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Bio-Tech Flavors Industry 2019Description:-
Our health can be affected by artificial flavors and colorants that are used in the preservation of food and beverage. Biotech flavors offer several advantage over traditional flavors. For example vanillin, the flavor that is used in ice-cream is manufactured by petrochemical process that actually extracting it from vanillin plant. This pose a health threat. With biotechnology used in the production of flavors, it is derived from micro-organisms that produce flavors, which is healthy for human body. Hence, it is noted that health benefit offered by biotech flavors is the primary reason that is likely to push the growth of the market. As technology upgrades, the availability of empowered manufacturing equipment is easy. This, in turn, makes the production process and cut-down the price of flavors. Moreover, consistency in the supply of biotech flavor is high as they are obtained from micro-organism that eliminates the problem for sustainability, when derived from natural sources. In addition, biotechnology is an effective and greener option for the production of healthy flavors as less number of plants are being exploited. These factors can surge the market.
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Industry Update
August 2019
Genome British Columbia, a Canada based innovator in genomics, partnered with Phytonix Corporation, an industrial bio-tech company. As the outcome, a manufacturing platform is to be developed that can convert carbon dioxide, emitted from industrial sites, into specialty chemicals for the fragrance industry.
Segmental Outline
The worldwide biotech flavor market has been analyzed by segmental study to gain a vivid understanding of the market. The market has been segmented by type and application criteria. By type, liquid, powder, and paste are the segments of the worldwide biotech flavor market. By applications, the market has been can be divided into dairy products, beverages, nutraceuticals, non-dairy ice cream, confectionery products, bakery products, and others. Fragrance is trigger a feel-good factor that is widely appreciated by people. As a result, the need for fragrance is across different markets that deal in food and beverage is surging. The application segment is expected to note a robust growth in the coming years.
Detailed Regional Analysis
To identify growth scopes of the biotech flavor market, it has been assessed across Asia Pacific, North America, Europe, the Middle East & Africa, and South America. The market growth pattern has been noted across Mexico, Canada, and the United States under the North America segment. The South America segment has been sub-segmented into Brazil, Colombia, and Argentina. China, Korea, Japan, India, Southeast Asia, and Australia are regions of Asia Pacific (APAC) where the expansiveness of the market has been examined. Under the Europe segment, market progress has been evaluated across Russia, Germany, Spain, Italy, the United Kingdom, and France. UAE, Egypt, Nigeria Saudi Arabia, and South Africa are prominent regions that come under the Middle East Asia and Africa segment.
Market Key Players
Givaudan, Symrise, Firmenich, Kerry Group, Sansient Technologies Corporation, Takasago International Corporation, and International Flavors and Fragrances are some of the dynamic competitors that are operating in the worldwide market of biotech flavor market.
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