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Production of bio vanillin through biotechnological methods generates lesser unwant ed side products. For instance, there is lower toxicity, minimal emission of greenhouse gases, and lesser energy consumption. These factors make biotechnological methods a‘ greener’ alternative.
The global bio vanillin industry is still in its infancy. Manufacturers are claiming their products to be natural. A few products have also been approved by regulatory bodies. As per regulations of the European Parliament and the Council, bio vanillin produced by biotechnological methods using natural inputs are termed‘ natural flavoring’. This however, needs specification of source.
The bio vanillin market is split into applications and regions. Applications comprise food & beverages, pharmaceuticals, and fragrances. Food & beverages dominated the market with over 65 % of the total volume shares in 2015. Surging demand for foods with a sweet aftertaste can propel the market in the forecast period.
‘ Fragrances’ was the second largest market in 2015. With a market share of 24 %, this segment stood at nearly USD 31 million in the same year. It may expand at an 8.3 % CAGR from 2016 to 2024. Fragrances are vastly used in cosmetics, personal care products, detergents, and chemical formulations. Pharmaceuticals can gain at over 8 % CAGR( with respect to volumes) in the forecast period. This is attributed to the growing trend of using flavorings in syrups and tablets.
Based on regions, the industry is segmented into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa( MEA). Asia Pacific bio vanillin led the worldwide market in 2015 with a 40 % share in terms of volume. Use of the product in bakery and
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