On : 04 february 2025
• In 2023, the global vanilla market was valued at US$ 596.69 million. However, it is expected to decline to US$ 418.27 million by 2030, witnessing a negative CAGR of -4.96% during the forecast period (20242030). The downward trend is largely attributed to supply chain disruptions, fluctuating raw material prices, and synthetic vanilla alternatives gaining market share.
Email: help@intelmarketresearch.com +91 9169164321
• The global vanilla market encompasses the production, distribution, and consumption of vanilla in various forms, including beans, extracts, powders, and pastes. Vanilla is one of the most popular flavors worldwide, widely used in the food and beverage industry, cosmetics, and pharmaceuticals. Derived from the orchid species Vanilla planifolia, the natural vanilla market is largely dominated by Madagascar, which produces over 80% of the world’s supply.
Email: help@intelmarketresearch.com +91 9169164321
