According to a new market report published by Lucintel, the future of the vanilla oil market looks promising with opportunities in the cooking, pharmaceutical, chemical, perfumery, and other industries. The global vanilla oil market is expected to grow with a CAGR of xx%-xx% from 2020 to 2025. The major drivers for this market are increasing demand from food industry, growing trend for ready to eat meals, and rising skin care industry.
Vanilla oils are made from fermented vanilla beans and are higly used in various food and personal care products. In this market, vanilla essential oil and pure vanilla oil are the major product type of vanilla oil. Lucintel forecasts that vanilla essential oil will remain the largest segment over the forecast period due to its increased demand from the flavor and fragrance industry due to its antioxidant, febrifuge, anti-carcinogenic, anti-depressant, tranquilizing, and relaxing properties.
Within this market, cooking will remain the largest segment by application over the forecast period due to rising usage in various food and beverage industries due to its enhancing flavor property.
North America will remain the largest region over the forecast period due to the growth of personal care industry, disposable income, and changed lifestyle in the developed region
NOW Foods, Edens Garden, PureKana, Earthsavers Fragrance Products, Moksha Lifestyle Products, Avi Naturals, Aromacare Herbals, Lotus Garden Botanicals, and Lemur International are among the major suppliers in the global vanilla oil market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global vanilla oil market by application, product type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Vanilla Oil Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global vanilla oil market by application, product type, and region as follows:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Cooking
Pharmaceutical
Chemical
Perfumery
Others
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Vanilla Essential Oil
Pure Vanilla Oil
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Italy
United Kingdom
German
France
China
India
South Korea
Japan
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.