아시아 태평양 바닐라(B2B) 시장 – 2029년까지의 산업 동향 및 예측

시장 분석 및 통찰력

아시아 태평양 바닐라(B2B) 시장은 성장하는 식음료 산업과 제빵 제품에 대한 수요 증가로 인해 상당한 성장을 이루고 있습니다. 다양한 유형의 제과 제품에 대한 수요 증가도 아시아 태평양 바닐라(B2B) 시장의 성장을 촉진하고 있습니다. 그러나 합성 바닐라 와 관련된 엄격한 정부 규제는 예측 기간 동안 바닐라 시장의 시장 성장을 억제할 것으로 예상됩니다.

Data Bridge Market Research에 따르면 아시아 태평양 바닐라(B2B) 시장은 2022년부터 2029년까지의 예측 기간 동안 연평균 성장률 5.6%로 성장할 것으로 분석됩니다.

시장 정의

바닐라는 바닐라속의 난초에서 추출한 향신료입니다. 전 세계 여러 지역에서 널리 재배됩니다. 게다가 마다가스카르, 멕시코, 인도네시아가 바닐라 콩 생산을 선도하고 있습니다. 바닐라 향은 바닐라 콩에서 추출되며, 시장에서는 천연 바닐라 추출물이라고 합니다. 하지만 소비자들 사이에서 바닐라 향에 대한 수요가 빠르게 증가하면서 바닐라 가공업체가 재생 가능한 자원에서 합성 바닐라 추출물을 생산하게 되었습니다. 바닐라 콩은 품질에 따라 A등급, B등급 등으로 분류됩니다.

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.

Asia-Pacific Vanilla (B2B) Market Dynamics

Drivers

• Growing demand for vanilla in the food & beverage industry

The demand for vanilla in the food & beverage industries is growing rapidly. Vanilla extract is an important flavouring agent in the food and beverage processing industry. In the food industry, vanilla is added to various food applications, including dairy-based products, bakery products, processed foods, chocolate & confectionery, and others, to enhance its flavours, and taste. Thus, the increase in demand for vanilla powder, paste, and liquid in the food industry is expected to drive growth in the market.

Meanwhile, vanilla extracts play an important role in reducing bitterness and enhancing the product's flavour in the chocolate industry. In addition, vanilla will mask the taste variation in chocolate caused by cocoa bran. Hence, the increase in demand for vanilla in the chocolate industry is propelling the growth of vanilla in the market.

• Growing demand for vanilla in the pharmaceutical and personal care industry

In recent years, the demand for fragrance-based cosmetic and personal care products has been increasing among customers across the globe. Hence, the rise in the need for vanilla-added cosmetic products is impelling the growth of vanilla in the market. Besides fragrance, vanilla has a particular functional property that enables the repair of skin damage.

For instance, vanilla is naturally rich in antioxidants, which help neutralize the free radicals and reduce skin damage. Due to its functional property, vanilla liquids, powders, and pastes are largely used in cosmetic products. Thus, the increasing usage of vanilla in the cosmetic industry will drive growth in the market. Moreover, the Madagascar vanilla has extensive application in personal care products such as lotion, anti-aging creams, and lip balm enriched with vitamin B, which is responsible for healthy skin. Thus, cosmetic manufacturers are adding vanilla into their products.

Hence, the growing demand for Madagascar vanilla in personal care product will propel the market growth.

Opportunity

• Rising demand for synthetic vanilla extracts

Although the low production of vanilla beans reduces the production of natural vanilla extracts in the market. To encounter the demand, the vanilla extracts manufacturers are focused on producing synthetic vanilla extract. This further creates an opportunity for vanilla extract producers to expand their value in the global market. As a result of rising consumer preference for vanilla-flavored food products, the food industry demands more synthetic vanilla extract in the market.

In recent years, immense interest has been grown among chemical industries due to the viable opportunity to substitute synthetic vanilla products with renewable resources. According to U.S. regulation, the derivation of vanilla extract from renewable sources can be labeled as natural. Thus, the manufacturers emphasize producing vanilla extract using the biotechnological method.

Restraints/Challenges

• Fluctuating price of raw materials

The demand for vanilla flavors is increasing among industries and customers across the globe. However, the demand for vanilla exceeds the supply of vanilla in the market.

For instance,

• Based on the NPR report, the rising demand for Madagascar vanilla bean increased the product's price by ten times in 2017 compared to previous years. Hence, the increasing price of Madagascar beans will decrease the growth in the market as the customers are sensitive to price

Similarly, the customers are looking for clean label products and demand natural and organic products. Therefore, the companies produce vanilla extracts from a natural source to satisfy the customers. Despite that, less raw material availability leads the manufacturers to sell their products at a higher cost. As a result of elevated prices, the demand for vanilla will decline and obstruct the global market's growth.

• Availability of substitute products

Vanilla is the most common flavor among consumers, although the availability of alternative flavors in the market is a major challenge for the growth of vanilla in the market. Maple syrup, almond extract, citrus zest, and others are the substituent flavors available in the market. Maple syrup is a substitute for vanilla extracts which offers a pleasant aroma, and vanilla's mellow flavors.

Maple syrup is ideal for preparing pancakes, cookies, roasted vegetables, and other food applications.

As it is cost-effective, the consumers opt for maple syrup as an alternative to vanilla flavor. Hence, the increasing demand for maple syrup will decline the growth of vanilla in the market. Consequently, almond extract is also used as an alternative source of vanilla extract. Moreover, almond extract is significantly more potent than vanilla flavor. This extract is widely added to baked goods and other desserts to enhance its flavor, and taste. Therefore, the rising demand for almond extract in the bakery industry will obstruct the growth of vanilla in the market.

Post COVID-19 Impact Asia-Pacific Vanilla (B2B) Market

Post COVID-19, the demand for vanilla is increased in Asia-Pacific region due to change in buying pattern of consumers and gradual shift towards to increasing the demand of variety of flavored products among various end users such as food & beverages, and others. Due to the discontinuation of many strict mandates and restrains manufactures and producers are able to fulfil the demand for vanilla in the Asia-Pacific region.

The increased demand for different flavored food items enables manufacturers to launch various organic and synthetic vanilla, which has helped the market grow.

Recent Developments

• In October 2020, Firmenich SA, a leading privately-owned perfume and taste company signed a partnership with authentic products, a leading producer in Madagascar and a founding member of Group's Naturals Together. This partnership strengthens the responsible source of vanilla in the market. In addition, the companies offer agricultural training facilities to teenagers from Madagascar and create a unique opportunity for vanilla-growing families to improve their livelihoods
• In January 2020, ADM acquired Yerbalatina Phytoactives, a leading manufacturer of plant-based extracts and ingredients. This acquisition helped in expanding ADM's business in Brazil and strengthening its position in the health & wellness market

For instance,

• In June 2019, Solvay introduced a new vanilla solution under the brand name vanifolia, and vanifolia bean. The new products have offered a natural substituent for vanilla extract which is cost-effective. Hence, vanifolia and vanifolia bean has met the customer’s expectation for authentic taste and consistent quality

Asia-Pacific Vanilla (B2B) Market Scope

The Asia-Pacific vanilla (B2B) market is segmented into six notable segments based on vanilla type, grade, vanilla origin, form, end-use, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Vanilla Type

• Madagascar
• Indonesian
• Mexican
• Synthetic Origin
• Papua New Guinea
• Uganda
• Tahitian
• India
• Tonga
• Others

On the basis of vanilla type, the Asia-Pacific vanilla (B2B) market is segmented into Madagascar, Mexican, Synthetic origin, India, Indonesian, Tahitian, Tonga, Papua New Guinea, Ugandan and others.

Form

• Liquid
• Powder
• Paste

On the basis of form, the Asia-pacific vanilla (B2B) market is segmented into liquid, powder and paste.

Vanilla Origin

• Natural
• Synthetic

On the basis of vanilla origin, the Asia-Pacific vanilla (B2B) market is segmented into natural and synthetic.

Grade

• Grade A (30% Moisture)
• Grade B (20% Moisture)
• Others

On the basis of grade, the Asia-Pacific vanilla (B2B) market is segmented into grade A (30% moisture), grade B (20% moisture) and others.

End-Use                                                                 

• Food
• Pharmaceutical
• Beverage
• Personal Care & Cosmetic
• Household/Retail
• Others

On the basis of end-use, the Asia-Pacific vanilla (B2B) market is segmented into food, beverages, personal care & cosmetic, pharmaceuticals, household/retail and others.

Distribution Channel

• Wholesale
• Online

On the basis of distribution channel, the Asia-Pacific vanilla (B2B) market is segmented into wholesale and online.

Asia-Pacific Vanilla (B2B) Markets Regional Analysis/Insights

The Asia-Pacific vanilla (B2B) markets analyzed and market size insights and trends are provided based on as referenced above.

The countries covered in the Asia-Pacific vanilla (B2B) market report are China, India, Japan, South Korea, New Zealand, Australia, Indonesia, Singapore, Thailand, Philippines, Malaysia and Rest of Asia-Pacific

China dominates the Asia-Pacific vanilla (B2B) market terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to growing demand for vanilla in various industries in North America such as food, beverages, personal care, and others.

The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Europe brands and their challenges faced due to high competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Vanilla Market Share Analysis

The Asia-Pacific vanilla (B2B) market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on market.

Some of the key market players are Nielsen-Massey Vanillas, Inc., McCormick & Company, Inc., Prova, SYNERGY, IFFinc, Kerry, Takasago International Corporation, ADM, Madagascar Vanilla Company LLC, and Firmenich SA among others.

Research Methodology

데이터 수집 및 기준 연도 분석은 대규모 샘플 크기의 데이터 수집 모듈을 사용하여 수행됩니다. 시장 데이터는 시장 통계 및 일관된 모델을 사용하여 분석 및 추정됩니다. 또한 시장 점유율 분석 및 주요 추세 분석은 시장 보고서의 주요 성공 요인입니다. DBMR 연구팀에서 사용하는 주요 연구 방법론은 데이터 마이닝, 시장에 대한 데이터 변수의 영향 분석 및 기본(산업 전문가) 검증을 포함하는 데이터 삼각 측량입니다. 이 외에도 데이터 모델에는 공급업체 포지셔닝 그리드, 시장 타임라인 분석, 시장 개요 및 가이드, 회사 포지셔닝 그리드, 회사 시장 점유율 분석, 측정 표준, 아시아 태평양 대 지역 및 공급업체 점유율 분석이 포함됩니다. 추가 문의 사항이 있는 경우 분석가에게 전화해 달라고 요청하세요.

SKU-68572