South America Vanilla Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Form (Paste, Liquid, Powder, and Beans), Category (Organic and Conventional), and Application (Food and Beverages, Personal Care, Pharmaceuticals, and Others)

South America Vanilla Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Form (Paste, Liquid, Powder, and Beans), Category (Organic and Conventional), and Application (Food and Beverages, Personal Care, Pharmaceuticals, and Others)

The vanilla market in South America is expected to grow from US$ 2.87 million in 2021 to US$ 4.01 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028.

Vanilla is widely used across several industries, such as food and beverage, personal care and cosmetics, pharmaceuticals, home fragrance, and animal feed. Vanilla is one of the most popular flavoring agents used in various food products and beverages, such as cakes, pastries, cookies, muffins, biscuits, ice creams, desserts, smoothies, chocolates, coffee, cocktails, and dairy products. It is also used in spice blends, dry mixes, barbecue sauces, and several other products. For many years, vanilla has been witnessing significant demand from the food and beverage industry. It is also experiencing widespread application in the foodservice sector. As this sector has partially recovered from the COVID-19 pandemic, the demand for vanilla in all forms is projected to increase across the region. Vanilla finds extensive usage in the personal care and cosmetic industry as well. With the growing awareness about its anti-inflammatory and anti-aging properties, its use in various skincare products, such as moisturizers, anti-aging lotions, sunscreens, and face masks, has increased. Due to its unique fragrance, it is used in perfumes, deodorants, and soaps. It also finds application in medicines for masking off-flavor and in ointments due to its anti-bacterial properties. The home fragrance industry is also a key end user of vanilla. Scented candle manufacturers often utilize vanilla in their products as its fragrance creates a relaxing and calming effect. Furthermore, protein powder manufacturers also use vanilla as a flavoring agent in their products. Vanilla is extensively used across multiple end-use industries and is experiencing massive demand due to its rich flavor and unique aroma. Thus, the rising demand for vanilla in various end-use industries is boosting the market substantially.

Brazil was ranked the third-most affected economy due to the COVID-19 pandemic globally. In South America, Brazil had the highest number of COVID-19 cases, followed by Argentina, Colombia, Peru, Chile, among others. The governments in South America had taken an array of actions to protect their citizens and combat the spread of the COVID-19 virus through lockdowns, trade bans, and travel restrictions, which negatively impacted the growth of the vanilla market.

With the new features and technologies, vendors attract new customers and expand their footprints in emerging markets, thereby driving the South America vanilla market. The South America vanilla market is expected to grow at a significant CAGR during the forecast period.

South America Vanilla Market Revenue and Forecast to 2028 (US$ Million)

South America Vanilla Market Segmentation

South America Vanilla Market - By Form

Paste Liquid Powder Beans South America Vanilla Market - By Category

Organic Conventional South America Vanilla Market - By Application

Food & Beverages Personal Care Pharmaceuticals Others South America Vanilla Market - By Country

Brazil Argentina Rest of SAMSouth America Vanilla Market - Companies Mentioned

Camlin Fine Sciences Ltd. Givaudan S.A. Nielsen-Massey Vanillas, Inc. Symrise Kerry Group Touton S.A.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America vanilla market.
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 South America vanilla market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth South America market trends and outlook coupled with the factors driving the vanilla market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution