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Stock impact report

Global Vanilla Bean Market Report 2024: A US$1.79 Billion Market by 2029 - Growing Demand in the Food and Pharmaceutical Industry Propels Vanilla Bean Market Growth [Yahoo! Finance]

Archer-Daniels-Midland Company (ADM) 
Last archer-daniels-midland company earnings: 4/29 04:05 pm Check Earnings Report
US:NYSE Investor Relations: adm.com/contact-us/investor-relations
Company Research Source: Yahoo! Finance
The vanilla bean market is projected to grow at a CAGR of 7.26% over the forecast period, increasing from US$1.09 billion in 2022 to US$1.79 billion by 2029. Vanilla beans are utilized extensively in the food and beverage, cosmetics, and pharmaceutical sectors due to their antioxidants and anti-carcinogenic properties. North America has experienced an increase in demand for vanilla-flavoured food, ice creams, cosmetics, and medications, driving the vanilla bean market. The demand for flavoured foods and beverages has been rising along with the population, which will ultimately fuel market expansion. In the vanilla bean industry, the pharmaceutical industry emerges as a major player. Vanilla is becoming more and more well-known in the pharmaceutical industry. This is mainly because vanilla is showcasing its powerful anti-cancer and antioxidant properties. The pharmaceutical industry is now paying more attention to vanilla as a result of this discovery. The market for vanilla beans w Show less Read more
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