Biotech flavors are substances synthesized by biotechnological processes, which impart a characteristic odor. These are cheap, eco-friendly, and pure in terms of chirality. The production process is versatile, efficient, and by product-free, which are increase their popularity in the food industry.
The global biotech flavor market is driven by associated advantages of biotech flavors production and increase in health awareness among consumers about artificial food flavors. However, less concentration of the extract obtained through biotechnological processes for large scale applications and stringent guidelines by regulatory bodies for the production of biotech flavors hamper the market growth. The use of microbial strains for extraction process increases the concentration of the flavor; thereby providing lucrative opportunities for the market players during the forecast period.
The global biotech flavor market is segmented based on flavor, product, form, application, and geography. Based on flavor, it is classified into fruity, sweet, savory, bitter, and others (vanilla, chocolate, and others). Based on product, it is segmented into vanillin, lactone, ether, ester, aldehyde, and others (terpene, pyrazine, ketone, and others). Based on form, it is classified into liquid, powder, and paste. On the basis of application, it is divided into food & beverage (dairy, confectionery, bakery, and nutraceuticals), cosmetics, and detergents. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key market players included in this report are Kerry Group Plc (Republic of Ireland), Firmenich S.A. (Switzerland), Naturex Group (France), Frutarom Industries Ltd.(Israel), Takasago International Corp.(Japan), International Flavors & Fragrances Inc.(U.S.), Symrise AG (Germany), Bell Flavors and Fragrances (U.S.), Sensient Technologies Corp. (U.S.), and Givaudan (Switzerland).
- This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global biotech flavor market for the period of 20162023 to identify the prevailing market opportunities.
- The key countries in each region has been mapped based on market share.
- In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
Biotech Flavor Market Key Segments:
- Others (Vanilla, Chocolate, and others)
- Others (Terpene, Pyrazine, Ketone, and others)
- Food & Beverages
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA