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.
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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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