Biotech Flavorings Market to Grow with 11.0% CAGR from 2021 to 2028 | Givaudan, International Flavors & Fragrances Inc
SEATTLE, WA, United States, December 13, 2021 /EINPresswire.com/ – Biotech tastes are created using cutting edge food science technologies like biotechnology. This method is the most efficient way to create synthetic flavors without using chemicals. Biotech flavors have a number of health benefits, including increased levels of antioxidants and a lower risk of metabolic disorders due to the lack of artificial preservatives. The biotech flavor is also used in nutraceuticals, in addition to foods and beverages. Aromas from biotechnological processes, on the other hand, are said to have a short shelf life.
In 2021, the global biotech flavoring market is expected to reach US $ 1,548.6 million, with a CAGR of 11.0% during the forecast period (2021-2028).
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Main key players covered in this report: Givaudan SA, International Flavors & Fragrances Inc., Firmenich SA, Symrise AG, Takasago International Corporation, Sensient Technologies Corporation, Kerry Group and Frutarom Industries Ltd …
The biotechnological flavoring market is growing due to the introduction of food taste compounds manufactured using the biotechnological approach. The market is growing again thanks to the continuous innovation of key players in the biotechnology sector. In addition, leading companies are forging new collaborations and collaborating to increase their product portfolios, which is expected to drive market growth. For example, Evolva, a Swiss biotechnology company, signed a new collaboration agreement with International Flavors and Fragrances (IFF), a leading global producer of taste, aroma and nutrition for consumer products, in March 2020, in order to further develop and market vanillin. On the other hand, the high cost of raw materials is expected to stifle the expansion of the biotech flavoring market.
The expansion of the biotech flavoring market is expected to be hampered by factors such as the stability and response related to biotech flavorings during the forecast period. Biotech flavors readily react with other ingredients in foods and beverages, and other environmental conditions such as humidity, temperature, and chemicals in the flavors can alter the stability of biotech flavors. It is necessary to keep these flavors separate. Strawberry juice, for example, is separated from the concentrated aromas of strawberries. During the forecast period, these issues are expected to limit the growth of the market.
Biotechnological flavors from around the world Coronavirus (Covid-19) Impact of the pandemic on the market
The Covid-19 pandemic has created a host of problems for exporters from developing countries as well as rich countries. Indeed, travel restrictions have been imposed around the world. This has resulted in supply chain disruptions, a labor shortage and facility closures. As a result, such circumstances have hampered the growth of the entire market.
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