Biotech Flavor Market is anticipated to reach USD 977.37 million in 2026


Posted September 14, 2021 by Krshna

Biotech Flavor Market was at USD 602.4 million in 2021 and is anticipated to reach USD 977.37 million in 2026

 
Market overview:
Increasing the production of aromatic compounds using biotechnological methods to replace organic synthesis supports the manufacture of healthier food products. Increasing consumer preference for natural and chemical-free foods is expected to drive manufacturers to infuse biotech flavorings, thus driving global market growth.
Recent developments:
Ambrofix, one of the most widely used biodegradable perfume ingredients, is now produced using Givaudan's revolutionary new biotechnology, which offers the same olfactory qualities as the traditional method while being the most durable and carbon-economical on the market.
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Market Drivers and Restrains:
The advancement of food flavorings driven by the demand for natural formulations is expected to drive the global market. Additionally, consumer awareness of the adverse effects of synthetic ingredients is expected to drive market growth in the coming years. The expanding entrance of normal flavors because of advances in different sorts of refreshments has driven interest on the worldwide market. Biotech-flavored implanted beverages assist with boosting energy levels, digestion, and other real capacities. Flavors like lemon and cucumber assist with animating liver capacity and reinforce veins.
To know more read:
https://www.marketdataforecast.com/market-reports/biotech-flavor-market
Report is segmented as:
By Type:
• Microvascular
• Angina
• Vanilla
• Fruity
• Sweet
• Savory
• Others
By Application:
• Food
• Detergents
• Cosmetic
• Nutraceuticals
• Beverages
• Others

Geographical Segmentation:
The biotech flavoring market in the United States is estimated at US $ 162.7 million in 2020. China, the world's second-largest economy, is expected to reach a projected market size of US $ 243.5 million by 2027, with a compound annual rate of 12.7% over the 2020-2027 review period. Other notable geographic markets include Japan and Canada, each forecasting growth of 4.5% and 7.5% respectively over the 2020-2027 period. In Europe, Germany is expected to grow around 5.5% CAGR.
Impact of COVID-19 on Biotech Flavor Market:
Amid the COVID-19 crisis, the global biotech flavoring market estimated at US $ 602.4 million in 2020, is expected to reach a revised size of US $ 1.1 billion by 2027, at a CAGR of 8.4% on the analysis period 2020-2027. Vanilla and vanilla, one of the segments analyzed in the report, is expected to register a CAGR of 8.7% and reach US $ 490.3 million at the end of the analysis period. After an initial analysis of the business implications of the pandemic and the resulting economic crisis, the growth of the Fruity segment is readjusted to a revised CAGR of 8.6% for the next 7-year period.
Key market players:
Some of the key players operating in the global market are Givaudan; Firmenich SA; IFF Inc.; Symrise AG; Wild Flavors; Takasago International Corporation; Mane Flavors; Frutarom; Sensient Technology Ltd.; and Roberetet.
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Issued By Market Data Forecast
Country India
Categories Business , Food
Tags biotech flavor market
Last Updated September 14, 2021