Global Biotech Flavors Market: Overview
Transparency Market Research (TMR) offers an eight-year forecast for the global biotech flavors market between 2016 and 2024. The main objective of the report is to offer insights on the advancements in the biotech flavors market. The study demonstrates market dynamics that are expected to influence the current environment and future status of the global biotech flavors market over the forecast period. The report aims to offer updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global biotech flavors market.
Rising health consciousness among consumers has resulted into increased preference for natural ingredients among consumers worldwide. High consumer awareness regarding the nutritional benefits of biotech flavors is expected to contribute significantly to the revenue growth of biotech flavors market. Additionally, biotech processes such as plant tissue culture, microbial fermentation, and bio-conversion enable conversion of fruits and vegetable ingredients into flavors without having any adverse impact on its nutritional value, and thus can be considered relatively more natural than chemically synthesized flavors.
Global Biotech Flavors Market: Scope of the Study
A section of the report discusses how the overall competition in the market is steadily increasing. It discusses various factors shaping the internal as well as external competition in the market. Overall internal competition in the biotech flavors market is observed to be comparatively high owing to a large number of major providers of biotech flavors and increasing number of small domestic players in the market. The global biotech flavors market is facing external competition from producers & distributors of raw material and other food processors, who are adopting forward and backward integration strategies, and developing their own facilities to produce biotech flavors. Various barriers to entry in the industry are analyzed and rated on the basis of their impact on the competition level in the market.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze on the basis of key parameters such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and identify the right opportunities.
Another key feature of this report is the analysis of all key segments in terms of absolute dollar. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global biotech flavors market.
Global Biotech Flavors Market: Segmentation
The report analyzes the global biotech flavor market on the basis of the flavor, form, and the application area of these flavors. It also provides a market outlook for 2016–2024 and sets the forecast within the context of the biotech flavor ecosystem, including strategic developments, latest regulations, and new product offerings in the global biotech flavor market.
On the basis of flavor, the global biotech flavor market is segmented into vanilla and vanillin, fruity flavor, and others. Vanilla and vanillin is expected to be the leading segment in the global biotech flavors market during the forecast period. On the basis of nature, the global biotech flavor market is segmented into liquid, powder, and paste. Powder form is expected to be the leading segment in the global biotech flavors market during the forecast period. On the basis of applications, the global biotech flavors market is segmented into dairy products, beverages, confectionery products, non-dairy ice cream, bakery products, nutraceuticals, and others. Beverages expected to contribute significantly to the revenue growth of the global biotech flavor market.
The study further discusses key region trends contributing to growth of the global biotech flavor market, as well as analyzes the degree to which drivers are influencing the market in each region. Key regions assessed in this report include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA).
Global Biotech Flavors Market: Competitive Landscape
In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Key categories of providers covered in the report are biotech flavor suppliers, manufacturers, and a list of major retailers. Detailed profiles of the providers are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings, and recent developments in the biotech flavors market.
Key players in the global biotech flavor market report include Givaudan, Sensient Technologies Corporation, Bell Flavors and Fragrances, Symrise AG, International Flavors & Fragrances, Inc., Takasago International Corporation, Frutarom Industries Ltd., Naturex group, Firmenich S.A., and Kerry Group Plc.
The global flavors market is segmented into:
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