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Biotech Flavor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Global Biotech Flavor Market Overview

Biotech flavor is an alternative to organic synthesis of flavors. Biotech flavor is playing a significant role in development of flavoring compounds. Generally enzymes were used for developing of flavoring compounds but with the advancement of technology and increasing food science developments biotech flavor found its use for the biotransformation of flavor compounds. Flavor compounds made with the help of biotech method have been considered as natural compounds. Due to increasing preference for natural products, this development creates the positive impact on the consumer’s mind as well as the flavors produced with the help of chemical synthesis are not considered ecofriendly. Biotech flavors reproduce flavors that are sweet, salty, and savory and also enables the production of healthier food products. Companies can reduce the amount of sugar, salty, savory by using the small amount of biotech flavor. Bacteria is used for biotech flavorings and for the natural cheese flavoring. These bacteria helps to convert glucose into butyric acid and also present in butter and some cheeses.

Global Biotech Flavor Market Segmentation:-

Biotech flavor market can be segmented on the basis of application, flavour type and forms of the biotech flavor.

On the basis of application the Biotech Flavor is used in various product such as dairy products, beverages, confectionery, nondairy ice cream, and bakery.  Furthermore, the bakery segment can be sub segmented such as breads, cakes, cereals, cookies, muffins, pastries. Also confectionary segment can be sub segmented such as chocolate, coatings, dips, gum.

Biotech flavor market can further be segmented on the basis of flavor type such as vanilla, fruity, essential oils, microbial produced flavors, other flavors. Biotech Flavor market can also be segmented on the basis of forms of the biotech flavor such as liquid, powder, spray dry and paste forms.

Global Biotech Flavor Market: Regional Outlook:-

Geographically, the Global biotech flavor  industry can be divided  by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. United States dominates the global biotech flavor market in terms of revenue share and consumption, followed by Europe. The developing economies are expected to depict increasing demand for biotech flavour with the rise in consumer awareness and health consciousness.

Global Biotech Flavor Market Drivers

Global biotech flavor market is expected to be driven by the demand of natural ingredients food and healthy food. As people are becoming more health conscious the demand for healthy food is expected to grow. Another factor which is driving the biotech flavor market is the increasing use of innovative technology, enabling the manufacturers to develop new biotech flavor. Apart from that, biotech flavor is also used in vanillin as an ingredient. Vanillin is used in ice creams and soft drinks for flavoring. Increasing consumption of desserts is also impacting the growth of biotech flavor market. A majority of people now a days prefer to buy food products which has biotech flavor for obvious reasons such as healthful fats, omega-3, saturated fat and also due to its properties that makes the foods taste better or fresher. Biotech flavor has already replaced some natural flavors, which were used in foods and required higher cost of production. Advancement technology and scientific breakthrough will support the growth of biotech flavor during the forecast period.

Global Biotech Flavor Market Players:-

The major players identified across the value chain of global biotech flavor market include Bell flavors & fragrances, Sensient, Allylix, Amyris, Symrise, Mane, Safisis, Naturex, Givaudan, Nestec, Takasago etc. The companies are emphasizing on research & development and product development in order to gain market share in the competitive market. Ben flavor and fragrances launched super fruit flavor. It provides lower cholesterol assists immune system. It also has the nutritional value of all kinds of antioxidants, vitamins and other minerals.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, and others)
  • Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Benelux, Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.

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