Biotech Flavors Market To Reach a Valuation of ~US$ 3 Bn by 2029: Transparency Market Research

Demand for biotechnology flavors to grow due to health benefits; healthier sweeteners to win the day for diabetics

News provided by

Feb 05, 2020, 04:00 ET

ALBANY, New York, Feb. 5, 2020 /PRNewswire/ -- The food and beverages industry is witnessing tremendous demand for functional foods as consumers shift preference towards healthier variants of tasteful items. Additionally, a growing consciousness towards environmental conservation is also driving demand for biotech flavors up substantially as these are not dependent on harvest techniques for production.

The global biotech flavors market would chart a stellar growth rate of 9%, compounded annually from 2019 to 2029, surpassing market value of 134 metric tons by the end of the stated period, as per research findings compiled by Transparency Market Research.

As per TMR, "Healthful variants of flavored milk and sweeteners will govern the success of global biotech flavors market. However, players will have to focus on the economics of the products to ensure success on the racks."

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16178

Key Findings of the Biotech Flavors Market Study

Fruity flavors to drive high demand in the market over the forecast period owing to demand from bakery, nutraceuticals, and dairy products manufacturing
Beverages will account for major share in applications owing to successful replacement of sugar and easy introduction of flavors in any liquid
Asia Pacific to grow at the back of growing awareness regarding health and wellness while North America will benefit from the shift to preference for natural products over artificial options

To gain insights into trends, drivers, regional projections, and key research findings, explore 150 pages of extensive research study on Biotech Flavors Market, carried out by Transparency Market Research. Insights include information by Form: Liquid, Powder, Paste, Others; Flavor: Vanilla & Vanillin, Fruity Flavors, Essential Oils, Microbial Products, Others; Application: Dairy Products, Beverages, Confectioneries, Non-dairy Ice Cream, Bakery Products, Nutraceuticals, Others, 2019 to 2029 at, https://www.transparencymarketresearch.com/biotech-flavor-market.html

Biotech Flavors Market: Key Driving Factors

As per the findings reported in Transparency Market Research study on global biotech flavors market, need to move away from seasonal fluctuations in growing crops for crops, seeds, and other agricultural produce, and to reduce negative impact of these traditional practices such as high water use is driving significant growth. Few critical factors supporting this trend are,

0.42 bn. people had diabetes and 2014 worldwide, and in 2017 some 0.03 bn. were in the United States alone
The number is rising rapidly with 1.6 mn. deaths caused by diabetes in 2016, becoming the 7^th leading cause of death globally
1.9 bn. people were obese in the year 2016 – a figure that translates to 39% of global population - this requires healthier food options in the future for better management
On-going research and development by players such as Evolva, which is working to produce Stevia (a Cargill) product via fermentation

Key Impediments for Biotech Flavors Market Players

One of the restraints that will keep the global biotech flavors market from reaching full potential over the forecast period is:

Adaptation of flavors for use in solid foods as noted in the use of sugar replacements
Sugar not just sweetens, but also crystallizes, caramelizes and provides texture to food; So far, it has been hard to find the sweet spot in combining biotechnology with taste and feel of products
For instance, in a cake, stevia sweetens but does not help the cake taste like one

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/16178

Biotech Flavors Market: Region-wise Analysis

Increase in penetration of biotech flavors in the United States, along with high awareness is helping United States be a lucrative market; presence of strong players propelling North American market landscape grow
Asia Pacific to be fastest growing market over the forecast period as consumers willing to spend premium price for premium products – an outcome of improving disposable incomes in the economies marking the regional landscape

Analyze biotech flavors market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study,

Competition Landscape

The global biotech flavors market is fragmented owing to presence of a large number of players. It is worth noting here that they are actively involved in Research and Development (R&D) in order to mark off a larger share for themselves. Besides, key alliances to combine resources and know-how might emerge over the period. Besides, it is noteworthy that the global biotech flavors market players can only be driven on an upward growth curve if good economics is married to the health factor.

Some of the players that have made remarkable contribution to the field and are well-known in the market include Givaudan, Sensient Technologies Corporation, Bell Flavors and Fragrances, Symrise AG, International Flavors & Fragrances, Inc., Takasago International Corporation, Frutarom Industries Ltd., Naturex group, Firmenich S.A., and Kerry Group Plc, among others.

Transparency Market Research has segmented the global biotech flavors market report based on form, flavor, application, and region.

Biotech Flavors Market Form Outlook (Revenue, USD Million 2019-2029)

Liquid
Powder
Paste
Others

Biotech Flavors Market Flavor Outlook (Revenue, USD Million 2019-2029)

Vanilla & Vanillin
Fruity Flavors
Essential Oils
Microbial Products
Others

Biotech Flavors Market Application Outlook (Revenue, USD Million 2019-2029)

Dairy Products
Beverages
Confectionery Products
Non-dairy Ice Cream
Bakery Products
Nutraceuticals
Others

Biotech Flavors Market Region-wise Outlook (Revenue, USD Million 2019-2029)

North America

U.S.
Canada

Latin America

Mexico
Brazil
Argentina
Rest of Latin America

Europe

Germany
France
U.K.
Spain
Italy
Nordic
BeneluxRussia
Poland
Rest of Europe

Asia Pacific

China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East & Africa

GCC
North Africa
South Africa
Rest of MEA

Explore Transparency Market Research's award-winning coverage of the global Food industry,

Wheat Germ Oil Market - The demand for wheat germ oil has been fairly steady in recent years around the world, particularly from the cosmetics, dietary supplements, and feed industries.

Seaweed Extract Market - On a global level, as far as the seaweed extract market is concerned, ~167 tons of powdered seaweed extract is estimated to be produced in the year 2029.

Potato Flakes Market - The growing trend of ready-to-eat food is one of the key drivers for the exponential growth of the potato flakes market. Consumers are exploring ingenious ways to use instant potato flakes to make crispy meat cuisines, and provide the added texture and consistency in meals.

Gummy Vitamins Market - The impressive growth rate of the gummy vitamins market is due to the geriatric population beginning to realize the various benefits of gummy vitamins over pills and tablets.

E-Liquid Market - The e-liquid market is projected for a striking CAGR of ~16% during the forecast period. Likewise, online retail is estimated for the highest revenue amongst all sales channels in 2027, with a value of ~US$ 657 million.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com

SOURCE Transparency Market Research