PUBLISHER: KBV Research | PRODUCT CODE: 1472496
PUBLISHER: KBV Research | PRODUCT CODE: 1472496
Asia Pacific 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
The Asia Pacific Vanillic Acid Market would witness market growth of 2.3% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 9,660.4 tonnes, showcasing a growth of 9.3% (2020-2023).
In the Vanillic Acid market, a purity level of 99% represents a premium grade product sought after for its exceptional quality and reliability. With a purity of 99%, Vanillic Acid meets stringent standards, ensuring consistency and effectiveness in various applications across industries such as food and beverage, pharmaceuticals, and cosmetics. Therefore, the China market would consume 1,106.5 tonnes of 99% pure Vanillic Acid by 2031.
The China market dominated the Asia Pacific Vanillic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,555.5 million by 2031. The Japan market is exhibiting a CAGR of 2.1% during (2024 - 2031). Additionally, The India market would experience a CAGR of 2.9% during (2024 - 2031).
There is growing interest in functional foods and nutraceuticals that offer health benefits beyond basic nutrition. It is known for its antioxidant, anti-inflammatory, and antimicrobial properties, is gaining attention as a functional ingredient in dietary supplements, functional beverages, and fortified food products. It targets various health concerns such as inflammation, oxidative stress, and digestive health.
In addition, the market is witnessing growth and expansion, driven by increasing demand from emerging economies, technological advancements, and shifting consumer preferences. Manufacturers are exploring new market opportunities, expanding distribution networks, and forging strategic partnerships to capitalize on the growing demand for vanillic acid.
South Korea is renowned for its innovative and cutting-edge cosmetic formulations, often referred to as K-beauty or Korean beauty products. As South Korean cosmetic companies continue introducing novel skincare, makeup, and hair care products, there is a growing demand for unique and effective ingredients like vanillic acid to differentiate their formulations and cater to consumer preferences. As per the data from the International Trade Administration, for 2021, the total value of cosmetics produced in South Korea was $14.5 billion, and cosmetics exports hit a record high, growing 21.3 percent from the previous year to $9.2 billion. South Korea's trade surplus in the cosmetics sector grew by 28.6 percent to $7.8 billion. Therefore, the expansion of the pharmaceutical industry and the rising cosmetics industry in the region is propelling 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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.
Asia Pacific Vanillic Acid 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)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Asia Pacific Vanillic Acid Market, by Purity
- 1.4.2Asia Pacific Vanillic Acid Market, by Application
- 1.4.3Asia Pacific Vanillic Acid Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Opportunities
- 3.2.3Market Restraints
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Asia Pacific Vanillic Acid Market by Purity
- 4.1Asia Pacific Purity 98% Market by Country
- 4.2Asia Pacific Purity 99% Market by Country
- 4.3Asia Pacific Others Market by Country
Chapter 5.Asia Pacific Vanillic Acid Market by Application
- 5.1Asia Pacific Flavors & Fragrances Market by Country
- 5.2Asia Pacific Pharmaceutical Intermediates Market by Country
- 5.3Asia Pacific Others Market by Country
Chapter 6.Asia Pacific Vanillic Acid Market by Country
- 6.1China Vanillic Acid Market
- 6.1.1China Vanillic Acid Market by Purity
- 6.1.2China Vanillic Acid Market by Application
- 6.2Japan Vanillic Acid Market
- 6.2.1Japan Vanillic Acid Market by Purity
- 6.2.2Japan Vanillic Acid Market by Application
- 6.3India Vanillic Acid Market
- 6.3.1India Vanillic Acid Market by Purity
- 6.3.2India Vanillic Acid Market by Application
- 6.4South Korea Vanillic Acid Market
- 6.4.1South Korea Vanillic Acid Market by Purity
- 6.4.2South Korea Vanillic Acid Market by Application
- 6.5Singapore Vanillic Acid Market
- 6.5.1Singapore Vanillic Acid Market by Purity
- 6.5.2Singapore Vanillic Acid Market by Application
- 6.6Malaysia Vanillic Acid Market
- 6.6.1Malaysia Vanillic Acid Market by Purity
- 6.6.2Malaysia Vanillic Acid Market by Application
- 6.7Rest of Asia Pacific Vanillic Acid Market
- 6.7.1Rest of Asia Pacific Vanillic Acid Market by Purity
- 6.7.2Rest of Asia Pacific Vanillic Acid Market by Application
Chapter 7.Company Profiles
- 7.1Solvay SA
- 7.1.1Company Overview
- 7.1.2Financial Analysis
- 7.1.3Segmental and Regional Analysis
- 7.1.4Research & Development Expenses
- 7.1.5SWOT Analysis
- 7.2Lanxess AG
- 7.2.1Company Overview
- 7.2.2Financial Analysis
- 7.2.3Segmental and Regional Analysis
- 7.2.4Research & Development Expenses
- 7.2.5SWOT Analysis
- 7.3Parchem Fine and Specialty Chemicals, Inc.
- 7.3.1Company Overview
- 7.3.2SWOT Analysis
- 7.4Biosynth AG (Carbosynth Ltd.)
- 7.4.1Company Overview
- 7.4.2SWOT Analysis
- 7.5Cayman Chemical Company, Inc.
- 7.5.1Company Overview
- 7.5.2SWOT Analysis
- 7.6Merck Millipore (Merck Group)
- 7.6.1Company Overview
- 7.6.2Financial Analysis
- 7.6.3Segmental and Regional Analysis
- 7.6.4Research & Development Expense
- 7.6.5SWOT Analysis
- 7.7Tokyo Chemical Industry Co., Ltd.
- 7.7.1Company Overview
- 7.7.2SWOT Analysis
- 7.8Otto Chemie Pvt. Ltd.
- 7.8.1Company Overview
- 7.8.2SWOT Analysis
- 7.9Santa Cruz Biotechnology, Inc.
- 7.9.1Company Overview
- 7.9.2SWOT Analysis
- 7.10.Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
- 7.10.1Company Overview
- 7.10.2SWOT Analysis
LIST OF TABLES
- TABLE 1Asia Pacific Vanillic Acid Market, 2020 - 2023, USD Million
- TABLE 2Asia Pacific Vanillic Acid Market, 2024 - 2031, USD Million
- TABLE 3Asia Pacific Vanillic Acid Market, 2020 - 2023, Tonnes
- TABLE 4Asia Pacific Vanillic Acid Market, 2024 - 2031, Tonnes
- TABLE 5Asia Pacific Vanillic Acid Market by Purity, 2020 - 2023, USD Million
- TABLE 6Asia Pacific Vanillic Acid Market by Purity, 2024 - 2031, USD Million
- TABLE 7Asia Pacific Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
- TABLE 8Asia Pacific Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
- TABLE 9Asia Pacific Purity 98% Market by Country, 2020 - 2023, USD Million
- TABLE 10Asia Pacific Purity 98% Market by Country, 2024 - 2031, USD Million
- TABLE 11Asia Pacific Purity 98% Market by Country, 2020 - 2023, Tonnes
- TABLE 12Asia Pacific Purity 98% Market by Country, 2024 - 2031, Tonnes
- TABLE 13Asia Pacific Purity 99% Market by Country, 2020 - 2023, USD Million
- TABLE 14Asia Pacific Purity 99% Market by Country, 2024 - 2031, USD Million
- TABLE 15Asia Pacific Purity 99% Market by Country, 2020 - 2023, Tonnes
- TABLE 16Asia Pacific Purity 99% Market by Country, 2024 - 2031, Tonnes
- TABLE 17Asia Pacific Others Market by Country, 2020 - 2023, USD Million
- TABLE 18Asia Pacific Others Market by Country, 2024 - 2031, USD Million
- TABLE 19Asia Pacific Others Market by Country, 2020 - 2023, Tonnes
- TABLE 20Asia Pacific Others Market by Country, 2024 - 2031, Tonnes
- TABLE 21Asia Pacific Vanillic Acid Market by Application, 2020 - 2023, USD Million
- TABLE 22Asia Pacific Vanillic Acid Market by Application, 2024 - 2031, USD Million
- TABLE 23Asia Pacific Vanillic Acid Market by Application, 2020 - 2023, Tonnes
- TABLE 24Asia Pacific Vanillic Acid Market by Application, 2024 - 2031, Tonnes
- TABLE 25Asia Pacific Flavors & Fragrances Market by Country, 2020 - 2023, USD Million
- TABLE 26Asia Pacific Flavors & Fragrances Market by Country, 2024 - 2031, USD Million
- TABLE 27Asia Pacific Flavors & Fragrances Market by Country, 2020 - 2023, Tonnes
- TABLE 28Asia Pacific Flavors & Fragrances Market by Country, 2024 - 2031, Tonnes
- TABLE 29Asia Pacific Pharmaceutical Intermediates Market by Country, 2020 - 2023, USD Million
- TABLE 30Asia Pacific Pharmaceutical Intermediates Market by Country, 2024 - 2031, USD Million
- TABLE 31Asia Pacific Pharmaceutical Intermediates Market by Country, 2020 - 2023, Tonnes
- TABLE 32Asia Pacific Pharmaceutical Intermediates Market by Country, 2024 - 2031, Tonnes
- TABLE 33Asia Pacific Others Market by Country, 2020 - 2023, USD Million
- TABLE 34Asia Pacific Others Market by Country, 2024 - 2031, USD Million
- TABLE 35Asia Pacific Others Market by Country, 2020 - 2023, Tonnes
- TABLE 36Asia Pacific Others Market by Country, 2024 - 2031, Tonnes
- TABLE 37Asia Pacific Vanillic Acid Market by Country, 2020 - 2023, USD Million
- TABLE 38Asia Pacific Vanillic Acid Market by Country, 2024 - 2031, USD Million
- TABLE 39Asia Pacific Vanillic Acid Market by Country, 2020 - 2023, Tonnes
- TABLE 40Asia Pacific Vanillic Acid Market by Country, 2024 - 2031, Tonnes
- TABLE 41China Vanillic Acid Market, 2020 - 2023, USD Million
- TABLE 42China Vanillic Acid Market, 2024 - 2031, USD Million
- TABLE 43China Vanillic Acid Market, 2020 - 2023, Tonnes
- TABLE 44China Vanillic Acid Market, 2024 - 2031, Tonnes
- TABLE 45China Vanillic Acid Market by Purity, 2020 - 2023, USD Million
- TABLE 46China Vanillic Acid Market by Purity, 2024 - 2031, USD Million
- TABLE 47China Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
- TABLE 48China Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
- TABLE 49China Vanillic Acid Market by Application, 2020 - 2023, USD Million
- TABLE 50China Vanillic Acid Market by Application, 2024 - 2031, USD Million
- TABLE 51China Vanillic Acid Market by Application, 2020 - 2023, Tonnes
- TABLE 52China Vanillic Acid Market by Application, 2024 - 2031, Tonnes
- TABLE 53Japan Vanillic Acid Market, 2020 - 2023, USD Million
- TABLE 54Japan Vanillic Acid Market, 2024 - 2031, USD Million
- TABLE 55Japan Vanillic Acid Market, 2020 - 2023, Tonnes
- TABLE 56Japan Vanillic Acid Market, 2024 - 2031, Tonnes
- TABLE 57Japan Vanillic Acid Market by Purity, 2020 - 2023, USD Million
- TABLE 58Japan Vanillic Acid Market by Purity, 2024 - 2031, USD Million
- TABLE 59Japan Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
- TABLE 60Japan Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
- TABLE 61Japan Vanillic Acid Market by Application, 2020 - 2023, USD Million
- TABLE 62Japan Vanillic Acid Market by Application, 2024 - 2031, USD Million
- TABLE 63Japan Vanillic Acid Market by Application, 2020 - 2023, Tonnes
- TABLE 64Japan Vanillic Acid Market by Application, 2024 - 2031, Tonnes
- TABLE 65India Vanillic Acid Market, 2020 - 2023, USD Million
- TABLE 66India Vanillic Acid Market, 2024 - 2031, USD Million
- TABLE 67India Vanillic Acid Market, 2020 - 2023, Tonnes
- TABLE 68India Vanillic Acid Market, 2024 - 2031, Tonnes
- TABLE 69India Vanillic Acid Market by Purity, 2020 - 2023, USD Million
- TABLE 70India Vanillic Acid Market by Purity, 2024 - 2031, USD Million
- TABLE 71India Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
- TABLE 72India Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
- TABLE 73India Vanillic Acid Market by Application, 2020 - 2023, USD Million
- TABLE 74India Vanillic Acid Market by Application, 2024 - 2031, USD Million
- TABLE 75India Vanillic Acid Market by Application, 2020 - 2023, Tonnes
- TABLE 76India Vanillic Acid Market by Application, 2024 - 2031, Tonnes
- TABLE 77South Korea Vanillic Acid Market, 2020 - 2023, USD Million
- TABLE 78South Korea Vanillic Acid Market, 2024 - 2031, USD Million
- TABLE 79South Korea Vanillic Acid Market, 2020 - 2023, Tonnes
- TABLE 80South Korea Vanillic Acid Market, 2024 - 2031, Tonnes
- TABLE 81South Korea Vanillic Acid Market by Purity, 2020 - 2023, USD Million
- TABLE 82South Korea Vanillic Acid Market by Purity, 2024 - 2031, USD Million
- TABLE 83South Korea Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
- TABLE 84South Korea Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
- TABLE 85South Korea Vanillic Acid Market by Application, 2020 - 2023, USD Million
- TABLE 86South Korea Vanillic Acid Market by Application, 2024 - 2031, USD Million
- TABLE 87South Korea Vanillic Acid Market by Application, 2020 - 2023, Tonnes
- TABLE 88South Korea Vanillic Acid Market by Application, 2024 - 2031, Tonnes
- TABLE 89Singapore Vanillic Acid Market, 2020 - 2023, USD Million
- TABLE 90Singapore Vanillic Acid Market, 2024 - 2031, USD Million
- TABLE 91Singapore Vanillic Acid Market, 2020 - 2023, Tonnes
- TABLE 92Singapore Vanillic Acid Market, 2024 - 2031, Tonnes
- TABLE 93Singapore Vanillic Acid Market by Purity, 2020 - 2023, USD Million
- TABLE 94Singapore Vanillic Acid Market by Purity, 2024 - 2031, USD Million
- TABLE 95Singapore Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
- TABLE 96Singapore Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
- TABLE 97Singapore Vanillic Acid Market by Application, 2020 - 2023, USD Million
- TABLE 98Singapore Vanillic Acid Market by Application, 2024 - 2031, USD Million
- TABLE 99Singapore Vanillic Acid Market by Application, 2020 - 2023, Tonnes
- TABLE 100Singapore Vanillic Acid Market by Application, 2024 - 2031, Tonnes
- TABLE 101Malaysia Vanillic Acid Market, 2020 - 2023, USD Million
- TABLE 102Malaysia Vanillic Acid Market, 2024 - 2031, USD Million
- TABLE 103Malaysia Vanillic Acid Market, 2020 - 2023, Tonnes
- TABLE 104Malaysia Vanillic Acid Market, 2024 - 2031, Tonnes
- TABLE 105Malaysia Vanillic Acid Market by Purity, 2020 - 2023, USD Million
- TABLE 106Malaysia Vanillic Acid Market by Purity, 2024 - 2031, USD Million
- TABLE 107Malaysia Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
- TABLE 108Malaysia Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
- TABLE 109Malaysia Vanillic Acid Market by Application, 2020 - 2023, USD Million
- TABLE 110Malaysia Vanillic Acid Market by Application, 2024 - 2031, USD Million
- TABLE 111Malaysia Vanillic Acid Market by Application, 2020 - 2023, Tonnes
- TABLE 112Malaysia Vanillic Acid Market by Application, 2024 - 2031, Tonnes
- TABLE 113Rest of Asia Pacific Vanillic Acid Market, 2020 - 2023, USD Million
- TABLE 114Rest of Asia Pacific Vanillic Acid Market, 2024 - 2031, USD Million
- TABLE 115Rest of Asia Pacific Vanillic Acid Market, 2020 - 2023, Tonnes
- TABLE 116Rest of Asia Pacific Vanillic Acid Market, 2024 - 2031, Tonnes
- TABLE 117Rest of Asia Pacific Vanillic Acid Market by Purity, 2020 - 2023, USD Million
- TABLE 118Rest of Asia Pacific Vanillic Acid Market by Purity, 2024 - 2031, USD Million
- TABLE 119Rest of Asia Pacific Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
- TABLE 120Rest of Asia Pacific Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
- TABLE 121Rest of Asia Pacific Vanillic Acid Market by Application, 2020 - 2023, USD Million
- TABLE 122Rest of Asia Pacific Vanillic Acid Market by Application, 2024 - 2031, USD Million
- TABLE 123Rest of Asia Pacific Vanillic Acid Market by Application, 2020 - 2023, Tonnes
- TABLE 124Rest of Asia Pacific Vanillic Acid Market by Application, 2024 - 2031, Tonnes
- TABLE 125Key Information - Solvay SA
- TABLE 126Key Information - Lanxess AG
- TABLE 127Key Information - Parchem Fine and Specialty Chemicals, Inc.
- TABLE 128Key Information - Biosynth AG
- TABLE 129Key Information - Cayman Chmeical Company, Inc.
- TABLE 130Key Information - Merck Millipore
- TABLE 131Key Information - Tokyo Chemical Industry Co., Ltd.
- TABLE 132Key Information - Otto Chemie Pvt. Ltd.
- TABLE 133Key Information - Santa Cruz Biotechnology, Inc.
- TABLE 134Key Information - spectrum chemical mfg.corp
