Global Vanilla Bean Market Report, History and Forecast 2013-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application
City of Industry, CA -- (SBWIRE) -- 06/11/2018 -- This report studies the Vanilla Bean market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Vanilla Beans have a sweet, perfumed aroma with a woody or smoky flavor. Pure vanilla is relatively expensive because the growth and harvesting process is labor-intensive and time-consuming.
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At present, the commercial rate of Vanilla Bean rate has been reached 100%; however, the commercial rate of ordinary seed is approximately 20%, which has quite large market potential.
In 2015, global Vanilla Bean total production reaches 8236Kg, -7.13% more than that in 2011. Madagascar is the biggest production area, which is estimated to account for 45.65%. In Madagascar, Indonesia covers about 60%.
India is another major production region with the average growth rate of -7.13% in the past five years.
The market competition is intensive because currently there is huge number of enterprises that engaged in Vanilla Bean business. The breeding technology of Vanilla Bean is not advanced; so the involved of enterprises have paid more attention on the technology of Vanilla Bean breeding to gain more market share. In the last ten years significant efforts have been made for commercial exploitation of Vanilla Bean through the use of gametocyte and CMS lines.
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Despite the presence of competition Vanilla Bean in the market, the demand for Vanilla Bean is quite tremendous and is growing, investors are still optimistic about this area; in the future, there will still have more new investors to enter the field.
Although sales of Vanilla Bean brought a lot of opportunities, the study group recommends the new entrants who have money only, but lack technical advantage and downstream support should not enter into the Vanilla Bean field
The global Vanilla Bean market was xx million US$ in 2017 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2018 and 2025.
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