Vanillin Market - Global Industry Analysis, Size, Share, Trends and Forecast 2015 - 2023
Albany, NY -- (SBWIRE) -- 09/07/2016 -- A new market intelligence study by Transparency Market Research presents a detailed overview of the global vanillin market. The report is titled "Vanillin Market - Global Industry Analysis, Size, Share, Trends and Forecast 2015 - 2023." The market research study provides a comprehensive analysis of the growth drivers, factors limiting growth, current trends, and projections of the market for the period from 2015 to 2023.
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Vanillin is an organic compound extracted from the bean of the vanilla tree. The harvested seed pods of vanilla are cured for several months as they lack a distinct vanilla flavor. Vanillin is used extensively in the food industry as a flavoring agent for ice creams, cakes, chocolates, biscuits, and breads.
Since the demand for vanillin is so high, it is now produced synthetically, in addition to being extracted from the seed pods of vanilla planifolia. For synthetic production, vanillin is synthesized from guaiacol. The two major forms of vanillin produced chemically are ethyl vanillin and methyl vanillin. Ethyl vanillin occurs in the form of white to light yellow colored crystals and has a mild flavor. Methyl vanillin is stronger and is used extensively as essence.
The high demand for vanillin not only comes from the food industry but also from the toothpaste, tobacco, and pharmaceutical industries. The vanillin market is expected to grow due to the growth of the bakery and confectionary industry. The high use of vanillin in making cakes, ice creams, beverages and others in the next six years is expected to fuel the market.
The global vanillin market is segmented on the basis of vanillin type and geography. On the basis of type, the vanillin market is segmented into natural and synthetic vanillin. On the basis of region, the global vanillin market is segmented into Europe, North America, Asia Pacific, and Rest of the World. Asia Pacific is expected to be the fastest growing regional segment during the period from 2015 to 2023. The reason behind the projected growth of the vanillin market in Asia Pacific is the high potential demand from countries such as China, India, Thailand, Japan, Indonesia, and Malaysia.
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The report profiles the leading players in the global vanillin market. Information such as business overview, financial overview, and recent developments is given. The strategies implemented by the key players in the vanillin market have been studied in detail, thus assisting readers to get valuable information as to how to succeed and earn profit in the vanillin market. Some of the leading players profiled in the report are: Evolva Holding SA, Jiaxing Zhonghua Chemical Industry Co., Ltd., Prinova Group LLC, and Solvay SA. The manufacturers are faced with growing demand for vanillin and, thus, are focused on increasing their production capacities to fulfil the huge demand.
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