The Global Vanilla Extract Market size is expected to reach $6.5 billion by 2030, rising at a market growth of 4.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 27,180.29 tonnes, experiencing a growth of 4.0% (2019-2022).
Convenience stores have become quick and accessible sources for consumers purchasing baking essentials on the go. The convenience factor aligns with the need for immediate access to ingredients for spontaneous cooking and baking ventures. Consequently, the convenience stores segment would generate approximately 17.2 % of the market by 2030. Also, France would utilize 1,417.80 tonnes of vanilla extract in personal care by 2030. Convenience stores can diversify their vanilla extract offerings, providing options such as single-use packets, smaller bottles, or multipacks.
Vanilla extract is obtained from vanilla beans, making it a natural flavoring agent. Consumers often associate natural ingredients with better health and wellness, as opposed to artificial or synthetic additives. The perception that vanilla extract is a pure and natural flavor contributes to its popularity. Thus, these factors will assist in the expansion of the market.
Additionally, Vanilla's sweet, warm, and comforting scent makes it a popular choice in the fragrance industry. As a base note, it is frequently incorporated into perfumes and colognes, alone or in conjunction with other fragrances. Vanilla's association with relaxation and comfort adds to its appeal in products that promote well-being. Hence, these aspects will assist in the growth of the market.
However, Vanilla orchids thrive in specific temperature and humidity conditions. Changes in climate, including rising temperatures and altered rainfall patterns, can disrupt the delicate balance required for optimal vanilla growth. Extreme heat or excessive rainfall can negatively impact flowering, pollination, and the overall development of vanilla pods. Thus, owing to these factors, the market will witness decreased demand in the coming years.
By Product Analysis
Based on product type, the market is segmented into liquid and powder. In 2022, the powder segment garnered a 22.95 % revenue share in the market. Vanilla extract in powder form offers convenience in handling and incorporating the flavor into various recipes. This makes it a practical choice for consumers and manufacturers, ensuring a stable and reliable ingredient in the pantry. Hence, these aspects will pose lucrative growth prospects for the segment.
By Source Analysis
On the basis of source, the market is divided into natural and synthetic. The natural segment recorded a 70.6 % revenue share in the market in 2022. In terms of volume, natural segment would produce 18,324.35 tonnes in 2022. Consumers, motivated by a desire for healthier lifestyles, are actively avoiding products with artificial additives, preservatives, and synthetic flavorings. Natural vanilla extract aligns with clean label preferences, as it is derived directly from vanilla beans without synthetic compounds. Hence, these factors can boost the growth of the segment.
By Application Analysis
Based on application, the market is divided into food & beverages, personal care, and others. In 2022, the personal care segment witnessed a 28.8 % revenue share in the market. Using vanilla in personal care aligns with the growing popularity of aromatherapy. South Korea's trade surplus in the cosmetics sector grew by 28.6 percent to $7.8 billion. Thus, these aspects will boost the growth of the segment.
By Distribution Channel Analysis
On the basis of distribution channel, the market is divided into business-to-business, supermarkets & hypermarkets, convenience stores, departmental stores, and online sales channels. The business-to-business segment recorded the 36.7% revenue share in the market in 2022. Vanilla extract is a staple ingredient in the bakery and confectionery industry. Therefore, these aspects can lead to enhanced demand in the segment.
By Regional Analysis
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired a 31 % revenue share in the market. Europe has a rich culinary heritage with a diverse range of cuisines. The demand for vanilla extract has been fueled by its versatile use in traditional European recipes and global culinary innovations. Consumers appreciate the ability of vanilla to enhance the flavor profile of various dishes, from desserts to savory dishes. Thus, the segment will expand rapidly in the upcoming years.
List of Key Companies Profiled
- McCormick & Company, Inc.
- Kerry Group PLC
- Nielsen-Massey Vanillas, Inc.
- International Flavors & Fragrances, Inc.
- Sauer Brands Inc.
- Naturalight Foods Inc.
- OliveNation, LLC
- Frontier Cooperative
- DSM-Firmenich
- Adams Flavors, Foods & Ingredients, LLC
Global Vanilla Extract Market Report Segmentation
By Product Type (Volume, Tonnes, USD Billion, 2019-2030)
By Source (Volume, Tonnes, USD Billion, 2019-2030)
By Application (Volume, Tonnes, USD Billion, 2019-2030)
- Food and Beverages
- Personal Care
- Others
By Distribution Channel (Volume, Tonnes, USD Billion, 2019-2030)
- Business-to-Business
- Supermarkets & Hypermarkets
- Convenience Stores
- Departmental Stores
- Online Sales Channels
By Geography (Volume, Tonnes, USD Billion, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Netherlands
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Vanilla Extract Market, by Product Type
- 1.4.2Global Vanilla Extract Market, by Source
- 1.4.3Global Vanilla Extract Market, by Application
- 1.4.4Global Vanilla Extract Market, by Distribution Channel
- 1.4.5Global Vanilla Extract Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Opportunities
- 3.2.3Market Restraints
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Global Vanilla Extract Market by Product Type
- 4.1Global Liquid Market by Region
- 4.2Global Powder Market by Region
Chapter 5.Global Vanilla Extract Market by Source
- 5.1Global Natural Market by Region
- 5.2Global Synthetic Market by Region
Chapter 6.Global Vanilla Extract Market by Application
- 6.1Global Food and Beverages Market by Region
- 6.2Global Personal Care Market by Region
- 6.3Global Others Market by Region
Chapter 7.Global Vanilla Extract Market by Distribution Channel
- 7.1Global Business-to-Business Market by Region
- 7.2Global Supermarkets & Hypermarkets Market by Region
- 7.3Global Convenience Stores Market by Region
- 7.4Global Departmental Stores Market by Region
- 7.5Global Online Sales Channels Market by Region
Chapter 8.Global Vanilla Extract Market by Region
- 8.1North America Vanilla Extract Market
- 8.1.1North America Vanilla Extract Market by Product Type
- 8.1.1.1North America Liquid Market by Region
- 8.1.1.2North America Powder Market by Region
- 8.1.2North America Vanilla Extract Market by Source
- 8.1.2.1North America Natural Market by Country
- 8.1.2.2North America Synthetic Market by Country
- 8.1.3North America Vanilla Extract Market by Application
- 8.1.3.1North America Food and Beverages Market by Country
- 8.1.3.2North America Personal Care Market by Country
- 8.1.3.3North America Others Market by Country
- 8.1.4North America Vanilla Extract Market by Distribution Channel
- 8.1.4.1North America Business-to-Business Market by Country
- 8.1.4.2North America Supermarkets & Hypermarkets Market by Country
- 8.1.4.3North America Convenience Stores Market by Country
- 8.1.4.4North America Departmental Stores Market by Country
- 8.1.4.5North America Online Sales Channels Market by Country
- 8.1.5North America Vanilla Extract Market by Country
- 8.1.5.1US Vanilla Extract Market
- 8.1.5.1.1US Vanilla Extract Market by Product Type
- 8.1.5.1.2US Vanilla Extract Market by Source
- 8.1.5.1.3US Vanilla Extract Market by Application
- 8.1.5.1.4US Vanilla Extract Market by Distribution Channel
- 8.1.5.2Canada Vanilla Extract Market
- 8.1.5.2.1Canada Vanilla Extract Market by Product Type
- 8.1.5.2.2Canada Vanilla Extract Market by Source
- 8.1.5.2.3Canada Vanilla Extract Market by Application
- 8.1.5.2.4Canada Vanilla Extract Market by Distribution Channel
- 8.1.5.3Mexico Vanilla Extract Market
- 8.1.5.3.1Mexico Vanilla Extract Market by Product Type
- 8.1.5.3.2Mexico Vanilla Extract Market by Source
- 8.1.5.3.3Mexico Vanilla Extract Market by Application
- 8.1.5.3.4Mexico Vanilla Extract Market by Distribution Channel
- 8.1.5.4Rest of North America Vanilla Extract Market
- 8.1.5.4.1Rest of North America Vanilla Extract Market by Product Type
- 8.1.5.4.2Rest of North America Vanilla Extract Market by Source
- 8.1.5.4.3Rest of North America Vanilla Extract Market by Application
- 8.1.5.4.4Rest of North America Vanilla Extract Market by Distribution Channel
- 8.2Europe Vanilla Extract Market
- 8.2.1Europe Vanilla Extract Market by Product Type
- 8.2.1.1Europe Liquid Market by Country
- 8.2.1.2Europe Powder Market by Country
- 8.2.2Europe Vanilla Extract Market by Source
- 8.2.2.1Europe Natural Market by Country
- 8.2.2.2Europe Synthetic Market by Country
- 8.2.3Europe Vanilla Extract Market by Application
- 8.2.3.1Europe Food and Beverages Market by Country
- 8.2.3.2Europe Personal Care Market by Country
- 8.2.3.3Europe Others Market by Country
- 8.2.4Europe Vanilla Extract Market by Distribution Channel
- 8.2.4.1Europe Business-to-Business Market by Country
- 8.2.4.2Europe Supermarkets & Hypermarkets Market by Country
- 8.2.4.3Europe Convenience Stores Market by Country
- 8.2.4.4Europe Departmental Stores Market by Country
- 8.2.4.5Europe Online Sales Channels Market by Country
- 8.2.5Europe Vanilla Extract Market by Country
- 8.2.5.1France Vanilla Extract Market
- 8.2.5.1.1France Vanilla Extract Market by Product Type
- 8.2.5.1.2France Vanilla Extract Market by Source
- 8.2.5.1.3France Vanilla Extract Market by Application
- 8.2.5.1.4France Vanilla Extract Market by Distribution Channel
- 8.2.5.2UK Vanilla Extract Market
- 8.2.5.2.1UK Vanilla Extract Market by Product Type
- 8.2.5.2.2UK Vanilla Extract Market by Source
- 8.2.5.2.3UK Vanilla Extract Market by Application
- 8.2.5.2.4UK Vanilla Extract Market by Distribution Channel
- 8.2.5.3Germany Vanilla Extract Market
- 8.2.5.3.1Germany Vanilla Extract Market by Product Type
- 8.2.5.3.2Germany Vanilla Extract Market by Source
- 8.2.5.3.3Germany Vanilla Extract Market by Application
- 8.2.5.3.4Germany Vanilla Extract Market by Distribution Channel
- 8.2.5.4Russia Vanilla Extract Market
- 8.2.5.4.1Russia Vanilla Extract Market by Product Type
- 8.2.5.4.2Russia Vanilla Extract Market by Source
- 8.2.5.4.3Russia Vanilla Extract Market by Application
- 8.2.5.4.4Russia Vanilla Extract Market by Distribution Channel
- 8.2.5.5Netherlands Vanilla Extract Market
- 8.2.5.5.1Netherlands Vanilla Extract Market by Product Type
- 8.2.5.5.2Netherlands Vanilla Extract Market by Source
- 8.2.5.5.3Netherlands Vanilla Extract Market by Application
- 8.2.5.5.4Netherlands Vanilla Extract Market by Distribution Channel
- 8.2.5.6Italy Vanilla Extract Market
- 8.2.5.6.1Italy Vanilla Extract Market by Product Type
- 8.2.5.6.2Italy Vanilla Extract Market by Source
- 8.2.5.6.3Italy Vanilla Extract Market by Application
- 8.2.5.6.4Italy Vanilla Extract Market by Distribution Channel
- 8.2.5.7Rest of Europe Vanilla Extract Market
- 8.2.5.7.1Rest of Europe Vanilla Extract Market by Product Type
- 8.2.5.7.2Rest of Europe Vanilla Extract Market by Source
- 8.2.5.7.3Rest of Europe Vanilla Extract Market by Application
- 8.2.5.7.4Rest of Europe Vanilla Extract Market by Distribution Channel
- 8.3Asia Pacific Vanilla Extract Market
- 8.3.1Asia Pacific Vanilla Extract Market by Product Type
- 8.3.1.1Asia Pacific Liquid Market by Country
- 8.3.1.2Asia Pacific Powder Market by Country
- 8.3.2Asia Pacific Vanilla Extract Market by Source
- 8.3.2.1Asia Pacific Natural Market by Country
- 8.3.2.2Asia Pacific Synthetic Market by Country
- 8.3.3Asia Pacific Vanilla Extract Market by Application
- 8.3.3.1Asia Pacific Food and Beverages Market by Country
- 8.3.3.2Asia Pacific Personal Care Market by Country
- 8.3.3.3Asia Pacific Others Market by Country
- 8.3.4Asia Pacific Vanilla Extract Market by Distribution Channel
- 8.3.4.1Asia Pacific Business-to-Business Market by Country
- 8.3.4.2Asia Pacific Supermarkets & Hypermarkets Market by Country
- 8.3.4.3Asia Pacific Convenience Stores Market by Country
- 8.3.4.4Asia Pacific Departmental Stores Market by Country
- 8.3.4.5Asia Pacific Online Sales Channels Market by Country
- 8.3.5Asia Pacific Vanilla Extract Market by Country
- 8.3.5.1China Vanilla Extract Market
- 8.3.5.1.1China Vanilla Extract Market by Product Type
- 8.3.5.1.2China Vanilla Extract Market by Source
- 8.3.5.1.3China Vanilla Extract Market by Application
- 8.3.5.1.4China Vanilla Extract Market by Distribution Channel
- 8.3.5.2Japan Vanilla Extract Market
- 8.3.5.2.1Japan Vanilla Extract Market by Product Type
- 8.3.5.2.2Japan Vanilla Extract Market by Source
- 8.3.5.2.3Japan Vanilla Extract Market by Application
- 8.3.5.2.4Japan Vanilla Extract Market by Distribution Channel
- 8.3.5.3India Vanilla Extract Market
- 8.3.5.3.1India Vanilla Extract Market by Product Type
- 8.3.5.3.2India Vanilla Extract Market by Source
- 8.3.5.3.3India Vanilla Extract Market by Application
- 8.3.5.3.4India Vanilla Extract Market by Distribution Channel
- 8.3.5.4South Korea Vanilla Extract Market
- 8.3.5.4.1South Korea Vanilla Extract Market by Product Type
- 8.3.5.4.2South Korea Vanilla Extract Market by Source
- 8.3.5.4.3South Korea Vanilla Extract Market by Application
- 8.3.5.4.4South Korea Vanilla Extract Market by Distribution Channel
- 8.3.5.5Australia Vanilla Extract Market
- 8.3.5.5.1Australia Vanilla Extract Market by Product Type
- 8.3.5.5.2Australia Vanilla Extract Market by Source
- 8.3.5.5.3Australia Vanilla Extract Market by Application
- 8.3.5.5.4Australia Vanilla Extract Market by Distribution Channel
- 8.3.5.6Malaysia Vanilla Extract Market
- 8.3.5.6.1Malaysia Vanilla Extract Market by Product Type
- 8.3.5.6.2Malaysia Vanilla Extract Market by Source
- 8.3.5.6.3Malaysia Vanilla Extract Market by Application
- 8.3.5.6.4Malaysia Vanilla Extract Market by Distribution Channel
- 8.3.5.7Rest of Asia Pacific Vanilla Extract Market
- 8.3.5.7.1Rest of Asia Pacific Vanilla Extract Market by Product Type
- 8.3.5.7.2Rest of Asia Pacific Vanilla Extract Market by Source
- 8.3.5.7.3Rest of Asia Pacific Vanilla Extract Market by Application
- 8.3.5.7.4Rest of Asia Pacific Vanilla Extract Market by Distribution Channel
- 8.4LAMEA Vanilla Extract Market
- 8.4.1LAMEA Vanilla Extract Market by Product Type
- 8.4.1.1LAMEA Liquid Market by Country
- 8.4.1.2LAMEA Powder Market by Country
- 8.4.2LAMEA Vanilla Extract Market by Source
- 8.4.2.1LAMEA Natural Market by Country
- 8.4.2.2LAMEA Synthetic Market by Country
- 8.4.3LAMEA Vanilla Extract Market by Application
- 8.4.3.1LAMEA Food and Beverages Market by Country
- 8.4.3.2LAMEA Personal Care Market by Country
- 8.4.3.3LAMEA Others Market by Country
- 8.4.4LAMEA Vanilla Extract Market by Distribution Channel
- 8.4.4.1LAMEA Business-to-Business Market by Country
- 8.4.4.2LAMEA Supermarkets & Hypermarkets Market by Country
- 8.4.4.3LAMEA Convenience Stores Market by Country
- 8.4.4.4LAMEA Departmental Stores Market by Country
- 8.4.4.5LAMEA Online Sales Channels Market by Country
- 8.4.5LAMEA Vanilla Extract Market by Country
- 8.4.5.1Brazil Vanilla Extract Market
- 8.4.5.1.1Brazil Vanilla Extract Market by Product Type
- 8.4.5.1.2Brazil Vanilla Extract Market by Source
- 8.4.5.1.3Brazil Vanilla Extract Market by Application
- 8.4.5.1.4Brazil Vanilla Extract Market by Distribution Channel
- 8.4.5.2Argentina Vanilla Extract Market
- 8.4.5.2.1Argentina Vanilla Extract Market by Product Type
- 8.4.5.2.2Argentina Vanilla Extract Market by Source
- 8.4.5.2.3Argentina Vanilla Extract Market by Application
- 8.4.5.2.4Argentina Vanilla Extract Market by Distribution Channel
- 8.4.5.3UAE Vanilla Extract Market
- 8.4.5.3.1UAE Vanilla Extract Market by Product Type
- 8.4.5.3.2UAE Vanilla Extract Market by Source
- 8.4.5.3.3UAE Vanilla Extract Market by Application
- 8.4.5.3.4UAE Vanilla Extract Market by Distribution Channel
- 8.4.5.4Saudi Arabia Vanilla Extract Market
- 8.4.5.4.1Saudi Arabia Vanilla Extract Market by Product Type
- 8.4.5.4.2Saudi Arabia Vanilla Extract Market by Source
- 8.4.5.4.3Saudi Arabia Vanilla Extract Market by Application
- 8.4.5.4.4Saudi Arabia Vanilla Extract Market by Distribution Channel
- 8.4.5.5South Africa Vanilla Extract Market
- 8.4.5.5.1South Africa Vanilla Extract Market by Product Type
- 8.4.5.5.2South Africa Vanilla Extract Market by Source
- 8.4.5.5.3South Africa Vanilla Extract Market by Application
- 8.4.5.5.4South Africa Vanilla Extract Market by Distribution Channel
- 8.4.5.6Nigeria Vanilla Extract Market
- 8.4.5.6.1Nigeria Vanilla Extract Market by Product Type
- 8.4.5.6.2Nigeria Vanilla Extract Market by Source
- 8.4.5.6.3Nigeria Vanilla Extract Market by Application
- 8.4.5.6.4Nigeria Vanilla Extract Market by Distribution Channel
- 8.4.5.7Rest of LAMEA Vanilla Extract Market
- 8.4.5.7.1Rest of LAMEA Vanilla Extract Market by Product Type
- 8.4.5.7.2Rest of LAMEA Vanilla Extract Market by Source
- 8.4.5.7.3Rest of LAMEA Vanilla Extract Market by Application
- 8.4.5.7.4Rest of LAMEA Vanilla Extract Market by Distribution Channel
Chapter 9.Company Profiles
- 9.1McCormick & Company, Inc.
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research & Development Expense
- 9.1.5SWOT Analysis
- 9.2Kerry Group PLC
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Segmental and Regional Analysis
- 9.2.4Research & Development Expenses
- 9.2.5SWOT Analysis
- 9.3Nielsen-Massey Vanillas, Inc.
- 9.3.1Company Overview
- 9.3.2SWOT Analysis
- 9.4Naturalight Foods Inc.
- 9.4.1Company Overview
- 9.4.2SWOT Analysis
- 9.5Adams Flavors, Foods & Ingredients, LLC
- 9.5.1Company Overview
- 9.5.2SWOT Analysis
- 9.6Sauer Brands Inc.
- 9.6.1Company Overview
- 9.6.2SWOT Analysis
- 9.7OliveNation, LLC
- 9.7.1Company Overview
- 9.7.2SWOT Analysis
- 9.8Frontier Cooperative
- 9.8.1Company Overview
- 9.8.2SWOT Analysis
- 9.9DSM-Firmenich
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3Segmental and Regional Analysis
- 9.9.4Research & Development Expense
- 9.9.5SWOT Analysis
- 9.10.International Flavors & Fragrances, Inc.
- 9.10.1Company Overview
- 9.10.2Financial Analysis
- 9.10.3Segment & Regional Analysis
- 9.10.4Research & Development Expense
- 9.10.5Recent strategies and developments:
- 9.10.5.1Partnerships, Collaborations, and Agreements:
- 9.10.6SWOT Analysis
Chapter 10.Winning Imperatives of Vanilla Extract Market