Market Overview:
The global biotech-based aroma ingredients market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for biotech-based aroma ingredients from various applications such as LiCoO2 battery, NMC/NCA, LiFePO4 battery and others. Moreover, the growing awareness about the benefits of using biotech-based aroma ingredients is also contributing to the growth of this market. Some of the key players operating in this market are BASF SE (Germany), Givaudan SA (Switzerland), Firmenich SA (Switzerland), Symrise AG (Germany) and International Flavors & Fragrances Inc. (U.S.).
Product Definition:
Aroma ingredients that are biotech-based are made through a process of biotechnology. This means that the ingredients are made using organisms like bacteria or yeast. Biotech-based aroma ingredients have many benefits for food and beverage companies. They can be used to create new flavors, improve taste, and reduce costs. Additionally, biotech-based aroma ingredients can help to improve product quality and safety.
Rolls Type:
The global rolls type market size was valued at USD 1.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to its increasing demand in food & beverage applications as a natural flavoring agent. Rolls are used for producing various types of foods including bread, snack, ready-to-eat meals, frozen processed meat products such as sausages and burgers; they are also used for manufacturing medicines due to their high bioavailability.
Preformed Type:
Preformed type is also known as artificial flavor orroma ingredients. It is a blend of chemicals that are used to create aroma in food products and beverages. Preformed type has the ability to provide similar taste, smell, and texture of natural flavors such as fruit, vegetables etc., which makes it suitable for use in various types of food products including bakery items, dairy items among others.
The global market for preformed type was estimated at USD 1.07 billion in 2016.
Application Insights:
The LiCoO2 battery application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The key factors contributing to this growth include increasing demand for energy storage devices, growing electronics industry, and technological developments such as multi-layer cell architecture.
The NMC/NCA application segment is expected to witness significant growth over the forecast period owing to rising use of flavorants in soft drinks, fruit juices & beverages, cosmetics products and pharmaceuticals among others. Increasing use of natural ingredients with no or minimal side effects has led manufacturers toward using aromas derived from nature for developing new flavors that are more palatable than those flavoured with synthetic compounds. This trend is expected drive biotech-based aroma ingredients market over the next few years.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for nearly 60% of global population, which has resulted in high demand from end-use industries such as healthcare, electronics, personal care and others. Furthermore, increasing disposable income levels coupled with rising health concerns are projected to drive industry growth over the coming years.
Europe accounted for a significant share of revenue in 2017 owing to growing R&D investments by major companies along with technological advancements made by academic institutes regarding biotech-based aroma ingredients production methods. North America is also expected to witness steady growth due to stringent regulations laid down by various regulatory bodies such as U.
Growth Factors:
- Increasing demand for natural and organic products: The global market for natural and organic products is projected to grow at a CAGR of more than 14% from 2016 to 2021. This growth is driven by the increasing awareness among consumers about the benefits of using natural and organic products, as well as the growing number of health-conscious consumers. Biotech-based aroma ingredients are used in a wide range of natural and organic products, such as cosmetics, personal care products, food & beverages, etc. Thus, the increasing demand for natural and organic products is expected to drive the growth of the biotech-based aroma ingredients market over the next few years.
- Rising popularity of aromatherapy: Aromatherapy is a form of alternative medicine that uses essential oils extracted from plants to treat various health conditions or improve psychological well-being. The use of aromatherapy has been gaining popularity in recent years due to its therapeutic benefits. Biotech-based aroma ingredients are extensively used in aromatherapy applications owing to their high purity and quality standards. Thus, rising demand for aromatherapy is expected to fuel growth prospects for biotech-based aroma ingredients market in coming years..
Scope Of The Report
Report Attributes
Report Details
Report Title
Biotech-based Aroma Ingredients Market Research Report
By Type
Rolls Type, Preformed Type
By Application
LiCoO2 Battery, NMC/NCA, LiFePO4 Battery, Others
By Companies
Toppan Printing, DIC, Showa Denko, DNP, Targray
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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Biotech-based Aroma Ingredients Market Report Segments:
The global Biotech-based Aroma Ingredients market is segmented on the basis of:
Types
Rolls Type, Preformed Type
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
LiCoO2 Battery, NMC/NCA, LiFePO4 Battery, 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:
- Toppan Printing
- DIC
- Showa Denko
- DNP
- Targray
Highlights of The Biotech-based Aroma Ingredients 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:
- Rolls Type
- Preformed Type
- By Application:
- LiCoO2 Battery
- NMC/NCA
- LiFePO4 Battery
- 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 Biotech-based Aroma Ingredients 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
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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?
Biotech-based aroma ingredients are chemicals that are derived from living organisms. These ingredients can be used to create fragrances, flavors, and other compounds that contribute to the overall smell and taste of a product.
Some of the major players in the biotech-based aroma ingredients market are Toppan Printing, DIC, Showa Denko, DNP, Targray.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biotech-based Aroma Ingredients 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 Biotech-based Aroma Ingredients Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biotech-based Aroma Ingredients 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 Biotech-based Aroma Ingredients 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 Biotech-based Aroma Ingredients Market Size & Forecast, 2020-2028
4.5.1 Biotech-based Aroma Ingredients Market Size and Y-o-Y Growth
4.5.2 Biotech-based Aroma Ingredients Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Rolls Type
5.2.2 Preformed Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 LiCoO2 Battery
6.2.2 NMC/NCA
6.2.3 LiFePO4 Battery
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biotech-based Aroma Ingredients 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 Biotech-based Aroma Ingredients 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Rolls Type
9.6.2 Preformed Type
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 Market Size Forecast by Applications
9.10.1 LiCoO2 Battery
9.10.2 NMC/NCA
9.10.3 LiFePO4 Battery
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Rolls Type
10.6.2 Preformed Type
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 Market Size Forecast by Applications
10.10.1 LiCoO2 Battery
10.10.2 NMC/NCA
10.10.3 LiFePO4 Battery
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Rolls Type
11.6.2 Preformed Type
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 Market Size Forecast by Applications
11.10.1 LiCoO2 Battery
11.10.2 NMC/NCA
11.10.3 LiFePO4 Battery
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Rolls Type
12.6.2 Preformed Type
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 Market Size Forecast by Applications
12.10.1 LiCoO2 Battery
12.10.2 NMC/NCA
12.10.3 LiFePO4 Battery
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Rolls Type
13.6.2 Preformed Type
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) Market Size Forecast by Applications
13.10.1 LiCoO2 Battery
13.10.2 NMC/NCA
13.10.3 LiFePO4 Battery
13.10.4 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 Biotech-based Aroma Ingredients Market: Competitive Dashboard
14.2 Global Biotech-based Aroma Ingredients Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toppan Printing
14.3.2 DIC
14.3.3 Showa Denko
14.3.4 DNP
14.3.5 Targray
