Global Vanilla Market 2022-2028
Vanilla is a spice derived from orchids of the genus Vanilla, primarily obtained from pods of the Mexican species, flat-leaved vanilla. It is widely used to flavor foods and beverages. It is also used in medicines and fragrances. According to latest analysis by Gen Consulting Company, the global vanilla market was USD 1,388 million in 2021 and is expected to reach USD 1,927 million in 2028 and register a CAGR of 4.8% during the forecast period, 2022-2028.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global vanilla market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the vanilla industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, form, application, and region. The global market for vanilla can be segmented by product: conventional vanilla, organic vanilla. In 2021, the conventional vanilla segment made up the largest share of revenue generated by the vanilla market. Vanilla market is further segmented by form: beans, paste and extracts, powder. Based on application, the vanilla market is segmented into: cosmetics, food and beverages, personal care, pharmaceuticals, others. On the basis of region, the vanilla market also can be divided into: North America, Asia Pacific, Europe, Rest of the World (ROW).
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