South America Vanilla Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Form (Paste, Liquid, Powder, and Beans), Category (Organic and Conventional), and Application (Food and Beverages, Personal Care, Pharmaceuticals, and Others)
The vanilla market in South America is expected to grow from US$ 2.87 million in 2021 to US$ 4.01 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028.
Vanilla is widely used across several industries, such as food and beverage, personal care and cosmetics, pharmaceuticals, home fragrance, and animal feed. Vanilla is one of the most popular flavoring agents used in various food products and beverages, such as cakes, pastries, cookies, muffins, biscuits, ice creams, desserts, smoothies, chocolates, coffee, cocktails, and dairy products. It is also used in spice blends, dry mixes, barbecue sauces, and several other products. For many years, vanilla has been witnessing significant demand from the food and beverage industry. It is also experiencing widespread application in the foodservice sector. As this sector has partially recovered from the COVID-19 pandemic, the demand for vanilla in all forms is projected to increase across the region. Vanilla finds extensive usage in the personal care and cosmetic industry as well. With the growing awareness about its anti-inflammatory and anti-aging properties, its use in various skincare products, such as moisturizers, anti-aging lotions, sunscreens, and face masks, has increased. Due to its unique fragrance, it is used in perfumes, deodorants, and soaps. It also finds application in medicines for masking off-flavor and in ointments due to its anti-bacterial properties. The home fragrance industry is also a key end user of vanilla. Scented candle manufacturers often utilize vanilla in their products as its fragrance creates a relaxing and calming effect. Furthermore, protein powder manufacturers also use vanilla as a flavoring agent in their products. Vanilla is extensively used across multiple end-use industries and is experiencing massive demand due to its rich flavor and unique aroma. Thus, the rising demand for vanilla in various end-use industries is boosting the market substantially.
Brazil was ranked the third-most affected economy due to the COVID-19 pandemic globally. In South America, Brazil had the highest number of COVID-19 cases, followed by Argentina, Colombia, Peru, Chile, among others. The governments in South America had taken an array of actions to protect their citizens and combat the spread of the COVID-19 virus through lockdowns, trade bans, and travel restrictions, which negatively impacted the growth of the vanilla market.
With the new features and technologies, vendors attract new customers and expand their footprints in emerging markets, thereby driving the South America vanilla market. The South America vanilla market is expected to grow at a significant CAGR during the forecast period.
South America Vanilla Market Revenue and Forecast to 2028 (US$ Million)
South America Vanilla Market Segmentation
South America Vanilla Market – By Form
- Paste
- Liquid
- Powder
- Beans
South America Vanilla Market – By Category
- Organic
- Conventional
South America Vanilla Market – By Application
- Food & Beverages
- Personal Care
- Pharmaceuticals
- Others
South America Vanilla Market – By Country
- Brazil
- Argentina
- Rest of SAM
South America Vanilla Market – Companies Mentioned
- Camlin Fine Sciences Ltd.
- Givaudan S.A.
- Nielsen-Massey Vanillas, Inc.
- Symrise
- Kerry Group
- Touton S.A.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
3.2.8 Limitations & Assumptions
4. South America Vanilla Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.3.1 Cultivators and Growers
4.3.2 Manufacturing/Processing
4.3.3 Application/End Use Industries
4.4 Expert Opinion
5. South America Vanilla Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Upraising Vanilla Usage in Various End-use Industries
5.1.2 Fostering Demand for Natural Food Additives/Flavorings
5.2 Market Restraints
5.2.1 Fluctuating Prices and Supply Shortage
5.3 Market Opportunities
5.3.1 Strengthening Demand for Organic Vanilla
5.4 Future Trends
5.4.1 Raising Popularity of Clean-label and Plant-based Products
5.5 Impact Analysis of Drivers and Restraints
6. South America Vanilla Market – Market Analysis
6.1 Vanilla Market Overview
6.2 South America Vanilla Market –Revenue and Forecast to 2028 (US$ Million)
7. South America Vanilla Market Analysis – By Form
7.1 Overview
7.2 South America Vanilla Market, By Form (2020 and 2028)
7.3 Paste
7.3.1 Overview
7.3.2 Paste: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Liquid
7.4.1 Overview
7.4.2 Liquid: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Powder
7.5.1 Overview
7.5.2 Powder: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Beans
7.6.1 Overview
7.6.2 Beans: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
8. South America Vanilla Market Analysis – By Category
8.1 Overview
8.2 South America Vanilla Market, By Category (2020 and 2028)
8.3 Organic
8.3.1 Overview
8.3.2 Organic: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
9. South America Vanilla Market Analysis – By Application
9.1 Overview
9.2 South America Vanilla Market, By Application (2020 and 2028)
9.3 Food and Beverages
9.3.1 Overview
9.3.2 Food and Beverages: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Personal Care
9.4.1 Overview
9.4.2 Personal Care: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Pharmaceuticals
9.5.1 Overview
9.5.2 Pharmaceuticals: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
10. South America Vanilla Market – Country Analysis
10.1 Overview
10.1.1 South America Vanilla Market, by Key Country
10.1.1.1 Brazil: Vanilla Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Vanilla Market, by Form
10.1.1.1.2 Brazil Vanilla Market, by Category
10.1.1.1.3 Brazil: Vanilla Market, by Application
10.1.1.2 Argentina: Vanilla Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Vanilla Market, by Form
10.1.1.2.2 Argentina: Vanilla Market, by Category
10.1.1.2.3 Argentina: Vanilla Market, by Application
10.1.1.3 Rest of SAM: Vanilla Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of SAM: Vanilla Market, by Form
10.1.1.3.2 Rest of SAM: Vanilla Market, by Category
10.1.1.3.3 Rest of SAM: Vanilla Market, by Application
11. South America Vanilla Market – Impact of Coronavirus Outbreak
11.1 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 New Product Development
12.3 Merger and Acquisition
13. Company Profiles
13.1 Camlin Fine Sciences Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Givaudan S.A.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Nielsen-Massey Vanillas, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Symrise
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Kerry Group
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Touton S.A.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. South America Vanilla Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Vanilla Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Vanilla Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Vanilla Market, by Application– Revenue and Forecast to 2028 (US$
Table 5. Argentina Vanilla Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Vanilla Market, by Category- Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Vanilla Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM Vanilla Market, by Form – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of SAM Vanilla Market, by Category– Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of SAM Vanilla Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Vanilla Market Segmentation
Figure 2. South America Vanilla Market Segmentation – By Country
Figure 3. South America Vanilla Market Overview
Figure 4. South America Vanilla Market, By Form
Figure 5. South America Vanilla Market, By Country
Figure 6. South America Vanilla Market, Industry Landscape
Figure 7. Porter ‘s Five Forces Analysis for South America Vanilla Market
Figure 8. Ecosystem: South America Vanilla Market
Figure 9. Expert Opinion
Figure 10. South America Vanilla Market Impact Analysis of Drivers and Restraints
Figure 11. South America Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. South America Vanilla Market Revenue Share, By Form (2020 and 2028)
Figure 13. Paste: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Liquid: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Powder: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Beans: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. South America Vanilla Market Revenue Share, By Category (2020 and 2028)
Figure 18. Organic: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Conventional: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. South America Vanilla Market Revenue Share, By Application (2020 and 2028)
Figure 21. Food and Beverages: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Personal Care: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Pharmaceuticals: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Vanilla Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. South America: Vanilla Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. Brazil: Vanilla Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Argentina: Vanilla Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of SAM: Vanilla Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in South and Central America
- Camlin Fine Sciences Ltd.
- Givaudan S.A.
- Nielsen-Massey Vanillas, Inc.
- Symrise
- Kerry Group
- Touton S.A.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America vanilla market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America vanilla market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the vanilla market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution