+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Biotech Flavors - Global Market Trajectory & Analytics

  • ID: 4806439
  • Report
  • April 2021
  • Region: Global
  • 290 pages
  • Global Industry Analysts, Inc
Global Biotech Flavors Market to Reach $1.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Biotech Flavors estimated at US$602.4 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2027, growing at a CAGR of 8.4% over the analysis period 2020-2027. Vanilla & Vanillin, one of the segments analyzed in the report, is projected to record a 8.7% CAGR and reach US$490.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fruity segment is readjusted to a revised 8.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $162.7 Million, While China is Forecast to Grow at 12.8% CAGR

The Biotech Flavors market in the U.S. is estimated at US$162.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$243.5 Million by the year 2027 trailing a CAGR of 12.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 7.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.

Other Flavors Segment to Record 6.9% CAGR

In the global Other Flavors segment, USA, Canada, Japan, China and Europe will drive the 6.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$67 Million in the year 2020 will reach a projected size of US$103.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$147.5 Million by the year 2027, while Latin America will expand at a 8.2% CAGR through the analysis period.

Select Competitors (Total 41 Featured):
  • Bell Flavors & Fragrances, Inc.
  • Givaudan SA
  • International Flavors & Fragrances, Inc.
  • Sensient Technologies Corporation
  • Symrise AG
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Biotechnology’s Growing Role in Enabling Flavors to Become Eco-Friendly and Healthier Propels the Global Biotech Flavors Market
  • Exhibit 1: Global Biotech Ingredients Market: Percentage Breakdown of Revenue by Ingredient for 2019 and 2025
  • Asia-Pacific at the Forefront of Growth in Biotech Flavors Market
  • Competition
  • Exhibit 2: Global Biotech Flavors Market: Percentage Breakdown of Sales by Leading Players for 2019E
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Rising Health Consciousness and Increasing Demand for Healthy, Natural Foods Spur Growth in Biotech Flavors Market
  • Exhibit 3: Global Organic Foods Market: Annual Sales in $ Billion for the Years 2018, 2020, 2022 and 2024
  • Increasing Awareness about Health Benefits of Biotech Foods and Biotech Flavors Augur Well for the Market
  • Exhibit 4: Global Packaged Food Market Size in $ Billion for the Years 2018, 2020, 2022 and 2024
  • Growing Demand for Processed Foods and Beverages Translates into Growth of Biotech Flavors Market
  • Biotechnology in Dairy Products: Significant Role in Improving Flavor and Texture
  • Use of Biotechnology in Fermented Dairy Products to Enhance Flavor Profile
  • Evolving Biotechnology Space Presents Considerable Advancements in Food Flavors
  • Bio Vanillin Market: Benefits from the Rising Demand for Healthy and Safe Ingredients
  • PRODUCT OVERVIEW
  • Biotech Flavors
  • Production Methods
  • Biotechnology and Food Processing
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 41
Note: Product cover images may vary from those shown
Adroll
adroll