Vanilla Market

Vanilla is the fruit of a thick green orchid vine (v. planifolia) that grows wild on the edge of the Mexican tropical forests. The vines, when grown wild, will grow up to the top of tall trees in the jungle. Commercially, the vines are pruned for a few reasons. One is that the vines will not flower until they stop growing. And two, the vines need to be at a height where workers can reach them. Once the vines stop growing they produce clusters of buds that eventually develop into orchids, up to 1000 flowers for one vine. Not all the flowers are hand pollinated though. They are thinned out so as to guarantee good quality beans, albeit fewer in quantity. After hand pollination, the flowers develop into long thin green pods or beans that can grow up to 12 inches (30 cm) long. Average length is about 8 inches long. These tasteless and odorless green pods are hand-picked when they are still not ripe and then the fermentation process begins. The beans are first plunged into hot water and then the 'drying' and 'sweating' process starts. The beans are dried in the sun during the day and then wrapped in the blankets at night so they can sweat. This process can last anywhere from 2 to 6 months until the beans become a very dark brown color and develop a white crystalline substance (or frost) on the outside of the bean, called vanillin. The vanillin is what gives the beans their wonderful flavor and aroma and these beans are prized. At this point the beans are aged to bring out their full flavor, and this can take up to two years. Once dried and cured the vanilla pods need to be kept airtight to retain their wonderful flavor.

Vanilla Market contains market size and forecasts of Vanilla in global, including the following market information:

Global Vanilla Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Vanilla Market Sales, 2017-2022, 2023-2028, (MT)

Global top five Vanilla companies in 2021 (%)

The global Vanilla market was valued at 690.9 million in 2021 and is projected to reach US$ 357.2 million by 2028, at a CAGR of -9.0% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Bean Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Vanilla include International Flavors & Fragrances, Heilala Vanilla, Nielsen-Massey, Lochhead Manufacturing Co, Frontier, Singing Dog, Venui Vanilla, Spice Jungle and Vanilla Queen, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Vanilla manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Vanilla Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)

Global Vanilla Market Segment Percentages, by Type, 2021 (%)

Bean

Extract

Powder

Paste

Global Vanilla Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)

Global Vanilla Market Segment Percentages, by Application, 2021 (%)

Food and Beverages

Cosmetic

Pharma

Global Vanilla Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)

Global Vanilla Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Vanilla revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Vanilla revenues share in global market, 2021 (%)

Key companies Vanilla sales in global market, 2017-2022 (Estimated), (MT)

Key companies Vanilla sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

International Flavors & Fragrances

Heilala Vanilla

Nielsen-Massey

Lochhead Manufacturing Co

Frontier

Singing Dog

Venui Vanilla

Spice Jungle

Vanilla Queen

Penzeys

Blue Cattle Truck

Sonoma Syrup Company

Hawaiian Vanilla Company