Bio Vanillin Market is likely to show significant growth between 2016 – 2023

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Bio Vanillin Market worth over 19mn by 2023
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Key Insights from Bio Vanillin Market

• Increasing consumer preference towards natural
  ingredients in food beverage and personal care
  formulations will drive global bio vanillin
  market demand. Natural ingredients have been
  steadily gaining acceptance with consumers,
  especially across evolved markets, along with
  regulatory support for labeling standards. Bio
  vanillin has been developed as an alternative to
  the synthetic ingredient, which accounts for over
  95 of present global demand. Food beverages
  dominated the application landscape, worth over
  USD 8 million in 2015. Appeal of new flavors in
  the industry and strong demand for confectionery
  and bakery products along with persistent
  development are key stimulating factors.
• The product is at its initial development stage,
  while industry participants claim a natural
  product, there is some ambiguity regarding this
  classifications, as a few groups have claimed
  these products are artificial owing to its
  production from genetic engineering. Naturally
  derived vanillin from the pod remains in demand,
  however, a very high price and limited
  cultivation is unable to meet global demand.
  Biotechnology is also an important route in terms
  of addressing food waste and natural feedstock
  issues, permitting low value compound conversions
  to products of significant commercial interest.
  However, commercial success of the product will
  hinge on competitive bio vanillin market price
  trend. Synthetic biology vanillin process is
  likely to lead the biomass removal required for
  good agricultural soil.

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Continued...

• Synthetic vanillin market size represents over
  97 of the overall demand, Global synthetic
  vanillin market size was over USD 26,780 thousand
  in 2015, and is forecast to grow at more than 7
  up to 2023. Natural vanillin market size derived
  from orchid pods represents less than 1 of the
  overall industry size and was over 60 tons in
  2015. The naturally sourced product is priced
  higer owing to their fine quality and
  authenticity. Highly labour-intensive production
  process coupled with limited yields, natural
  vanillin market is not able to meet the global
  flavour market. Biotechnological applications
  have witnessed immense interest from chemical
  industries in recent years, due to their feasible
  opportunity to replace synthetic product, and
  mainly are greener, that is, can be performed
  under milder, less dangerous conditions, utilize
  less energy, and produce less greenhouse gas
  emissions.
• Bio vanillin market is at its initial development
  stage, the producers are claiming their products
  to be natural and some product has been approved.
  However, few environment groups have claimed
  these products are artificial owing to its
  production from genetic engineering. It is
  necessary for industry producers to ensure there
  positioning as natural producers among consumers.
  Bio vanillin market price is comparatively higher
  than its synthetic alternative. It is needful for
  the manufacturers to increase production capacity
  and bring continuous improvement in technology to
  match synthetic vanillin market price trend.

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

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