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Biotech Flavor Market by Type ( Microvascular Angina, Vanilla, Fruity, Sweet, Savory, and Others), By Application (Food, Detergents, Cosmetic, Nutraceuticals, Beverages, and Others), and Forecast Data, Market Share, In-Depth Analysis, country, And Detailed Overview, and Forecast, 2022 to 2027

Published: January, 2022
ID: 12103
Pages: 140

Biotech Flavor Market Growth and Forecast (2022-2027):

Biotech Flavor Market size was at USD 602.4 million in 2021 and is anticipated to reach USD 977.37 million in 2027, registering a CAGR of 8.4% during 2022 - 2027.

Market Overview:

Flavors in prehistoric times were produced by removing different parts of plants and subtracting or perfuming them. Today, many diverse approaches are used to make flavors, for example, flavors formed by chemical engineering. The flavors are widely used in various food, food, chemical, cosmetic and pharmaceutical industries globally. Most aromatic chemicals are generally obtained from different animal and plant origins. Modern biotechnology is forcing to improve the yield, the taste, the shelf life of the shell, as well as the nutritional values ​​of the food. 

The takeover offer comes after several signs that the local company was struggling to stay afloat, including demands from shareholders that Senomyx Chairman Kent Snyder resign earlier this year due to prolonged financial difficulties of the company. Senomyx's stock price has declined steadily by more than 90% since its peak in 2005, falling to penny-stock status for much of 2018. The company's buyer, Firmenich, agreed to buy Senomyx for $ 1. , $ 50 per share. Originally announced in September, that purchase price was a 45-cent premium over the then-$ 1.05 stock price.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

8.4%

Segments Covered

By Application, Type and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Frutarom Industries Ltd, Givaudan S.A , Kerry Group, Sensient Technologies Corporation, Takasago International Corporation , Symrise AG , Firmenich SA , International Flavors & Fragrances and Others.

Drivers and Restraints:

Increasing demand for spicy flavors is expected to provide potential growth opportunities during the forecast period.

Weather conditions can lead to an irregular supply of raw materials due to violation of seasons or crops, and political instability are some of the main factors driving demand for the production of flavors through biotechnological processes because this technology can overcome such challenges and also reduce the cost of flavor, thus driving the growth of the Biotech Flavor Market. The increasing number of players entering the biotech flavor market is expected to be one of the main drivers of the Biotech Flavor Market.

For example, in May 2019, Doritos launched a new hot wings flavor. The tasty new Spicy Wings flavor is the latest Doritos invention that will see the group enter the meat flavor segment, pushing the boundaries of corn snacks.

Therefore, the larger launch of this hot pepper hot flavor is expected to drive the growth of the Biotech Flavor Market during the forecast period.

For example, in September 2016, United Spirits, India's largest spirits company, launched the country's first flavored whiskey to target beer drinkers who find the usual drink too strong or overwhelming. The new brand, Silk, a honey-flavored beverage from McDowell's portfolio, is the first subsequent product launch.

Therefore, the increasing demand for flavored alcoholic beverages is expected to promote market growth. The short shelf life of biotech flavorings is expected to hamper the growth of the biotech flavor market. Biotech flavors have a shorter shelf life because they do not contain artificial preservatives that increase shelf life, and the average shelf life of biotech products is around six months to a year. Therefore, the shorter shelf life of biotech-based flavorings is expected to restrict adoption by all consumers, thus limiting the market growth.

Additionally, biotech flavors are comparatively more expensive than artificial flavors due to the high costs associated with the processing, production, and preservation of natural and biotech flavors that are expected to restrict demand for biotech flavors. This factor is expected to hamper the growth of the Biotech Flavor Market during the forecast period.

Biotech Flavor Market Segmentation Analysis:

Type:

  • Microvascular Angina
  • Vanilla
  • Fruity
  • Sweet
  • Savory 
  • Others

Among these, vanilla accounted for the largest market share in 2019 due to the various pastry and confectionery products used to celebrate its market growth during the 2020-2025 forecast period. Also, the use of ricotta cheesecakes containing ricotta cheese is considered as light as any other cheese. In addition, it is healthy because it contains nutrients such as protein, phosphorus, vitamin A, vitamin B, and zinc.

Application:

  • Food
  • Detergents
  • Cosmetic 
  • Nutraceuticals
  • Beverages
  • Others

Beverages are expected to be one of the fastest-growing biotech flavor segments due to increased beverage consumption worldwide. Additionally, lifestyle changes and people's preference for energy drinks, fruit juices, and their nutritional benefits are contributing to their market growth. In addition, the consumption of beverages such as milk is an excellent source of protein-rich nutrients necessary to strengthen bones and teeth. Calcium is also important for strengthening bone conditions like osteoporosis and arthritis.

Impact of COVID-19 on Biotech Flavor Market:

The global coronavirus pandemic has created a number of challenges for exporters from developed and developing countries. Challenges for stakeholders involved in Biotech Flavors marker are likely to prevail due to widespread restrictions around the world. Increasing the shelf life of natural and fruity flavors is a real challenge to accelerate the growth of the global market for biotech flavors. Most of the time, vanilla and vanillin flavors are not used in carbonated beverages due to reaction problems. This is another factor limiting the growth of the world market for biotech flavorings in terms of value. Therefore, the COVID-19 epidemic has had a negative impact on the Biotech Flavors Market in 2020.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

In 2018, North America accounted for the largest share of 39.5% in terms of revenue. Demand for the product is increasing in the United States due to the increasing penetration of these products, rapid adoption, increasing awareness and popularity of the benefits of the product, and the presence of large suppliers of biotech flavorings, such as IFF and Sensient Technologies Ltd. This, in turn, will drive market growth in North America.

Asia-Pacific is expected to become the fastest-growing regional market with a CAGR of 7.4% due to increasing health and wellness. Consumers are willing to spend money on flavored biotech ingredients rather than synthetic chemical ingredients because these products are compatible with the body without causing harm. Increasing health awareness and awareness of the negative health effects of artificial food flavors, along with the benefits of natural flavors in countries like India and China, has led to increased demand for biotech flavors.

Europe was third the largest Biotech Flavor Market in 2015. Latin American is anticipated to make substantial opportunities for companies operating in the Biotech Flavor Market.

The Middle East and Africa are some of the main emerging regions, which will generate significant opportunities in the Biotech Flavor Market during the anticipated period due to the Advances in various types of beverages that have stimulated demand in the world market. Biotech-flavored infused drinks help boost energy levels, metabolism, and other bodily functions. Flavors like lemon and cucumber help stimulate liver function and strengthen veins.

Leading Company:

Givaudan S.A. had the largest share of the Biotech Flavor Market in terms of sales revenue in 2021.

Key Players in the Market:

Major Key Players in the Global Biotech Flavor Market are

The Biotech Flavor Market is concentrated with well-established players. Key players in the Biotech Flavor Market include Frutarom Industries Ltd., Givaudan S.A, Kerry Group, Sensient Technologies Corporation, Takasago International Corporation, Symrise AG, Firmenich SA, and International Flavors & Fragrances.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Biotech Flavor Market, By Type                         

                                6.1.1 Microvascular Angina         

                                6.1.2 Vanilla       

                                6.1.3 Fruity        

                                6.1.4 Sweet       

                                6.1.5 Savory       

                                6.1.6 Others      

                                6.1.7 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.1.8 Y-o-Y Growth Rate Analysis              

                                6.1.9 Market Attractiveness Index           

                6.2 Biotech Flavor Market, By Application                             

                                6.2.1 Food          

                                6.2.2 Detergents             

                                6.2.3 Cosmetic  

                                6.2.4 Nutraceuticals       

                                6.2.5 Beverages

                                6.2.6 Others      

                                6.2.7 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.2.8 Y-o-Y Growth Rate Analysis              

                                6.2.9 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Biotech Flavor Market, by Region                    

                7.2 North America - Market Analysis (2022 - 2027)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Application       

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Application       

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Application       

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Application       

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Application       

8. Key Player Analysis                                    

                8.1 Frutarom Industries Ltd                         

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Givaudan S.A                             

                8.3 Kerry Group               

                8.4 Sensient Technologies Corporation                  

                8.5 Takasago International Corporation                 

                8.6 Symrise AG                 

                8.7 Firmenich SA                             

                8.8 International Flavors & Fragrances                   

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Biotech Flavor Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  3. Global Microvascular Angina Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Vanilla Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Fruity Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global Sweet Market By Region, From 2022 - 2027 ( USD Billion )
  7. Global Savory  Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Others Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  10. Global Food Market By Region, From 2022 - 2027 ( USD Billion )
  11. Global Detergents Market By Region, From 2022 - 2027 ( USD Billion )
  12. Global Cosmetic  Market By Region, From 2022 - 2027 ( USD Billion )
  13. Global Nutraceuticals Market By Region, From 2022 - 2027 ( USD Billion )
  14. Global Beverages Market By Region, From 2022 - 2027 ( USD Billion )
  15. Global Others Market By Region, From 2022 - 2027 ( USD Billion )
  16. North America Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  17. North America Microvascular Angina Market By Region, From 2022 - 2027 ( USD Billion )
  18. North America Vanilla Market By Region, From 2022 - 2027 ( USD Billion )
  19. North America Fruity Market By Region, From 2022 - 2027 ( USD Billion )
  20. North America Sweet Market By Region, From 2022 - 2027 ( USD Billion )
  21. North America Savory  Market By Region, From 2022 - 2027 ( USD Billion )
  22. North America Others Market By Region, From 2022 - 2027 ( USD Billion )
  23. North America Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  24. North America Food Market By Region, From 2022 - 2027 ( USD Billion )
  25. North America Detergents Market By Region, From 2022 - 2027 ( USD Billion )
  26. North America Cosmetic  Market By Region, From 2022 - 2027 ( USD Billion )
  27. North America Nutraceuticals Market By Region, From 2022 - 2027 ( USD Billion )
  28. North America Beverages Market By Region, From 2022 - 2027 ( USD Billion )
  29. North America Others Market By Region, From 2022 - 2027 ( USD Billion )
  30. United States Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  31. United States Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  32. Canada Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  33. Canada Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  34. Europe Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  35. Europe Microvascular Angina Market By Region, From 2022 - 2027 ( USD Billion )
  36. Europe Vanilla Market By Region, From 2022 - 2027 ( USD Billion )
  37. Europe Fruity Market By Region, From 2022 - 2027 ( USD Billion )
  38. Europe Sweet Market By Region, From 2022 - 2027 ( USD Billion )
  39. Europe Savory  Market By Region, From 2022 - 2027 ( USD Billion )
  40. Europe Others Market By Region, From 2022 - 2027 ( USD Billion )
  41. Europe Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  42. Europe Food Market By Region, From 2022 - 2027 ( USD Billion )
  43. Europe Detergents Market By Region, From 2022 - 2027 ( USD Billion )
  44. Europe Cosmetic  Market By Region, From 2022 - 2027 ( USD Billion )
  45. Europe Nutraceuticals Market By Region, From 2022 - 2027 ( USD Billion )
  46. Europe Beverages Market By Region, From 2022 - 2027 ( USD Billion )
  47. Europe Others Market By Region, From 2022 - 2027 ( USD Billion )
  48. U.K. Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  49. U.K. Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  50. Germany Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  51. Germany Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  52. France Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  53. France Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  54. Italy Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  55. Italy Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  56. Spain Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  57. Spain Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  58. Asia Pacific Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  59. Asia Pacific Microvascular Angina Market By Region, From 2022 - 2027 ( USD Billion )
  60. Asia Pacific Vanilla Market By Region, From 2022 - 2027 ( USD Billion )
  61. Asia Pacific Fruity Market By Region, From 2022 - 2027 ( USD Billion )
  62. Asia Pacific Sweet Market By Region, From 2022 - 2027 ( USD Billion )
  63. Asia Pacific Savory  Market By Region, From 2022 - 2027 ( USD Billion )
  64. Asia Pacific Others Market By Region, From 2022 - 2027 ( USD Billion )
  65. Asia Pacific Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  66. Asia Pacific Food Market By Region, From 2022 - 2027 ( USD Billion )
  67. Asia Pacific Detergents Market By Region, From 2022 - 2027 ( USD Billion )
  68. Asia Pacific Cosmetic  Market By Region, From 2022 - 2027 ( USD Billion )
  69. Asia Pacific Nutraceuticals Market By Region, From 2022 - 2027 ( USD Billion )
  70. Asia Pacific Beverages Market By Region, From 2022 - 2027 ( USD Billion )
  71. Asia Pacific Others Market By Region, From 2022 - 2027 ( USD Billion )
  72. Japan Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  73. Japan Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  74. China Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  75. China Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  76. India Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  77. India Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  78. Australia Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  79. Australia Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  80. South Korea Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  81. South Korea Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  82. Latin America Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  83. Latin America Microvascular Angina Market By Region, From 2022 - 2027 ( USD Billion )
  84. Latin America Vanilla Market By Region, From 2022 - 2027 ( USD Billion )
  85. Latin America Fruity Market By Region, From 2022 - 2027 ( USD Billion )
  86. Latin America Sweet Market By Region, From 2022 - 2027 ( USD Billion )
  87. Latin America Savory  Market By Region, From 2022 - 2027 ( USD Billion )
  88. Latin America Others Market By Region, From 2022 - 2027 ( USD Billion )
  89. Latin America Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  90. Latin America Food Market By Region, From 2022 - 2027 ( USD Billion )
  91. Latin America Detergents Market By Region, From 2022 - 2027 ( USD Billion )
  92. Latin America Cosmetic  Market By Region, From 2022 - 2027 ( USD Billion )
  93. Latin America Nutraceuticals Market By Region, From 2022 - 2027 ( USD Billion )
  94. Latin America Beverages Market By Region, From 2022 - 2027 ( USD Billion )
  95. Latin America Others Market By Region, From 2022 - 2027 ( USD Billion )
  96. Brazil Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  97. Brazil Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  98. Argentina Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  99. Argentina Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  100. Mexico Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  101. Mexico Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  102. Rest of Latin America Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  103. Rest of Latin America Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  104. Middle East and Africa Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  105. Middle East and Africa Microvascular Angina Market By Region, From 2022 - 2027 ( USD Billion )
  106. Middle East and Africa Vanilla Market By Region, From 2022 - 2027 ( USD Billion )
  107. Middle East and Africa Fruity Market By Region, From 2022 - 2027 ( USD Billion )
  108. Middle East and Africa Sweet Market By Region, From 2022 - 2027 ( USD Billion )
  109. Middle East and Africa Savory  Market By Region, From 2022 - 2027 ( USD Billion )
  110. Middle East and Africa Others Market By Region, From 2022 - 2027 ( USD Billion )
  111. Middle East and Africa Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  112. Middle East and Africa Food Market By Region, From 2022 - 2027 ( USD Billion )
  113. Middle East and Africa Detergents Market By Region, From 2022 - 2027 ( USD Billion )
  114. Middle East and Africa Cosmetic  Market By Region, From 2022 - 2027 ( USD Billion )
  115. Middle East and Africa Nutraceuticals Market By Region, From 2022 - 2027 ( USD Billion )
  116. Middle East and Africa Beverages Market By Region, From 2022 - 2027 ( USD Billion )
  117. Middle East and Africa Others Market By Region, From 2022 - 2027 ( USD Billion )
  118. Middle East Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  119. Middle East Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )
  120. Africa Biotech Flavor Market By Type, From 2022 - 2027 ( USD Billion )
  121. Africa Biotech Flavor Market By Application, From 2022 - 2027 ( USD Billion )

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