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Biotech Flavors Market Size, Share, Growth, Analysis, Trend, and Forecast Research Report by 2029

Biotech Flavors Market Size, Share, Growth, Analysis, Trend,

The manufacturers in the biotech flavor market are developing fruity flavors and fragrances that are relatively less harvest dependent. Alternative methods to harvest-dependent processes are assisting market players to escape from the price and supply fluctuations of raw materials as well as agricultural disasters such as droughts and crop diseases. For example, manufacturers have developed valencene, an artificial substance which has taste and aroma similar to an orange. Manufacturers can work to develop similar products with grapefruit and bergamot, as well.

The biotech flavor market worldwide is anticipated to grow at a compound annual growth rate of approximately 9% during the forecast period 2019-2029. The expected valuation for the biotech flavor market is likely to be close to US$ 3 Bn by the end of the forecast period.

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Uncertain Weather Condition & Political Instability Affecting Raw Material Supply

Erratic supply of raw materials due to unfavorable weather conditions, seasonal or crop violations, natural calamities, and political instability is a big problem for natural flavor manufacturers in growing regions. Consistent supply of raw material and quality of flavoring agents dramatically influence the final product quality and consumer acceptance. Enhanced flavor production through the traditional plant breeding process is currently not a mechanism preferred by flavoring agent suppliers, as it does not produce quality flavor.

The flavor production system based on plant tissue culture (PTC), microbial fermentation, or bioconversion, overcomes many of these limitation. These bio-tech processes provide the industry with consistent quality and unlimited production capacity at reduced cost. Furthermore, with the introduction of the biotech process, food and beverage manufacturing companies can now produce new compounds or convert low-value substances into high value compounds by bio-transformation. Since flavors are generally expensive as compared to other ingredients of processed foods, the flavor industry is adopting the bio-technology-based system.

Global Biotech Flavors Market: Competitive Landscape

Key players in the global biotech flavors market have been profiled in the biotech flavors market report. Some of the main players in the biotech flavors market include Givaudan, Sensient Technologies Corporation, Bell Flavors and Fragrances, Symrise AG, International Flavors & Fragrances, Inc., Takasago International Corporation, Frutarom Industries Ltd., Naturex group, Firmenich S.A., and Kerry Group Plc, and many more.

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Global Biotech Flavors Market: Segmentation

The global biotech flavors market has been segmented into form, flavor, application, and region.

Biotech Flavors Market by Form

Liquid

Powder

Paste

Others

Biotech Flavors Market by Flavor

Vanilla & Vanillin

Fruity Flavors

Essential Oils

Microbial Products

Others

Biotech Flavors Market by Application

Dairy Products

Beverages

Confectionery Products

Non-dairy Ice Cream

Bakery Products

Nutraceuticals

Others

Fruity, Vanilla & Vanillin Flavors Expected to Witness Most Demand in Future

The food and beverages industry has always found it difficult to manufacture products that are both good to taste as well as have health and environmental benefits. Hence, biotech flavors are emerging as a solution to improve the flavor in food items without causing harm to the health and environment.

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The global biotech flavor market has several types of flavors such as vanilla and vanillin, essential oil, microbial products, fruity, and others. Among them, fruity as well as vanilla and vanillin have been identified as the flavors in most demand. It is estimated that the demand for fruity flavor will increase because of the large demand for processed food and beverages worldwide.

The demand for biotech flavors primarily witnesses demand from bakery products, nutraceuticals, dairy products, non-dairy ice creams, confectionaries, and beverages. Among them, it has been observed that biotech flavors have been used in beverages and the rise in demand for flavored beverages has propelled the biotech flavor market.

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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