Biotech Flavor Market To Hit Value $57.7 Billion By 2025 |Grand View Research, Inc.


The global biotech flavor market size is expected to reach USD 57.7 billion by 2025, expanding at a CAGR of 7.0% from 2019 to 2025, according to a new report by Grand View Research, Inc. Growing awareness regarding nutritional benefits such as stimulation of appetite and content of citric acid to boost immune and rising health consciousness are expected to drive the market in the next few years.
The Biotech Flavors market is witnessing a significant rise in demand globally, mainly through online channels. Will the suppliers be able to keep up with this massive surge in demand? Our team is working to account for this rapid surge in our estimates. The report will account for Covid19 as a key market contributor.
Growing penetration of natural flavoring due to advancement in various types of beverages has been driving the demand for the global market. Beverages infused with biotech flavors help in boosting energy level, metabolism, and other bodily functions. Flavors such as lemon and cucumber help in stimulating liver functions and strengthening veins. Growing trend of convergence between biotech and nutraceuticals driven by increasing application of ingredients claims to have various health benefits. For instance, Robertet introduced Xtreme Flavors with high impact, true fruit, authentic, and natural flavoring that can be infused in various beverage preparations. Some of the flavors include plum and plum sugar, pear, watermelon, and apple.
The powder form held the largest market share and generated a revenue of USD 17.1 billion in 2018. This segment consists of energy drinks powder, yogurt powder, butter powder, and others with features that are applicable in maintaining health. The liquid form is expected to expand at a CAGR of 7.4% over the forecast period. Growing awareness and popularity of liquid form due to its wide usage in beverages such as fruits and vegetables juices, energy drinks, and sodas with the respective taste preference is the key factor driving the segment demand.
Vanilla flavor accounted for the largest market share with a revenue of USD 17.8 in 2018. This flavoring is mostly used in food products due to its benefits such as powerful antioxidant, antibacterial, anti-inflammatory, and cholesterol stabilizers. Fruity flavor is expected to register a CAGR of 7.3% in the forecast period due to increased application in the form of jams and growing research and development expenditure in the respective market. Consumers are demanding healthier options for food spreads and fillings, which, in turn, has driven the demand for fruity flavors.
Major market players have been significantly carrying out research and development to make these products available according to the needs of consumers. For instance, IFF Inc. derives natural ingredients from flowers, fruits, and botanical products with the help of specialized drying technology by eliminating water with best taste, nutrition, and color matrix intact in juice drinks, carbonated beverages, candy chewing gum, yogurt, ice cream, and cheese.
Key players in the global market include Givaudan; Firmenich SA; IFF Inc.; Symrise AG; Wild Flavors; Takasago International Corporation; Mane Flavors; Frutarom; Sensient Technology Ltd.; and Roberetet.
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North America was the largest regional market with a revenue of USD 14.2 billion in 2018. The region is expected to maintain its lead over the forecast period. Increasing preference for healthy ready to eat and drink products in U.S. is expected to drive the companies to develop more of biotech flavor infused consumables. Growing consumption of packaged food is another driver for the market growth in the region.
Further key findings from the study suggest:
·         By type, fruity flavor is expected to register a CAGR of 7.3% from 2019 to 2025
·         The powder form segment dominated the global market and accounted for 47.6% share of the overall revenue in 2018
·         North America dominated the market in 2018 and generated a revenue of USD 14.2 billion. This trend is projected to continue over the next few years
·         Asia pacific is expected to witness a rise in product demand on account of increase in awareness and adaptability to technological advancement that could majorly benefit health by tracking status in prior
·         The biotech flavor market is highly competitive in nature due to presence of the main players including Givaudan
·         Various manufacturers are concentrating on new product launches and capacity expansion to estimate existing and future demand patterns from upcoming product segments.
The global biotech flavor market size was valued at USD 36.0 billion in 2018 and is expected to register a CAGR of 7.0% from 2019 to 2025. Increasing production of flavor compounds with the help of biotech methods as a substitute for organic synthesis is supporting the manufacturing of healthier food products. Growing consumer preference for natural and chemical free food is expected to drive the manufacturers to infuse biotech flavors, thereby spurring the growth of the global market.
Advancement in food flavors driven by the demand for natural formulations is anticipated to drive the global market. In addition, consumer awareness about ill effects of synthetic ingredients is likely to boost the market growth in the next few years. Growing penetration of natural flavoring due to advancement in various types of beverages has been driving the demand for the global market. Beverages infused with biotech flavors help boost energy level, metabolism, and other bodily functions. Flavors such as lemon and cucumber help in stimulating liver functions and strengthening veins.
Growing trend of convergence between biotech and nutraceuticals driven by increasing application of ingredients claims to have various health benefits. For instance, Robertet introduced Xtreme Flavors with high impact, true fruit, authentic, and natural flavoring that can be infused in various beverage preparations. Some of the flavors are plum and plum sugar, pear, watermelon, and apple.
Countries such as U.K., India, and China witnessed an increase in demand for biotech flavor due to increasing shift in preferences for natural intakes than chemical ones. However, low shelf life and issues pertaining to their stability are some of the factors challenging this industry. Ennolys, a Europe based company, launched a natural vanilla flavoring, obtained by biotransformation of ferulic acid found from certain cereals.
Browse Press Release of this report:                                
https://www.grandviewresearch.com/press-release/global-biotech-flavor-market
Grand View Research has segmented the global biotech flavor market on the basis of type, application, form:
Biotech FlavorType Outlook (Revenue, USD Billion, 2015 - 2025)
·         Vanilla
·         Fruity
·         others
Biotech FlavorApplication Outlook (Revenue, USD Billion, 2015 - 2025)
·         Dairy
·         Bakery & Confectionery
·         Beverage
·         Nutraceuticals
·         Others
Biotech FlavorForm Outlook (Revenue, USD Billion, 2015 - 2025)
·         Liquid
·         Powder
·         Paste
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




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