Albany, NY — Consumer demand for organic products coupled with an increasing need for flavoring agents across industries is anticipated to propel the global bio vanillin market, which is expected to grow 7.4 percent by the end of 2025, reaching $14.3 million, according to Transparency Market Research (TMR).
In 2016, during which bio vanillin sales reached $7.6 million, the food segment made up the prominent end-use industries, comprising a 50.8 percent market share, TMR reports.
Growing need for flavoring agents along with technology advancements in food and beverage industries will invigorate the market during the forecast period.
While global bio vanillin sales are anticipated to grow, the market will face challenges as the products carry a higher cost than those of synthetic vanillin, according to TMR. Further, production of organic vanillin is labor intensive, which could further discourage small operators from adopting bio vanillin options.