| Product Code: ETC086443 | Publication Date: Aug 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India`s vanillin import shipments in 2024 were predominantly sourced from top exporters such as China, USA, Germany, Italy, and Norway (excluding Svalbard and Jan Mayen). The market continued to exhibit a high concentration with a high Herfindahl-Hirschman Index (HHI) in 2024. However, the compound annual growth rate (CAGR) from 2020 to 2024 experienced a decline of -8.87%, with a sharp decrease in the growth rate from 2023 to 2024 at -33.06%. This data indicates a challenging market environment for vanillin imports in India.

The India vanillin market is expected to grow at a CAGR of 6.7% during the forecast period. This growth can be attributed to the increasing demand for natural food ingredients including vanillin, rising disposable income and changing lifestyles along with strong population growth in the country. Additionally, growing demand from end user industries such as food & beverage, cosmetics and pharmaceuticals is also driving the market forward.
Demand from food & beverages industry, Growing awareness about health benefits associated with using natural flavours & fragrances products and Increasing applications of synthetic vanillin in cosmetics are some of the key factors expected to drive the India Vanillin Market.
High cost associated with raw materials required for production coupled with stringent government regulations regarding safety standards may act as a major restraint on growth of this market during forecast period.
Key players present within this market include Prakash Chemicals International Limited, Elementis Specialties India Private Ltd., Synthite Industries Limited and DAEJUNG CHEMICALS INDIA PVT LTD amongst others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Vanillin Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Vanillin Market Revenues & Volume, 2021 & 2031F |
3.3 India Vanillin Market - Industry Life Cycle |
3.4 India Vanillin Market - Porter's Five Forces |
3.5 India Vanillin Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Vanillin Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Vanillin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural and organic ingredients in the food and beverage industry |
4.2.2 Growth in the pharmaceutical sector leading to higher usage of vanillin as a flavoring agent |
4.2.3 Rising disposable income and changing consumer preferences towards premium quality products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as vanilla beans impacting production costs |
4.3.2 Stringent regulations on food additives and flavorings affecting market penetration |
4.3.3 Competition from synthetic vanillin substitutes in the market |
5 India Vanillin Market Trends |
6 India Vanillin Market, By Types |
6.1 India Vanillin Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Vanillin Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Vanillin Market Revenues & Volume, By Natural, 2021-2031F |
6.1.4 India Vanillin Market Revenues & Volume, By Synthetic, 2021-2031F |
6.2 India Vanillin Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Vanillin Market Revenues & Volume, By Food, 2021-2031F |
6.2.3 India Vanillin Market Revenues & Volume, By Beverage, 2021-2031F |
6.2.4 India Vanillin Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.5 India Vanillin Market Revenues & Volume, By Others, 2021-2031F |
7 India Vanillin Market Import-Export Trade Statistics |
7.1 India Vanillin Market Export to Major Countries |
7.2 India Vanillin Market Imports from Major Countries |
8 India Vanillin Market Key Performance Indicators |
8.1 Consumer sentiment towards natural ingredients in food products |
8.2 Number of new product launches incorporating vanillin in the Indian market |
8.3 Adoption rate of vanillin in non-food applications such as pharmaceuticals and cosmetics |
9 India Vanillin Market - Opportunity Assessment |
9.1 India Vanillin Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Vanillin Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Vanillin Market - Competitive Landscape |
10.1 India Vanillin Market Revenue Share, By Companies, 2024 |
10.2 India Vanillin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |