The growing demand for bio-based products, the advancements in biotechnology, and the growing purchasing power in developing regions are boosting the Biotech Ingredients market.
Market Size – USD 1.60 Billion in 2019, Market Growth – CAGR of 8.3%, Market Trends – The rising demand for Biotech Ingredient in cleaning & household products amidst the COVID-19 pandemic
The Global Biotech Ingredients market is forecasted to reach USD 3.03 Billion by 2027, according to a new report by Reports and Data. One of the major driving factors fostering the growth of the market is the constant emphasis of various beauty brands on availing the advantage of using these ingredients in their products. The incorporation of these ingredients in their products helps in the promotion of these products and claiming that the products made from these ingredients are sustainable. The shift in consumer buying patterns is another the mentionable factors supporting the growth of the market. The continuously expanding cosmetic and personal care sector and the elevating demand for organic and natural products among consumers is resulting in an increasing emphasis on R&D activities to develop these ingredients. There has been constant emphasis on advancements of these ingredients and launch of various new offerings on the market have resulted in an increase in the number of the ingredients presently available for such applications. Furthermore, the COVID-19 pandemic has resulted in increasing demand for cleaning & household and personal care products, which is also acting as a driving factor for the expansion of the market.
Key participants include Bell Flavors & Fragrances, Inc., Advanced Biotech, Sigma-Aldrich (Millipore Sigma), Frutarom Industries Limited, International Flavors & Fragrance (IFF), Inc., Givaudan SA, Firmenich SA, T.Hasegawa Co., Ltd., Hayashibara Co., Ltd. and Amyris, Inc.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the Biotech Ingredients market on the basis of Ingredients Source, Flavor, Application, and region:
Source Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
Flavor Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
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Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technology Chapter 2. Executive Summary 2.1. Summary Snapshot, 2019-2027 Chapter 3. Indicative Metrics Chapter 4. Biotech Ingredients Market Segmentation & Impact Analysis 4.1. Biotech Ingredients Market Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.3. Market restraints analysis 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price Trend Analysis 4.9. Customer Mapping 4.10. Covid-19 Impact Analysis 4.11. Global Recession Influence
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Chapter 9. Competitive Landscape 9.1. Market Revenue Share By Manufacturers 9.2. Manufacturing Cost Breakdown Analysis 9.3. Mergers & Acquisitions 9.4. Market positioning 9.5. Strategy Benchmarking 9.6. Vendor Landscape Chapter 10. Company Profiles 10.1. Bell Flavors & Fragrances, Inc. 10.1.1. Company Overview 10.1.2. Financial Performance 10.1.3. Technology Insights 10.1.4. Strategic Initiatives 10.2. Advanced Biotech 10.2.1. Company Overview 10.2.2. Financial Performance 10.2.3. Technology Insights 10.2.4. Strategic Initiatives 10.3. Sigma-Aldrich (Millipore Sigma) 10.3.1. Company Overview 10.3.2. Financial Performance 10.3.3. Technology Insights 10.3.4. Strategic Initiatives 10.4. Frutarom Industries Limited 10.4.1. Company Overview 10.4.2. Financial Performance 10.4.3. Technology Insights 10.4.4. Strategic Initiatives 10.5. International Flavors & Fragrance (IFF), Inc. 10.5.1. Company Overview 10.5.2. Financial Performance 10.5.3. Technology Insights 10.5.4. Strategic Initiatives
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