Market Overview:
The global bio-tech flavors market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for natural and organic products, rising awareness about the benefits of bio-tech flavors, and growing demand from emerging markets. The global bio-tech flavors market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into liquid, powder, and paste. On the basis of application, it is segmented into dairy products, beverages (carbonated drinks and non-carbonated drinks), confectionery products (chocolates and candies), non-dairy ice cream (fruit flavored ice creams), bakery products (cakes/pastries/breads), nutraceuticals (functional foods/nutritional supplements), and others (pet food/animal feed).
Product Definition:
Bio-tech flavors are natural flavors that are extracted from plant or animal sources. They can be used to enhance the flavor of food or beverage products. Bio-tech flavors are important because they provide a more natural alternative to artificial flavors, and they can also be used to mask the taste of undesirable ingredients.
Liquid:
Liquid is a solvent used to dissolve another substance. It can be natural or artificial in nature and is usually produced from petroleum. The most common solvents are water, ethanol, and propylene glycol. They are extensively used in the bio-tech flavors market as they help deliver accurate representation of flavor components with high stability across a wide range of temperatures and pH levels.
Powder:
Powder is a dry solid form of flavoring agent that is made up of organic compounds. It has high boiling point and low water solubility which gives it an edge over other conventional flavoring agents. Powder can be easily processed, packaged and stored as compared to liquid or solution forms. The most commonly used powder flavor in the food & beverage industry is coffee; it’s also used in dairy products, baked goods, alcohol beverages and confectionery among others.
Application Insights:
The global bio-tech flavors market has been segmented on the basis of application into dairy products, beverages, confectionery products, non-dairy ice cream and bakery and other food products. The dairy product segment accounted for a significant share in 2017 owing to increasing demand from countries such as India, China and Brazil. Moreover, rising consumer awareness regarding healthy eating habits is expected to boost the consumption of flavored milk over the forecast period.
Rising demand for sports drinks with enhanced nutritional value is anticipated to promote the use of natural ingredients that provide energy & nutrition benefits along with improved taste. This trend is likely to encourage manufacturers across various regions worldwide in collaboration with fitness professionals and athletes who are promoting these drinks as an effective alternative while training or during competitions. Such factors are projected to fuel market growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing awareness about nutritional products and changing lifestyles. Furthermore, rising disposable income levels in emerging economies such as China and India are anticipated to fuel the demand for nutritional products over the forecast period. Changing consumer preferences towards bio-tech flavors in countries such as Japan, South Korea, Singapore, Thailand and Indonesia is also projected to drive regional growth over the next eight years.
North America accounted for more than 25% of global revenue share in 2017 due its large confectionery industry coupled with growing health & wellness trends across U.S.
Growth Factors:
- Increasing demand for natural and organic flavors: The global market for natural and organic flavors is projected to grow at a CAGR of 6.5% from 2016 to 2021. This growth can be attributed to the increasing demand for healthier food products with clean labels. Bio-Tech Flavors offers a wide range of all-natural and organic flavors that are compliant with USDA, FDA, EU, JAS, and Kosher standards.
- Growing popularity of functional foods: Functional foods are those that offer additional health benefits beyond basic nutrition. They are becoming increasingly popular due to the rising awareness about the importance of good health among consumers worldwide. Bio-Tech Flavors offers a wide range of functional flavors such as probiotic, prebiotic, antioxidant, anti-inflammatory, etc., that help in boosting the nutritional value of food products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bio-Tech Flavors Market Research Report
By Type
Liquid, Powder, Paste
By Application
Dairy Products, Beverages, Confectionery Products, Non-Dairy Ice Cream, Bakery Products, Nutraceuticals, Others
By Companies
Givaudan, International Flavors and Fragrances, Firmenich, Symrise, Takasago International Corporation, Sansient Technologies Corporation, Kerry Group, Givaudan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Bio-Tech Flavors Market Report Segments:
The global Bio-Tech Flavors market is segmented on the basis of:
Types
Liquid, Powder, Paste
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dairy Products, Beverages, Confectionery Products, Non-Dairy Ice Cream, Bakery Products, Nutraceuticals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Givaudan
- International Flavors and Fragrances
- Firmenich
- Symrise
- Takasago International Corporation
- Sansient Technologies Corporation
- Kerry Group
- Givaudan
Highlights of The Bio-Tech Flavors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Liquid
- Powder
- Paste
- By Application:
- Dairy Products
- Beverages
- Confectionery Products
- Non-Dairy Ice Cream
- Bakery Products
- Nutraceuticals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bio-Tech Flavors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bio-Tech Flavors is a company that specializes in developing and manufacturing flavors for food and beverage products. Bio-Tech Flavors' flavors are used in a variety of products, including ice cream, yogurt, cereal, soup, salad dressing, beer and wine.
Some of the key players operating in the bio-tech flavors market are Givaudan, International Flavors and Fragrances, Firmenich, Symrise, Takasago International Corporation, Sansient Technologies Corporation, Kerry Group, Givaudan.
The bio-tech flavors market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bio-Tech Flavors Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Bio-Tech Flavors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Bio-Tech Flavors Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Bio-Tech Flavors Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Bio-Tech Flavors Market Size & Forecast, 2018-2028 4.5.1 Bio-Tech Flavors Market Size and Y-o-Y Growth 4.5.2 Bio-Tech Flavors Market Absolute $ Opportunity
Chapter 5 Global Bio-Tech Flavors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bio-Tech Flavors Market Size Forecast by Type
5.2.1 Liquid
5.2.2 Powder
5.2.3 Paste
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bio-Tech Flavors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bio-Tech Flavors Market Size Forecast by Applications
6.2.1 Dairy Products
6.2.2 Beverages
6.2.3 Confectionery Products
6.2.4 Non-Dairy Ice Cream
6.2.5 Bakery Products
6.2.6 Nutraceuticals
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bio-Tech Flavors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bio-Tech Flavors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bio-Tech Flavors Analysis and Forecast
9.1 Introduction
9.2 North America Bio-Tech Flavors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bio-Tech Flavors Market Size Forecast by Type
9.6.1 Liquid
9.6.2 Powder
9.6.3 Paste
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bio-Tech Flavors Market Size Forecast by Applications
9.10.1 Dairy Products
9.10.2 Beverages
9.10.3 Confectionery Products
9.10.4 Non-Dairy Ice Cream
9.10.5 Bakery Products
9.10.6 Nutraceuticals
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bio-Tech Flavors Analysis and Forecast
10.1 Introduction
10.2 Europe Bio-Tech Flavors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bio-Tech Flavors Market Size Forecast by Type
10.6.1 Liquid
10.6.2 Powder
10.6.3 Paste
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bio-Tech Flavors Market Size Forecast by Applications
10.10.1 Dairy Products
10.10.2 Beverages
10.10.3 Confectionery Products
10.10.4 Non-Dairy Ice Cream
10.10.5 Bakery Products
10.10.6 Nutraceuticals
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bio-Tech Flavors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bio-Tech Flavors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bio-Tech Flavors Market Size Forecast by Type
11.6.1 Liquid
11.6.2 Powder
11.6.3 Paste
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bio-Tech Flavors Market Size Forecast by Applications
11.10.1 Dairy Products
11.10.2 Beverages
11.10.3 Confectionery Products
11.10.4 Non-Dairy Ice Cream
11.10.5 Bakery Products
11.10.6 Nutraceuticals
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bio-Tech Flavors Analysis and Forecast
12.1 Introduction
12.2 Latin America Bio-Tech Flavors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bio-Tech Flavors Market Size Forecast by Type
12.6.1 Liquid
12.6.2 Powder
12.6.3 Paste
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bio-Tech Flavors Market Size Forecast by Applications
12.10.1 Dairy Products
12.10.2 Beverages
12.10.3 Confectionery Products
12.10.4 Non-Dairy Ice Cream
12.10.5 Bakery Products
12.10.6 Nutraceuticals
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bio-Tech Flavors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bio-Tech Flavors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bio-Tech Flavors Market Size Forecast by Type
13.6.1 Liquid
13.6.2 Powder
13.6.3 Paste
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bio-Tech Flavors Market Size Forecast by Applications
13.10.1 Dairy Products
13.10.2 Beverages
13.10.3 Confectionery Products
13.10.4 Non-Dairy Ice Cream
13.10.5 Bakery Products
13.10.6 Nutraceuticals
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bio-Tech Flavors Market: Competitive Dashboard
14.2 Global Bio-Tech Flavors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Givaudan
14.3.2 International Flavors and Fragrances
14.3.3 Firmenich
14.3.4 Symrise
14.3.5 Takasago International Corporation
14.3.6 Sansient Technologies Corporation
14.3.7 Kerry Group
14.3.8 Givaudan