Biotech Flavors Market - Forecast(2024 - 2030)

Report Code: FBR 0483 Report Format: PDF + Excel
Biotech Flavors Market size is estimated to be $37.3 billion in 2019, growing at a CAGR of 6.8% during the forecast period 2020-2025.Increasing awareness of nutritional benefits from biotech , rising use of biotech flavors in cakes & confectionary, use of biotech in pharmaceutical and cosmetic is a major factor driving the Biotech Flavors Market during the forecast period 2020-2025. Futher more, recent developments in  microorganisms and transgenic research have spawned numerous studies in the use of metabolic engineering of biosynthetic pathways to produce high-value secondary metabolites that can enhance the flavors of food products. In addition it is playing an important role in breeding of food crops for enhanced flavor. With a larger section of the employed population, the demand for convenience flavored foods is higher which is likely to boost the economic income of the biotech flavors market in the coming years.

Report Coverage
The report: “Biotech Flavors Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Biotech Flavors Market.

By Type-Vanilla, Fruity, Sweet, Savory and Others
By Form- Liquid, Powder, Paste and Others.
By Application-Food, Dairy, Beverages, Nutraceuticals, Cosmetic, Detergents and Others.
By Geography-North America, Europe, Asia Pacific and RoW.

Key Takeaways
  • Vanilla accounted for the largest market share in 2019 owing to the various products of cakes used in celebration is driving its market growth during the forecast period 2020-2025.
  • The Beverages is projected to be the fastest growing application with a CAGR of 5.3% during the forecast period 2020-2025. This is owing to the increasing consumption of beverages around the world. 
  • North America dominated the Biotech Flavors Market in 2019 owing the increasing awareness of nutraceuticals, increasing demand of flavored drinks & beverages in that region.
  • Increasing awareness among consumers regarding nutritional benefits of biotech flavor is a significant factor driving the biotech flavor market during the forecast period 2020-2025

By Type of Product- Segment Analysis 
By Type the Biotech Flavors Market is segmented into Vanilla, Fruity, Sweet, Savory and others. Among these the vanilla accounted for the largest market share in 2019 owing to the various products of cakes & confectionary used in celebration  is driving its market growth during the forecast period 2020-2025.Moreover, the use of  ricotta cheese cakes which contains ricotta cheese is considered to be  as light as compared to any other cheese. In addition it is healthy as it contains nutrients like protein, phosphorous, vitamin A, vitamin B and zinc. Increasing health concern along with changing lifestyle and rapid urbanization is driving the biotech flavors market during the forecast period 2020-2025.Futhermore, vanilla is rich in antioxidants which helps to repair the body at the molecular level. In addition they have been leaser risk to various diseases such as cancer and diabetes. Furthermore, they reduce the effect of aging and promote more vibrant skin.

By Application - Segment Analysis 
The Beverages is forecast to be one of the fastest growing segments of biotech flavors owing the increasing consumption of beverages around the world. Furthermore, changing lifestyle and the preference of people for energy drinks, fruit juices along with their nutritional benefits is contributing to its market growth. Moreover, drinking beverages such as milk provides an excellent source of protein rich in nutrient necessary for strengthening bones as well as teeth. Calcium is also important for strengthening bones conditions like osteoporosis and arthritis. Furthermore, the growth is driven by the rising demand of convenience food products with different flavors to save both customers time and effort, given their hectic schedules. Owing to these benefits of biotech flavors, there is an upsurge in the demands of these products and the market and is estimated to witness significant growth during the forecast period 2020-2025.

Geography- Segment Analysis
North America dominated the Biotech Flavors Market in 2019 accounting for 41% of the market by region. This is owing to the increasing awareness of nutrition benefits, increasing demand of flavored drinks & beverages in that region. Furthermore, the ingredients such as fruits, herbs, and vegetables used bakery processes also depend largely on this unique freezing procedure whereby promoting the growth of biotech flavors market to be driven. Furthermore, the presence of major players such as IFF and Sensient Technologies Ltd is also contributing to its market growth.

Drivers – Biotech Flavors Market
  • Increasing Awareness Among Consumer Regarding Nutritional Benefits of Biotech Flavors
Increasing awareness among consumers regarding nutritional benefits of biotech flavor is a significant factor driving the biotech flavor market during the forecast period 2020-2025.Moreover, the ingredients such as vanilla and fruity used in the bakery process largely depend on its unique freezing procedure thereby driving its market growth. Furthermore the increasing demand of fruit juices and beverages is also contributing to its market growth. Growing developments in biotechnology in the world is a major factor driving the Biotech Flavors Market during the forecast period 2020-2025.
  • Cost-Effectiveness
Cost-effectiveness is a major factor driving the Biotech Flavors Market during the forecast period 2020-2025. Changing lifestyle along with the growing the health concern and hectic schedules of people around the world is further driving its market. Furthermore, the wide acclamation in celebratory events and household occasion there is a demand for cakes and pastries at affordable prices which is further contributing to its market growth.

Challenges – Biotech Flavors Market 
  • Low-Shelf Life of Biotech Flavors
Some of the factors that is set to impede the growth of Biotech Flavors Market are the low shelf life of biotech flavors and the price of raw materials for bakery products during the forecast period 2020-2025.Moreover, owing to its low shelf life there are chance of the products getting spoiled  earlier thereby restraining its market growth.

Biotech Flavors Market Industry Outlook
Product Launches, Merger & Acquistion, joint ventures and R&D activities are key strategies adopted by the players in Biotech Flavors Market. Biotech Flavors Market top 10 companies are Bell Flavors and Fragrances Inc, Givaudan SA, International Flavor & Fragrances Inc, Sensient Technologies Corporation, Symrise AG, Kerry Group, Firmenich, Naturex, Takasago International Corporation and Frutarom Industries.

Acquisitions/Product Launches
  • September 2019: Bell Flavors & Fragrances EMEA launched a range of new products for the development of authentic natural products.
1. Biotech Flavors Market Overview
    1.1 Definitions and Scope
2. Biotech Flavors Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Type
    2.3 Key trends by Form
    2.4 Key trends by Application
    2.5 Key trends by Geography
3. Biotech Flavors Market –Comparative Analysis
    3.1 Product Benchmarking - Key companies
    3.2 Financials Analysis - Key Companies
    3.3 Market Share Analysis- Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Biotech Flavors Market- Startup companies Scenario Premium (Premium) 
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Biotech Flavors Market – Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Biotech Flavors Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Biotech Flavors Market -Strategic analysis
    7.1 Value chain analysis 
    7.2 Opportunities analysis
    7.3 Market life cycle
8. Biotech Flavors Market – By Type(Market Size –$Million/$Billion)
    8.1 Microvascular Angina
    8.2 Vanilla
    8.3 Fruity
    8.4 Sweet
    8.5 Savory 
    8.6 Others
9. Biotech Flavors Market – By Form(Market Size –$Million/$Billion)
    9.1 Liquid
    9.2 Powder
    9.3 Paste
    9.4 Others
10. Biotech Flavors Market – By Application(Market Size –$Million/$Billion)
    10.1 Food
        10.1.1 Dairy
        10.1.2 Bakery & Confectionary
    10.2 Beverages
    10.3 Nutraceuticals
    10.4 Cosmetic 
    10.5 Detergents
    10.6 Others
11. Biotech Flavors Market - By Geography (Market Size -$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 South Korea
        11.3.4 India
        11.3.5 Australia & New Zealand
        11.3.6 Rest of APAC
    11.4 Rest of the World
        11.4.1 Middle East
        11.4.2 Africa
        11.4.3 South America
12. Biotech Flavors Market - Entropy
13. Biotech Flavors Market – Industry/Segment Competition Landscape   (Premium) 
    13.1. Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Country- Key companies
        13.1.4 Best Practices for Companies
14. Biotech Flavors Market – Key Company List by Country Premium (Premium)
15. Biotech Flavors Market Company Analysis
    15.1 Company Revenue, Products, M&A, Developments
    15.2 Bell Flavors & Fragrances Inc
    15.3 Givaudan SA
    15.4 International Flavor & Fragrances Inc
    15.5 Sensient Technologies Corporation
    15.6 Symrise AG
    15.7 Kerry Group
    15.8 Firmenich 
    15.9 Naturex 
    15.10 Takasago International Corporation
    15.11 Frutarom Industries
*Financials for private companies would be provided on a best efforts basis”.