Press release
Bio-Tech Flavors Market is expected to increase to US$ 2,092.2 Mn by 2024
Bio-Tech Flavors Market
This research report provides a detailed analysis of the global Bio-Tech Flavor market, while identifying the factors contributing to growth of the market across the region. This study offers insights into the market dynamics and trends of various regional markets that are influencing the current nature and future dynamics of the global bio-tech flavor market during the forecast period.
The report provides insights on bio-tech flavor of various application that includes food, beverages and nutraceutical products. Increase in the demand from food and beverages particularly for ready-to-eat food and ready to drink beverages with favorable government policy for increasing adoption of bio-tech over natural and synthetic flavor is a major factor creating a significant growth in global bio-tech flavor market. In order to meet increasing demands, manufacturers and new players in the market are investing in capacity increase and also R&D initiatives for developing new applications. A detailed analysis by each application and end use further empowers clients to formulate strategies for every stage of their business.
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As per analysis, product availability plays a very important role, and hence this report further offers an analysis on the segmentation, targeting and positioning (STP) analysis for key revenue growth areas.
The next section of report includes analysis of the global Bio-Tech Flavor market on the basis of flavor type. It provides market outlook for 2016–2024, and sets the forecast within the context of bio-tech flavor markets. This study also discusses about the Bio-Tech Flavor market size and its dynamics on the basis of flavor type namely vanilla & vanillin, fruity flavor, microbial produced flavor and essential oils. It talks about the market share of each of the segment in the global Bio-Tech Flavor market. Vanilla & vanillin segment is the prominent segment among the rest three flavor type segments.
On the basis of source the bio-active flavor market is segmented into fruit & fruit juice, plant & botanical, meat & sea food, dairy and vegetable & vegetable juice. Fruit & fruit juice segment has been further divided into berries, citrus, drupes, pepos, pomes and others. Plant & botanical has been further divided into spices, herbs and others. Meat & sea food is divided into meat & poultry and sea food. Furthermore, On the basis of form the market is segmented into liquid, powder, spray dry and paste. Powder accounts for major share amongst the rest three flavor type
In the final section of the report, a competitive landscape including strategic benchmarking and regional bench marking has been provided to present the client with a dashboard view of various comparison points including revenue bracket, key application area, and global presence amongst others. It also enables identification and evaluation of key competitors based on in-depth assessment of their capabilities and success in the marketplace. Some of the key players in the global bio-tech flavor market are Givaudan S.A, International Flavors and Fragrances Inc. (IFF), Firmenich SA, Symrise AG, Takasago International Corporation, Sansient Technologies Corporation, Kerry Group Plc, Frutarom Industries Ltd.
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Research methodology
A detailed analysis has been provided for every segment in terms of market size analysis for the global bio-tech flavor market. In order to offer an accurate forecast, we started by sizing up the current market, which forms the basis of how the global bio-tech flavor market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis based on supply side, downstream industry demand and the economic envelope.
It is vital to note that in an ever-fluctuating global economy, we not only conduct forecast in terms of CAGR, but also analyze the same on the basis of key parameters such as, year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities for market players.
Another key feature of this report is the analysis of all segments in terms of absolute dollar. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as identify potential resources from a sales and delivery perspective in the global bio-tech flavor market. In addition to this, we have also provided strategic recommendations and key success factors for new entrants in the global bio-tech flavor market.
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