From Clean Labels to Premium Bakery Goods: The Growth Story of the Global Vanilla Market
The global vanilla market is witnessing steady expansion, driven by evolving consumer preferences toward natural flavors, organic food products, and premium bakery offerings. Valued at US$ 962.3 million in 2022, the industry is projected to grow at a CAGR of 5.1% from 2023 to 2031, reaching an estimated US$ 1.5 billion by the end of 2031. Vanilla’s unique flavor profile, pleasant aroma,...
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