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LAMEA Vanillic Acid Market Size, Share & Trends Analysis Report By Purity (Purity 98%, Purity 99%, and Others), By Application (Flavors & Fragrances, Pharmaceutical Intermediates, and Others), By Country and Growth Forecast, 2024 - 2031

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    Report

  • 113 Pages
  • April 2024
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5955251
The Latin America, Middle East and Africa Vanillic Acid Market would witness market growth of 3.1% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 1,855.2 tonnes, showcasing a growth of 3.3% (2024-2031).

In the pharmaceutical intermediates sector of the Vanillic Acid market, Vanillic Acid plays a crucial role as a key precursor in the synthesis of various pharmaceutical compounds. With its versatile chemical properties and functional groups, Vanillic Acid serves as a valuable building block in the production of numerous pharmaceutical intermediates and active pharmaceutical ingredients (APIs). Thus, the Brazil market would consume 156.6 tonnes of Vanillic Acid in pharmaceutical intermediates sector by 2031.



The Brazil market dominated the LAMEA Vanillic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $456.9 million by 2031. The Argentina market is registering a CAGR of 3.7% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 2.7% during (2024 - 2031).

Vanillic acid is a valuable ingredient in the fragrance and perfume industry due to its sweet, floral aroma reminiscent of vanilla. It is used in perfumes, colognes, body sprays, scented candles, and other fragrance products to impart warm, comforting, and inviting notes. Vanillic acid enhances the overall fragrance composition, adding depth, richness, and complexity to the scent profile.

Furthermore, vanillic acid finds applications in drug formulation and development in the pharmaceutical industry. It possesses antioxidant properties that can help stabilize pharmaceutical formulations and protect active ingredients from degradation due to oxidation. Vanillic acid is used in oral medications, topical formulations, and dietary supplements for various health conditions, including inflammation, oxidative stress, and microbial infections.

Peru has a rich culinary tradition, particularly in producing baked goods, desserts, and confectionery items. Vanillic acid is commonly used to produce cakes, cookies, chocolates, candies, and other sweet treats to enhance their flavor profile with a hint of vanilla. The retail food sector’s recovery has played a critical role in the growth of the cookie and snack bar category, which saw an increase in sales in 2023. Sweet cookies are the most popular and account for 94 percent of market share. In conclusion, the rising processed food industry propels the market’s growth.

Based on Purity, the market is segmented into Purity 98%, Purity 99%, and Others. Based on Application, the market is segmented into Flavors & Fragrances, Pharmaceutical Intermediates, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

  • Solvay SA
  • Lanxess AG
  • Parchem Fine and Specialty Chemicals, Inc.
  • Biosynth AG (Carbosynth Ltd.)
  • Cayman Chemical Company, Inc.
  • Merck Millipore (Merck Group)
  • Tokyo Chemical Industry Co., Ltd.
  • Otto Chemie Pvt. Ltd.
  • Santa Cruz Biotechnology, Inc.
  • Spectrum Chemical Mfg. Corp.

Market Report Segmentation

By Purity (Volume, Tonnes, USD Billion, 2020-2031)
  • Purity 98%
  • Purity 99%
  • Others
By Application (Volume, Tonnes, USD Billion, 2020-2031)
  • Flavors & Fragrances
  • Pharmaceutical Intermediates
  • Others
By Country (Volume, Tonnes, USD Billion, 2020-2031)
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Vanillic Acid Market, by Purity
1.4.2 LAMEA Vanillic Acid Market, by Application
1.4.3 LAMEA Vanillic Acid Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. LAMEA Vanillic Acid Market by Purity
4.1 LAMEA Purity 98% Market by Country
4.2 LAMEA Purity 99% Market by Country
4.3 LAMEA Others Market by Country
Chapter 5. LAMEA Vanillic Acid Market by Application
5.1 LAMEA Flavors & Fragrances Market by Country
5.2 LAMEA Pharmaceutical Intermediates Market by Country
5.3 LAMEA Others Market by Country
Chapter 6. LAMEA Vanillic Acid Market by Country
6.1 Brazil Vanillic Acid Market
6.1.1 Brazil Vanillic Acid Market by Purity
6.1.2 Brazil Vanillic Acid Market by Application
6.2 Argentina Vanillic Acid Market
6.2.1 Argentina Vanillic Acid Market by Purity
6.2.2 Argentina Vanillic Acid Market by Application
6.3 UAE Vanillic Acid Market
6.3.1 UAE Vanillic Acid Market by Purity
6.3.2 UAE Vanillic Acid Market by Application
6.4 Saudi Arabia Vanillic Acid Market
6.4.1 Saudi Arabia Vanillic Acid Market by Purity
6.4.2 Saudi Arabia Vanillic Acid Market by Application
6.5 South Africa Vanillic Acid Market
6.5.1 South Africa Vanillic Acid Market by Purity
6.5.2 South Africa Vanillic Acid Market by Application
6.6 Nigeria Vanillic Acid Market
6.6.1 Nigeria Vanillic Acid Market by Purity
6.6.2 Nigeria Vanillic Acid Market by Application
6.7 Rest of LAMEA Vanillic Acid Market
6.7.1 Rest of LAMEA Vanillic Acid Market by Purity
6.7.2 Rest of LAMEA Vanillic Acid Market by Application
Chapter 7. Company Profiles
7.1 Solvay SA
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Lanxess AG
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 SWOT Analysis
7.3 Parchem Fine and Specialty Chemicals, Inc.
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 Biosynth AG (Carbosynth Ltd.)
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 Cayman Chemical Company, Inc.
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 Merck Millipore (Merck Group)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 SWOT Analysis
7.7 Tokyo Chemical Industry Co., Ltd.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Otto Chemie Pvt. Ltd.
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 Santa Cruz Biotechnology, Inc.
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
7.10.1 Company Overview
7.10.2 SWOT Analysis

Companies Mentioned

  • Solvay SA
  • Lanxess AG
  • Parchem Fine and Specialty Chemicals, Inc.
  • Biosynth AG (Carbosynth Ltd.)
  • Cayman Chemical Company, Inc.
  • Merck Millipore (Merck Group)
  • Tokyo Chemical Industry Co., Ltd.
  • Otto Chemie Pvt. Ltd.
  • Santa Cruz Biotechnology, Inc.
  • Spectrum Chemical Mfg. Corp.

Methodology

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