Vanilla Market Outlook 2031: Rising Demand for Natural and Organic Flavors Fuels Steady Growth
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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