Biotech Flavors Market, by Flavor (Vanilla and Vanillin, Fruity, Others), Form (Liquid, Powder, Paste), Application (Dairy Products, Beverages, Confectionery Products, Non-dairy Ice Cream, Bakery Products, Nutraceuticals, Others) – Global Revenue, Trends, Growth, Share, Size, and Forecast to 2022
Biotech processes such as plant tissue culture, microbial fermentation convert the fruits and vegetable ingredients into flavors, known as biotech flavors which are completely natural and do not have any side effects. Biotech flavors market is gaining a lot of importance globally especially in developed countries because of the awareness about the adverse impact of artificial flavors on human health.
Consumers are now becoming aware about the nutritional value of fruits and vegetables and the benefits associated with increased antioxidants intake such as reduced risks of metabolic diseases such as diabetes or obesity. This report studies the current and future aspects of biotech flavors market.
The scope of this report covers the biotech flavors market by its major segments, which include the types, applications, and the major geographic regions
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The biotech flavors market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor of the biotech flavors market.
The region is expected to continue growing at the same pace during the forecasted period because of the increasing awareness among people regarding the benefits of biotech flavors. Next in line is the Europe region which is witnessing a steady growth of the market and holds the second largest market share.
Asia-Pacific region is also showing a rapid market growth due to strong demand of biotech flavors from developing countries such as India and China. Increasing trend of health and wellness is also supporting the growth of biotech flavors market in this region.
In addition, increasing demand for beverages is also promoting the market growth in this region.
KEY MARKET PLAYERS
Key players in the biotech flavors market include:
2. Sensient Technologies Corporation
3. Bell Flavors and Fragrances
5. International Flavors & Fragrances, Inc.
6. Takasago International Corporation
7. Frutarom Industries Ltd.
9. Firmenich S.A.
10. Kerry Group Plc.
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