Bio Vanillin Market size to surpass $49 Mn by 2032

Bio Vanillin Market size is anticipated to reach USD 49 million by 2032, according to a new research report by Global Market Insights Inc.
 

Increasing application scope across the field of biotechnology will positively influence the market development. In recent years, the growing demand for aromatic flavor compounds in foods, perfumes, beverages, and pharmaceuticals is witnessing a significant rise. This has resulted in the surging preference for bio vanillin in biotechnological activities as most of these chemical companies are focusing on replacing synthetic vanillin with bio-based products. The flourishing incorporation of bio-technologically produced vanillin in various applications will also bolster the industry expansion.
 

Rising adoption in medicine production to boost bio vanillin demand  

The bio vanillin market share from the pharmaceuticals application segment accounted for USD 0.90 million revenue in 2022. Vanillin is extensively utilised in pharmaceuticals as well as fine chemicals as a flavoring agent as it helps to eliminate the odor and sour taste of medicines.  It is exceptionally valuable and is hence profoundly used in a large number of chemical and pharmaceutical commercial enterprises as a blend for making herbicides, antifoaming specialists and medications. Rising usage in the form of anticlastogenic and antimicrobial agents will also propel the market demand.
 

Browse key industry insights spread across 340 pages with 467 market data tables and 14 figures & charts from the report, “Bio Vanillin Market Size by Application (Food and Beverages {Ice Cream, Chocolate, Confectioneries & Baked Goods, Others} Fragrances, Pharmaceuticals) & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/bio-vanillin-market
 

Robust advances in the food & beverages sector to augment bio vanillin industry growth in APAC

Asia Pacific bio vanillin industry size is poised to record more than 9.5% CAGR up to 2032, attributed to the rapidly expanding pharmaceutical sector in the region. The pharmaceutical industry in India is projected to cross USD 130 billion by 2030. The ascending consumer awareness pertaining to good health and hygiene has spurred the demand for natural based ingredients in most regions across the APAC. Hence, bio vanillin is witnessing prolific use in various product formulations. The significant strides in the food & beverages industry, mainly in China and India is another impact rendering trend influencing the regional bio vanillin industry demand.
 

Strategic partnerships to outline competitive landscape of the market

Key participants operating in bio vanillin market are Evolva, De Monchy Aromatics, Omega Ingredients Ltd., Advanced Biotech, Solvay,Ennolys, Comax Flavors, Alfrebro, LLC, Beijing LYS Chemicals Co., Ltd., and Aurochemicals. These companies are focusing on partnership strategies, such as partnerships and acquisitions for new product launches in a bid to focus on the development of high-quality products. To cite an instance, in March 2020, Evolva inked a collaboration deal with well-known personal care product manufacturer, International Flavors and Fragrances (IFF) for further developing and expanding the commercialization of vanillin.