Global Biotech Flavour Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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"Global Biotech Flavour Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global biotech flavour market report has been segmented on basis of form, application, and region.
Global Biotech Flavour Market: Overview
Flavour in the ancient times were produced by extracting of different parts of plants. Now a day, there are many of different methods that are used for producing flavours example produced flavour using chemical engineering. Flavours are extensively used in various food, feed, cosmetic, chemical and pharmaceutical industries globally. Most flavour chemicals are generally 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 Ferula galbanum plant, galbanum gum, surrounding terpene soaked soils, etc. sources are widely used to extract flavour. Flavouring products have application in food, perfumery, and pharmaceutical industries worldwide.
Global Biotech Flavour Market: Dynamics
Rising consumer awareness about the nutritional benefits of biotech flavours is a major factor expected to drive growth revenue in the global market over the next 10 years. Rising per capita income, growing demand for diversified nutritional need, growing food and beverages sector, higher adoption and usage of biotech flavour in pharmaceutical and cosmetic industries globally, are among some of the other factors expected to boost the demand for these flavour. However, low shelf life of the biotech flavours as compared to traditional flavours is a major factor that could restraint the growth in term of revenue in the target market.
Global Biotech Flavour Market: Segment Analysis
Among the form segments, the liquid segment is expected to hold and register a higher growth in terms of revenue in the global market. This is due to, higher adoption of liquid biotech flavour in bakery sector for making muffins, cakes, pastries, and other products. Among the application segments, the nutraceutical is expected to register a major market share, owing to increasing demand for new flavour high nutritional content product especially in developing countries.
Global Biotech Flavour Market: Trends and Opportunities
Various research and development activities are carried out in order to develop alternatives flavour with low sugar content that can be consumed by patients suffering from chronic diseases such as diabetes, obesity, etc. In addition, major key players are focusing on mergers & acquisitions, joint ventures, and expansion of plants and facilities to provide biotech chemicals for various applications, and in order to strengthen market presence and create revenue growth opportunities.
Global Biotech Flavour Market: Region Analysis
The market in North America is projected to register for highest revenue share in the global market, followed by the market in Europe. This is due to, growing food and beverage industry is a key factors driving market growth in countries in this region. Revenue from the Asia Pacific biotech flavour market is anticipated to grow at a higher CAGR in the upcoming years. Owing to, increasing demand from countries such as India, China for biotech flavours.
Global Biotech Flavour Market Segmentation
Segmentation by form:
Segmentation by application:
- Dairy products
- Confectionery products
- Bakery products
- Others (includes pharmaceutical, non-dairy ice-cream, etc.)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Advanced Biotech Products (P) Ltd.
- Bell Flavors & Fragrances Inc.
- Frutarom Industries Limited
- Sigma-Aldrich (Millipore Sigma)
- Givaudan SA
- International Flavors & Fragrance (IFF) Inc.
- Hasegawa Co. Ltd.
- Firmenich S.A.
- Amyris Inc.
- Hayashibara Co. Ltd.
- Evonik Nutrition & Care GmbH
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