Bio-Tech Flavor Market 2017–2027

Bio-tech flavors are basically produced from advanced food science technology such as biotechnology. This method is the best alternative process of synthetically prepared flavors by using chemicals. Bio-tech flavors have numerous health benefits such as enhanced anti-oxidants level and reduced risk of the metabolic disorder as these flavors do not contain any artificial preservatives. Apart from food and beverage bio-tech flavor also finds application in the nutraceutical products. However, bio-tech process flavors are claimed to have a very low shelf-life.

The global bio-tech flavor market is anticipated to reach US$ 2.8 billion by the end 2027, growing at a CAGR of 11% during the forecast period (2019 to 2027).

Drivers

Uncertain whether conditions coupled with the political barriers associated with the natural food product is expected to foster the market growth of the bio-tech flavors. Unfavorable weather conditions may lead to irregular supply of raw materials due to seasonal or crop violation and political instability are some of the major factors that are propelling the demand for flavor production by using bio-tech process as this technology can overcome such challenges and also reduce the cost of the flavor, thereby fueling the market growth.

The rising number of players entering into biotechnology process flavor market is expected to serve as one of the major driving factors to the market of bio-tech flavors. For instance, in September 2019, BASF strengthens biotechnology footprint by acquiring Isobionics, an innovation leader in biotechnology which is serving the global market for natural flavors and fragrances (F&F), and through a cooperation agreement with Conagen to enters the market for natural F&F ingredient

In 2018, North America region accounted for a market share of 35.2%, which is largest in terms of revenue, followed by Europe and Asia-Pacific, respectively. The rising trend for clean label in products among consumers is driving manufacturers to use organic and minimum ingredients in food & beverage products as a result of which the bio- tech flavor market is expected to grow substantially in upcoming years.

Figure 1. Global Bio-Tech Flavor Market – Revenue Share (%), By Region, 2018

Bio-Tech Flavor  | Coherent Market Insights

Market Restraints

Low shelf-life of the bio-tech based flavor is expected to hinder the market growth of the bio-tech flavor. Bio-tech flavors have a lower shelf life because it doesn't contain any artificial preservatives that increase the shelf life and average shelf life of bio-tech product is around six months to one year. Hence, lower shelf-life of the bio-tech based flavors is expected to restrict the adoption of across consumer, thereby restraining the market growth.

The high cost of the raw materials used in bio-tech based flavor is projected to inhibit the market growth. Moreover, bio-tech flavors are comparatively expensive than artificial flavors due to high cost related to processing, production, and preservation of natural and bio-tech flavors are expected to restrict the demand for bio-tech based flavor. This factor is expected to hinder the market growth of bio-tech flavor over the forecast period.

Market Opportunities

Increasing demand for spicy flavors is expected to offer potential growth opportunities over the forecast period. For instance, in May 2019, Doritos launched new spicy wings flavor. The new flavorful Spicy Wings Flavor is Doritos’ newest invention that will see the band launched into the meaty flavor segment, thereby pushing the envelope of corn snacks. Hence, increasing the launch of spicy such hot chili flavor is expected to propel the market growth of the bio-tech flavor over the forecast period.

Increasing penetration of bio-tech flavor in alcoholic beverages is expected to fuel the market growth in the near future. For instance, in September 2016, United Spirits, India's largest spirits firm, has introduced the country's first homegrown flavored whiskey to target beer drinkers who find the regular drink too strong or overwhelming. The new brand — Silk, a honey-flavored drink under the McDowell's portfolio — is the first product launch after. Therefore, rising demand for flavored alcoholic beverage is expected to foster market growth.

Figure 2. Global Bio-Tech Flavor Market – Market Opportunity Analysis

Bio-Tech Flavor  | Coherent Market Insights

Among flavor type segment, vanilla & vanillin flavor dominated the global bio-tech flavor market in 2018, and accounted for 34.2% share in the market, followed by fruity flavor and essential oils, respectively.

Market Trends/Key Takeaways

Increasing demand for protein-based flavor among athletes is gaining traction in the market, for this major player is introducing protein-based flavor, which in turn propelling the market growth over the forecast period. For instance, in March 2019, CytoSport Inc., the makers of EVOLVE plant-based protein products announce the launch of their new Protein & Greens product line. CytoSport's EVOLVE brand is part of the leading sports nutrition company's portfolio that also encompasses Muscle Milk premium protein products.

Shifting consumer preference towards a new blend or combination of flavors such as heat and tangy flavors due to growing popularity for different and unique flavors especially Europe and East Asia is expected to fuel the market growth in the near future. At present, beef jerky and snack products such as chips heat are being available in heat and tangy flavor is a major trend in U.S and Europe region. In January 2016, Green Dot Health Foods Ltd. launched hot African Piri chili with tangy lemon flavored nachos crisps. Hence, shifting preferences of consumers towards a unique and new combination of flavor is expected to propel the market growth.

Figure 3. Global Bio-Tech Flavor Market – Revenue Share (%), By Application, 2018

Bio-Tech Flavor  | Coherent Market Insights

Competitive Section:

Players active in the market are Givaudan S.A, International Flavors & Fragrances Inc., Firmenich SA, Symrise AG, Takasago International Corporation, Sensient Technologies Corporation, Kerry Group, and Frutarom Industries Ltd.

Few Recent Developments

International Flavors & Fragrances Inc.

  • In February 2015, the company announced plans to establish a new flavors facility in the U.S., in order to increase the supply of natural & bio-tech flavor to the food and beverage industry in the greater Chicago area
  • In March 2015, the company expanded its flavor facility in Isando, South Africa to meet the increasing demand for bio-tech flavors in the country

Firmenich SA

  • In January 2016, Firmenich SA and Veolia Environment SA collaborated with Mars, Incorporated and Danone SA to invest over US$ 135 million for helping farmers in Africa, Asia, and Latin America. This investment is expected to enhance the production of natural fruits and vegetables, which in turn will smoothen the supply of raw materials for bio-tech flavors.

Flavors are an integral component in food and beverage industry that are used to enhance the taste in processed food products and beverages. The flavor industry is considerably competitive and focused in developing wide variety of innovative flavors from different ingredients for food & beverages and pharmaceutical industries. Bio-tech flavors are used in healthy food products as they are formed of natural and organic ingredients.

Market Dynamics

The bio-tech flavor market is expected to witness an expansion in forthcoming years owing to the surge in demand for food products and beverages with natural flavoring among consumers. Companies involved in the market are aiming to develop innovative flavors with use of bio-technology that can reduce the amount of sugar and salt in food products, to support production of nutritional food products.

Bio-tech flavors in powder form are predominantly preferred as they are easily dissolvable in liquids. A wide range of options are available in powdered flavors such as yogurt powder, energy drink powder, butter powder and others, to align with customers’ preferences., Powders are used in production of dry mixes as it has a lower moisture content and can be disbursed easily through blending. The rise in demand for powder bio-tech flavors is expected to fuel the growth of the market in next few years.

Key features of the study:

  • This report provides in-depth analysis of Bio-Tech Flavor market ,market size (US$ Billion and Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the Global Bio-Tech Flavor market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes Givaudan S.A, International Flavors & Fragrances Inc., Firmenich SA, Symrise AG, Takasago International Corporation, Sensient Technologies Corporation, Kerry Group, and Frutarom Industries Ltd.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The Global Bio-Tech Flavor market report caters to various stakeholders in this industry including investors, suppliers, Bio-Tech Flavor manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Bio-Tech Flavor market

Detailed Segmentation:

  • Global Bio-Tech Flavor Market, By Flavor Type:
    • Vanilla & Vanillin
    • Fruity Flavor
    • Microbial Produced Flavor
    • Essential Oils
  • Global Bio-Tech Flavor Market, By Form:
    • Liquid
    • Powder
    • Spray Dry
    • Paste
  • Global Bio-Tech Flavor Market, By Application:
    • Food
      • Dairy Product
      • Bakery Products
      • Confectionery Products
      • Savory
    • Beverages
      • Alcoholic
      • Non-Alcoholic
    • Nutraceuticals
  • Global Bio-Tech Flavor Market, By Source:
    • Fruit & Fruit Juice
      • Berries
      • Citrus
      • Drupes
      • Pepos
      • Pomes
      • Others
    • Vegetable & Vegetable juice
    • Plant & Botanical
      • Spices
      • Herbs
      • Others
    • Meat & Seafood
      • Meat & Poultry
      • Seafood
    • Dairy
      • Dairy products
      • Edible East
  • Global Bio-Tech Flavor Market, By Region:
    • North America
      • U.S.
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • Canada
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
    • Latin America
      • Brazil
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • Mexico
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • Rest of Latin America
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
    • Europe
      • Germany
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • U.K
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • France
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • Italy
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • Spain
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • Nordic
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • Benelux
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • Russia
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • Poland
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • Rest of Europe
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast

 

    • Asia Pacific
      • China
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • India
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • Japan
        • By Flavor Type
          • Water-based
          • Solvent-based
        • By Form
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By Application
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • ASEAN
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • Australia & New Zealand
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • Rest of Asia-Pacific
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
    • Middle East & Africa
      • GCC
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • North Africa
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • South Africa
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
      • Rest of MEA
        • By Flavor Type
          • Vanilla & Vanillin
          • Fruity Flavor
          • Microbial Produced Flavor
          • Essential Oils
        • By Form
          • Liquid
          • Powder
          • Spray Dry
          • Paste
        • By Application
          • Food
            • Dairy Product
            • Bakery Products
            • Confectionery Products
            • Savory
          • Beverages
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
        • By Source
          • Fruit & Fruit Juice
            • Berries
            • Citrus
            • Drupes
            • Pepos
            • Pomes
            • Others
          • Vegetable & Vegetable juice
          • Plant & Botanical
            • Spices
            • Herbs
            • Others
          • Meat & Seafood
            • Meat & Poultry
            • Seafood
          • Dairy
            • Dairy products
            • Edible Yeast
  • Company Profiles
    • Givaudan S.A. *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • International Flavors & Fragrances Inc.
    • Firmenich SA
    • Symrise AG
    • Takasago International Corporation
    • Sensient Technologies Corporation
    • Kerry Group
    • Frutarom Industries Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Flavor Type
      • Market Snippet, By Form
      • Market Snippet, By Application
      • Market Snippet, By Source
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Bio-Tech Flavor Market, By Flavor Type, 2017 - 2027 Source (US$ Billion and Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
        • Vanilla & Vanillin
        • Fruity Flavor
        • Microbial Produced Flavor
        • Essential Oils
  5. Global Bio-Tech Flavor Market, By Form, 2017 - 2027 Source (US$ Billion and Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
        • Liquid
        • Powder
        • Spray Dry
        • Paste
  6. Global Bio-Tech Flavor Market, By Application, 2017 - 2027 Source (US$ Billion and Kilo Tons)
    •  Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
        • Segment Trends
          • Food
            • Dairy Products
            • Bakeries
            • Confectionaries
            • Savories
          • Beverage
            • Alcoholic
            • Non-Alcoholic
          • Nutraceuticals
  7. Global Bio-Tech Flavor Market, By Source, 2017 - 2027 Source (US$ Billion and Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
        • Fruit & Fruit Juice
          • Berries
          • Citrus
          • Drupes
          • Pepos
          • Pomes
          • Others
        • Vegetable & Vegetable juice
        • Plant & Botanical
          • Spices
          • Herbs
          • Others
        • Meat & Seafood
          • Meat & Poultry
          • Seafood
        • Dairy
          • Dairy products
          • Edible East
  8. Global Bio-Tech Flavor Market, By Region, 2017- 2027 Source (US$ Billion and Kilo Tons)
    •  Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Germany
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • Nordic
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • Benelux
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • Australia & New Zealand
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2019 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • North Africa
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
        • Rest of Middle East & Africa
          • Country Trends
          • Market Size and Forecast, By Flavor Type, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Form, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Application, 2017- 2027 Source (US$ Billion and Kilo Tons)
          • Market Size and Forecast, By Source, 2017- 2027 Source (US$ Billion and Kilo Tons)
  9. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Givaudan S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • International Flavors & Fragrances Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Firmenich SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Symrise AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Takasago International Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sensient Technologies Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Kerry Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Frutarom Industries Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global Bio-Tech Flavor Market” – global forecast to 2027