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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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