Bio Vanillin Market to witness immense growth from biotechnological applications by 2023
Date: 2019-06-07   Author: Rahul Sankrityayan  Category: #news

Bio Vanillin Market to witness immense growth from biotechnological applications by 2023

Global Market Insights, Inc. has launched a report on Bio Vanillin Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

The scientific know-how era we are living in today is advancing in every aspect. The rising population and adoption of technology by people has brought a hi-tech revolution across all the industries. The urge for something better and of course cheaper is growing widely. Right from the information technology used at a global level to the food and beverages essential for our day to day lives, science has taken over.

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A paradigm shift can be seen from the use of synthetic product towards the bio-renewable products, pertaining to the health consciousness of the consumers. This major concern is primarily effecting the food & beverage industry on a large scale and hence promoting the growth of health as well as environmental friendly products.

While there has been a number of bio-renewable products introduced lately, the growth of the Bio Vanillin market is worth noticing. The consumer preferences of natural products over the synthetic items and the demand for new flavors are driving the growth of this market. The high demand for Vanillin is due to its massive usage in various sectors. Relevant to the food & beverage industry, it can be used as a flavoring agent, food preservative (however, this usage is hampered owing to its strong smell), and precursor in the manufacture of different flavorings. Vanillin also finds extensive application in fragrances and pharmaceutical preparations.

The product is at its initial development stage, while industry participants claim a ‘natural’ product, there is some ambiguity regarding this classifications, as a few groups have claimed these products are artificial owing to its production from genetic engineering. Naturally derived vanillin from the pod remains in demand, however, a very high price and limited cultivation is unable to meet global demand.

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Biotechnology is also an important route in terms of addressing food waste and natural feedstock issues, permitting low value compound conversions to products of significant commercial interest. However, commercial success of the product will hinge on competitive bio vanillin market price trend.

Bio vanillin Market Application Analysis (Volume, Tons, Revenue, USD Million, 2012 – 2023)

  • Food & Beverages
    • Chocolate
    • Ice-cream
    • Confectioneries & baked goods
    • Others
  • Fragrances
  • Pharmaceuticals

Synthetic biology vanillin process is likely to lead the biomass removal required for good agricultural soil. Synthetic organisms may also harm the ecology on their escape either intentionally or unintentionally into the environment from a lab which is likely to be a threat for industry growth of bio vanillin market.

North America bio vanillin market led the regional industry demand and was valued at over USD 3 million. Brewery industry expansion accompanied by positioning as a premium product ingredient in food & beverages and fragrances are key driving factors. France bio vanillin market size is projected to grow at over 12.9% CAGR up to 2023.

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Vanillin downstream derivatives such as vanillyl alcohol, vanillic acid, and methoxyhydroquinone can serve as platform chemicals for 22 polymer compounds which can be used for the synthesis for polyesters, non-isocyanate polyurethanes (NIPU) and epoxy resins.

Global bio vanillin market share is nascent and at development phase. Solvay, Ennloys, Evolva, and Apple Flavor & Fragrance Group are major industry players.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA
Global Market Insights, Inc.
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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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