Global Vanilla Market Forecast to 2028 - COVID-19 Impact and Analysis

DUBLIN, Feb. 28, 2022 /PRNewswire/ -- The "Vanilla Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Form, Category, and Application" report has been added to ResearchAndMarkets.com's offering.

The vanilla market was valued at US$ 1,434.51 million in 2021 and is projected to reach US$ 1,956.09 million by 2028. It is expected to grow at a CAGR of 4.5% from 2021 to 2028.

Vanilla is the second-most expensive spice after saffron. The bourbon vanilla grown in Madagascar is very popular for its rich flavor, purity, and aroma. Growing vanilla is a tedious process, and growers need to follow stringent procedures to meet the required quality standards. It is cured and dried before packaging as the curing process offers vanilla beans their distinct flavor and aroma.

Based on the application, the vanilla market is bifurcated into food and beverage, personal care, pharmaceuticals, and others. The food and beverage segment accounted for a larger market share in 2020. The personal care segment is expected to register a higher CAGR in the market during the forecast period. Due to its anti-inflammatory and soothing properties, vanilla extract is widely used in personal care products, such as moisturizers, scrubs, and anti-aging creams. Vanilla extract is used in products that help fight acne as it possesses antibacterial and antioxidant properties that prevent breakouts while also soothing redness and inflammation. Vanilla contains B-vitamins, such as niacin, thiamin, B6, and pantothenic acid, which are vital for healthy skin. The antioxidant properties of vanilla help protect the skin from pollution and contaminants. Due to all these properties, personal care product manufacturers are frequently utilizing vanilla in their products.

Based on the region, the vanilla market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America (SAM). In 2020, North America held the largest share of the global vanilla market. Asia Pacific is estimated to register the fastest CAGR in the market over the forecast period. The food & beverage industry is an essential part of the US economy. According to the US Committee for Economic Development report, the food and beverage industry consists of close to 27,000 organizations and employs almost 1.5 million people. The continued expansion in the North America food & beverage industry is significantly influencing other related markets, including vanilla.

The leading players in the vanilla market are Camlin Fine Sciences Ltd; Givaudan SA; Heilala Vanilla US; LAFAZA Foods; Nielsen-Massey Vanillas, Inc.; Symrise; The Vanilla Company; Kerry Group; Touton SA; and Madagascar Vanilla Company.

Reasons to Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global vanilla market, thereby allowing players to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Global Vanilla Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.3.1 Cultivators and Growers
4.3.2 Manufacturing/Processing
4.3.3 Application/End Use Industries
4.4 Expert Opinion

5. Vanilla Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Vanilla Usage in Various End-use Industries
5.1.2 Rising Demand for Natural Food Additives/Flavorings
5.2 Market Restraints
5.2.1 Price Volatility and Supply Shortage
5.3 Market Opportunities
5.3.1 Rising Demand for Organic Vanilla
5.4 Future Trends
5.4.1 Growing Popularity of Clean-label and Plant-based Products
5.5 Impact Analysis of Drivers and Restraints

6. Vanilla - Global Market Analysis
6.1 Vanilla Market Overview
6.2 Vanilla Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning - Key Market Players

7. Global Vanilla Market Analysis - By Form
7.1 Overview
7.2 Vanilla Market, By Form (2020 and 2028)
7.3 Paste
7.3.1 Overview
7.3.2 Paste: Vanilla Market - Revenue and Forecast To 2028 (US$ Million)
7.4 Liquid
7.4.1 Overview
7.4.2 Liquid: Vanilla Market - Revenue and Forecast To 2028 (US$ Million)
7.5 Powder
7.5.1 Overview
7.5.2 Powder: Vanilla Market - Revenue and Forecast To 2028 (US$ Million)
7.6 Beans
7.6.1 Overview
7.6.2 Beans: Vanilla Market - Revenue and Forecast To 2028 (US$ Million)

8. Vanilla Market Analysis - By Category
8.1 Overview
8.2 Vanilla Market, By Category (2020 and 2028)
8.3 Organic
8.3.1 Overview
8.3.2 Organic: Vanilla Market - Revenue and Forecast To 2028 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Vanilla Market - Revenue and Forecast To 2028 (US$ Million)

9. Vanilla Market Analysis - By Application
9.1 Overview
9.2 Vanilla Market, By Application (2020 and 2028)
9.3 Food and Beverages
9.3.1 Overview
9.3.2 Food and Beverages: Vanilla Market - Revenue and Forecast To 2028 (US$ Million)
9.4 Personal Care
9.4.1 Overview
9.4.2 Personal Care: Vanilla Market - Revenue and Forecast To 2028 (US$ Million)
9.5 Pharmaceuticals
9.5.1 Overview
9.5.2 Pharmaceuticals: Vanilla Market - Revenue and Forecast To 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Vanilla Market - Revenue and Forecast To 2028 (US$ Million)

10. Global Vanilla Market - Geographic Analysis

11. Overview- Impact of Coronavirus Outbreak
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia- Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.5 South and Central America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape
12.1 Overview
12.2 New Product Development
12.3 Merger and Acquisition

13. Company Profiles
13.1 Camlin Fine Sciences Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Givaudan S.A
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Heilala Vanilla US
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 LAFAZA Foods
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Nielsen-Massey Vanillas, Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Symrise
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 The Vanilla Company
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Kerry Group
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Touton S.A
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Madagascar Vanilla Company
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments

14. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/1ej7yc

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets