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Global Market Insights, Inc. has added a new report on Bio Vanillin  Market  that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Bio Vanillin Market size was valued at over USD 11.5 million in 2015. Industry expects gains at over 13% CAGR, with consumption surpassing 500 tons by 2023. Rise in consumer consciousness pertaining to health and regulatory norms to discourage synthetic products are likely to favor global market size growth. Food & beverages industry potentiality accompanied by trend for renewable products demand are key reasons to fuel product demand.

Global flavor & fragrance market size was over USD 26.50 billion in 2015 and is likely to reach USD 40 billion by 2023, growing at more than 5.2% CAGR up to 2023. This indicates approximately 25% of the total food additives industry. Approximately, 2000 synthetic flavors are available in the market and about 400 natural flavors. Beverages and cooked products represent over 70% of the total use of flavor additives. Up to 90% of natural flavor are used in beverages and only 20% in sweets and candies.

Synthetic vanillin market size represents over 97% of the overall demand, Global synthetic vanillin market size was over USD 26,780 thousand in 2015, and is forecast to grow at more than 7% up to 2023. Natural vanillin market size derived from orchid pods represents less than 1% of the overall industry size and was over 60 tons in 2015. The naturally sourced product is priced higer owing to their fine quality and authenticity. Highly labour-intensive production process coupled with limited yields, natural vanillin market is not able to meet the global flavour market.

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Immense interest has grown in chemical industries in recent years, due to their feasible opportunity to replace synthetic product from renewable based counterpart, which can be label “natural”, as per current food regulations Biotechnological methodologies are mild response conditions, high region-and enantioselectivity leading to only one product isomer, no development of toxic wastes and hence less ecological issues. This factor may drive Bio Vanillin Market Size Growth.

Biotechnological applications have witnessed immense interest from chemical industries in recent years, due to their feasible opportunity to replace synthetic product with a bio-based one, which can be label “natural”, as per current food regulations. Moreover, biotechnological processes are economical, produce less unwanted side products, and mainly are “greener”, that is, can be performed under milder, less dangerous conditions, utilize less energy, and produce less greenhouse gas emissions.

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Bio vanillin market is at its initial development stage, the producers are claiming their products to be natural and some product has been approved. However, few environment groups have claimed these products are artificial owing to its production from genetic engineering. It is necessary for industry producers to ensure there positioning as natural producers among consumers. Bio vanillin market price is comparatively higher than its synthetic alternative. It is needful for the manufacturers to increase production capacity and bring continuous improvement in technology to match synthetic vanillin market price trend.

According to the regulation No 1334/2008 of the European Parliament and of the Council, vanillin produced by biotechnology from natural feedstock can be classified as ‘natural flavoring’, provided that the source is always specified. All these factors are responsible to make vanillin an important marketable target for biotechnological industry, and bases and further research. There is lack of federal regulations for synthetic biology. Parallel to regulatory challenges with genetically engineered products, the authorities has not finalized any risk assessment guidelines to evaluate whether the byproducts will turn in to an ecological threat on their escape into the environment.

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These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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