Global Bio-Tech Flavors Market Research Report 2022

Biotech flavors market is a consolidated market with a growing list of players keeping pace in this high-growth market. It is customary to add preservatives and colorants to food products to increase shelf-life of products and keep freshness intact which are highly inadvisable. Segmentation of biotech flavors market by flavor type includes vanilla and vanillin. Biotech flavors is one-up in this regard thanks to accompanying health advisories with biotech flavors that is a strong reason for adopting biotech flavors in your food that stands in complete disagreement to health hazards manifested by artificial favors. Vanilla and vanillin segment is broken down into protein bars, snacks, powder and protein drinks. Segmentation of biotech flavors market by application includes food application segment, beverages segment and neutraceutical segment.
Due to the COVID-19 pandemic, the global Bio-Tech Flavors market size is estimated to be worth US$ 658.8 million in 2021 and is forecast to a readjusted size of US$ 1091.8 million by 2028 with a CAGR of 7.4% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Bio-Tech Flavors market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Bio-Tech Flavors landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Demand for bio-tech flavor is expected to grow at a significant rate over the forecast period, since bio-tech flavor manufacturers are developing new applications that are in the developing phase. Bio-tech flavors provide number of health benefits including enhancement of antioxidant levels, reduces the risk of metabolic disease including obesity and diabetes, which makes the consumer to consume bio-tech flavor based food and beverages over natural and artificial flavors.
This report focuses on Bio-Tech Flavors volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Bio-Tech Flavors market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Bio-Tech Flavors Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Liquid
Powder
Paste
Segment by Application
Dairy Products
Beverages
Confectionery Products
Non-Dairy Ice Cream
Bakery Products
Nutraceuticals
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Givaudan
International Flavors and Fragrances
Firmenich
Symrise
Takasago International Corporation
Sansient Technologies Corporation
Kerry Group

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