Vanilla Extract Market Size – By Vanilla Beans, Form, Application Analysis, Share, Growth Forecast, 2025-2034

The liquid vanilla extract segment generated USD 4.2 billion in 2024 and is anticipated to expand at a 5.5% CAGR during 2025 to 2034, owing to its versatility and ease of use in food and beverage applications.

The key players in the industry include Adams Flavors, Firmenich SA, Foods & Ingredients, Frontier Co-op, Kerry Group, McCormick & Company, Naturalight Foods, Nielsen-Massey Vanillas, OliveNation, and Saucer Brands.

The U.S. market was valued at over USD 939.3 million in 2024 and is expected to witness 4.5% CAGR through 2034, driven by demand for natural and organic products in premium bakery and confectionery items.

The market size of vanilla extract reached USD 5.3 billion in 2024 and is set to grow at a 5.7% CAGR from 2025 to 2034, driven by rising demand for natural flavorings in the food and beverage sector.