According to a newly published research report by Fact.MR, a market research and competitive intelligence provider, The global
According to a newly published research report by Fact.MR, a market research and competitive intelligence provider, The global bio-tech flavor market is estimated to touch a valuation of US$ 34.44 billion in 2024 and is further projected to reach a size of US$ 69.03 billion by the end of 2034. Sales of these products are evaluated to rise at a noteworthy CAGR of 7.2% throughout the projection period (2024 to 2034). The continuous developments in biotechnology, particularly in the fields of fermentation, microbial engineering, enzymes, and other technologies, are revolutionizing the manufacturing of natural flavors.
These techniques are essential because they enable the efficient and regulated synthesis of taste molecules from enzymes and microorganisms, producing bio-tech flavors of superior quality. Moreover, these approaches require less money than resource-intensive conventional extraction methods. Because of these ongoing advancements, leading food and beverage producers are embracing bio-tech tastes on a large scale. Bio-tech flavor makers are also increasing their manufacturing capacity and are focusing on supplying them at budget-friendly pricing through the scaling up of these biotechnological processes.
North America's strong demand for natural and clean-label products is contributing to the market growth in the region. Because the region is home to biotechnology enterprises, the market is growing at a noteworthy rate. Owing to the rising demand for flavored foods and beverages, the East Asian market is estimated to provide several lucrative opportunities in the coming years.
For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=10427
Key Takeaways from Market Study:
“Prominent bio-tech flavor companies are investing in R&D activities to generate new and advanced microbial flavors that enhance product offerings and meet evolving customer expectations for distinctive flavors and health benefits,” says a Fact.MR analyst.
Several Beverage Companies Widely Utilizing Bio-Tech Flavors Over Synthetic Ones
A high number of beverage producers are switching from artificial flavors to biotech alternatives derived from plants. The growing demand for natural solutions by consumers is the cause of this shift. Beyond their actual flavor characteristics, bio-tech tastes meet consumer desire for clean-label products free of artificial ingredients.
Biotechnology is enabling the production of unique and complex taste compounds that enhance beverages' sensory characteristics and appeal to a wider range of customers. The need for bio-tech flavors is also driven by the growing popularity of functional beverages, which frequently include bio-active ingredients for health advantages.
Get Customization on this Report for Specific Research Solutions- https://www.factmr.com/connectus/sample?flag=S&rep_id=10427
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the bio-tech flavor market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on form (powder, liquid, paste), flavor type (vanilla & vanillin, fruity, microbial produced, essential oils), and application (food, beverages, nutraceuticals), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
Key Companies Profiled-
Givaudan S.A; International Flavors & Fragrances Inc.; Firmenich SA; Symrise AG; Takasago International Corporation; Sensient Technologies Corporation; Kerry Group; Frutarom Industries Ltd.; BASF SE; Bell Flavors and Fragrances Inc.; Fab Flavour; Janiel Biotech; Garden Flavours Co. Pvt. Ltd.
Industry News-
In April 2024, the biotech business Cultimate Foods, situated in Hannover (Institut fur Technische Chemie, Leibniz Universität Hannover) and Berlin's Biocube, closed its €2.3 million seed round with success. The company plans to grow its operations, commercial partnerships, and production processes.
A new natural product called Isobionics, a brand of BASF Aroma Ingredients, is introduced to the flavor market in 2024. The new product in the Isobionics line, Isobionics Natural beta-Caryophyllene 80, demonstrates the company's dedication to creating natural tastes that are influenced by consumer demand.
Explore More Related Studies Published by Fact.MR Research:
Flavor Enhancers Market: Expected to rise from US$ 3.66 billion (2023) to US$ 6.08 billion (2033) at a CAGR of 5.2%.
Flavor Modulator Market: Projected to grow from US$ 1,670.6 million (2024) to US$ 3,379.6 million (2034) at a CAGR of 7.3%. Liquid flavor modulators to hold 52.7% market share, valued at US$ 880.4 million (2024).
Flavored Milk Market: Forecasted to expand from US$ 6 billion (2023) to US$ 12 billion (2033) at a CAGR of 7%.
Natural Flavor Carrier Market: Dominated by Cargill Inc., Firmenich SA, Givaudan SA, and Sensient Technologies Corporation, holding 55-60% of global revenue share.
Kokumi Flavor Market: Segmented by form (liquid, powder), type (glutathione, gamma-glutamyl-valyl-glycine), and sales channels (modern & online retail), analyzed for 2020-2030.
Beef Flavors Market: Anticipated to grow at a CAGR of 4.5%, driven by increasing demand for meat flavors.
Explore more articles in the Research Reports category
