Biotech Flavors - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Biotech Flavors Market is expected to grow at a CAGR of 9.0% during the forecast period. Rising consumer awareness about its nutritional benefits and increase in per capita income are the major factors driving the market growth. However, its low shelf life is restraining the market growth.
The production of flavour now a day’s uses different methods such as chemical engineering, where as in ancient times it was done by extracting of different parts of plants. Flavours are extensively used in various food, feed, cosmetic, chemical and pharmaceutical industries and are usually obtained from different plant and animal origins. Modern biotechnology is helpful in enhancing taste, yield, shell life, as well as nutritive values of food and beverages products. Bacterial strains isolated from different sources are widely used to extract flavour.
Based on form, the liquid segment is likely to have a huge demand due to its high adoption in bakery sector for making muffins, cakes, pastries etc. and in the production of beverages such as fruits and vegetable juices and energy drinks. By geography, North America is going to have a lucrative growth during the forecast period due to increasing demand by the food and beverage industry, presence of major market players and growing awareness & popularity of the product benefits.
Some of the key players profiled in the Biotech Flavors Market include Givaudan, Sensient Technologies Corporation, Bell Flavors and Fragrances, Symrise AG, International Flavors & Fragrances, Takasago International Corporation, Frutarom Industries, Naturex, Firmenich and Kerry Group.
• Direct Sales
• Essential Oils
• Microbial Products
• Vanilla and Vanillin
• Other Products
• Bakery & Confectionery
• Food & Beverage
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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