Worldwide Vanillin Industry to 2024 - Mounting Penetration in the Pharmaceutical Sector is Driving Growth
Share this article Share this article ResearchAndMarkets.com's offering. The global vanillin market is anticipated to reach US$706.15 million in 2024, growing at a CAGR of 5.12% for the period spanning 2020-2024. The growth of the market has been driven by a growing population, mounting penetration of vanillin in the pharmaceutical sector, increasing prevalence of psoriasis, accelerating sales of packaged food, expanding urbanization and rising disposable income. However, growth of the market would be challenged by high prices of vanillin, limited availability of vanilla pods and stringent g...
Source: prnewswire.com