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Europe Vanilla Extract Market Forecast to 2030
Europe Vanilla Extract Market Forecast to 2030 – Regional Analysis – by Form (Powder and Liquid), Category (Organic and Conventional), and Application (Food & Beverages [Bakery & Confectionery, Dairy & Frozen Desserts, Beverages, Sweet & Savory Snacks, and Others], Personal Care, and Others)
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Description
Rising Adoption of Vanilla Extract in Personal Care Drives Europe Vanilla Extract Market
Awareness regarding health and skin care has increased significantly among people in recent years. Due to increased disposable income, consumers are willing to spend a tremendous amount on skincare products that make their skin appear healthy and radiant. People also spend extensively on personal care products as they are conscious about their appearance in social settings. Increasing pressure to look good in an image-focused society and rising expenditure on beauty products fuel the growth of the personal care industry across the world.
Vanilla has extensive usage in the personal care & cosmetic industry. As vanilla is high in antioxidants, which neutralize free radicals and help repair skin damage, it is highly utilized in cosmetics and skincare products. With the growing awareness about its anti-inflammatory and antiaging properties, use of vanilla has increased in various skincare products such as moisturizers, antiaging lotions, sunscreens, and face masks. Thus, with growing adoption, manufacturers offer vanilla-flavored cosmetics and personal care products.
Thus, the rising adoption of vanilla extracts in various cosmetics and personal care products to meet emerging consumer demand bolsters the vanilla extract market growth.
Europe Vanilla Extract Market Overview
The Rest of Europe vanilla extract market is segmented into Russia, Poland, Greece, and Belgium, among others. The ongoing self-care trend of European consumers encourages manufacturers to incorporate different natural extracts in their skin care products, such as face washes, body creams, and moisturizers. Moreover, vanilla is used as a flavoring agent in various food & beverages, such as bakery & confectionery products, frozen desserts, and savory snacks. With the increasing demand for vanilla extract among various end-use industries, manufacturers are expanding their portfolio to offer an extensive range of products to end users.
Europe Vanilla Extract Market Revenue and Forecast to 2030 (US$ Million)
Europe Vanilla Extract Market Segmentation
The Europe vanilla extract market is segmented based on form, category, application, and country. Based on form, the Europe vanilla extract market is bifurcated into powder and liquid. The liquid segment held a larger market share in 2022.
In terms of category, the Europe vanilla extract market is bifurcated into organic and conventional. The conventional segment held a larger market share in 2022.
By application, the Europe vanilla extract market is categorized into food & beverages, personal care, and others. The food & beverages segment held the largest market share in 2022. Further, food & beverages segment is categorized into bakery & confectionery, dairy & frozen desserts, beverages, sweet & savory snacks, and others.
Based on country, the Europe vanilla extract market is segmented into Germany, the UK, France, Italy, Spain, the Netherlands, and the Rest of Europe. The Rest of Europe dominated the Europe vanilla extract market share in 2022.
Eurovanille, Prova SAS, HE Stringer Flavours Ltd, Natural Vanilla Pty Ltd, Kerry Group Plc, Archer-Daniels-Midland Co, Virginia Dare Extract Co Inc, and Synergy Flavors Inc are some of the leading players operating in the Europe vanilla extract market.
Summary Info
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According to the Research Team’ research, the Europe vanilla extract market was valued at US$ 71.96 million in 2022 and is expected to reach US$ 109.41 million by 2030, registering a CAGR of 5.4% from 2022 to 2030. Expanding demand for natural/clean-label ingredients and rising adoption of vanilla extract in personal care are among the critical factors attributed to the Europe vanilla extract market expansion.
Consumers across the world are leaning toward the adoption of a healthier lifestyle. Natural flavors can satisfy consumers’ dietary requirements. Descriptions on menus and labels on food packaging highly influence consumer preferences. Clean-label products are becoming increasingly popular as consumers prefer 100% natural products with no synthetic ingredients such as preservatives, artificial colors, flavors, and others. Consumer demand and international regulations have prompted various application industries to seek active ingredients from natural sources to produce safe and sustainable products. Thus, manufacturers of vanilla extracts expand their product portfolio to fulfil the increasing demand for natural and clean-label ingredients. Thus, the rising demand for natural and clean-label ingredients is expected to provide lucrative opportunities for the Europe vanilla extract market during the forecast period.
On the contrary, price volatility and supply shortage hurdles the growth of Europe vanilla extract market.
Based on form, the Europe vanilla extract market is bifurcated into powder and liquid. The liquid segment held 88.9% share of Europe vanilla extract market in 2022, amassing US$ 63.95 million. It is projected to garner US$ 97.48 million by 2030 to expand at 5.4% CAGR during 2022-2030.
In terms of category, the Europe vanilla extract market is bifurcated into organic and conventional. The conventional segment held 73.1% share of Europe vanilla extract market in 2022, amassing US$ 52.58 million. It is projected to garner US$ 77.96 million by 2030 to expand at 5.0% CAGR during 2022-2030.
By application, the Europe vanilla extract market is segmented into food & beverages, personal care, and others. The food & beverages segment held 56.0% share of Europe vanilla extract market in 2022, amassing US$ 40.32 million. It is projected to garner US$ 60.52 million by 2030 to expand at 5.2% CAGR during 2022-2030. Further, food & beverages segment is categorized into bakery & confectionery, dairy & frozen desserts, beverages, sweet & savory snacks, and others.
Based on country, the Europe vanilla extract market has been categorized into Germany, the UK, France, Italy, Spain, the Netherlands, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 32.0% share of Europe vanilla extract market in 2022. It was assessed at US$ 23.01 million in 2022 and is likely to hit US$ 32.02 million by 2030, exhibiting a CAGR of 4.2% during 2022-2030.
Key players operating in the Europe vanilla extract market are Eurovanille, Prova SAS, HE Stringer Flavours Ltd, Natural Vanilla Pty Ltd, Kerry Group Plc, Archer-Daniels-Midland Co, Virginia Dare Extract Co Inc, and Synergy Flavors Inc, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe vanilla extract market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe vanilla extract market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Vanilla Extract Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 Application
4.4 List of Vendors
5. Europe Vanilla Extract Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Wide Range of Applications of Vanilla Extract in Food & Beverage Industries
5.1.2 Rising Adoption of Vanilla Extract in Personal Care
5.2 Market Restraints
5.2.1 Price Volatility and Supply Shortage
5.3 Market Opportunities
5.3.1 Expanding Demand for Natural/Clean-Label Ingredients
5.4 Future Trends
5.4.1 High Demand for Organic Vanilla Products
5.5 Impact Analysis of Drivers and Restraints
6. Vanilla Extract Market – Europe Market Analysis
6.1 Overview
6.2 Europe Vanilla Extract Market Revenue (US$ Thousand), 2020 – 2030
6.3 Vanilla Extract Market Forecast and Analysis
7. Europe Vanilla Extract Market Analysis – Form
7.1 Liquid
7.1.1 Overview
7.1.2 Liquid Market Revenue and Forecast to 2030 (US$ Thousand)
7.2 Powder
7.2.1 Overview
7.2.2 Powder Market Revenue and Forecast to 2030 (US$ Thousand)
8. Europe Vanilla Extract Market Analysis – Category
8.1 Organic
8.1.1 Overview
8.1.2 Organic Market Revenue and Forecast to 2030 (US$ Thousand)
8.2 Conventional
8.2.1 Overview
8.2.2 Conventional Market Revenue and Forecast to 2030 (US$ Thousand)
9. Europe Vanilla Extract Market Analysis – Application
9.1 Food & Beverages
9.1.1 Overview
9.1.2 Food & Beverages Market Revenue and Forecast to 2030 (US$ Thousand)
9.1.2.1 Bakery & Confectionery
9.1.2.1.1 Overview
9.1.2.1.2 Bakery & Confectionery Market Revenue and Forecast to 2030 (US$ Thousand)
9.1.2.2 Dairy & Frozen Desserts
9.1.2.2.1 Overview
9.1.2.2.2 Dairy & Frozen Desserts Market Revenue and Forecast to 2030 (US$ Thousand)
9.1.2.3 Beverages
9.1.2.3.1 Overview
9.1.2.3.2 Beverages Market Revenue and Forecast to 2030 (US$ Thousand)
9.1.2.4 Sweet & Savory Snacks
9.1.2.4.1 Overview
9.1.2.4.2 Sweet & Savory Snacks Market Revenue and Forecast to 2030 (US$ Thousand)
9.1.2.5 Others
9.1.2.5.1 Overview
9.1.2.5.2 Others Market Revenue and Forecast to 2030 (US$ Thousand)
9.2 Personal Care
9.2.1 Overview
9.2.2 Personal Care Market Revenue and Forecast to 2030 (US$ Thousand)
9.3 Others
9.3.1 Overview
9.3.2 Others Market Revenue and Forecast to 2030 (US$ Thousand)
10. Europe Vanilla Extract Market – Country Analysis
10.1 Europe
10.1.1 Europe Vanilla Extract Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 Europe Vanilla Extract Market Breakdown by Country
10.1.1.2 Germany Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.1.2.1 Germany Vanilla Extract Market Breakdown by Form
10.1.1.2.2 Germany Vanilla Extract Market Breakdown by Category
10.1.1.2.3 Germany Vanilla Extract Market Breakdown by Application
10.1.1.3 France Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.1.3.1 France Vanilla Extract Market Breakdown by Form
10.1.1.3.2 France Vanilla Extract Market Breakdown by Category
10.1.1.3.3 France Vanilla Extract Market Breakdown by Application
10.1.1.4 Italy Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.1.4.1 Italy Vanilla Extract Market Breakdown by Form
10.1.1.4.2 Italy Vanilla Extract Market Breakdown by Category
10.1.1.4.3 Italy Vanilla Extract Market Breakdown by Application
10.1.1.5 Spain Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.1.5.1 Spain Vanilla Extract Market Breakdown by Form
10.1.1.5.2 Spain Vanilla Extract Market Breakdown by Category
10.1.1.5.3 Spain Vanilla Extract Market Breakdown by Application
10.1.1.6 UK Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.1.6.1 UK Vanilla Extract Market Breakdown by Form
10.1.1.6.2 UK Vanilla Extract Market Breakdown by Category
10.1.1.6.3 UK Vanilla Extract Market Breakdown by Application
10.1.1.7 Netherland Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.1.7.1 Netherland Vanilla Extract Market Breakdown by Form
10.1.1.7.2 Netherland Vanilla Extract Market Breakdown by Category
10.1.1.7.3 Netherland Vanilla Extract Market Breakdown by Application
10.1.1.8 Rest of Europe Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
10.1.1.8.1 Rest of Europe Vanilla Extract Market Breakdown by Form
10.1.1.8.2 Rest of Europe Vanilla Extract Market Breakdown by Category
10.1.1.8.3 Rest of Europe Vanilla Extract Market Breakdown by Application
11. Company Profiles
11.1 Eurovanille
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Prova SAS
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 HE Stringer Flavours Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Natural Vanilla Pty Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Kerry Group Plc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Archer-Daniels-Midland Co
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Virginia Dare Extract Co Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Synergy Flavors Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
LIST OF TABLES
Table 2. List of Vendors in Value Chain:
Table 3. Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
Table 4. Europe Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – Form
Table 5. Europe Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – Category
Table 6. Europe Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – Application
Table 7. Germany Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Form
Table 8. Germany Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Category
Table 9. Germany Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Application
Table 10. France Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Form
Table 11. France Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Category
Table 12. France Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Application
Table 13. Italy Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Form
Table 14. Italy Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Category
Table 15. Italy Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Application
Table 16. Spain Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Form
Table 17. Spain Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Category
Table 18. Spain Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Application
Table 19. UK Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Form
Table 20. UK Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Category
Table 21. UK Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Application
Table 22. Netherland Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Form
Table 23. Netherland Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Category
Table 24. Netherland Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Application
Table 25. Rest of Europe Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Form
Table 26. Rest of Europe Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Category
Table 27. Rest of Europe Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand) – By Application
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LIST OF FIGURES
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: Vanilla Extract Market
Figure 4. Vanilla Extract Market – Key Industry Dynamics
Figure 5. Europe Vanilla Extract Market Impact Analysis of Drivers and Restraints
Figure 6. Europe Vanilla Extract Market Revenue (US$ Thousand), 2020 – 2030
Figure 7. Europe Vanilla Extract Market Share (%) – Form, 2022 and 2030
Figure 8. Liquid Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 9. Powder Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 10. Europe Vanilla Extract Market Share (%) -Category, 2022 and 2030
Figure 11. Organic Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 12. Conventional Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 13. Europe Vanilla Extract Market Share (%) -Application, 2022 and 2030
Figure 14. Food & Beverages Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 15. Bakery & Confectionery Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 16. Dairy & Frozen Desserts Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 17. Beverages Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 18. Sweet & Savory Snacks Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 19. Others Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 20. Personal Care Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 21. Others Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 22. Europe Vanilla Extract Market, by Key Countries – Revenue (2022) (US$ Thousand)
Figure 23. Europe Vanilla Extract Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 24. Germany Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 25. France Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 26. Italy Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 27. Spain Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 28. UK Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 29. Netherland Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
Figure 30. Rest of Europe Vanilla Extract Market Revenue and Forecasts to 2030 (US$ Thousand)
1. Eurovanille
2. Prova SAS
3. HE Stringer Flavours Ltd
4. Natural Vanilla Pty Ltd
5. Kerry Group Plc
6. Archer-Daniels-Midland Co
7. Virginia Dare Extract Co Inc
8. Synergy Flavors Inc
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