According to Cognitive Market Research, the global synthetic vanillin market size is USD 495.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 198.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 148.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 113.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 24.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 9.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The food & beverages held the highest synthetic vanillin market revenue share in 2024.
