Global Bio-Vanillin Market (2021-2026) by Type, Source, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Bio-Vanillin Market is estimated to be USD 218.65 Mn in 2021 and is expected to reach USD 309.54 Mn by 2026, growing at a CAGR of 7.2%.



Market Dynamics

The factors such as rising intake of confectionery products due to the changing way of life of consumers, and increasing consciousness among individuals regarding various health benefits such as reduction in toothache, calming effect, helps curb sugar intake, etc, offered by natural vanillin have prompted the demand for global bio vanilla market. The Increasing Application of bio-vanillin in food, beverages, and pharmaceutical products further escalates the demand for bio-vanillin. In addition, the increasing implementation of bio vanillin in the cosmetic industry, owing to its higher fragrance for the production of various perfumes and cologne products, has further derived market growth. However, the high-level cost of bio vanillin may affect market growth.

Market Segmentation

The Global Bio-Vanillin Market is segmented further based on Type, Source, Application, and Geography.

By Type, the market is classified into natural vanillin and synthetic vanillin. Amongst the two, the natural vanillin segment is estimated to hold the highest market share during the forecast period.

By Source, the market is classified into rice bran, wood, and others. Amongst all, the rice bran segment is estimated to hold the highest market share during the forecast period.

By Applications, the market is classified as pediatric patients and adult patients. Amongst the two, the adult patients segment is estimated to hold the highest market share during the forecast period.

By End User, the market is classified as food, beverage, fragrance, pharmaceuticals, and others. Amongst all, the food segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Evolva has entered a new collaboration agreement with International Flavors and Fragrances (IFF) to further develop and expand the commercialization of vanillin. - 25th March 2020.
2. Borregaard increases the production of bio-based vanillin. The vanillin expansion project has a total cost of NOK 130 million and will be completed in the first half of 2021 - 30th August 2019.

Company Profiles

Some of the companies covered in this report are Advanced biotech, Alfrebro LLC, Apple Flavour & Fragrances Group Co. Ltd, Borregaard, Camlin Fine Sciences Ltd, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Bio-Vanillin Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market