(Food-Beverage-News.Com, October 29, 2024 ) Vanilla Market size was valued at US$ 27.66 Bn in 2023 and the total revenue is expected to grow at 5.6% through 27.66 to 2030, reaching nearly US$ 40.51 Bn.
What is Vanilla Market
Vanilla is the taste found in dishes like ice cream, derived from the vanilla plant either through extract or seeds from a vanilla pod. Primarily used as a flavoring agent in food and beverages, but also has applications in cosmetics and pharmaceuticals.
The growing consumer preference for natural flavor over artificial additives is driving the organic Vanilla Market. Reduced calorie as well as cough prevention are potential health benefits associated with vanilla market.
Restraints in Vanilla Market
Fluctuating vanilla bean prices are restraining the market. The limited production an environmental factor impacting the vanilla bean quality is also a concerning factor.
Asia Pacific is at the forefront of the market because of increasing demand in China and India, particularly for liquid vanilla in pastries and convenience foods.
North America has a large number of consumers who prefer products with vanilla flavor.
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