Global Bio Vanillin Market: Overview
Vanillin is the primary
component of the vanilla bean extract and is used as a flavoring agent in pharmaceuticals,
foods, and beverages. Synthetic vanillin is used more often than natural
vanilla extract and bio vanillin has been developed as a healthier and safer
alternative to synthetic vanillin.
Vanillin can be of three
different types, depending on the way it is manufactured: guaiacol-derived
vanillin, natural vanilla extract from vanilla beans, and lignin-based
vanillin. Vanillin produced from lignin is marketed as a premium product and is
therefore priced higher. Even though only a fraction of the total lignin
obtained is used for the manufacturing of vanillin, lignin is actually an
abundant natural resource and can also be obtained from sources such as wood,
leaves, straw, cereals, stems, fruits, and vegetables. Guaiacol-derived
vanillin is an established commercial market owing to the lower price of the
product despite no product differentiation. This makes it difficult for bio
vanillin to compete with existing companies that already have a strong
marketing structure in place.
The report studies the various
segments and subsegments within the bio vanillin market and
carefully examines the various micro and macro factors that drive and hamper
their growth. With the help of tools such as the Porter’s Five Forces Analysis
and SWOT analysis, the report provides readers with a 360-degree outlook on the
overall market and where it is headed in the coming years.
Global Bio Vanillin Market: Key Trends and Opportunities
The global market for bio
vanillin is primarily driven by the surge in the demand for biotechnologically
derived fragrances and flavors from end-use industries such as cosmetics, food
and beverages, and pharmaceuticals. The market is also boosted by the stable price
trends of bio vanillin and strong industry penetration. The fact that bio
vanillin has been accepted as natural by the EU and the U.S. food legislations
is key to the growth of the global bio vanillin market. The product also
satisfies the various regulatory requirements of Health Canada-a department of
the Government of Canada that deals with national public health. The market for
bio vanillin is projected to benefit from the product being marketed as part of
the premium product segment within the beverages, foods, and perfumes
industries.
The food and beverages industry
makes for the largest consumer of bio vanillin, accounting for over half the
market. The fragrances sector is also likely to exhibit steady growth in the
coming years, based on the findings of the report.
Get
More Information: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10409
Global Bio Vanillin Market: Region-wise Outlook
Asia Pacific is the leading
market for bio vanillin in terms of demand, with China emerging as the dominant
country in terms of production. This region is also projected to exhibit strong
growth during the rest of the forecast period mainly due to the increasing
demand for bio vanillin from the pharmaceuticals and food and beverages
industries in countries such as India, Indonesia, China, and Malaysia. Bio
vanillin also provides a massive opportunity for growth in the Asia Pacific region
since countries such as India and China have been witnessing a growth in per
capita disposable income and population expansion.
Europe is also a major market
for bio vanillin and is expected to witness moderate growth in the coming
years. Bio vanillin has the potential to emerge as a green product in Europe as
well as North America because consumers in these regions have become more
health conscious and averse to petrochemical-derived products. This increasing
reliance on natural and bio-derived products is anticipated to boost the bio
vanillin market in North America and Europe.
No comments:
Post a Comment