Global Biotech Flavour Market: Overview
Biotech flavors have been developed as an alternative for organic synthesis of flavors. Escalating growth has been observed in flavor and fragrances industry in the recent times. With robust innovation in the area of biotechnology has led to the development of flavoring compound using microorganisms. As these flavors are produced through the involvement of microorganisms, hence are categorised as natural. over the chemically synthesised flavours. Thus biotech flavors market is playing a significant role in the revolution of flavors and fragrances industry.
Biotech flavors market has given the boost to the food industry, as the manufacturers can profoundly modifying the nutrient value of their products without compromising the taste. Due to the upwelling trend in the biotech flavors market, it has led to the identification of a new biochemical process for the exploitation of new enzymatic synthesized flavors. Although flavors are also extracted naturally from plants and animal sources but the concentration of these flavors obtained is very low, thus has led to the rapid shift of the flavors industry towards bio catalyzed flavors through the strains of micro-organisms.
Global Biotech Flavour Market: Drivers and Restraints
An increase in the demand for natural and organic food by the health conscious consumers has greatly impacted the growth of biotech flavors market. Moreover, with improved biocatalysts engineering techniques, innovation in the food industry and use of novel ingredient have led to the increase in the production of biotech flavors. The extraction of the flavors from the microbial strains has the better concentration of the extracts as that obtained from animal and plant source. Thus providing an opportunistic platform for the growth of biotech flavors market.
However, isolation and purification of organisms require specific growth conditions, hence the extraction of flavors involves high manufacturing cost. Thus may hamper the growth of biotech flavors market. Moreover, strenuous governmental guidelines are to be followed by the flavors and fragrances industry which adhere to the environmental and consumer safety. Thus may limit the use of use of the microbial strains used for the extraction of desired biotech flavors in the biotech flavours market. Although, the multitude of microbial is used for the production of biotech flavors, the concentration obtained from some of these microbial is customarily too low for industrial applications, thereby hindering the growth of the market.
Global Biotech Flavour Market: Segmentation
On the basis of end use industry, biotech flavors market is segmented into:-
- Food & Beverage industry
- Pharmaceutical industry
- Personal care industry
On the basis of flavors, biotech flavors market is segmented into:-
On the basis of product type, biotech flavors market is segmented into:-
Global Biotech Flavour Market: Region Wise Outlook
The global biotech flavors market is categorized into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), , Japan Latin America and, North America.
Asia-Pacific is expected to witness a behemoth growth in the biotech flavors market due to shift in the consumer's consumption pattern along with demand for products which are either natural or organic in nature. India and China are considered to the opportunistic market for the growth of biotech flavors as consumers are adopting an experimental attitude towards fragrances and flavors. With the enhancement of biotechnology industry, an increase in demand for biocatalyst products has been observed in North America and European regions. North America is considered to be the leading players in terms of consumption of biotech flavors.
Global Biotech Flavour Market: Key Players
Some of the key players identified in the global biotech flavours market includes:
- Senomyx, Inc.
- Amyris, Inc.
- Evolva Holding SA
- Isobionics B.V.
- Symrise A.G
- Firmenich S.A
- Givaudan SA
- Takasago International Corporation
- International Flavors & Fragrances Inc.
- Mane Inc.
- Advanced Biotech. Inc.
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