Givaudan, ADM and International Flavors & Fragrances Inc. are Dominating the Global Vanilla Beans and Extract Market in 2021

Global Vanilla Beans and Extract Market is expected to grow with the CAGR of 3.6% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global vanilla beans and extract market is a highly saturated market, with includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Global vanilla beans and extract market are introducing strong range of service portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In July 2019, Akras launched a high-quality new natural vanilla flavour which acts as an alternative for expensive vanilla pods. The new vanilla extract substitute flavour is available in dry and liquid form. As a result of increased the cost of vanilla pods, the company has launched innovative vanilla flavours to meet the customer's demand. Thus, the new launch will increase the company’s growth in the market.

Givaudan is the dominating player in global vanilla beans and extracts market. The other key players existing in the market includes ADM, Nielsen-Massey Vanillas, Inc., Heilala USA, Kerry, VanillaPura, AUST & HACHMANN (Canada) Ltd., Eurovanille, E.A. WEBER AND CO., Symrise, Firmenich SA, Synthite Industries Ltd., Solvay, pure-vanilla-mg, Borregaard AS, Lochhead Manufacturing Company, Akras, Sensient Technologies Corporation, Madagascar Flavors and International Flavors & Fragnances Inc. among others.

Vanilla Beans and Extract Market

GIVAUDAN

Givaudan is headquartered in Geneva, Switzerland which was founded in 1895. The company is focused on manufacturing flavours, fragrances, health and personal care products to the customers. The company offers wide range of product categories such as taste, sense, nutrition, health and integrated solution among which taste is the market focused category. The company operates their business through taste & wellbeing, fragrance & beauty.

For instance,

  • In September 2019, Givaudan inaugurated a new processing plant named NATEMA (Natural Extracts Madagascar) in Madagascar. NATEMA plant is a joint venture between Givaudan and Henri Fraise Fils et Cie. a Madagascar-based company. This plant is established to offer the best ingredient to the customer and create value in partner communities.

The company has wide global presence across the globe such as Europe, North America, South America, Asia-Pacific, and Middle East and Africa.

ADM

ADM is headquartered in Illinois; U.S. was founded in year 1902. The company focuses on transforming natural products into a complete portfolio of ingredients and flavours for food & beverage supplements, nutrition for pets and livestock. The company offers wide range of product categories food & beverage, health & wellness, animal nutrition, industrials, fuel among which food & beverage is market focused category. The company operates their business through Ag services & oilseeds, carbohydrate solutions, and nutrition. 

For instance,

  • In January 2020, ADM acquired Yerbalatina Phytoactives, a leading manufacturer of plant-based extracts and ingredients. This acquisition will expand ADM’s business in Brazil and strengthen its position in the health & wellness market.

The company has presence in Europe, Middle East and Africa, Asia-Pacific, South America, North and America and subsidiaries are ADM Germany GmbH (Germany), ADM Europe B.V. (Netherlands), ADM do Brasil Ltda. (Brazil) and others.

INTERNATIONAL FLAVORS & FRAGRANCES INC.

International Flavors & Fragrances Inc. is headquartered in Grasse, France which was founded in 1833. The company focused on developing flavors and fragrance which is used in wide variety of consumer products and packaged goods.  The company offers wide range of product categories bakery, confectionery, beverages, culinary & snacks, pharma and colours among which bakery, confectionery, dairy, and pharma are the market focused category. The company operates their business through taste and scent.

For instance,

  • In March 2020, International Flavors & Fragrances Inc. has entered a new partnership with Evolva, a Swiss biotech company. This agreement will expand the commercialization of the IFF products and Evolva will develop further vanillin.

The company has global presence in Europe, Middle East and Africa, Asia-Pacific, and Americas and subsidiaries are I.F.F. Essencias e Fragrancias Ltda. (Brazil), Sonarome Private Limited (India) and others.