What is Synthetic Vanillin Market?
Synthetic vanillin is an alternative for real vanilla extract. It is cheap and unhealthy. The vast quantity of synthetically produced vanillin is made from eugenol or guaiacol, petrochemicals which is derived from crude oil. However, the small amount of synthetic vanillin is produced from lignin waste, a by-product of the wood pulp industry. Also, there is no nutrient, vitamin, mineral, or other health benefits in synthetic vanillin. Synthetic vanillin is used in confections, baked goods, perfume, medicines and cleaning products.
The market study is being classified by Type (Guaiacol Vanillin and Lignin Vanillin), by Application (Food & Beverage, Cosmetic, Pharmaceutical and Other) and major geographies with country level break-up.
Rhodia (United States), Borregaard (Norway), Jiaxing Zhonghua (China), Liaoning Shixing (China), Shanghai Xinjia (China), Anhui Bayi Chemical Industry (China), Apple Flavor & Fragrance Group Co Ltd. (China), Camlin Fine Sciences Ltd. (India), De Monchy Aromatics (United Kingdom) and International Flavors & Fragrances (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that China Vendors will contribute to the maximum growth of Global Synthetic Vanillin market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Synthetic Vanillin market by Type, Application and Region.
On the basis of geography, the market of Synthetic Vanillin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Consumer Consciousness Pertaining to Health
- Increasing Demand from Various End use Industries
Market Trend
- Increasing Investments in Research and Developments
Restraints
- Growing Health Concerns May Hamper the Market
Opportunities
- Growing End Use Industries Such as Food and Beverage
- Increasing Disposable Income
Challenges
- Rising Awareness of Healthy Food and Lifestyle
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others