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Biotech-Flavors Market By Flavor Type (Vanilla, Fruity Flavor, Microbial Produced Flavor, Essential Oils), By Application (Food, Beverage, Pharmaceuticals) - Growth, Future Prospects And Competitive Analysis, 2016 - 2023

This report, titled "Biotech-flavors Market: Growth, Future Prospects, and Competitive Analysis, 2016–2023," offers strategic insights into the trends in the biotech-flavors market along with the market size and forecast for the duration of 2013–2023. The said research study incorporates an in-depth analysis of multiple market segments based on flavor type, application, and geographical distribution.

The global biotech-flavors market is becoming more competitive as players develop new products to maximize their capabilities and establish an international presence. In addition, several players are also focused on developing niche products for the market. The rapid growth of this market has also resulted in the creation of further skilled job opportunities in major hubs spread across North America, Asia Pacific, and Europe.

Based on flavor type, the global biotech-flavors market is categorized into vanilla, fruity flavors, microbially produced flavors, essential oils, and others. On the basis of application, the global biotech-flavors market is segmented into food, beverage, and nutraceuticals. In addition, food companies are the major clients for these flavors. The market size and forecast for all the segments considered are presented in this report for the period 2013–2023, along with their respective CAGRs for the forecast period 2016–2023 in terms of value).

In terms of geographical distribution, the global biotech flavors are studied for five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods.

To clarify further, the geographical distribution of the global biotech-flavors market is as follows:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Asia-Pacific region
  • Middle East and Africa
  • Latin America 

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary, for the global biotech-flavored food market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with the company profiles section. This section includes major information about the key companies engaged in the development and provision of biotech flavors.

On the basis of flavor type, the biotech-flavors market is categorized into the following types:

  • Vanilla
  • Fruity Flavor
  • Flavor Made by Microbes
  • Essential Oils
  • Others

The biotech-flavors market is segmented on the basis of flavor types, such as fruity flavor, vanilla, microbially produced flavor, essential oils, and others. In 2015, the vanilla segment contributed the highest revenue share of the total biotech flavors market. The segment is anticipated to expand at a robust CAGR until 2023. Higher demand for vanilla and its related flavors in the production of protein powder, snacks, and protein-related drinks is expected to spur the growth of the biotech flavors market over the forecast period. A change in lifestyle, along with a busy work schedule, is expected to expand the market for biotech flavors all across the globe over the forecast period.

On the basis of application, the biotech-flavors market is categorized into the following types:

  • Food
  • Beverage
  • Nutraceuticals

The biotech-flavors market is also segmented on the basis of applications, such as beverages, food, and nutraceuticals. In 2015, the food segment contributed the most to the total revenue of the biotech-flavors market. The segment is expected to expand at a stupendous compound annual growth rate over the forecast period. Rising demand for biotech flavors in order to increase the production of dairy products, chocolate and confectionery, biscuits, and ice creams is anticipated to bolster the growth of the segment over the forecast period. Apart from this, increasing demand for processed food is expected to expand the food segment over the forecast period.

On the basis of geography, the global biotech-flavors market is segmented into the following categories:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Latin America (LATAM)

It has been observed that consumers are becoming more concerned about their health. This has emphasized the need for manufacturers to look beyond the development of products that will enhance the strength and vitality of consumers. Thus, rising consumer interest in such products, as well as a shift in consumer attitudes toward processed foods, are expected to drive the growth of the biotech flavors market from 2016 to 2023. The global biotech-flavors market is segmented on the basis of geography. In 2015, the Asia Pacific region contributed more than 30% of the total revenue share in the biotech flavors market.

Following it, Europe finished second that year. Higher health awareness and consciousness, higher preferences for a low-fat, low-salt, and low-carbohydrate diet, and high population spending in these developed regions are anticipated to contribute to a double-digit growth rate in Asia and Latin American countries during the projected period. Asia Pacific is anticipated to have a higher growth rate due to rising health awareness and the changing lifestyles of people all over the world.

Frequently Asked Questions:

The market for Biotech-Flavors Market is expected to reach US$ 1,860.9 Mn By 2023.

The Biotech-Flavors Market is expected to see significant CAGR growth over the coming years, at 10.9%.

The report is forecasted from 2016-2023.

The base year of this report is 2015.

Givaudan S.A., Firmenich SA, Symrise AG, Kerry Group Plc are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Dec 2016
Category:  Food & Beverage
Report ID:   58286
Report Format:   PDF
Pages:   120
Rating:    4.5 (60)
Delivery Time: 24 Hours to 48 Hours   
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