Biotech Ingredients Market: An Overview

The global biotech ingredients market is likely to expand at a healthy pace, this is mainly because of the rising demand for biotech flavors and fragrance by the consumers.

Biotech ingredients are natural ingredients that comprise of essential oils, oleoresins, and other plant extracts.  These ingredients are commonly derived using four major techniques: steam distillation, solvent extraction, cold pressing or compression, and carbon dioxide extraction.

Biotech Ingredients Market: Notable Developments

Some of the recent development in biotech ingredients market are-

Researchers have developed a technique to use biotech ingredients in the cosmetic industry with the help of cell biology. This will help increase demand for biotech ingredients in cosmetics industry.  Prominent players in cosmetics industry have already started using biotech ingredients in their product.

For instance, Novozymes, a biotech company has developed a special method for hyaluronic acid using microbial fermentation. It is used in the formulation of various skin care products such as facial creams and lotions.

Key players in biotech ingredients market such as Evolva S.A.; International Flavors and Fragrances, Inc. are expanding their market presence with the setting up of new facilities and distribution centers.

Some of the  key players operating in the biotech ingredients market are Dickinson and Company, bioMérieux SA, Becton, Cepheid Inc., Roche Diagnostics,  Beckman Coulter, Inc., and Bruker Corporation.

Biotech Ingredients Market: Key Trends

Flourishing food and beverages industry to augment growth in the biotech ingredients market 

One of the prominent factors expected to drive the growth of the global biotech ingredients market  is rising consumer shift towards natural and organic products. This can be attributed to the gowing awareness regarding ill effects of synthetic ingredients. 

Apart from this, growing application of biotech ingredients is another factor anticipated to fuel growth in the global biotech ingredients market.  Some of the end use industry of the biotech ingredients market are food and beverage, cosmetic, and pharmaceuticals. 

However, limited availability of raw materials for the manufacturing of biotech ingredients is a strong factor expected to impede growth in the biotech ingredients market. This is because of  the unpredictable weather conditions during crop season such as drought and rainfalls.  Due to this, there is a significant gap in the demand and supply of raw material. In addition to this, issues like water scarcity and shifting customer preference toward cereal crops or oil-producing plant to gain higher profits is another factor likely to hamper market growth.   

Nevertheless, rising consumer shift from synthetic to natural beauty products is also forcing manufacturers to launch products based on biotech ingredients. This is expected to offer immense opportunities for the growth of biotechnology ingredients market.   

Biotech Ingredients Market: Regional Outlook 

Geographically, Europe is expected to lead the global biotech ingredients market. This is mainly because of the increasing demand for biotech ingredients in cosmetics and fragrances. The increase in demand in the region, can be attributed to development of innovative value chains for producing bio-based ingredients, government initiatives, and increasing production capacities of bio-based chemicals, growing popularity among people. Apart from this, presence of key players in the region is another factor expected bolster growth in the region.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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Biotech Ingredients Market

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