Global Vanilla (B2C) Market is expected to grow with a CAGR of 5.2% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.
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The vanilla market is fragmented, and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in the global vanilla (B2C) market.
Vanilla is a spice derived from the orchids of the genus vanilla. It is widely cultivated in various regions across the world. Moreover, Madagascar, Mexico, and Indonesia are leading in the production of vanilla beans. The vanilla flavour is extracted from the vanilla beans, named natural vanilla extract in the market. However, the demand for vanilla flavour is rising promptly among consumers, leading the vanilla processor to produce synthetic vanilla extract from renewable resource. The vanilla beans are classified into grade A, grade B, and others based on the quality.
Similarly, vanilla is segmented into various forms such as liquid, powder, and paste. The vanilla beans, and extracts are widely used in bakery, confectionery, and dairy based products. In addition, vanilla has extensive pharmaceutical, and personal care products applications.
For instance:
- In January 2020, Nielsen-Massey Vanillas, Inc. announced Madagascar Bourbon pure vanilla bean paste and pure vanilla bean paste in a new 2-ounce bottle. The company offers smaller products to meet the consumer demand for convenience products and package in trails. Thus, the new launch of vanilla bean paste in convenience package helped in increasing the net sale and improve the company's growth in the market
- In April 2017, Nielsen-Massey Vanillas, Inc. was rewarded with SQF-7.2 Level 3 Certification by the Safe Quality Food Institute (SQFI). Level 3 certification recognises that the product meets the food safety fundamentals. In addition, it is the stringent and highest level certification awarded by SQFI. Thus, the SQFI certification of the product increased the net sale and increase the company's growth in the market
McCormick & Company, Inc. is the dominating player in the Global vanilla (B2C) market. The other key players existing in the market are Nielsen-Massey Vanillas, Inc., Madagascar Vanilla Company LLC, VanillaPura, Boston Vanilla Bean Company, Native Vanilla, Heilala Vanilla US., Daintree Vanilla & Spice, Lemur International, Inc, Venui Vanilla, Apex Flavour, and others.
McCormick & Company,
McCormick & Company, Inc. founded in 1889 and headquarter is in Hunt Valley, Baltimore. The company focuses on to meet the increasing demand for flavor around the world. The product category of the company includes herbs & spices, recipe mixes, extracts & food colors, cooking sauces, and seafood. The market focused categories includes spices & flavors.
The company has a wide presence across North America, Europe, South America, Asia, and Middle East and Africa.
Nielsen-Massey Vanillas, Inc.
Nielsen-Massey Vanillas, Inc. was founded in 1907, with headquarters in Illinois, U.S. The company is focused on producing pure vanilla extracts and flavors. The company operates widely in Europe, Middle East and Africa, Americas, and Asia-Pacific. The product categories of the company includes vanilla extracts, paste, powder & sugar, whole beans, and flavors. The market focused categories includes vanilla extracts, paste, and powder & sugar.
For instance,
- In January 2020, Nielsen-Massey Vanillas, Inc. announced Madagascar Bourbon pure vanilla bean paste and pure vanilla bean paste in a new 2-ounce bottle. The company offers smaller products to meet the consumer demand for convenience products and package in trails. Thus, the new launch of vanilla bean paste in convenience package helped in increasing the net sale and improving the company's growth in the market
- In March 2018, Nielsen-Massey Vanillas, Inc. introduced no-sugar-added vanilla extract. Hence, the new product launch helped in strengthening the company's growth
Madagascar Vanilla Company LLC
Madagascar Vanilla Company LLC, founded in 1990, headquarters in Antalaha, Madagascar. The company is focused towards manufacturing variety of vanilla products. The product category of the company includes vanilla mold & vanilla crystals, vanilla extracts. The company has its presence in North America, Europe, Africa, and Asia-Pacific. The market focused categories includes vanilla.
