Fragrance Group are major
    industry players.

U.S. Bio Vanillin Market Size, By Application,
2012-2023 (Tons)


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