Bio Vanillin Market is expected to reach US$14.34 Mn in 2025; Asia Pacific is Projected to be the Most Attractive Regional Market

According to a new market report published by Transparency Market Research entitled “Bio Vanillin Market (By Application –Food, Beverages, Pharmaceuticals and Fragrances) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025,”in terms of revenue, the global bio vanillin market was valued at US$7.60 Mn in 2016, and is expected to reach US$ 14.34 Mn by 2025, expanding at a CAGR of 7.4% from 2017 to 2025.

Bio vanillin is a primary component of vanilla bean and it is extensively used in food, beverages, pharmaceuticals and fragrances industry. Bio vanillin is a healthy and safer alternative to synthetic vanillin. Bio vanillin is considered as a premium ingredient in perfumes, pharmaceuticals and cosmetics industry. Increased penetration of bio based products owing to the regulatory norms of the food authorities in Europe and North America has resulted in the growth of bio vanillin market over the forecast period. Health consciousness among the consumers coupled with the biotechnologically derived bio vanillin market has resulted in the growth of bio vanillin market over the years to come. Expansion of food and beverages industry has propelled the demand of bio vanillin market over the years to come. Bio vanillin market is in its development stage and with the gaining popularity of vanillin based products among the consumers is expected to have growth potential over the forecast period.

Browse the full Report At: http://www.transparencymarketresearch.com/bio-vanillin-market.html

Bio vanillin market is segmented into food, beverages, pharmaceuticals and fragrances in terms of application. Food segment dominated the bio vanillin market in 2016 and it is expected to retain its position over the forecast period. Pharmaceutical application segment is predicted to have high growth potential over the forecast period owing to the used of bio vanillin as a flavoring agent in various medical syrups, tablets and baby foods, among others. Food application segment has been further sub-segmented into ice-cream, baked goods, chocolates and others.

Geographically, the bio vanillin market has been segregated into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.

North America held a steady market share of the bio vanillin market over the forecast period. Food and Drug Administration (FDA) in the U.S. have its own regulatory norms for natural labeled products. Bio vanillin is considered as a natural ingredient under some pre-defined standards for which it is widely accepted by the consumers in this region. In terms of revenue, the U.S. accounted for the most dominant market share of the bio vanillin market in 2016 and it is expected to retain its dominance over the forecasts period.

In terms of revenue, Europe accounted for the majority of the market share of the bio vanillin market in 2016and it is projected to retain its dominance over the forecast period. European Food Safety Authority classified biotechnologically derived bio vanillin as a natural label. This in turn is likely to boost the bio vanillin market as there is an increasing demand of bio vanillin across various industries such as pharmaceuticals and fragrances among others. Bio based products are renewable and emits less toxic gases as a result bio vanillin is preferred over synthetic vanillin. Germany held a considerable market share of the bio vanillin market over the forecast period in terms of both revenue and volume.

Asia-Pacific is the most attractive region in the bio vanillin market in 2016 and it is projected to hold its position over the forecast period. Widespread application of bio vanillin in the food and beverages industry is the crucial driving factor of growth for the bio vanillin market. Adoption of healthy lifestyle among the consumers has resulted in the penetration of natural products in this region. Emerging economies such as China, Indonesia and India, among others have fuelled the demand for bio vanillin in this region. China accounted for a considerable market share of the bio vanillin market over the years to come.

Middle East & Africa is one of the fast growing markets in 2016 and it is expected to have a rising market share of the global bio vanillin market over the forecast period. Rise in the demand from the food and beverages industry has been the key driving factor for the growth of bio vanillin market in this region. Changing lifestyle coupled with the health concern among the consumers has led to the growth of bio vanillin market in this region.

Latin America had a nominal share of the bio vanillin market in 2016 and it is projected to have a steady demand over the forecast period. Adoption of bio based products in this region has led to the growth of the bio vanillin market. Brazil accounted for the majority of the market share of the bio vanillin market in this region.

The key players in the bio vanillin market are Solvay SA, GivaudanSA, Firmenich SA, Apple Flavor & Fragrance Group Co., Ltd., Advanced Biotech, Evolva Holding SA, Lesaffre, Archer Daniels Midland Company, Aurochemicals and Borregaard.

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The market has been segmented as follows:

Global Bio Vanillin Market: By Geography

North America
U.S.
Rest of North America

Europe

U.K.
Germany
France
Rest of Europe

Asia Pacific
China
India
Japan
Rest of Asia Pacific

Middle East and Africa
Saudi Arabia
Rest of Middle East and Africa

Latin America
Brazil
Rest of Latin America

Global Bio Vanillin Market: By Application

Food

Ice-Cream
Baked goods
Chocolates
Others

Beverages

Pharmaceuticals
Fragrances

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