DUBLIN, July 14, 2020 /PRNewswire/ -- The "Biotech Ingredients Market Size, Share & Trends Analysis Report By Flavors (By Source, By Type, By Application), By Fragrances (Fine Fragrances, Toiletries), By Active Cosmetic Ingredients, And Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.
The global biotech ingredients market size is expected to reach USD 3.01 billion by 2027, expanding at a CAGR of 9.3% from 2020 to 2027.
Growing consumer inclination towards natural and organic products is expected to drive the demand for biotech ingredients over the forecast period.
Commercially, biotech ingredients are derived by genetically modifying microbes, such as yeast and bacteria. Biotech ingredients consist of oleoresins, essential oils, and several other plant extracts, which are manufactured using various techniques, including cold pressing or compression, steam distillation, and solvent extraction.
Biotech ingredients are widely used in several cosmetic product formulations. Key players in the market are using these ingredients as they are more sustainable and efficacious as compared to petroleum-based products. Besides, use of biotechnology in developing active ingredients for use in cosmetic products is cost effective and generates low carbon footprint, thereby making it more favorable. This is expected to boost the growth of active ingredients segment over the forecast period.
Europe is one of the prominent consumers of biotech ingredients. The country's government is engaged in undertaking several activities and initiatives for promoting and developing bio-based products, along with various strategies and policies to achieve sustainable economic growth. This is likely to foster the demand for biotech ingredients in the region. Commission Expert Group for bio-based products, Circular Economy Package, flagship initiative under Europe 2020 strategy, and European Innovation Partnerships (EIP) are some of the significant programs undertaken, which are contributing to the growth of market in the region.
Moreover, regulatory norms and regulations related to biotech ingredients are strict, which are required to be followed at both the national and international levels. In North America, the FDA (food and drug administration), USDA (U.S. Department of Agriculture), and EPA (U.S. Environmental Protection Agency) regulate plant and animal biotechnology products. Each of these regulatory bodies have chalked out certain regulations and published guidance documents in order to ensure the safety and effectiveness of biotechnology products.
Several industry participants are involved in new and innovative product launches and strategic alliances, such as mergers & acquisitions. For instance, in October 2019, Mibelle Biochemistry, a cosmetic ingredient manufacturer, launched IceAwake, a biotech ingredient developed using glacial melt. The ingredient reduces the ageing process of skin occurred due to sleep deprivation.
Biotech Ingredients Market Report Highlights
- In 2019, Europe emerged as the leading market for biotech ingredients in active cosmetics and fragrances ingredients, accounting for 37.4% and 32.7% share respectively. Demand for biotech ingredients is growing in the region on account of large consumer base and end-use sectors
- The industry is consolidated and highly competitive due to the presence of major global players, such as Givaudan, Firmenich SA, Advanced Biotech, and Symrise A.G.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Biotech ingredients Industry Outlook
3.1 Market size and growth prospects, 2016 - 2027
3.2 Biotech ingredients value chain analysis
3.2.1 General biotechnology value - chain
18.104.22.168 Research & development
3.3 Biotech ingredients market dynamics
3.3.1 Market driver analysis
22.214.171.124 Consumer preference for sustainable production sources and rapid development of biotechnology
126.96.36.199 Increasing government initiatives and rise of SME's
188.8.131.52 Rising demand for natural ingredients with an increase in R&D expenditures
3.3.2 Market restraint analysis
184.108.40.206 High initial cost and lack of result oriented research
220.127.116.11 GMO hesitation and rise of organic flavors and fragrance choices
3.4 Industry analysis - Porter's
3.5 Biotech ingredients PESTEL analysis
Chapter 4 Biotech Ingredients Market: Flavors Estimates & Trend Analysis
4.1 Biotech ingredients market share, by flavors, 2016 to 2027
4.1.1 Global biotech flavor ingredients market estimates & forecasts, by flavors, 2016 - 2027 by source, (USD Million)
4.1.2 Global biotech flavor ingredients market estimates & forecasts, by flavors, 2016 - 2027 by type, (USD Million)
4.1.3 Global biotech flavor ingredients market estimates & forecasts, by flavors, 2016 - 2027 by carbonyls, (USD Million)
4.1.4 Global biotech flavor ingredients market estimates & forecasts, by flavors, 2016 - 2027 by application, (USD Million)
Chapter 5 Biotech Ingredients Market: Fragrances Estimates & Trend Analysis
5.1 Biotech ingredients market share, by fragrances, 2016 to 2027
5.1.1 Global biotech fragrance ingredients market estimates & forecasts, by application, 2016 - 2027 (USD Million)
Chapter 6 Biotech ingredients Market: Active Ingredients for Cosmetics Estimates & Trend Analysis
6.1 Biotech ingredients market share, by active ingredients for cosmetics, 2016 to 2027
6.1.1 Recent developments in the biotech active ingredients market segment:
6.1.2 Global biotech active ingredients for cosmetics market estimates & forecasts, by, 2016 - 2027 application, (USD Million)
Chapter 7 Biotech ingredients Regional Estimates & Trend Analysis
7.1 Biotech ingredients market share, by region, 2016 to 2027
7.2 Biotech ingredients market, by region, 2019
7.3 Global biotech flavor ingredients market estimates and forecasts, by region, 2016 - 2027 (USD Million)
7.4 Global biotech fragrance ingredients market estimates and forecasts, by region, 2016 - 2027 (USD Million)
7.5 Global biotech active ingredients in cosmetics market estimates and forecasts, by region, 2016 - 2027 (USD Million)
7.6 North America
7.8 Asia Pacific
7.10 Middle East & Africa
7.11 Central & South America
Chapter 8 Competitive Landscape
8.1 Vendor Landscape
8.2 Competitive environment
8.3 Company market positioning
8.5 Strategic Framework
Chapter 9 Company Profiles
9.1 Advanced Biotech
9.1.1 Company overview
9.1.2 Financial performance
9.1.3 Product benchmarking
9.2 Bell Flavors & Fragrances, Inc.
9.3 Frutarom Industries Limited
9.4 Sigma - Aldrich (Millipore Sigma)
9.5 Givaudan SA
9.6 International Flavors & Fragrance (IFF), Inc.
9.7 T.Hasegawa Co., Ltd.
9.8 Firmenich SA
9.9 Amyris, Inc.
9.10 Hayashibara Co., Ltd.
9.11 Bloomage BioTechnology Corporation Limited
9.12 Contipro a.s.
9.13 Symrise A.G.
9.14 Evonik Nutrition & Care GmbH
For more information about this report visit https://www.researchandmarkets.com/r/s0392e
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets