>
>
Biotech Flavors Market Size - By Form, By Flavor Type, By Application & Forecast, 2024-2032
Download Free PDF

Biotech Flavors Market
Get a free sample of this reportGet a free sample of this report Biotech Flavors Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2023
Companies covered: 10
Tables & Figures: 172
Countries covered: 22
Pages: 200
Download Free PDF
Biotech Flavors Market Size
The global biotech flavors market size was valued at USD 1.5 billion in 2023 and is expected to grow at 8.4% CAGR from 2024 to 2032. Due to the rising popularity of healthy and natural food products among consumers, the global market has been developing. Over the last decade, there has been a move away from synthetic flavors to more naturally extracted flavorings. The formulation of biotechnology is highly governed by the advancement of technology, which enables expansion in the biotechnological methods of flavor production.
This shift is largely pushed by health and environmental concerns among the consumers in developed economies, where there is already strong demand for these flavors. Clean label products have become more desirable, which means that a lot of food and beverage manufacturers have had to abandon the use of artificial ingredients or additives. With these growing health concerns, it is said that biotech flavors will have supportive importance for the growth of the industry.
Now biotechnology is allowing for the greater use of fermentation techniques to produce bio flavors for food. It allows for the use of modified microorganisms that can manufacture standard flavor components at a lower cost than harvesting them from the environment. This technology lowers the ecological footprint while ensuring a constant supply of flavoring ingredients that are economically favorable for large scale production.
In addition, as the population is shifting towards increased consumption of plant-based foods, there is a big opportunity in biotech flavors specifically designed for these food types. This is also a very attractive opportunity for flavor producers focusing on vegan and natural products.
The merging of technology with flavoring manufacturing processes is transforming the business world. The food industry is undergoing a revolution with the help of genetic engineering, synthetic biology, and precision fermentation. This helps businesses of all sizes to create non-expensive and eco-friendly flavors that are close to nature.
Biotech Flavors Market Trends
The market for biotech flavors has greatly evolved within the last decade, seeking multi-million-dollar revenues. Before it used to target a niche segment of regulated consumers, but there has been tremendous growth in the last few years. This shift is attributed to two factors, namely increased awareness of the consequences of traditional crops such as vanilla and citrus, and strict legal enforcement on synthetic flavors. Because of this, big players within the food and beverage sector are making huge investments in biotech flavors, which is in line with their innovation and sustainability objectives.
The USDA claims that natural and organic foods have been growing at an annual rate of 12% for the past five years. Meanwhile, within the European Commission, clean label products increased in market share by 15% from 2018 to 2023. These numbers highlight the growth in popularity of natural flavor and later demand of biotech flavor.
Biotech Flavors Market Analysis
Liquid biotech flavors form was valued at USD 700 million in 2023, and it is anticipated to expand at an 8.8% of CAGR during 2024-2032. Liquid biotech concentrates are highly favored due to their easy use in numerous applications such as beverages, dairy and sauces. An additional bonus is the ease of storage and shipment of flavors in liquid form, which ensures that there will be little to no waste at the end user and lowers the costs to ship.
This is also important for manufacturers, as he or she can measure and dilute the flavors during the blending process, without having to worry about using a flavoring pump to extract the desired amount from the container after it is mixed. Furthermore, the liquid flavors are favored in the beverage industry because these can be blended with other ingredients without modifying the consistency of the drink.
Fruits biotech flavors market segment attained a value of USD 600 million in 2023. The demand for flavored fruits is growing rapidly, mainly due to growing health consciousness among consumers. There is high consumption of citrus fruits, berries and tropical fruits in soft drinks, dairy products and even in baking industries.
Along with the shift of consumers towards the plant-based, and functional foods, the demand of natural fruit flavor has increased with time due to consumers' demand for healthier and real taste of food experience. The demand for hydroxylated flavors among marketers is increasing because them are much more versatile than traditional flavors.
The biotech flavors arket from food and beverages segment achieved a value of USD 900 million in 2023. Biotechnology flavors dominate the food & beverages industry and are expected to gain more share in other industries as well.
In this field, the biotechnology flavors not only improve the product's flavor but also aid in meeting the increasing need for clean labeling. In addition, the biotech industry assists food manufacturers in overcoming the issues related to the limited availability and ecological safety of the natural flavoring components.
North America biotech flavors market generated USD 500 million in 2023. North America and Europe still lead the market on account of the high demand for clean label products alongside tighter controls encouraging the use of natural ingredients in foods and beverages. The US is leading within the North American region, owing to the developed food and beverage industry and increasing concern for the use of natural and biotech flavors in North America. The competition in the market is keen with established international companies and new biotech companies fighting for market share.
Biotech Flavors Market Share
The strengthening interest of consumers in more natural tastes has compelled leading companies to take a proactive approach on a number of fronts. To growth within specialized lines, it is also characteristic of large companies to engage in mergers, takeovers, and other strategic cooperation which broaden the scope of the company.
For example, some of the market leaders now have the ability to perform biotechnological flavoring on a significantly higher scale because of the major investments and acquisitions made in the flavor and fragrance industry. It is logical that they who have the greatest breadth of products are also the leaders in the market for biotechnology produced flavors.
Givaudan, an in-depth interviewee, has been described as having funded comprehensive the research into the development of biotechnology for the natural flavors market so as to also bolster his position in it.
Biotech Flavors Market Companies
Top companies operating in the biotech flavors industry include:
Biotech Flavors Industry News
The biotech flavors market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue and volume (USD Million) (Tons) from 2021 to 2032, for the following segments:
Click here to Buy Section of this Report
Market, By Form
Market, By Flavor Type
Market, By Application
The above information is provided for the following regions and countries: