The multi-segment utility of ethyl vanillin is expected to hike the growth of flavor over the forecast period. Increasing use of ethyl vanillin in pharmaceuticals and animal feed to suppress unpleasant odor and improve taste, also one of the reasons behind the hike in the market. Furthermore, increasing adoption of ethyl vanillin in cosmetics is also anticipated to boost the demand for ethyl vanillin over the years.
There are some adverse effects of ethyl vanillin have been registered in the last few years. As, ethyl vanillin is harmful to skin as it causes skin irritation such as reddening, itching, and blistering. It also causes eye irritation, redness, and itching. Ethyl vanillin also detrimental to aquatic life, with long-lasting effects. Since ethyl vanillin has a strong odor, it can cause non-specific symptoms like dizziness, headaches, nausea, and weakness.
Key Developments by Manufacturers in Ethyl Vanillin market:
- In 2018, Solvay SA announced a price increase in ethyl vanillin and vanillin ingredients.
- In 2018, Stern Wywiol announced to expand its production capacity in Mexico adjoining technology center for product development.
Regional Analysis of Ethyl Vanillin Market
Asia Pacific is expected to deliver significant growth in the ethyl vanillin market, owing to the increasing consumption of food and beverages in the region. Additionally, countries including China, India, Japan, and South Korea are the major markets for ethyl vanillin, due to various applicability of product in food, pharmaceuticals and cosmetics industry as an additive to impart vanilla flavor. Europe is also estimated to remain one of the key market for the ethyl vanillin in food industry. EU has approved the usage of vanillin flavor in various food and beverage products, which is further estimated to deliver positive growth outlook for the ethyl vanillin market in Europe region.
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Key Market Players of Ethyl Vanillin Market:
Examples of some of the key market players in the Ethyl vanillin market identified across the value chain include:
- Solvay SA
- Prinova Group LLC
- Stern Wywiol Gruppe
- Wuhan Vanz Pharma Inc.
- Evolva Holding SA
- Xi’an Wharton Bio-Tech
- Nanchang Duomei Bio-Tech
- Xi’an Huisun Bio-Tech
- Shanghai Fuxin Fine Chemicals
- Chongqing Thrive Fine Chemicals
- Sinofi
- Veera Fragrances Private Ltd.
- Shanghai Freemen
The report covers exhaustive analysis on:
- Ethyl Vanillin Market Segments
- Ethyl Vanillin Market Dynamics
- Ethyl Vanillin Market Size
- Ethyl Vanillin Supply and Demand
- Current Trends/Issues/Challenges pertaining to Ethyl Vanillin Market
- Competition Landscape and Emerging Market Participants in Ethyl Vanillin Market
- Technology related to Production/Processing of Ethyl Vanillin
- Value Chain Analysis of the Ethyl Vanillin Market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Market Segmentation of Ethyl vanillin:
Ethyl vanillin market can be segmented on the basis of product type, by form and application
On the basis of product type, ethyl vanillin market can be segmented as
- Natural Ethyl Vanillin
- Synthetic Ethyl Vanillin
On the basis of form, ethyl vanillin market can be segmented as
- Powder
- Liquid
On the basis of application, ethyl vanillin market can be segmented as
- Food Additives
- Pharmaceutical Intermediates
- Chemical Industry
- Other
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Report Highlights:
- Detailed overview of parent market
- Changing dynamics of the ethyl vanillin market in the industry
- In-depth market segmentation and analysis
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the ethyl vanillin market
- Competitive landscape of the ethyl vanillin market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on ethyl vanillin market performance
- Must-have information for ethyl vanillin market players to sustain and enhance their market footprint
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