Research Insights on Worldwide Bio Vanillin Market

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Worldwide Bio Vanillin Market is Projected to Reach USD 226 Million by 2024

6 December 2018, The Worldwide Bio Vanillin Market is anticipated to surpass USD 226 million by 2024. Applications in premium products, like perfumes and food & beverages can boost the market over the forecast period (2016-2024). Bio vanillin is used extensively in medicines and foods because it can effectively prevent any bitter taste. Application in areas, such as cosmetics, pharmaceuticals, and food & beverages will catapult demand in the forthcoming years.

The support and encouragement of food regulatory authorities in North America and Europe will impact the market positively. These authorities have identified ingredients that are obtained as naturally derived products from microbial processing. Regulatory standards that discourage synthetic products may encourage industrial demand. Additionally, customer awareness and growing popularity could fuel demand for bio vanillin during the forecast period.

Production of bio vanillin through biotechnological methods generates lesser unwanted side products. For instance, there is lower toxicity, minimal emission of greenhouse gases, and lesser energy consumption. These factors make biotechnological methods a ‘greener’ alternative.

The global bio vanillin industry is still in its infancy. Manufacturers are claiming their products to be natural. A few products have also been approved by regulatory bodies. As per regulations of the European Parliament and the Council, bio vanillin produced by biotechnological methods using natural inputs are termed ‘natural flavoring’. This however, needs specification of source.

The bio vanillin market is split into applications and regions. Applications comprise food & beverages, pharmaceuticals, and fragrances. Food & beverages dominated the market with over 65% of the total volume shares in 2015. Surging demand for foods with a sweet aftertaste can propel the market in the forecast period.

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