Global
Biotech Flavour Market: Overview
Biotech
flavors have been developed as an alternative for organic synthesis
of flavors. Escalating growth has been observed in flavor and
fragrances industry in the recent times. With robust innovation in
the area of biotechnology has led to the development of flavoring
compound using microorganisms. As these flavors are produced through
the involvement of microorganisms, hence are categorised as natural.
over the chemically synthesised flavours. Thus biotech flavors market
is playing a significant role in the revolution of flavors and
fragrances industry.
Biotech
flavors market
has given the boost to the food industry, as the manufacturers can
profoundly modifying the nutrient value of their products without
compromising the taste. Due to the upwelling trend in the biotech
flavors market, it has led to the identification of a new biochemical
process for the exploitation of new enzymatic synthesized flavors.
Although flavors are also extracted naturally from plants and animal
sources but the concentration of these flavors obtained is very low,
thus has led to the rapid shift of the flavors industry towards bio
catalyzed flavors through the strains of micro-organisms.
Global
Biotech Flavour Market: Drivers and Restraints
An
increase in the demand for natural and organic food by the health
conscious consumers has greatly impacted the growth of biotech
flavors market. Moreover, with improved biocatalysts engineering
techniques, innovation in the food industry and use of novel
ingredient have led to the increase in the production of biotech
flavors. The extraction of the flavors from the microbial strains has
the better concentration of the extracts as that obtained from animal
and plant source. Thus providing an opportunistic platform for the
growth of biotech flavors market.
However,
isolation and purification of organisms require specific growth
conditions, hence the extraction of flavors involves high
manufacturing cost. Thus may hamper the growth of biotech flavors
market. Moreover, strenuous governmental guidelines are to be
followed by the flavors and fragrances industry which adhere to the
environmental and consumer safety. Thus may limit the use of use of
the microbial strains used for the extraction of desired biotech
flavors in the biotech flavours market. Although, the multitude of
microbial is used for the production of biotech flavors, the
concentration obtained from some of these microbial is customarily
too low for industrial applications, thereby hindering the growth of
the market.
Global
Biotech Flavour Market: Segmentation
On
the basis of end use industry, biotech flavors market is segmented
into:-
- Food & Beverage industry
- Pharmaceutical industry
- Personal care industry
On
the basis of flavors, biotech flavors market is segmented into:-
- Sweet
- savoury
- cooling
- Bitter
On
the basis of product type, biotech flavors market is segmented into:-
- Valencene
- Vanillin
- Nootkatone
Global
Biotech Flavour Market: Region Wise Outlook
The
global biotech flavors market is categorized into seven regions,
namely, Western Europe, Eastern Europe Middle East and Africa (MEA),
Asia Pacific excluding Japan (APEJ), , Japan Latin America and, North
America.
Asia-Pacific
is expected to witness a behemoth growth in the biotech flavors
market due to shift in the consumer's consumption pattern along with
demand for products which are either natural or organic in nature.
India and China are considered to the opportunistic market for the
growth of biotech flavors as consumers are adopting an experimental
attitude towards fragrances and flavors. With the enhancement of
biotechnology industry, an increase in demand for biocatalyst
products has been observed in North America and European regions.
North America is considered to be the leading players in terms of
consumption of biotech flavors.
Global
Biotech Flavour Market: Key Players
Some
of the key players identified in the global biotech flavours market
includes:
- Senomyx, Inc.
- Amyris, Inc.
- Evolva Holding SA
- Isobionics B.V.
- Symrise A.G
- Firmenich S.A
- Givaudan SA
- Takasago International Corporation
- International Flavors & Fragrances Inc.
- Mane Inc.
- Advanced Biotech. Inc.
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