Solvay S.A., Evolva Holding SA, Advanced Biotech, and Jiaxing Zhonghua Chemical Co., LTD, among others, are the major players in the global vanilla and vanillin markets.
The global vanilla and vanillin market are expected to grow at a CAGR of about 3% and 8.5% in the forecast period of 2023-2028, respectively. As per the analysis by Expert Market Research, the markets are expected to be driven by the thriving food and beverages industry.
The rising consumption of frozen desserts, including ice creams, cakes, and pudding, among others, amid the surging disposable income is driving the markets growth of vanilla and vanillin. With the increasing health consciousness, various consumers are preferring vanilla and vanillin flavoured food and beverage products on account of their low-calorie content.
The emerging trend of vanillin and vanilla infused personal care and cosmetic products owing to their skin health benefits is fuelling the markets growth. As the inclination towards the use of natural products in cosmetics and personal care products is increasing, the incorporation of vanilla and vanillin is likely to grow.
In September 2022, Solvay expanded its Rhovanil® Natural CW range by introducing new natural flavour ingredients, Rhovanil® Natural Alta, Delica, and Sublima. Through the new natural vanillin flavours, the company aims to enable the food and beverage sectors to economically switch to natural ingredients. The product launch would also address the growing consumer demand for safe, tasty, natural, and healthy products. The new grades offer enhanced dispersion and homogeneity while facilitating the switch to natural vanillin. Through the company, the company is showcasing its role in driving sustainability while reducing resource consumption in the food and beverage sector.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Solvay SA is a science company that operates three segments, namely, chemicals, materials, and solutions, with over 21,000 employees and 98 sites in 63 countries. The company aims to use innovative solutions for contributing to a cleaner, safer, and more sustainable life. In September 2022, the company collaborated with 3TREES to develop a building integrated photovoltaic (BIPV) thermoplastic polyolefin roofing membrane.
Evolva Holding SA is a biotechnology company that is involved in the research, development, and commercialisation of natural ingredients. Its major business segments include health protection, health ingredients, and flavours and fragrances. The company aims to leverage innovative technologies to develop solutions that can positively influence the wellbeing, sensory enjoyment, and health of individuals.
|Headquarters:||New Jersey, United States|
Advanced Biotech is a flavour and fragrance company, based in the United States. Its extensive range of natural, plant-based, and EU-certified aroma molecules and products are used to create innovative flavour profiles and mimic natural food. The company is certified by Kosher, BRC, and Halal organisations. The company’s high-quality and high-consistency products are developed to meet stringent safety standards and evolving consumer demands.
Jiaxing Zhonghua Chemical Co LTD is a Chinese medium-sized chemical enterprise. With over 500 acres of an industrial park and 1,300 employees, the company is the largest producer of vanillin across the globe. It has total assets of EUR 2.5 billion and its annual sales surpass 20 billion yuan. A majority of the company’s products are exported to Southeast Asia, the United States, and Europe.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.