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.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and 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. 

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Biotech Ingredients Market

Pre Book