Ethyl Vanillin Market Size, Share, and Analysis

Ethyl Vanillin Market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 1.5 billion and is projected to reach USD 3.1 billion by the completion of 2034. Ethyl vanillin is a synthetic compound widely used to enhance the flavor and aroma of foods, beverages, and cosmetics. It is derived from guaiacol, a naturally occurring compound found in wood creosote. Ethyl vanillin is often preferred in the food industry because it is more stable and cost-effective than natural vanilla.