Grow and export vanilla from the Solomon Islands.
According to the latest market research the global demand for vanilla will reach over USD 735 million by 2026,
The climate in the Solomon Islands is ideal for vanilla crops and it suits local farming systems.
Vanilla is said to be easy to grow and sells for a high price. The important thing being the technique to get good pollination and good curing of the vanilla.
Vanilla is not new to the Solomon Islands. In 1965 it was imported from Hawaii and planted out mainly for experimental purposes. A few years ago vanilla was selling for USD20/kg but is understood the selling price is much improved today.
Solomon Islands can easily compete on the international market by selling to people who want high quality, organic vanilla.
Vanilla is one of the most widely used flavoring agents in the food industry. Vanilla extract is prepared by a process of maceration and percolation of vanilla pods in a solution of water and ethanol. The extract finds its application in various bakery products like cakes, ice-creams, brownies, cupcakes, puddings, and yogurt, worldwide. The global vanilla market is expected to grow notably in the years ahead, owing to the growing demand for frozen desserts and bakery products. This is majorly due to the increasing disposable income of people and rising demand for processed foods. Another factor stimulating market growth is the vanilla beans application in the medical sector.