Global Market for Organic Vanilla has witnessed continued demand during the last few years and is projected to reach USD 207 million at a CAGR of 18.24% by 2022. Diverse applications of vanilla in various industries owning to its nutritional value is likely to drive its market globally over the review period. Increasing demand for vanilla based on its application in personal care products and healthcare products is projected to propel the growth of this market. Chemical-free nature of organic vanilla represents stored and sustained medicinal properties, which drive the demand for vanilla in its natural form.
Africa will dominate the organic vanilla market (in terms of value and volume both) with more than 80% of the market share and is projected to reach a market value of more than USD 170 million at a CAGR of 21.9% by 2022. Production of organic vanilla from rest of the world is projected to witness a high growth rate of 7.75% during the given period owning to rising production capacity of organic vanilla in various other regions. Rising demand for organic food ingredients has also been playing a key role in the growth of the global organic vanilla market from last few years. Furthermore, high demand for healthy chemical-free food flavors and essence has increased the sale of organic vanilla on the global level owning to its unadulterated nature.
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The major key players in Organic Vanilla Market
- General Mills, Inc. (U.S.)
- Ever Organic (U.S.)
- The Vanilla Company (U.S.)
- Nielsen-Massey Vanillas Inc. (U.S.)
- Symrise AG (Germany)
- Super Africa Products (Madagascar)
- Nestlé S.A. (Switzerland)
By Downstream Analysis
Organic Vanilla will reach a market value of USD 207 million on a global level. Potential applications of organic vanilla in food and beverage industries have a positive impact on its market share growth. Based on the application, food and beverage will experience the highest growth rate followed by personal care. Food and beverage will account for a market share of more than 85% during the given period.
Among the regions, Africa will dominate the organic vanilla market with more than 80% of the market share and it is projected to reach more than USD 150 million by 2022. Rest of the world will witness the highest growth rate (~7.75%) during the forecast period 2017-2022. Growing popularity of organic vanilla owing to its widespread applications in personal care products and food and beverages is supporting its market growth on the global level. Rising health awareness and increasing health concerns have been playing a key role in the organic vanilla growth from the last few years.
- Global Organic vanilla market is projected to reach USD 207 million by 2022 at a growth rate of 18.24%
- Africa will experience the highest growth at a rate of 21.95% during the forecast period
- Application of organic vanilla in health care sector is projected to have a high growth rate of 11.64%
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Table of Contents
1 Executive Summary
3 Research Methodology
4 Premium Insights
5 Market Dynamics
6 Mega Trends
7 Market Factor Analysis
8 Global Organic and Conventional Vanilla Market Overview
9 Africa Organic and Conventional Vanilla Market Overview
10 Asia Pacific Organic and Conventional Vanilla Market Overview
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