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.
Free Valuable Insights: The Global Vanillic Acid Market is Predict to reach USD 23.3 Billion by 2031, at a CAGR of 2.1%
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 1 Asia Pacific Vanillic Acid Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Vanillic Acid Market, 2024 - 2031, USD Million
TABLE 3 Asia Pacific Vanillic Acid Market, 2020 - 2023, Tonnes
TABLE 4 Asia Pacific Vanillic Acid Market, 2024 - 2031, Tonnes
TABLE 5 Asia Pacific Vanillic Acid Market by Purity, 2020 - 2023, USD Million
TABLE 6 Asia Pacific Vanillic Acid Market by Purity, 2024 - 2031, USD Million
TABLE 7 Asia Pacific Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
TABLE 8 Asia Pacific Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
TABLE 9 Asia Pacific Purity 98% Market by Country, 2020 - 2023, USD Million
TABLE 10 Asia Pacific Purity 98% Market by Country, 2024 - 2031, USD Million
TABLE 11 Asia Pacific Purity 98% Market by Country, 2020 - 2023, Tonnes
TABLE 12 Asia Pacific Purity 98% Market by Country, 2024 - 2031, Tonnes
TABLE 13 Asia Pacific Purity 99% Market by Country, 2020 - 2023, USD Million
TABLE 14 Asia Pacific Purity 99% Market by Country, 2024 - 2031, USD Million
TABLE 15 Asia Pacific Purity 99% Market by Country, 2020 - 2023, Tonnes
TABLE 16 Asia Pacific Purity 99% Market by Country, 2024 - 2031, Tonnes
TABLE 17 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
TABLE 18 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
TABLE 19 Asia Pacific Others Market by Country, 2020 - 2023, Tonnes
TABLE 20 Asia Pacific Others Market by Country, 2024 - 2031, Tonnes
TABLE 21 Asia Pacific Vanillic Acid Market by Application, 2020 - 2023, USD Million
TABLE 22 Asia Pacific Vanillic Acid Market by Application, 2024 - 2031, USD Million
TABLE 23 Asia Pacific Vanillic Acid Market by Application, 2020 - 2023, Tonnes
TABLE 24 Asia Pacific Vanillic Acid Market by Application, 2024 - 2031, Tonnes
TABLE 25 Asia Pacific Flavors & Fragrances Market by Country, 2020 - 2023, USD Million
TABLE 26 Asia Pacific Flavors & Fragrances Market by Country, 2024 - 2031, USD Million
TABLE 27 Asia Pacific Flavors & Fragrances Market by Country, 2020 - 2023, Tonnes
TABLE 28 Asia Pacific Flavors & Fragrances Market by Country, 2024 - 2031, Tonnes
TABLE 29 Asia Pacific Pharmaceutical Intermediates Market by Country, 2020 - 2023, USD Million
TABLE 30 Asia Pacific Pharmaceutical Intermediates Market by Country, 2024 - 2031, USD Million
TABLE 31 Asia Pacific Pharmaceutical Intermediates Market by Country, 2020 - 2023, Tonnes
TABLE 32 Asia Pacific Pharmaceutical Intermediates Market by Country, 2024 - 2031, Tonnes
TABLE 33 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
TABLE 34 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
TABLE 35 Asia Pacific Others Market by Country, 2020 - 2023, Tonnes
TABLE 36 Asia Pacific Others Market by Country, 2024 - 2031, Tonnes
TABLE 37 Asia Pacific Vanillic Acid Market by Country, 2020 - 2023, USD Million
TABLE 38 Asia Pacific Vanillic Acid Market by Country, 2024 - 2031, USD Million
TABLE 39 Asia Pacific Vanillic Acid Market by Country, 2020 - 2023, Tonnes
TABLE 40 Asia Pacific Vanillic Acid Market by Country, 2024 - 2031, Tonnes
TABLE 41 China Vanillic Acid Market, 2020 - 2023, USD Million
TABLE 42 China Vanillic Acid Market, 2024 - 2031, USD Million
TABLE 43 China Vanillic Acid Market, 2020 - 2023, Tonnes
TABLE 44 China Vanillic Acid Market, 2024 - 2031, Tonnes
TABLE 45 China Vanillic Acid Market by Purity, 2020 - 2023, USD Million
TABLE 46 China Vanillic Acid Market by Purity, 2024 - 2031, USD Million
TABLE 47 China Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
TABLE 48 China Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
TABLE 49 China Vanillic Acid Market by Application, 2020 - 2023, USD Million
TABLE 50 China Vanillic Acid Market by Application, 2024 - 2031, USD Million
TABLE 51 China Vanillic Acid Market by Application, 2020 - 2023, Tonnes
TABLE 52 China Vanillic Acid Market by Application, 2024 - 2031, Tonnes
TABLE 53 Japan Vanillic Acid Market, 2020 - 2023, USD Million
TABLE 54 Japan Vanillic Acid Market, 2024 - 2031, USD Million
TABLE 55 Japan Vanillic Acid Market, 2020 - 2023, Tonnes
TABLE 56 Japan Vanillic Acid Market, 2024 - 2031, Tonnes
TABLE 57 Japan Vanillic Acid Market by Purity, 2020 - 2023, USD Million
TABLE 58 Japan Vanillic Acid Market by Purity, 2024 - 2031, USD Million
TABLE 59 Japan Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
TABLE 60 Japan Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
TABLE 61 Japan Vanillic Acid Market by Application, 2020 - 2023, USD Million
TABLE 62 Japan Vanillic Acid Market by Application, 2024 - 2031, USD Million
TABLE 63 Japan Vanillic Acid Market by Application, 2020 - 2023, Tonnes
TABLE 64 Japan Vanillic Acid Market by Application, 2024 - 2031, Tonnes
TABLE 65 India Vanillic Acid Market, 2020 - 2023, USD Million
TABLE 66 India Vanillic Acid Market, 2024 - 2031, USD Million
TABLE 67 India Vanillic Acid Market, 2020 - 2023, Tonnes
TABLE 68 India Vanillic Acid Market, 2024 - 2031, Tonnes
TABLE 69 India Vanillic Acid Market by Purity, 2020 - 2023, USD Million
TABLE 70 India Vanillic Acid Market by Purity, 2024 - 2031, USD Million
TABLE 71 India Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
TABLE 72 India Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
TABLE 73 India Vanillic Acid Market by Application, 2020 - 2023, USD Million
TABLE 74 India Vanillic Acid Market by Application, 2024 - 2031, USD Million
TABLE 75 India Vanillic Acid Market by Application, 2020 - 2023, Tonnes
TABLE 76 India Vanillic Acid Market by Application, 2024 - 2031, Tonnes
TABLE 77 South Korea Vanillic Acid Market, 2020 - 2023, USD Million
TABLE 78 South Korea Vanillic Acid Market, 2024 - 2031, USD Million
TABLE 79 South Korea Vanillic Acid Market, 2020 - 2023, Tonnes
TABLE 80 South Korea Vanillic Acid Market, 2024 - 2031, Tonnes
TABLE 81 South Korea Vanillic Acid Market by Purity, 2020 - 2023, USD Million
TABLE 82 South Korea Vanillic Acid Market by Purity, 2024 - 2031, USD Million
TABLE 83 South Korea Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
TABLE 84 South Korea Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
TABLE 85 South Korea Vanillic Acid Market by Application, 2020 - 2023, USD Million
TABLE 86 South Korea Vanillic Acid Market by Application, 2024 - 2031, USD Million
TABLE 87 South Korea Vanillic Acid Market by Application, 2020 - 2023, Tonnes
TABLE 88 South Korea Vanillic Acid Market by Application, 2024 - 2031, Tonnes
TABLE 89 Singapore Vanillic Acid Market, 2020 - 2023, USD Million
TABLE 90 Singapore Vanillic Acid Market, 2024 - 2031, USD Million
TABLE 91 Singapore Vanillic Acid Market, 2020 - 2023, Tonnes
TABLE 92 Singapore Vanillic Acid Market, 2024 - 2031, Tonnes
TABLE 93 Singapore Vanillic Acid Market by Purity, 2020 - 2023, USD Million
TABLE 94 Singapore Vanillic Acid Market by Purity, 2024 - 2031, USD Million
TABLE 95 Singapore Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
TABLE 96 Singapore Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
TABLE 97 Singapore Vanillic Acid Market by Application, 2020 - 2023, USD Million
TABLE 98 Singapore Vanillic Acid Market by Application, 2024 - 2031, USD Million
TABLE 99 Singapore Vanillic Acid Market by Application, 2020 - 2023, Tonnes
TABLE 100 Singapore Vanillic Acid Market by Application, 2024 - 2031, Tonnes
TABLE 101 Malaysia Vanillic Acid Market, 2020 - 2023, USD Million
TABLE 102 Malaysia Vanillic Acid Market, 2024 - 2031, USD Million
TABLE 103 Malaysia Vanillic Acid Market, 2020 - 2023, Tonnes
TABLE 104 Malaysia Vanillic Acid Market, 2024 - 2031, Tonnes
TABLE 105 Malaysia Vanillic Acid Market by Purity, 2020 - 2023, USD Million
TABLE 106 Malaysia Vanillic Acid Market by Purity, 2024 - 2031, USD Million
TABLE 107 Malaysia Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
TABLE 108 Malaysia Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
TABLE 109 Malaysia Vanillic Acid Market by Application, 2020 - 2023, USD Million
TABLE 110 Malaysia Vanillic Acid Market by Application, 2024 - 2031, USD Million
TABLE 111 Malaysia Vanillic Acid Market by Application, 2020 - 2023, Tonnes
TABLE 112 Malaysia Vanillic Acid Market by Application, 2024 - 2031, Tonnes
TABLE 113 Rest of Asia Pacific Vanillic Acid Market, 2020 - 2023, USD Million
TABLE 114 Rest of Asia Pacific Vanillic Acid Market, 2024 - 2031, USD Million
TABLE 115 Rest of Asia Pacific Vanillic Acid Market, 2020 - 2023, Tonnes
TABLE 116 Rest of Asia Pacific Vanillic Acid Market, 2024 - 2031, Tonnes
TABLE 117 Rest of Asia Pacific Vanillic Acid Market by Purity, 2020 - 2023, USD Million
TABLE 118 Rest of Asia Pacific Vanillic Acid Market by Purity, 2024 - 2031, USD Million
TABLE 119 Rest of Asia Pacific Vanillic Acid Market by Purity, 2020 - 2023, Tonnes
TABLE 120 Rest of Asia Pacific Vanillic Acid Market by Purity, 2024 - 2031, Tonnes
TABLE 121 Rest of Asia Pacific Vanillic Acid Market by Application, 2020 - 2023, USD Million
TABLE 122 Rest of Asia Pacific Vanillic Acid Market by Application, 2024 - 2031, USD Million
TABLE 123 Rest of Asia Pacific Vanillic Acid Market by Application, 2020 - 2023, Tonnes
TABLE 124 Rest of Asia Pacific Vanillic Acid Market by Application, 2024 - 2031, Tonnes
TABLE 125 Key Information – Solvay SA
TABLE 126 Key Information – Lanxess AG
TABLE 127 Key Information – Parchem Fine and Specialty Chemicals, Inc.
TABLE 128 Key Information – Biosynth AG
TABLE 129 Key Information – Cayman Chmeical Company, Inc.
TABLE 130 Key Information – Merck Millipore
TABLE 131 Key Information – Tokyo Chemical Industry Co., Ltd.
TABLE 132 Key Information – Otto Chemie Pvt. Ltd.
TABLE 133 Key Information – Santa Cruz Biotechnology, Inc.
TABLE 134 Key Information – spectrum chemical mfg.corp
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Vanillic Acid Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Vanillic Acid Market
FIG 4 Porter’s Five Forces Analysis – Vanillic Acid Market
FIG 5 Asia Pacific Vanillic Acid Marketshare by Purity, 2023
FIG 6 Asia Pacific Vanillic Acid Marketshare by Purity, 2031
FIG 7 Asia Pacific Vanillic Acid Market by Purity, 2020 - 2031, USD Million
FIG 8 Asia Pacific Vanillic Acid Marketshare by Application, 2023
FIG 9 Asia Pacific Vanillic Acid Marketshare by Application, 2031
FIG 10 Asia Pacific Vanillic Acid Market by Application, 2020 - 2031, USD Million
FIG 11 Asia Pacific Vanillic Acid Marketshare by Country, 2023
FIG 12 Asia Pacific Vanillic Acid Marketshare by Country, 2031
FIG 13 Asia Pacific Vanillic Acid Market by Country, 2020 - 2031, USD Million
FIG 14 SWOT Analysis: Solvay SA
FIG 15 Swot Analysis: Lanxess AG
FIG 16 Swot Analysis: Parchem Fine and Specialty Chemicals, Inc.
FIG 17 Swot Analysis: Biosynth AG
FIG 18 Swot Analysis: Cayman Chemical Company, Inc.
FIG 19 Swot Analysis: Merck Millipore
FIG 20 SWOT Analysis: TOKYO CHEMICAL INDUSTRY CO., LTD.
FIG 21 Swot Analysis: Otto Chemie Pvt. Ltd.
FIG 22 Swot Analysis: Santa Cruz Biotechnology, Inc.
FIG 23 SWOT Analysis: spectrum chemical mfg.corp
