In the last few years, the demand for fragrance-based personal care and cosmetic products has been growing all over the globe. As a good fragrance, vanilla has particular functional property that allows the repair of the skin damage. For instance, vanilla is rich in antioxidants, which helps to reduce skin damage and neutralize the free radicals. As a result of its functional property, vanilla liquids, pastes and powders are highly used in personal care and cosmetic products. Thus, the growing usage of vanilla in the personal care and cosmetic industry will boost the market growth in the upcoming years.
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Data Bridge Market Research analyses a growth rate in the Global Vanilla Market is expected to reach USD 394.68 billion by 2029 from USD 263.70 billion in 2021, growing with a substantial CAGR of 5.17% in the forecast period of 2022 to 2029. Growing launches of vanilla-flavored products will likely to increase the growth of the global vanilla market.
Growing demand for vanilla in food and beverage industry is expected to drive the market's growth rate
The demand for vanilla in the food and beverage industries is increasing swiftly. Vanilla extract is a significant flavoring agent in food and beverage processing industry. Vanilla is added in numerous food applications, including chocolate and confectionery, processed foods, dairy-based products, bakery products, and others, to enhance its flavors and taste In the food industry,. Thus, the rising demand for vanilla paste, powder, and liquid in the food and beverage industries is expected to drive the growth of the market during the forecast.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Organic, Conventional), Origin (Natural, Synthetic), Form (Liquid, Powder, Paste), Distribution Channel (Retailers, Supermarket, Hypermarket, E-commerce), End-Use (Food Industry, Beverages, Cosmetics Industry, Pharmaceuticals Industry)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Market Players Covered
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Amadeus Trading Co. (U.S), Apex Flavors Inc. (U.S), Boston Vanilla Bean Company (U.S), Charles H. Baldwin and Sons (U.S), Daintree Vanilla and Spice (Australia), E.A. Weber and Co. (U.S), Eurovanille (France), Lochhead Manufacturing Company (U.S), MacTaggarts Brand (U.S), McCormick and Company Inc (U.S), Mikoya Kasho Co. Ltd. (Japan), Nielsen Massey Vanillas Inc. (U.S), Rodelle Inc. (U.S), SAMBIRANO AROMATIC (Switzerland)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The vanilla market is segmented on the basis of product type, origin, form, distribution channel and end-use.
- On the basis of product type, the vanilla market is segmented into organic and conventional.
- On the basis of origin, the vanilla market is segmented into natural and synthetic.
The synthetic terminal segment of origin segment is anticipated to dominate the vanilla market
Synthetic segment is expected to dominate the market with 95.00% market share because of growing demand for natural food products from consumers.
- On the basis of form, the vanilla market is segmented into liquid, powder and paste. Liquid segment is expected to dominate the market with 60.83% market share because liquid vanilla is extensively used in bakery and food industry.
- On the basis of end use, the vanilla market is segmented into food, beverages, personal care products, pharmaceuticals industry, households/ home cooking and others.
The food segment of end use segment is anticipated to dominate the wearable conferencing technology market
Food segment is expected to dominate the market with 35.64% market share because it is widely used in the preparation of confectionery, bakery and dairy based products.
- On the basis of distribution channel, the vanilla market is segmented into B2B and B2C. B2C segment is expected to dominate the market with 70.76% market share because consumption of vanilla is growing among customers.
Major Players
Data Bridge Market Research recognizes the following companies as the major vanilla market players in vanilla market Amadeus Trading Co. (U.S), Apex Flavors Inc. (U.S), Boston Vanilla Bean Company (U.S), Charles H. Baldwin and Sons (U.S), Daintree Vanilla and Spice (Australia), E.A. Weber and Co. (U.S), Eurovanille (France), Lochhead Manufacturing Company (U.S).
Market Development
- In 2021, Unilever introduced a double chocolate vanilla truffle bar under Magnum, a luxury ice cream brand. This bar comprises dark chocolate ganache sauce swirled by vanilla ice cream.
- In 2021, Unilever launched a Vanilla Viennetta named Good Humor and Klondike. The vanilla vendetta is mainly featured with vanilla base sandwiched between the layers of the chocolate in cake shape.
- In 2020, Mother Dairy Fruit & Vegetable Pvt. Ltd, a dairy product brand, introduced ice-cream chocolate under the name Rocket. This ice cream is flavoured with Belgian chocolate and French vanilla.
Regional Analysis
Geographically, the countries covered in the vanilla market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in vanilla market during the forecast period 2022 to 2029
Asia-Pacific dominates the vanilla market because of growth and expansion of food and beverage sector in this region. Furthermore, increasing demand for vanilla from emerging markets such as India, China, and Indonesia, among others, will further enhance the market growth in this region.
North America is estimated to be the fastest-growing region in vanilla market the forecast period 2022 to 2029
North America is expected to grow from 2022 to 2029 because of increasing health consciousness and growing preference for natural products among consumers in this region. Additionally, increasing personal disposable income in this region will further boost the market growth.
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