Market Overview:
Vanilla essence is known as a substance which is extracted from vanilla beans and it is used to flavor several dishes and desserts. It is the extract which is made from beans of vanilla which are basically soaked in alcohol. It is one of the most widely used substance as a flavouring as it is most common flavor. It is used for both domestic and commercial purposes. Vanilla essence is basically a manufactured liquid which tastes a bit like vanilla but it contains little or in fact no real vanilla. There are many ways for making a flavor of synthetic vanilla. Due to rising demand in various food products the market of the vanilla essence is growing while some of the factors like availability of the substitutes is hampering the market at some aspect.
Influencing Trend:
Changing Life Style and Consumer Preference and Increasing Demand for Natural Ingredients
Market Growth Drivers:
Growing Demand for Various Food Product and Rise in purchasing power of the consumer in emerging countries
Challenges:
Presence of Substitute to Vanilla Essence
The key Vendors profiled in the report are Solvay (Belgium), Anhui Biao Ben Food Science and Technology (China), Heilala Vanilla (United States), Prova (France), Beijing deland Biotechnology (China), Nanchang DuoMei Bio-Tech (China) and Queen Fine Foods Pty Ltd (Australia).