Global Vanilla Extract Market Size & Outlook, 2023-2030
The vanilla extract industry worldwide is expected to reach a projected revenue of US$ 7,725.6 million by 2030. A compound annual growth rate of 4.9% is expected of the worldwide vanilla extract industry from 2024 to 2030.
Revenue, 2023 (US$M)
$5,534.1
Forecast, 2030 (US$M)
$7,725.6
CAGR, 2024 - 2030
4.9%
Report Coverage
Worldwide
Global vanilla extract market, 2018-2030 (US$M)
Global vanilla extract market highlights
- The global vanilla extract market generated a revenue of USD 5,534.1 million in 2023 and is expected to reach USD 7,725.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.9% by 2030.
- In terms of segment, food and beverage accounted for a revenue of USD 5,534.1 million in 2023.
- Food and Beverage is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 5,534.1 million |
| Market revenue in 2030 | USD 7,725.6 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Food and beverage |
| Fastest growing segment | Food and Beverage |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food and Beverage |
Other key industry trends
- In terms of revenue, the North America accounted for 29.1% of the global vanilla extract market in 2023.
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Vanilla Extract Market Scope
Vanilla extract market segmentation & scope
Nature
Organic
Synthetric
Form
Liquid
Powder
Countries
U.S.
Canada
Mexico
UK
Spain
Italy
Germany
France
Brazil
Australia
China
India
Japan
South Korea
South Africa
Vanilla Extract Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global vanilla extract market size, by regions, 2018-2030 (US$M)
Related regional statistics
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