Press Releases
 
Biotech Flavor Market: Fruity Flavor to Report Swift Growth in Demand

, 20 September 2018 -- Biotech Flavors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024

According to a research report by Transparency Market Research (TMR), the global biotech flavor market is highly consolidated and competitive in nature, with Naturex occupying the dominant position. The leading companies in this market mostly rely on mergers, acquisitions, and partnerships to improve their visibility and the trend is likely to continue over the forthcoming years, increasing the competition between the players, reports the research study.

Get Brochure For More Information@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16178

As per the report, the global market for biotech flavors, which stood at US$430.6 mn in 2015, is expected to proliferate at a CAGR of 9.70% during the period from 2016 to 2024, increasing the opportunity in this market to US$991.0 mn by the end of the forecast period. The market is projected to touch 23,980.3 tons in terms of volume over the same period of time. The demand for biotech flavors is higher in beverages compared to other end-use segments. On account of the surging consumption of flavored beverages, globally, analysts predict this segment to continue as the leading end user of biotech flavors over the period of the forecast.

The research report further evaluates the worldwide market for biotech flavors on the basis of its regional classification. The Middle East and Africa, North America, Asia Pacific, Europe, and Latin America and is led by North America, thanks to the high awareness among consumers regarding the benefits of biotech flavors. In 2015, the regional market, followed by Europe, acquired a share of more than 32% in the overall market. Researchers anticipate the North America market for biotech flavors to retain its leadership over the forthcoming years.

On the other hand, Asia Pacific is anticipated to exhibit a high-paced growth in its market for biotech flavors in the near future, thanks to the strong demand for biotech flavors from emerging economies, such as China and India. The health and wellness trend is also expected to support the growth of the Asia Pacific biotech flavor market and prompt manufacturers to apply innovative strategies across the supply chain to ensure wide availability of biotech flavors for consumers over the years to come. Apart from this, the increasing demand for beverages in this region is expected to create vital opportunities for the players in the global market.

“The rising health consciousness among consumers has augmented the demand for natural ingredients and biotech-based flavors in food products and beverages, which, resultantly, is boosting the global biotech flavor market,” says a TMR analyst. The growing awareness among consumers in developed economies concerning the negative impact of artificially-produced food flavors and the increased knowledge of consumers pertaining to the nutritional advantages of biotech flavors is projected to propel this market in the years to come.

Although the future of the worldwide biotech flavor market looks thriving, the low shelf-life of biotech flavors and issues related to their stability may hinder the growth of this market in the near future, states the research report.

# # #


Submitted by amyjames on Thursday, 20 September 2018 at 7:28 PM
Category: Food & Fashion
 
Related News

Global Lobster Market Overview 2018, Demand by Regions, Types and Analysis of Key Players
Thursday, 13 Dec 2018

GCC Chocolate Market : By Size, Share, Growth, Analysis & Demand till 2023
Thursday, 13 Dec 2018

Shave Grass Extract Market To Make Great Impact In Near Future by 2025
Thursday, 13 Dec 2018

Saw Palmetto Extract Market – Future Demand Strategies 2025
Thursday, 13 Dec 2018

Maitake Mushroom Extract Market – Overview of Vital Industry Drivers
Thursday, 13 Dec 2018

Related Events

11th Annual American Food Innovate Summit, Chicago (February 4-5, 2019)
Monday, 4 Feb 2019

Hospitality Tech and Innovation Fourm
Monday, 25 Mar 2019

European Food Sure Summit, 13th - 14th May 2019, Amsterdam
Monday, 13 May 2019

Latest News

How to get the most fuel out of microalgae?
Friday, 14 Dec 2018

How will you tell if you are a movable addict?
Friday, 14 Dec 2018

The Complete Analysis Of A Business With Quickbooks Advanced Reporting
Friday, 14 Dec 2018

Know The Major Factors Involved In IPTV Without Freeze
Friday, 14 Dec 2018

Commercial Bridging Loan - Loans to Move Forward
Friday, 14 Dec 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Friday, 14 December 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Palo Alto Networks: COORDINATE YOUR ENDPOINT AND NETWORK SECURITY
  • Advances in Inflammatory Bowel Diseases (AIBD) December 13-15, 2018
  • ICRS Focus Meeting, Milan 2018 - I am Not Ready for Metal
  • 2018 A4M World Congress | Las Vegas, NV
  • Original Emergency Medicine Boot Camp

  • Latest Jobs
    Sorry, there are currently no entries posted here.