The
global vanillin market is expected to grow by USD 262.37 million during
2020-2024, according to the latest market research report by Technavio.
The demand for food and beverage items that contain natural food
additives such as bio vanillin is increasing. However, the process of
manufacturing bio vanillin or natural vanillin is expensive when compared with
that of synthetic vanillin. As a result, the demand for synthetic vanillin is
increasing around the globe. Synthetic vanillin is extensively used in the
production process of processed food items. It is used in the production of
food and beverage items such as chocolates, cakes, and sweets. Thus, the
increased consumption of synthetic vanillin will boost the growth of the vanillin
market during the forecast period.
As per Technavio, the use of vanillin for the prevention of psoriasis
will have a positive impact on the market and contribute to its growth
significantly over the forecast period. This research report also analyzes
other significant trends and market drivers that will influence market growth
over 2020-2024.
Vanillin Market: The Use of Vanillin for the Prevention of Psoriasis
Vanillin is finding various pharmaceutical applications in the
healthcare industry. Around 120 million individuals around the world are
affected by psoriasis skin ailment. Physicians prescribe medications to remove
scales and stop the skin cells from growing so quickly. The use of vanillin to
treat psoriasis is becoming one of the major trends in the market as it has
proved to work against psoriatic skin infections and other inflammatory
conditions. Thus, with the growing use of vanillin in the prevention of
psoriasis, the market for vanillin is expected to showcase a positive outlook
during the forecast period.
Vanillin Market: Segmentation Analysis
This market research report segments the global vanillin market by
application (food and beverages, fragrances and pharmaceuticals), and
geographic segmentation (APAC, Europe, MEA, North America, and South America).
The APAC region led the vanillin market in 2019, followed by Europe,
North America, MEA, and South America. During the forecast period, the APAC
region is expected to register the highest incremental growth due to the
growing demand for vanillin-based food products from China and India.
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