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Biotech Flavor Market : An Insight On the Important Factors and Trends Influencing the Market

10-19-2017 05:24 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
According to a research report by Transparency Market Research (TMR), the global biotech flavor market is highly consolidated and competitive in nature, with Naturex occupying the dominant position. The leading companies in this market mostly rely on mergers, acquisitions, and partnerships to improve their visibility and the trend is likely to continue over the forthcoming years, increasing the competition between the players, reports the research study.

As per the report, the global market for biotech flavors, which stood at US$430.6 mn in 2015, is expected to proliferate at a CAGR of 9.70% during the period from 2016 to 2024, increasing the opportunity in this market to US$991.0 mn by the end of the forecast period. The market is projected to touch 23,980.3 tons in terms of volume over the same period of time.

Obtain Report Details @
https://www.transparencymarketresearch.com/biotech-flavor-market.html

The demand for biotech flavors is higher in beverages compared to other end-use segments. On account of the surging consumption of flavored beverages, globally, analysts predict this segment to continue as the leading end user of biotech flavors over the period of the forecast.

The research report further evaluates the worldwide market for biotech flavors on the basis of its regional classification. The Middle East and Africa, North America, Asia Pacific, Europe, and Latin America and is led by North America, thanks to the high awareness among consumers regarding the benefits of biotech flavors. In 2015, the regional market, followed by Europe, acquired a share of more than 32% in the overall market. Researchers anticipate the North America market for biotech flavors to retain its leadership over the forthcoming years.

Make an Enquiry @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16178

On the other hand, Asia Pacific is anticipated to exhibit a high-paced growth in its market for biotech flavors in the near future, thanks to the strong demand for biotech flavors from emerging economies, such as China and India. The health and wellness trend is also expected to support the growth of the Asia Pacific biotech flavor market and prompt manufacturers to apply innovative strategies across the supply chain to ensure wide availability of biotech flavors for consumers over the years to come.

Apart from this, the increasing demand for beverages in this region is expected to create vital opportunities for the players in the global market.

The rising health consciousness among consumers has augmented the demand for natural ingredients and biotech-based flavors in food products and beverages, which, resultantly, is boosting the global biotech flavor market. The growing awareness among consumers in developed economies concerning the negative impact of artificially-produced food flavors and the increased knowledge of consumers pertaining to the nutritional advantages of biotech flavors is projected to propel this market in the years to come.

Get ToC@
https://www.transparencymarketresearch.com/report-toc/16178

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

Contact

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email:sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

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