Biotech flavors market is a consolidated market with a growing list of players keeping pace in this high-growth market. It is customary to add preservatives and colorants to food products to increase shelf-life of products and keep freshness intact which are highly inadvisable. Segmentation of biotech flavors market by flavor type includes vanilla and vanillin. Biotech flavors is one-up in this regard thanks to accompanying health advisories with biotech flavors that is a strong reason for adopting biotech flavors in your food that stands in complete disagreement to health hazards manifested by artificial favors. Vanilla and vanillin segment is broken down into protein bars, snacks, powder and protein drinks. Segmentation of biotech flavors market by application includes food application segment, beverages segment and neutraceutical segment.
Biotech flavors market by vanilla and vanillin segment is projected to stay on top of the table with market odds favoring biotech flavors market to lead market convincingly. Health advisories are in strong favor of using biotech flavors in food products. This incentivizes biotech flavors market and stands ground to theory that biotech flavors pass on augmented health parameters providing relief from number of body complaints and hence are the current flavor of the season. Various drivers to the biotech flavors market are in observation which includes augmented health alternatives that reduces risks of diabetes and obesity and criteria that enhances antioxidant levels to safe limits. Increasing shelf life of biotech flavors poses a real challenge to the market longevity because in absence of artificial preservatives in biotech flavors that deepen stand on negative health issues pertaining to biotech flavors market and hence is a market restraint.
Adding biotech flavors such as vanilla and vanillin to soda is accompanied by a chemical reaction and hence is a growing restraint to the biotech flavors market. The food application segment is projected to expand globally by end of 2016 with further expansion down the line and is expected to display single-digit CAGR growth. The vanilla and vanillin segment displays growth in biotech flavors market due to growing market trends that favor consumption of vanilla and vanillin flavored protein bars, snacks, powder and protein drinks. The vanilla and vanillin segment as a result accounts for rising market share displaying growth over food application segment by a good 0.9 %. Biotech flavors in beverages and neutraceutical segments displays growth by rising numbers with its attractive health incentives and environment friendly alternatives.
Biotech flavors are now adopted over other artificial flavoring methods and organic synthesis of flavoring compounds comprising enzymes due to eco-friendly properties on display of biotech flavors and adoption of sophisticated technology. Biotech flavors are akin to display of salty, sweet and savory taste and are of high healthy repute. Bacteria are used in biotech flavorings and chemical synthesis converting glucose into butyric acid. The sweet, salty taste in food products can be dropped by adding a pinch of biotech flavor. The key industries in contention in biotech flavors market include Givaduan S.A, International flavors and fragrances, Inc (IFF)., Firmenich SA, Symrise AG, Taka sago international Corporation, Sansient Technologies Corporation, Kerry Group Plc.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Biotech Flavors in these regions, from 2013 to 2025 (forecast), covering
• North America
• Southeast Asia
Global Biotech Flavors market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Sensient Technologies Corporation
• Bell Flavors and Fragrances
• Symrise AG
• International Flavors & Fragrances
• Takasago International Corporation
• Frutarom Industries
• Kerry Group
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Vanilla and Vanillin
• Fruity Flavor
• Other Flavors
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Dairy Products
• Confectionery Products
• Non Dairy Ice-cream
• Bakery Products
Research Support Specialist, USA