Global Bio Vanillin Market

Bio Vanillin Market Size, Share, Growth Analysis, By Product(Synthetic and Bio Based), By Application(Food & beverage, Fragrance, Pharmaceuticals), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15E2355 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 61 | Figures: 75

Bio Vanillin Market News

  • In January 2024, GK Spark Plugs (U.S.A.) Inc. is added to its ignition coil line by introducing its MOD Performance Ignition Coils. NGK Spark Plugs-branded MOD Performance Ignition Coils are designed and built for enthusiasts and performance vehicles. The launch includes 10-part numbers covering over 40 million VIO for popular enthusiast applications and will be sold in multipacks per car quantities. 
  • In December 2023, AISIN showcased its commitment to providing affordable auto parts by introducing two stellar additions: the Ignition Coil and Fan Motor.
  • In July 2023, NGK Spark Plugs U.S.A. Inc. expanded its coverage of spark plugs and ignition coils by adding 15 new part numbers to this product catalog. This will extend category-leading spark plug designs and ignition coil technologies into the aftermarket. 
  • New natural vanillin tastes were introduced by Solvay in September 2022 for the food and beverage sectors. Rhovanil Natural Delica, Alta, and Sublima are the three new natural flavor ingredients that it adds to the lineup of one of its hallmark products, Rhovanil Natural CW. 
  • May 2022 saw the announcement by Solvay of an investment to expand its biotechnology capabilities and promote the development of natural ingredients at Suanfarma's Cipan manufacturing site in Lisbon, Portugal. 
  • Foodchem International Corporation announced in January 2022 the launching of FoodVanil, a product that releases vanilla bean essence gradually at temperatures above 200.
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FAQs

Bio Vanillin Market size was valued at USD 199.25 million in 2022 and is poised to grow from USD 213 million in 2023 to USD 363.24 Million by 2031, at a CAGR of 6.9% during the forecast period (2024–2031).

A number of flavour and fragrance ingredient producers, including Firmenich, Givaudan, and International Flavors & Fragrances, are forming alliances with synthetic biotechnology firms to create microbial cell technology, which would serve as a new manufacturing platform for the biosynthesis of various high-value fragrance or flavour molecules. Throughout the course of the projection period, this is anticipated to be a crucial development. 'Solvay SA (Belgium)', 'Givaudan SA (Switzerland)', 'Firmenich SA (Switzerland)', 'Evolva Holdings SA (Switzerland)', 'Advanced Biotech (United States)', 'Borregaard (Norway)', 'Jiaxing Zhonghua Chemical Co., Ltd. (China)', 'Prinova Group LLC (United States)', 'Lesaffre (France)', 'Synerzine (Netherlands)', 'Aurochemicals (United States)', 'Shanghai Xinjia Food Additive Co., Ltd. (China)', 'Ennolys (France)', 'Anhui Bayi Chemical Industry Co., Ltd. (China)', 'Jiaxing Nice Chemicals Co., Ltd. (China)', 'Nutra Food Ingredients LLC (United States)', 'Anhui Fengle Perfume Co., Ltd. (China)', 'Xiamen Hisunny Chemical Co., Ltd. (China)', 'Guangdong Sino Flavor Ingredients Co., Ltd. (China)', 'Zhongbei Northland Bio-Chem Industry Co., Ltd. (China)'

There is a growing consumer preference for natural and sustainable ingredients in food, beverages, pharmaceuticals, and fragrances. Bio vanillin, being derived from renewable sources and produced through biotechnological processes, is considered a natural and sustainable alternative to synthetic vanillin. The increasing demand for natural and sustainable flavors is driving the growth of the bio vanillin market.

With sustainability becoming a key concern for consumers and stakeholders, many bio vanillin manufacturers are emphasizing sustainable sourcing practices, including responsible agriculture, fair trade, and transparent supply chains. Traceability and certification of bio vanillin as organic, non-GMO, and sustainable are becoming important factors influencing purchasing decisions, leading to increased demand for certified bio vanillin.

The demand for bio vanillin in the Asia Pacific region, which topped 60 tonnes, dominated the market. Due to the increased demand for flavours from the bakery and confectionery sector, emerging markets like India, China, Malaysia, Vietnam, and Indonesia are anticipated to significantly contribute to the growth of the industry throughout the projection period.

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Global Bio Vanillin Market

Report ID: SQMIG15E2355

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