Bio Vanillin Market Share Analysis, and Forecast to 2032 - PowerPoint PPT Presentation

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Bio Vanillin Market Share Analysis, and Forecast to 2032


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Title: Bio Vanillin Market Share Analysis, and Forecast to 2032

Bio Vanillin Market Size to Cross USD 49 Mn by
Overview of Amaranth Market
  • The bio vanillin market size is predicted to
    amass notable gains over the span of 2023 to
    2032, driven by the growing modern consumer
    trends to support consumption of natural flavors.
    The bio-vanillin production is based on renewable
    processes and makes use of microbial
    biodiversity, thereby generating zero or minimal
    toxic waste.
  • The compound's positive attributes such
    as improving product shelf life, aroma, and taste
    of different food and beverages products makes it
    an ideal solution to keep the nutritional value
    of foods unchanged. In addition, bio-vanillin is
    extensively used as a flavoring agent in
    pharmaceutical industries given their ability to
    eliminate sour odor and taste of medicines.
  • Surging interest toward developing high quality
    products by industry leaders is expected to offer
    new growth opportunities for bio vanillin
    industry. Companies are vying partnerships and
    acquisitions to gain a strong niche in the
    marketplace. For instance, Solvay in 2021
    announced the sale of its Vanifolia formulated
    product line to Eurovanille. The move aligns with
    Eurovanille's GROW strategy, enabling it to focus
    on developing and supplying bio vanillin and
    other natural fragrances and flavors.

  • The fragrances segment would unleash enhanced
    potential in the global market. As per report,
    the segment is likely to depict approximately 8
    growth rate between 2023 to 2032. This can be
    credited to the rising demand for natural
    fragrances, increasing acceptance of personalized
    fragrances, and surging spending on personal
    grooming across different nations. According to a
    consumer survey, it was reported that nearly 31
    of the Indian consumers preferred herbal scent in
    haircare products.
  • The demand for bio vanillin is likely to be felt
    across the confectionary and baked goods sector
    owing to the changing consumer food preferences
    toward the intake of natural ingredients. Not to
    mention, burgeoning sales of baked goods and
    confectionary products globally would add impetus
    to the market expansion.

  • The North America bio vanillin market was valued
    at USD 5.5 million in 2022 and is projected to
    witness similar trends by 2032 end. The market
    growth in the region would come from the
    product's ability to be showcased as a component
    of the premium product fragment in the food,
    drinks, and fragrances enterprises across
    countries such as the United States and Canada.
  • Notable participants in the Bio Vanillin market
    include Evolva, De Monchy Aromatics, Omega
    Ingredients Ltd., Advanced Biotech,
    Solvay,Ennolys, Comax Flavors, Alfrebro, LLC,
    Beijing LYS Chemicals Co., Ltd., and Aurochemicals

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