Vanilla Extract Industry Analysis in East Asia
Study on Vanilla Extract in East Asia by Infusion, Oleoresin, and Absolute for Food, Beverages, Personal Care Products, Pharmaceuticals, and Nutraceutical from 2024 to 2034
Analysis of Vanilla Extract Industry Covering Countries Include Analysis of China, Japan, and South Korea
Vanilla Extract Sales Outlook for East Asia (2024 to 2034)
Sales of vanilla extract in East Asia are estimated at US$ 324.3 million for 2024. The East Asia market is projected to expand at a CAGR of 4.4% and reach a value of US$ 500 million by the end of 2034.
Increasing interest in high-quality and natural ingredients in food products is set to drive up consumption of vanilla extract in East Asia. An increase in the population of middle-class people, along with changing consumer preferences, is projected to propel demand for premium vanilla products, including vanilla oleoresin.
The thriving food & beverage sector in Japan, China, and South Korea is driving increased demand for vanilla extract. It is extensively used in several food products, including confectionery, dairy products, bakery items, and beverages, thus contributing to market expansion. Consumer preferences for organic, healthier, and natural ingredients are projected to stimulate demand for natural vanilla extract compared to artificial flavorings among health-conscious consumers.
Economic growth along with rising disposable income in countries in East Asia is expected to lead to increased spending capacity on premium food products, including the ones containing natural ingredients such as vanilla extract. Companies are investing more in new product developments and marketing strategies to increase awareness and stimulate consumer interest.
| Report Attributes | Details |
|---|---|
| Vanilla Extract Sales in East Asia (2024E) | US$ 324.3 Million |
| Projected Sales (2034F) | US$ 500 Million |
| Demand Growth (2024 to 2034) | 4.4% CAGR |
| Sales in South Korea (2024E) | US$ 37.3 Million |
| Demand Growth in China (2024 to 2034) | 3.7% CAGR |
| Demand Growth in Japan (2024 to 2034) | 5.2% CAGR |
| Market Share of Conventional Vanilla Extract (2034F) | >61% |
| Key Companies Profiled |
|
Don't Need a Global Report?
save 40%! on Country & Region specific reports
What’s Driving Consumption of Vanilla Extract in East Asia?
“Increasing Interest in High-quality and Natural Food Ingredients”
There has been a noteworthy shift to consume healthier food products in East Asia. More consumers are becoming aware of the consumption of minimally processed and natural ingredients. Vanilla extract, as a natural ingredient, is becoming more popular than synthetic alternatives. More consumers are ready to invest more in natural and high-quality ingredients in the region.
Economic growth in East Asia is forecast to result in increased purchasing power of consumers, which is driving sales of premium food products, such as premium vanilla extract. Further, aspirational values of artisanal and gourmet food products, such as vanilla extract are forecasted to increase their demand in the region.
Consumers who are looking for complex and rich flavor profiles are driving demand for vanilla extract to enhance the quality and taste of their culinary creations. This change in taste preferences is projected to stimulate the consumption of vanilla extract in several foods and beverages.
The perception of vanilla extract as one of the premium ingredients will lead to its increased use in several food products. Its use in gourmet chocolates, high-end baked goods, luxury desserts, and specialty beverages is projected to reinforce its status as one of the premium and natural flavorings, subsequently stimulating consumer interest.
Country-wise Insights
What is the Scenario for Vanilla Extract in China?
“Traction for International Cuisines Increasing Demand for Vanilla Extract”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 178.1 Million |
| Growth Rate (2024 to 2034) | 3.7% CAGR |
| Projected Value (2034F) | US$ 257 Million |
China has been witnessing an increase in the demand for vanilla extract. The majority of people in the country are embracing Western-style baking and international cuisines. The requirements for natural flavors, including vanilla extract, are increasing owing to evolving consumer preferences for more natural and healthier ingredients in food & beverages in the country.
What are the Demand Drivers for Vanilla Extract in Japan?
“Changing Culinary Trends and Traction for Natural Ingredients”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 108.8 Million |
| Growth Rate (2024 to 2034) | 5.2% CAGR |
| Projected Value (2034F) | US$ 181 Million |
Japan is embracing global culinary influences, which is expected to lead to increased adoption of different confectionery, dessert-making, and baking practices. These trends are estimated to propel the demand for vanilla extract as one of the most popular flavoring agents. In addition, a growing preference for natural and high-quality ingredients is forecast to increase the adoption of vanilla extract due to its natural origin.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Category-wise Insights
Which Form of Vanilla Extract Has High Prominence among End Users?
“Conventional Vanilla Extract accounts for Bulk of Consumption”
| Attribute | Conventional Form |
|---|---|
| Segment Value (2024E) | US$ 159.53 Million |
| Growth Rate (2024 to 2034) | 6.8% CAGR |
| Projected Value (2034F) | US$ 308 Million |
The conventional form of vanilla extract adds a pleasant and distinctive flavor profile to various food products. Its aromatic, sweet, and rich taste is versatile, therefore complementing savory and sweet dishes. Further, increasing consumption of authentic and clean-label ingredients is predicted to contribute to market revenue streams. The versatility of the conventional form of vanilla extract helps in the adoption of numerous culinary applications. It is consumed as one of the staples in desserts, chocolates, beverages, ice creams, and baking.
Why is Vanilla Extract Being Used More in the Food Sector Off Late?
“Adoption of Vanilla Extract Due to its Versatility and Flavor Enhancement Capabilities”
| Attribute | Food Sector |
|---|---|
| Segment Value (2024E) | US$ 67.38 Million |
| Growth Rate (2024 to 2034) | 1.3% CAGR |
| Projected Value (2034F) | US$ 77 Million |
An increase in the demand for vanilla extract is experienced more from the food sector, as per the study published by Fact.MR, a market research and competitive intelligence provider. A growing preference by some confectionary vendors to use vanilla extract in cupcakes, cookies, and cakes owing to versatility and flavor enhancement features is predicted to contribute to the revenue stream. In addition, powdered as well as liquid forms of vanilla extract are becoming equally popular in some sports nutrition products.
Competition Landscape
Prominent manufacturers of vanilla extract are increasing their expenditure for quality control, new product development, ensuring the management of their supply chain, etc. Some of these manufacturers in East Asia include Givaudan, Symrise AG, Firmenich, and Takassago.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Vanilla Extract Study in East Asia
-
By Concentration :
- Infusion
- Oleoresin
- Absolute
-
By Nature :
- Organic
- Conventional
-
By Foam :
- Whole or Ground
- Liquid
- Powder
- Paste
-
By Application :
- Food
- Beverages
- Personal Care Products
- Pharmaceuticals
- Nutraceuticals
-
By Technology :
- Single-fold
- Double-fold
- Three-fold
-
By Country :
- China
- Japan
- South Korea
- FAQs -
What size is the market for vanilla extract expected to reach in East Asia in 2024?
Sales of vanilla extract in East Asia is estimated at US$ 324.3 million in 2024.
What valuation is the East Asia market expected to reach by the end of 2034?
The market in East Asia is projected to reach US$ 500 million by the end of 2034.
What is the projected CAGR for the sales of vanilla extract from 2024 to 2034?
Sales of vanilla extract in East Asia are forecasted to rise at 4.4% CAGR from 2024 to 2034.
What is the sales value of vanilla extract in South Korea for 2024?
The market in South Korea is projected to reach a valuation of US$ 37.3 million in 2024.
How much share of the market is projected to be accounted for by the conventional form of vanilla extract?
The conventional form of vanilla extract is projected to account for more than 61% market share by 2034.
At what rate is the demand for vanilla extract forecasted to increase in China?
The market in China is forecasted to expand at a CAGR of 3.7% from 2024 to 2034.
What is the projected growth rate of the market in Japan?
Sales of vanilla extract in Japan are forecasted to increase at a 5.2% CAGR from 2024 to 2034.
Vanilla Extract Industry Analysis in East Asia