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Bio Vanillin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 149 pages | ID: BFDC4D60D433EN
IMARC Group

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Market Overview:

The global bio vanillin market size reached US$ 178.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 267.0 Million by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.


Bio vanillin is prepared from natural and renewable raw materials, such as rice, wheat, plants, vegetables, coffee seeds, and tea leaves. It produces less carbon dioxide (CO2) emissions than conventional vanillin synthesized from crude oil. At present, it is widely utilized as a vital ingredient in various food products as it has high antioxidant levels, which provide several health benefits, such as reducing the risk of developing chronic diseases. Nowadays, manufacturers are using biotech processes, such as microbial conversion, plant tissue culture, and fermentation, to retain the nutritional content and natural flavor of vanillin.

Bio Vanillin Market Trends:
Bio vanillin is employed in the food and beverage (F&B) industry as a natural flavoring agent to improve the aroma and shelf-life of various food products. Therefore, the increasing demand for natural ingredients due to the rising consumer awareness about the negative health impact of artificial flavors present in food items represents one of the key factors influencing the market positively. This can also be attributed to the introduction of stringent regulatory policies regarding the clean labeling of food products. Apart from this, bio vanillin is used as a chemical intermediate in the production of medicines and syrups for adults as well as children. This, in confluence with the escalating need for prescribed drugs on account of the growing prevalence of chronic diseases, is augmenting the utilization of bio vanillin in the pharmaceutical industry. Besides this, as bio vanillin is colorless and has a wide pH range, thermal stability, and aromatic properties, it is gaining traction as natural fragrances in the cosmetics and personal care industries. Furthermore, the emerging trend of label-free cosmetics is driving the adoption of bio vanillin as organic preservatives that can be easily blended with other ingredients in different cosmetic and personal care products.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global bio vanillin market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on source and application.

Breakup by Source:

Rice Bran
Wood
Others

Breakup by Application:

Food and Beverages
Pharmaceutical
Fragrance
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Biotech, Apple Flavor & Fragrance Group Co. Ltd, Archer-Daniels-Midland Company, BASF SE, Borregaard AS, Camlin Fine Sciences Ltd., Evolva Holding SA, Liaoning Shixing Pharmaceutical & Chemical Co. Ltd., Oamic Biotech Co. Ltd., Prinova Group LLC (Nagase America LLC), Solvay S.A., Sulzer Ltd. and Symrise AG.

Key Questions Answered in This Report

1. How big is the global bio vanillin market?
2. What is the expected growth rate of the global bio vanillin market during 2023-2028?
3. What are the key factors driving the global bio vanillin market?
4. What has been the impact of COVID-19 on the global bio vanillin market?
5. What is the breakup of the global bio vanillin market based on the application?
6. What are the key regions in the global bio vanillin market?
7. Who are the key players/companies in the global bio vanillin market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL BIO VANILLIN MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY SOURCE

6.1Rice Bran
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Wood
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Others
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1Food and Beverages
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Pharmaceutical
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Fragrance
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 SWOT ANALYSIS

9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Competition
11.5Threat of New Entrants
11.6Threat of Substitutes

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
  13.3.1Advanced Biotech
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
  13.3.2Apple Flavor & Fragrance Group Co. Ltd
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
    13.3.2.3 Financials
  13.3.3Archer-Daniels-Midland Company
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
    13.3.3.3 Financials
    13.3.3.4 SWOT Analysis
  13.3.4BASF SE
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
    13.3.4.3 Financials
    13.3.4.4 SWOT Analysis
  13.3.5Borregaard AS
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
  13.3.6Camlin Fine Sciences Ltd.
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
    13.3.6.3 Financials
  13.3.7Evolva Holding SA
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
    13.3.7.3 Financials
  13.3.8Liaoning Shixing Pharmaceutical & Chemical Co. Ltd.
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
  13.3.9Oamic Biotech Co. Ltd.
    13.3.9.1 Company Overview
    13.3.9.2 Product Portfolio
  13.3.10Prinova Group LLC (Nagase America LLC)
    13.3.10.1 Company Overview
    13.3.10.2 Product Portfolio
  13.3.11Solvay S.A.
    13.3.11.1 Company Overview
    13.3.11.2 Product Portfolio
    13.3.11.3 Financials
    13.3.11.4 SWOT Analysis
  13.3.12Sulzer Ltd.
    13.3.12.1 Company Overview
    13.3.12.2 Product Portfolio
    13.3.12.3 Financials
  13.3.13Symrise AG
    13.3.13.1 Company Overview
    13.3.13.2 Product Portfolio
    13.3.13.3 Financials
    13.3.13.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Bio Vanillin Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Bio Vanillin Market Forecast: Breakup by Source (in Million US$), 2023-2028
Table 3: Global: Bio Vanillin Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Bio Vanillin Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Bio Vanillin Market: Competitive Structure
Table 6: Global: Bio Vanillin Market: Key Players

LIST OF FIGURES

Figure 1: Global: Bio Vanillin Market: Major Drivers and Challenges
Figure 2: Global: Bio Vanillin Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Bio Vanillin Market: Breakup by Source (in %), 2022
Figure 5: Global: Bio Vanillin Market: Breakup by Application (in %), 2022
Figure 6: Global: Bio Vanillin Market: Breakup by Region (in %), 2022
Figure 7: Global: Bio Vanillin (Rice Bran) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Bio Vanillin (Rice Bran) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Bio Vanillin (Wood) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Bio Vanillin (Wood) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Bio Vanillin (Other Sources) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Bio Vanillin (Other Sources) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Bio Vanillin (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Bio Vanillin (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Bio Vanillin (Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Bio Vanillin (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Bio Vanillin (Fragrance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Bio Vanillin (Fragrance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Bio Vanillin (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Bio Vanillin (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: North America: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: North America: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: United States: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: United States: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Canada: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Canada: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Asia-Pacific: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Asia-Pacific: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: China: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: China: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Japan: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Japan: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: India: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: India: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: South Korea: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: South Korea: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Australia: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Australia: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Indonesia: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Indonesia: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Others: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Others: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Europe: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Europe: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Germany: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Germany: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: France: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: France: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: United Kingdom: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: United Kingdom: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Italy: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Italy: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Spain: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Spain: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Russia: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Russia: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Latin America: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Latin America: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Brazil: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Brazil: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Mexico: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Mexico: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Others: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Others: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Middle East and Africa: Bio Vanillin Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Middle East and Africa: Bio Vanillin Market: Breakup by Country (in %), 2022
Figure 69: Middle East and Africa: Bio Vanillin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Global: Bio Vanillin Industry: SWOT Analysis
Figure 71: Global: Bio Vanillin Industry: Value Chain Analysis
Figure 72: Global: Bio Vanillin Industry: Porter's Five Forces Analysis


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