Vanillic Acid Market Introduction and Overview
According to SPER market research, ‘Global Vanillic Acid Market Size- By Application, By Purity – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Vanillic Acid Market is predicted to reach 26.81 billion by 2034 with a CAGR of 2.43%.
Vanillic acid is a benzoic acid derivative used to flavour foods. When vanillin is converted into ferulic acid, it produces an oxidised version of vanillin. Vanillic acid is used as a flavouring agent by many food manufacturers due to its antioxidant, antibacterial, anti-inflammatory, anti-cancer, and anti-obesity effects. It is commonly used as a flavouring agent in confectioneries, drinks, and baked goods.
Restraints:
The vanillic acid market faces major challenges due to competition from synthetic substitutes and a shortage of raw materials. The limited availability of natural sources, particularly vanilla beans, is a key issue. Factors like weather, crop diseases, and geopolitical events can disrupt the vanilla bean supply chain, causing shortages and increased costs for producers.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered
By Application, By Purity
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
Solvay, Donglian Nankai FlavorDlflavor, Quzhou Mingfeng Chemical, The Good Scents Company, Parchem Fine & Specialty Chemicals, Otto Chemie Pvt. Ltd, Lanxess.
Global Vanillic Acid Market Segmentation:
By Application:
Based on the Application, Global Vanillic Acid Market is segmented as; PharmaceuticalIntermediates, Flavors and Fragrances, Other Applications.
By Purity:
Based on the Purity, Global Vanillic Acid Market is segmented as; Purity 99%, Purity 98%, Others.
By Region:
This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East &Africa.
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