The Worldwide Biotech Flavor Industry will reach $3.3 billion by 2027

DUBLIN, Jan. 13, 2023 /PRNewswire/ – The “Biotech Flavor Market – Forecasts from 2022 to 2027” Report has been added ResearchAndMarkets.com’s offering.

For the period of forecast, the global biotech flavor industry is expected to grow at a compound annual increase rate of 6.61% to reach a market of US$3.337 trillion In 2027, it will be from US$2.132 trillion 2020

Since the beginning of this decade, there have been a number of strategic initiatives from various players in biotech flavour markets. Below are a few examples to give a broad overview of the market.

It is crucial to ensure that the market continues to grow by catering to the ever-growing consumer base who are concerned about the health and environment of the food and beverages they eat. Since the beginning of time, people have sought to improve their senses. This has resulted in flavour optimization for food products.

This has been combined with biotechnology of flavouring chemicals, which is being increasingly recognized both by regulatory regimes as natural flavourings. These are being made possible by biotransformations of flavour compounds, which can be achieved by whole-microbial cells in appropriate bioreactors.

The market’s growth is expected to be driven by the broad range of flavour applications and awareness about the dangers of synthetic flavours. The beverage industry is another area expected to drive market growth. It is closely linked to the growing health consciousness and efforts of people who want to include functional and meal replacement drinks in their diet.

COVID-19 Impact

Covid-19 has brought healthy eating habits and more awareness about health directives. This has helped the Biotech Flavour market to flourish. This time saw strict government regulations and panic, which led to a shift in consumer preference towards organic and natural products. Biotech flavours are safer, less additive-rich, and made from natural materials. This has boosted the global market for biotech flavours over the forecasted period.

Trends expected to drive market growth in the Biotech Flavour Market

The market for biotech flavours is expected to grow due to increasing trends in product reformulations, which are now required by regulatory measures such as the need to reduce sodium or sweet content. Salt reduction priority is a result of the increasing trend in convenience snaking. This has been observed to increase during COVID 19, when national governments enforced a lockdown period. This will fuel the demand for flavours developed via biotechnological methods.

Premiumization is also a trend due to consumers’ desire for new flavours and the increase in disposable income. This will also open up new opportunities for biotech flavour players to innovate and lead to healthy growth.

In addition, the gradual rise of millennials has prompted a conscious effort to shift to low-alcohol alcoholic drinks. This is expected to increase the demand for alcoholic beverages and drive growth in the biotech flavour market.

For instance, in the UK, at current prices, the final consumption expenditure of households on alcoholic beverages was in the order of £ 21,551 million in 2019, which is an increase from the £ 21,278 million registered in 2018 and £ 19,806 million registered during 2017 [Source: OECD].

We cover the following key topics:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. 4.3.1.
4.3.2. 4.3.2.
4.3.3. Threat from New Entrants
4.3.4. Threat of Substitutes
4.3.5. 4.3.5.
4.4. Industry Value Chain Analysis

5. Market Analysis by Form for Biotech Flavors
5.1. Introduction
5.2. Liquid
5.3. Paste
5.4. Powder
5.5. Others

6. Biotech Flavors Market, By Application
6.1. Introduction
6.2. Beverage
6.3. Dairy
6.4. Sweet-tasting food
6.5. Salty
6.6. Snacks

7. Market Analysis by End-Users for Biotech Flavors
7.1. Introduction
7.2. Food and Beverage
7.3. Pharmaceutical
7.4. Other

8. Market Analysis of Biotech Flavors, By Geography

9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. 8.2.
9.3. Mergers, acquisitions, agreements, and collaborations
9.4. Vendor Competitiveness Matrix

10. Company Profiles
10.1. Advanced Biotech
10.2. Ambe Ns Agro Product Pvt Ltd
10.3. Aromatech Group
10.4. 10.4.
10.5. Firmenich SA
10.6. Jeneil
10.7. MANE
10.8. Scentium Flavours S.L.
10.9. WEI TEH FLAVOUR & FRAGRANCE BIOTECHNOLOGY CORP

Visit this site for more information. https://www.researchandmarkets.com/r/iycbvn

Contact Media

Research and Markets
Laura WoodSenior Manager
[email protected]
 
For E.S.T office hours, call +1-917-300-0470
Toll Free: +1-800-526-8630
For GMT Office Hours, Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View the original contenthttps://www.prnewswire.com/news-releases/the-worldwide-biotech-flavor-industry-is-expected-to-reach-3-3-billion-by-2027–301721073.html

SOURCE Research and Markets