Global Vanilla Market Report, History and Forecast 2016-2027, Breakdown Data by Manufacturers, Key Regions, Types and Application

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.
Global Vanilla key players include International Flavors & Fragrances, Nielsen-Massey, Lochhead Manufacturing Co, Heilala Vanilla, etc. Global top four manufacturers hold a share over 5%.
North America is the largest market, with a share over 50%, followed by China, and Europe, both have a share about 40 percent.
In terms of product, Bean is the largest segment, with a share over 70%. And in terms of application, the largest application is Food and Beverages, followed by Cosmetic, Pharma.

Market Analysis and Insights: Global Vanilla Market
In 2020, the global Vanilla market size was US$ 741.2 million and it is expected to reach US$ 371.4 million by the end of 2027, with a CAGR of -9.4% between 2021 and 2027
Global Vanilla Scope and Market Size
The global Vanilla market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Vanilla market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
Bean
Extract
Powder
Paste

Segment by Application
Food and Beverages
Cosmetic
Pharma

By Company
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

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE