Bio-Tech Flavors Market to Surge at a Robust Pace In Terms Of Revenue Over 2025

Market dynamics
Demand for bio-tech flavor is expected to grow at a significant rate over the forecast period, since bio-tech flavor manufacturers are developing new applications that are in the developing phase. Bio-tech flavors provide number of health benefits including enhancement of antioxidant levels, reduces the risk of metabolic disease including obesity and diabetes, which makes the consumer to consume bio-tech flavor based food and beverages over natural and artificial flavors.

The global biotech flavor market size was valued at USD 36.0 billion in 2018 and is expected to register a CAGR of 7.0% from 2019 to 2025. Increasing production of flavor compounds with the help of biotech methods as a substitute for organic synthesis is supporting the manufacturing of healthier food products. Growing consumer preference for natural and chemical free food is expected to drive the manufacturers to infuse biotech flavors, thereby spurring the growth of the global market.

Bio-tech flavors have low shelf life as compared to the shelf life of natural and artificial flavors. As there is no added artificial compound such as artificial preservatives, the average shelf life of bio-tech flavors is around six months to one year only. Increasing shelf life of natural and fruity flavor is a real challenge in order to enhance growth of the global bio-tech flavors market. Mostly, vanilla & vanillin flavors are not used in soda drinks due to reaction issues. This is another growth restraining factor for the bio-tech flavors market in terms of value.

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Regional analysis

The Asian countries such as China, India, Japan and in Europe especially Germany are demonstrating a rapid growth in the demand for bio-tech flavors as compared with rest of the countries in the region. The key players in Asia Pacific region are undergoing capacity increase of bio-tech flavors with the increase use in food and beverages manufacturing.

Key market players

Givaudan S.A , International Flavors and Fragrances Inc. (IFF), Firmenich SA, Symrise AG, Takasago International Corporation, Sansient Technologies Corporation, Kerry Group Plc are some of the key players operating in the global bio-tech flavor market.

Segmentation:

Type Outlook:

• Vanilla
• Fruity
• Others

Application Outlook

• Dairy
• Bakery & Confectionery
• Beverage
• Nutraceuticals
• Others

Form Outlook

• Liquid
• Powder
• Paste

Regional Outlook

• North America
  • S.
• Europe
  • K.
• Asia Pacific
  • India
  • China
• Central & South America
• Middle East & Africa
  • Israel

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COMTEX_447793052/2840/2024-02-14T08:36:53