Vanilla Bean Market - Forecast(2022 - 2027)

Report Code: FBR 57169 Report Format: PDF + Excel

Vanilla Bean Market Overview

Vanilla Bean Market size is forecast to reach $637.8 million by 2026, growing at a CAGR of 5.1% during the forecast period 2021-2026. Vanilla is used as a spice and a flavoring agent in several food and beverages products. The commercial production of vanilla is extremely labor-intensive that consists of the hand pollination and are dried under the sun to commence the enzymatic reaction. It converts ferulic acid into vanilla and is responsible for providing the flavor of the vanilla. Vanilla bean is anti-carcinogenic as well as anti-oxidant. Increasing preference for organic & chemical free vanilla pod food products, increasing demand of vanilla-flavored food such as a creme Frappuccino syrup, and shifting preference among consumers towards the natural flavor is the major factors driving the growth of the market. Increasing benefits of the non GMO food ingredients, increasing demand of vanilla bean as a vanilla flavored food from various industries, and increasing consumption of baked goods is set to further enhance the overall market developments for the period 2021-2026.

Report Coverage

The report: “Vanilla Bean Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Vanilla Bean Scenario Market. 
By Type: Raw, and Processed.
By Nature: Organic, and Conventional.
By Grade: Grade A, and Grade B.
By End-User: Food, Beverages, Cosmetic & Personal Care, Pharmaceuticals, and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Takeaways

    • North America dominated the Vanilla Bean Market in 2020 owing to the increasing demand for convenience food and increasing awareness regarding health benefits of vanilla beans. The Vanilla Bean Market scope for different regions will be provided in the final report.
    • Increasing demand for food additives and increasing consumer inclination towards healthy diets are likely to aid the market growth of the Vanilla Bean Market report.
    • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Vanilla Bean Market report.
    • Presence of high sugar content and availability of substitute products is poised to create the hurdles for the Vanilla Bean Market.


    Vanilla Bean Market Revenue Share, By Geography, 2020(%)

     Vanilla Bean Market Revenue Share

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    Vanilla Bean Market Analysis – By Type

    Raw held the largest share in the Vanilla Bean Market in 2020 and is estimated to grow at a CAGR 5.5% during the forecast period 2021-2026. Vanilla is a spice that is derived from the orchids of the genus vanilla. It is obtained from pods of the Mexican spices. A stronger aroma is attained if the vanilla bean pods is splits into two. Natural vanilla gives a yellow color to the preparations and it depends on the concentration. Vanilla bean has a strong aromatic flavor and is much more expensive. Raw vanilla comes for the ripe fruit that grows in bunches and bloom. It grows in a particular kind of orchids that require special growing conditions. Raw is estimated to register the higher CAGR over the period 2021-2026.

    Vanilla Bean Market Analysis – By End Users

    Food & Beverages held the largest share in the Vanilla Bean Market in 2020 and is estimated to grow at a CAGR 5.9% during the forecast period 2021-2026. This is owing to the increasing usage of vanilla in food industry and in beverages. The type of vanilla completely depends on the ingredients in the base formulation and the flavor profile. Low fat bases generally prefer pure vanilla extract and it doesn’t work well in no fat systems. Vanilla is an important flavour in soft drinks such as colas and in alcoholic beverages such as whiskeys, cocktails, and cordials. It is one of the chemicals that is extracted from the oak barrels in which the whiskey age. Food & Beverages are estimated to register the higher CAGR over the period 2021-2026. 

    Vanilla Bean Market Analysis – By Geography

    North America dominated the Vanilla Bean Market with a major share of 33.7% in 2020. This is owing to the increasing consumption of western food products and increasing shift among consumers towards the chemical free food products. Increasing utilization of the vanilla in food products and increasing consumption of baked goods is also increasing the growth of the market during the region.

    However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the consumer inclination towards the food that does not contain the artificial ingredients as well as chemical ingredients. Increasing consumption of the food & beverages with vanilla undertones is also increasing the growth of the market in this region.

    Vanilla Bean Market Drivers

    Increasing Utilization of Vanilla in Food Products as an Enhancer

    Increasing utilization of vanilla in food products is increasing the growth of the Vanilla Bean Market. Vanilla is used as a sweet flavor in ice cream, confectionary, baking, beverages, and other dairy products. It is also used as a flavor enhancer and the addition of vanilla to hot & spicy food, smoothes & balances the overall flavor. Vanilla is also used as a versatile flavor in dishes such as sweet potato, yam, butternut squash, and other dishes. It is a good substitute to several fruit flavored iced creams, baked goods, and beverages. Increasing trend for natural and health awareness among consumers is also increasing the growth of the market. Thus, increasing the growth of the Market during the forecast period 2021-2026.

    Increasing Inclination of the Consumers towards the Food that Does Not Contain Artificial & Chemical Ingredients

    Increasing Inclination of the Consumers towards the Food that Does Not Contain Artificial & Chemical Ingredients is increasing the growth of the Vanilla Bean Market. This is owing to the fact that vanilla possess anti-oxidant and anti-carcinogenic properties and is used widely in the pharmaceutical industries. Vanilla flavor improves the texture and aroma of the food that has increased the sale of vanilla flavoured food products in the market. Vanilla also removes the nausea feeling but the price of the natural vanillin is extremely expensive. It is almost 300 times higher than the price of the synthetic vanilla. Thus, increasing the growth of the Market during the forecast period 2021-2026.

    Vanilla Bean Market Challenges

    Presence of High Sugar Content and Availability of Substitute Products

    Some of the factors that are set to impede the growth of the Vanilla Bean Market are the presence of high sugar content and the increasing availability of substitute products. High sugar content is used as an artificial sweetener. The demand of natural vanilla beans is decreasing owing to the challenging growing conditions, deforestation in Madagascar, and labor exploitation. Increasing variation in the prices, inadequate supply of the products, increasing concerns over the quality of the products and the increasing probability of the unbalanced supply chain is also set to hinder the growth of the market during the forecast period 2021-2026.

    Vanilla Bean Market Landscape

    Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Vanilla Bean Market. In 2020, the Vanilla Bean Market share is consolidated by the top ten players present in the market. The Vanilla Bean Market, top 10 companies are –

    • Tharakan & Company
    • Vanilla Food Company
    • Amadeus Vanilla Bean
    • Boston Vanilla Bean Company
    • Nielsen Massey Vanillas
    • Agro Products Agencies
    • Frontier Natural Products
    • Touton SA
    • Madagascar Vanilla Company
    • Symrise AG

    Acquisitions/Product Launches

    • In March 2019, Amadeus Vanilla Bean launched Bourbon vanilla beans (vanilla planifolia) as the most popular variety of the vanilla beans.

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    1. Vanilla Bean Market- Overview
        1.1 Definitions and Scope
    2. Vanilla Bean Market- Executive Summary
        2.1 Market Revenue and Key Trends by Company
        2.2 Key trends by Type
        2.3 Key trends by Nature
        2.4 Key trends by Grade
        2.5 Key trends by End Users
        2.6 Key trends by Geography
    3. Vanilla Bean Market– Comparative Analysis
        3.1 Product Benchmarking – Key Companies
        3.2 Financial Analysis – Key Companies
        3.3 Market Value Split by Key Companies
        3.4 Patent Analysis – Key Companies
        3.5 Pricing Analysis
    4. Vanilla Bean Market- Startup Companies Scenario Premium
        4.1 Key Startup Company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Venture Capital and Funding Scenario
    5. Vanilla Bean Market– Industry Market Entry Scenario Premium Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case Studies of Successful Ventures
    6. Vanilla Bean Market Forces
        6.1 Market Drivers
        6.2 Market Constraints/Challenges
        6.3 Porters five force model
            6.3.1 Bargaining power of suppliers
            6.3.2 Bargaining powers of customers
            6.3.3 Threat of new entrants
            6.3.4 Rivalry among existing players
            6.3.5 Threat of substitutes
    7. Vanilla Bean Market– Strategic Analysis
        7.1 Value Chain Analysis
        7.2 Opportunities Analysis
        7.3 Market Life Cycle
    8. Vanilla Bean Market – By Type(Market Size –$Million/$Billion)
        8.1 Raw
        8.2 Processed
    9. Vanilla Bean Market – By Nature(Market Size –$Million/$Billion)
        9.1 Organic
        9.2 Conventional
    10. Vanilla Bean Market – By Grade(Market Size –$Million/$Billion)
        10.1 Grade A
        10.2 Grade B
    11. Vanilla Bean Market – By End Users(Market Size –$Million/$Billion)
        11.1 Food
        11.2 Beverages
        11.3 Cosmetic & Personal Care
        11.4 Pharmaceuticals
        11.5 Others
    12. Vanilla Bean Market- By Geography(Market Size –$Million/$Billion)
        12.1 North America
            12.1.1 U.S.
            12.1.2 Mexico
            12.1.3 Canada
        12.2 Europe
            12.2.1 U.K.
            12.2.2 France
            12.2.3 Germany
            12.2.4 Italy
            12.2.5 Spain
            12.2.6 Rest of Europe
        12.3 Asia Pacific
            12.3.1 China
            12.3.2 India
            12.3.3 Japan
            12.3.4 South Korea
            12.3.5 Australia & New Zealand
            12.3.6 Rest of APAC
        12.4 Rest of the World
            12.4.1 Middle East
            12.4.2 Africa
            12.4.3 South America
    13. Vanilla Bean Market- Entropy
    14. Vanilla Bean Market– Industry/Segment Competition Landscape Premium 
        14.1 Market Share Analysis
            14.1.1 Global Market Share – Key Companies
            14.1.2 Market Share by Region – Key companies
            14.1.3 Market Share by Countries – Key Companies
            14.1.4 Competition Matrix
            14.1.5 Best Practices for Companies
    15. Vanilla Bean Market– Key Company List by Country Premium Premium
    16. Vanilla Bean Market Company Analysis
        16.1 Company 1
        16.2 Company 2
        16.3 Company 3
        16.4 Company 4
        16.5 Company 5
        16.6 Company 6
        16.7 Company 7
        16.8 Company 8
        16.9 Company 9
        16.10 Company 10
    "*Financials for private companies would be provided on a best efforts basis”.

    LIST OF TABLES

    LIST OF FIGURES

    1.US Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    2.Canada Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    3.Mexico Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    4.Brazil Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    5.Argentina Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    6.Peru Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    7.Colombia Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    8.Chile Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    9.Rest of South America Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    10.UK Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    11.Germany Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    12.France Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    13.Italy Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    14.Spain Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    15.Rest of Europe Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    16.China Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    17.India Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    18.Japan Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    19.South Korea Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    20.South Africa Vanilla Bean Production Scenario Market Revenue, 2019-2024 ($M)
    21.North America Vanilla Bean Production Scenario By Application
    22.South America Vanilla Bean Production Scenario By Application
    23.Europe Vanilla Bean Production Scenario By Application
    24.APAC Vanilla Bean Production Scenario By Application
    25.MENA Vanilla Bean Production Scenario By Application
    26.Competition Landscape, Sales /Revenue, 2015-2018 ($Mn/$Bn)