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confectionery products in nations like , Malaysia , Indonesia , Vietnam , China , and India will impel market growth .
The bio vanillin industry will grow at a steady pace in regions , such as North America and Europe . North America is estimated to grow at a CAGR of over 5 %. Europe is estimated to expand at over 7 % CAGR in the years to come . Regulatory norms will play a crucial role in the development of these markets .
This product is widely used in a host of fragrances , foods , and drinks . Such a trend will contribute substantially to the growth of this market in the forthcoming years .
Major competitors in the global industry are Apple Flavors & Fragrances Group Company Limited , Solvay SA , International Flavors & Fragrances , and Ennloys . Companies engage in strategic partnerships & technological developments for occupying more shares .
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