Biotech Flavor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Biotech Flavor Market Overview

Biotech flavor is an alternative to organic synthesis of flavors. Biotech flavor is playing a significant role in development of flavoring compounds. Generally enzymes were used for developing of flavoring compounds but with the advancement of technology and increasing food science developments biotech flavor found its use for the biotransformation of flavor compounds. Flavor compounds made with the help of biotech method have been considered as natural compounds. Due to increasing preference for natural products, this development creates the positive impact on the consumer’s mind as well as the flavors produced with the help of chemical synthesis are not considered ecofriendly. Biotech flavors reproduce flavors that are sweet, salty, and savory and also enables the production of healthier food products. Companies can reduce the amount of sugar, salty, savory by using the small amount of biotech flavor. Bacteria is used for biotech flavorings and for the natural cheese flavoring. These bacteria helps to convert glucose into butyric acid and also present in butter and some cheeses.

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Global Biotech Flavor Market Segmentation:-

Biotech flavor market can be segmented on the basis of application, flavour type and forms of the biotech flavor.

On the basis of application the Biotech Flavor is used in various product such as dairy products, beverages, confectionery, nondairy ice cream, and bakery. Furthermore, the bakery segment can be sub segmented such as breads, cakes, cereals, cookies, muffins, pastries. Also confectionary segment can be sub segmented such as chocolate, coatings, dips, gum.

Biotech flavor market can further be segmented on the basis of flavor type such as vanilla, fruity, essential oils, microbial produced flavors, other flavors. Biotech Flavor market can also be segmented on the basis of forms of the biotech flavor such as liquid, powder, spray dry and paste forms.

Global Biotech Flavor Market: Regional Outlook:-

Geographically, the Global biotech flavor industry can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. United States dominates the global biotech flavor market in terms of revenue share and consumption, followed by Europe. The developing economies are expected to depict increasing demand for biotech flavour with the rise in consumer awareness and health consciousness.

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Global Biotech Flavor Market Drivers

Global biotech flavor market is expected to be driven by the demand of natural ingredients food and healthy food. As people are becoming more health conscious the demand for healthy food is expected to grow. Another factor which is driving the biotech flavor market is the increasing use of innovative technology, enabling the manufacturers to develop new biotech flavor. Apart from that, biotech flavor is also used in vanillin as an ingredient. Vanillin is used in ice creams and soft drinks for flavoring. Increasing consumption of desserts is also impacting the growth of biotech flavor market. A majority of people now a days prefer to buy food products which has biotech flavor for obvious reasons such as healthful fats, omega-3, saturated fat and also due to its properties that makes the foods taste better or fresher. Biotech flavor has already replaced some natural flavors, which were used in foods and required higher cost of production. Advancement technology and scientific breakthrough will support the growth of biotech flavor during the forecast period.

Global Biotech Flavor Market Players:-

The major players identified across the value chain of global biotech flavor market include Bell flavors & fragrances, Sensient, Allylix, Amyris, Symrise, Mane, Safisis, Naturex, Givaudan, Nestec, Takasago etc. The companies are emphasizing on research & development and product development in order to gain market share in the competitive market. Ben flavor and fragrances launched super fruit flavor. It provides lower cholesterol assists immune system. It also has the nutritional value of all kinds of antioxidants, vitamins and other minerals.

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