Global Bio-Tech Flavor Market Revenue Expected to Witness a CAGR of 11.0% Between 2016 and 2024

Biotechnology is capable of delivering complex fragrances and flavors as either single constituents or fermentation products through biosynthetic pathways or metabolic engineering. Natural flavors are turning out to be more popular than their synthetic counterparts as one can take in healthier alternatives, that too, with flavors. Even ready-to-eat meals, cakes, and chocolates prefer biotech flavors with clean label and authenticity. Persistence Market research has, with its team of analysts and consultants, entailed the facts in this regard along with subsequent actions to be taken in its latest market study entitled "Biotech Flavors Market".

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How is the Biotech Flavors Market segregated?

The global biotech flavors market, by type, spans fruity, vanilla, and likewise. By application, it's dairy, bakery & confectionery, beverage, nutraceuticals, and likewise. By form, it's powder, liquid, and paste. Out of these, fruity flavors hold the largest market share due to large-scale utilization in creating refreshing and exotic flavors by key manufacturers. Persistence Market Research has etched these findings with probable calls to action in its latest market study entitled "Biotech Flavors Market".

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Region-wise Slinging

North America holds more than 30% of the market share due to growing popularity of biotech flavors, thanks to the benefits offered with respect to nutrition and taste. Europe stands second on the similar grounds. However, the Asia-Pacific is expected to grow at the fastest rate in the biotech flavors market due to growing consciousness regarding adverse effects of artificial food flavors, especially in countries like China and India. Persistence Market Research has mentioned about these facts along with insights in its latest market study entitled "Biotech Flavors Market".

Competitive Landscape

Persistence Market Research has profiled the key players in biotech flavors market as Givaudan S.A., International Flavors & Fragrances Inc., Firmenich SA, Symrise AG, Takasago International Corporation, Sensient Technologies Corporation, Kerry Group, Frutarom Industries Ltd., and likewise.
Persistence Market Research has also gone further with mentioning about the relevant developments. For instance - Novozymes A/S, in June 2020, did launch eco-friendly umami flavouring by making use of engineered enzymes for breaking plant protein. The basic objective behind the launch of this product was that of tabling less hazardous and more natural chemical products. BASF SE, in September 2019, did acquire Isobionics, so as to make an entry into the market for natural flavors and fragrances and also widen the portfolio with several natural ingredients like valencene, nootkatone, and vanillin.

What Next?

The global biotech flavors market is meant to grow at a grand scale in the next 10 years - Persistence Market Research

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This release was published on openPR.