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Europe Vanillic Acid Market Size, Share & Trends Analysis Report By Purity (Purity 98%, Purity 99%, and Others), By Application (Flavors & Fragrances, Pharmaceutical Intermediates, and Others), By Country and Growth Forecast, 2024 - 2031

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    Report

  • 114 Pages
  • April 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5955327
The Europe Vanillic Acid Market would witness market growth of 1.7% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 6,125.9 tonnes, showcasing a growth of 8.7% (2020-2023).

In the Vanillic Acid market, a purity level of 98% signifies a high-quality product that meets the needs of various industries. With a purity of 98%, Vanillic Acid offers reliability and effectiveness in applications ranging from food and beverage to pharmaceuticals and cosmetics. Thus, the Germany market would consume 1,008.8 tonnes of 98% pure Vanillic Acid by 2031.



The Germany market dominated the Europe Vanillic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,643.8 million by 2031. The UK market is experiencing a CAGR of 1.3% during (2024 - 2031). Additionally, The France market would exhibit a CAGR of 2.1% during (2024 - 2031).

It is a compound commonly found in vanilla beans and certain other plants. It has applications in various industries including food, cosmetics, and pharmaceuticals. In the food industry, it is used as a flavoring agent and preservative, while in cosmetics, it can be found in skincare and haircare products. Additionally, it has potential pharmaceutical uses due to its antioxidant properties.

Adoption trends in the market reflect the evolving preferences of consumers, advancements in technology, regulatory changes, and emerging applications across various industries. For example, with increasing health and wellness awareness, consumers seek products formulated with natural and clean-label ingredients. It is derived from natural sources such as vanillin, lignin, and microbial fermentation, aligns with this trend. Manufacturers respond to consumer preferences by incorporating vanillic acid into food, fragrance, and personal care products as a natural alternative to synthetic additives and preservatives.

Europe is also renowned for its thriving fragrance and perfume industry. With its sweet, vanilla-like aroma, it is a valuable ingredient in perfume and fragrance formulations. As European consumers seek high-quality fragrances with unique scent profiles, the demand for vanillic acid as a fragrance enhancer continues to rise. In addition, the growth of the European cosmetics industry drives innovation and product development in the sector. Cosmetic manufacturers continuously seek novel ingredients like vanillic acid to differentiate their products and cater to evolving consumer preferences. Hence, the increasing cosmetics industry in the region is propelling the market’s growth.

Based on Purity, the market is segmented into Purity 98%, Purity 99%, and Others. Based on Application, the market is segmented into Flavors & Fragrances, Pharmaceutical Intermediates, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

  • Solvay SA
  • Lanxess AG
  • Parchem Fine and Specialty Chemicals, Inc.
  • Biosynth AG (Carbosynth Ltd.)
  • Cayman Chemical Company, Inc.
  • Merck Millipore (Merck Group)
  • Tokyo Chemical Industry Co., Ltd.
  • Otto Chemie Pvt. Ltd.
  • Santa Cruz Biotechnology, Inc.
  • Spectrum Chemical Mfg. Corp.

Market Report Segmentation

By Purity (Volume, Tonnes, USD Billion, 2020-2031)
  • Purity 98%
  • Purity 99%
  • Others
By Application (Volume, Tonnes, USD Billion, 2020-2031)
  • Flavors & Fragrances
  • Pharmaceutical Intermediates
  • Others
By Country (Volume, Tonnes, USD Billion, 2020-2031)
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Vanillic Acid Market, by Purity
1.4.2 Europe Vanillic Acid Market, by Application
1.4.3 Europe Vanillic Acid Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Europe Vanillic Acid Market by Purity
4.1 Europe Purity 98% Market by Country
4.2 Europe Purity 99% Market by Country
4.3 Europe Others Market by Country
Chapter 5. Europe Vanillic Acid Market by Application
5.1 Europe Flavors & Fragrances Market by Country
5.2 Europe Pharmaceutical Intermediates Market by Country
5.3 Europe Others Market by Country
Chapter 6. Europe Vanillic Acid Market by Country
6.1 Germany Vanillic Acid Market
6.1.1 Germany Vanillic Acid Market by Purity
6.1.2 Germany Vanillic Acid Market by Application
6.2 UK Vanillic Acid Market
6.2.1 UK Vanillic Acid Market by Purity
6.2.2 UK Vanillic Acid Market by Application
6.3 France Vanillic Acid Market
6.3.1 France Vanillic Acid Market by Purity
6.3.2 France Vanillic Acid Market by Application
6.4 Russia Vanillic Acid Market
6.4.1 Russia Vanillic Acid Market by Purity
6.4.2 Russia Vanillic Acid Market by Application
6.5 Spain Vanillic Acid Market
6.5.1 Spain Vanillic Acid Market by Purity
6.5.2 Spain Vanillic Acid Market by Application
6.6 Italy Vanillic Acid Market
6.6.1 Italy Vanillic Acid Market by Purity
6.6.2 Italy Vanillic Acid Market by Application
6.7 Rest of Europe Vanillic Acid Market
6.7.1 Rest of Europe Vanillic Acid Market by Purity
6.7.2 Rest of Europe Vanillic Acid Market by Application
Chapter 7. Company Profiles
7.1 Solvay SA
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Lanxess AG
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 SWOT Analysis
7.3 Parchem Fine and Specialty Chemicals, Inc.
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 Biosynth AG (Carbosynth Ltd.)
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 Cayman Chemical Company, Inc.
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 Merck Millipore (Merck Group)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 SWOT Analysis
7.7 Tokyo Chemical Industry Co., Ltd.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Otto Chemie Pvt. Ltd.
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 Santa Cruz Biotechnology, Inc.
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
7.10.1 Company Overview
7.10.2 SWOT Analysis

Companies Mentioned

  • Solvay SA
  • Lanxess AG
  • Parchem Fine and Specialty Chemicals, Inc.
  • Biosynth AG (Carbosynth Ltd.)
  • Cayman Chemical Company, Inc.
  • Merck Millipore (Merck Group)
  • Tokyo Chemical Industry Co., Ltd.
  • Otto Chemie Pvt. Ltd.
  • Santa Cruz Biotechnology, Inc.
  • Spectrum Chemical Mfg. Corp.

Methodology

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