Global Bio Vanillin Market 2018-2022
About Bio Vanillin
Bio vanillin is extensively used as a flavoring agent in various applications such as food, beverages, and pharmaceuticals. Bio vanillin is preferred over synthetic vanillin as it is a safer and healthier alternative compared to synthetic vanillin. It has been used as the finest component in personal care and medicines products and perfumes.
Technavio’s analysts forecast the global bio vanillin market to grow at a CAGR of 8.32% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Bio Vanillin Market 2018-2022.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bio Vanillin Market 2018-2022.
Technavio recognizes the following companies as the key players in the Global Bio Vanillin Market
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the surge in the demand from the confectionery industry.”
According to the report, one driver in the market is consumer awareness regarding the adverse effects of artificial food ingredients.
Further, the report states that one challenge that might affect market growth is the high cost of bio vanillin compared to synthetic vanillin.
Apple Flavor & Fragrance Group