Biotech Flavor Market Size, Share & Trends Analysis Report By Type (Vanilla, Fruity), By Application (Beverages, Nutraceuticals), By Form, By Region, And Segment Forecasts, 2019 - 2025

Published: Jun, 2019 | Pages: 110 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global biotech flavor market size is expected to reach USD 57.7 billion by 2025, expanding at a CAGR of 7.0% from 2019 to 2025, according to a new report by Grand View Research, Inc. Growing awareness regarding nutritional benefits such as stimulation of appetite and content of citric acid to boost immune and rising health consciousness are expected to drive the market in the next few years.

Growing penetration of natural flavoring due to advancement in various types of beverages has been driving the demand for the global market. Beverages infused with biotech flavors help in boosting energy level, metabolism, and other bodily functions. Flavors such as lemon and cucumber help in stimulating liver functions and strengthening veins. Growing trend of convergence between biotech and nutraceuticals driven by increasing application of ingredients claims to have various health benefits. For instance, Robertet introduced Xtreme Flavors with high impact, true fruit, authentic, and natural flavoring that can be infused in various beverage preparations. Some of the flavors include plum and plum sugar, pear, watermelon, and apple.

The powder form held the largest market share and generated a revenue of USD 17.1 billion in 2018. This segment consists of energy drinks powder, yogurt powder, butter powder, and others with features that are applicable in maintaining health. The liquid form is expected to expand at a CAGR of 7.4% over the forecast period. Growing awareness and popularity of liquid form due to its wide usage in beverages such as fruits and vegetables juices, energy drinks, and sodas with the respective taste preference is the key factor driving the segment demand.

Vanilla flavor accounted for the largest market share with a revenue of USD 17.8 in 2018. This flavoring is mostly used in food products due to its benefits such as powerful antioxidant, antibacterial, anti-inflammatory, and cholesterol stabilizers. Fruity flavor is expected to register a CAGR of 7.3% in the forecast period due to increased application in the form of jams and growing research and development expenditure in the respective market. Consumers are demanding healthier options for food spreads and fillings, which, in turn, has driven the demand for fruity flavors.

Major market players have been significantly carrying out research and development to make these products available according to the needs of consumers. For instance, IFF Inc. derives natural ingredients from flowers, fruits, and botanical products with the help of specialized drying technology by eliminating water with best taste, nutrition, and color matrix intact in juice drinks, carbonated beverages, candy chewing gum, yogurt, ice cream, and cheese.

North America was the largest regional market with a revenue of USD 14.2 billion in 2018. The region is expected to maintain its lead over the forecast period. Increasing preference for healthy ready to eat and drink products in U.S. is expected to drive the companies to develop more of biotech flavor infused consumables. Growing consumption of packaged food is another driver for the market growth in the region.

Key players in the global market include Givaudan; Firmenich SA; IFF Inc.; Symrise AG; Wild Flavors; Takasago International Corporation; Mane Flavors; Frutarom; Sensient Technology Ltd.; and Roberetet.

Further key findings from the study suggest:

• By type, fruity flavor is expected to register a CAGR of 7.3% from 2019 to 2025

• The powder form segment dominated the global market and accounted for 47.6% share of the overall revenue in 2018

• North America dominated the market in 2018 and generated a revenue of USD 14.2 billion. This trend is projected to continue over the next few years

• Asia pacific is expected to witness a rise in product demand on account of increase in awareness and adaptability to technological advancement that could majorly benefit health by tracking status in prior

• The biotech flavor market is highly competitive in nature due to presence of the main players including Givaudan

• Various manufacturers are concentrating on new product launches and capacity expansion to estimate existing and future demand patterns from upcoming product segments.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                         1.3.1. Purchased Database
                         1.3.2. GVR's Internal Database
                         1.3.3. Secondary Sources & Third-Party Perspectives
                         1.3.4. Primary Research
                    1.4. Information Analysis 
                         1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing

Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights

Chapter 3. Biotech Flavor Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                         3.3.1. Sales/Retail Channel Analysis
                         3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                         3.4.1. Market Driver Analysis
                         3.4.2. Market Restraint Analysis
                         3.4.3. Industry Challenges
                         3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                         3.5.1. Industry Analysis - Porter's
                              3.5.1.1. Supplier Power
                              3.5.1.2. Buyer Power
                              3.5.1.3. Substitution Threat
                              3.5.1.4. Threat from New Entrant 
                              3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Biotech Flavor Market
                    3.7. Market Entry Strategies 

Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Product Adoption 
                    4.4. Observations & Recommendations

Chapter 5. Biotech Flavor Market: Type Estimates & Trend Analysis
                    5.1. Type Movement Analysis & Market Share, 2018 & 2025
                    5.2. Vanilla 
                         5.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    5.3. Fruity flavor
                         5.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    5.4. Others 
                         5.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)

Chapter 6. Biotech Flavor Market: Application Estimates & Trend Analysis
                    6.1. Application Movement Analysis & Market Share, 2018 & 2025
                    6.2. Dairy 
                         6.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    6.3. Bakery & Confectionery
                         6.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    6.4. Beverages
                         6.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    6.5. Nutraceuticals 
                         6.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    6.6. Others 
                         6.6.1. Market estimates and forecast, 2015 - 2025 (USD Billion)

Chapter 7. Biotech Flavor Market: Form Estimates & Trend Analysis
                    7.1. Form Movement Analysis & Market Share, 2018 & 2025
                    7.2. Liquid 
                         7.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    7.3. Powder 
                         7.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    7.4. Paste 
                         7.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)

Chapter 8. Biotech Flavor Market: Regional Estimates & Trend Analysis
                    8.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    8.2. North America
                         8.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         8.2.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                         8.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                         8.2.4. Market estimates and forecast, by form, 2015 - 2025 (USD Billion)
                         8.2.5. U.S.
                              8.2.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              8.2.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                              8.2.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                              8.2.5.4. Market estimates and forecast, by form, 2015 - 2025 (USD Billion)
                    8.3. Europe
                         8.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         8.3.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                         8.3.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                         8.3.4. Market estimates and forecast, by form, 2015 - 2025 (USD Billion)
                         8.3.5. U.K.
                              8.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              8.3.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                              8.3.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                              8.3.5.4. Market estimates and forecast, by form, 2015 - 2025 (USD Billion)
                    8.4. Asia Pacific
                         8.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         8.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                         8.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                         8.4.4. Market estimates and forecast, by form, 2015 - 2025 (USD Billion)
                         8.4.5. China 
                              8.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              8.4.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                              8.4.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                              8.4.5.4. Market estimates and forecast, by form, 2015 - 2025 (USD Billion)
                         8.4.6. India
                              8.4.6.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              8.4.6.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                              8.4.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                              8.4.6.4. Market estimates and forecast, by form, 2015 - 2025 (USD Billion)
                    8.5. Central & South America
                         8.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         8.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                         8.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                         8.5.4. Market estimates and forecast, by form, 2015 - 2025 (USD Billion)
                    8.6. Middle East & Africa (MEA)
                         8.6.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         8.6.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                         8.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                         8.6.4. Market estimates and forecast, by form, 2015 - 2025 (USD Billion)
                         8.6.5. Israel
                              8.6.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              8.6.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                              8.6.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                              8.6.5.4. Market estimates and forecast, by form, 2015 - 2025 (USD Billion)

Chapter 9. Competitive Analysis
                    9.1. Key global players, recent developments & their impact on the industry
                    9.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    9.3. Vendor Landscape
                         9.3.1. Key company market share analysis, 2018

Chapter 10. Company Profiles
                    10.1. Givaudan
                         10.1.1. Company Overview
                         10.1.2. Financial Performance
                         10.1.3. Product Benchmarking
                         10.1.4. Strategic Initiatives
                    10.2. Bell Flavors and Fragrances
                         10.2.1. Company Overview
                         10.2.2. Financial Performance
                         10.2.3. Product Benchmarking
                         10.2.4. Strategic Initiatives
                    10.3. IFF Inc. (International Flavors & Fragrances Inc.)
                         10.3.1. Company Overview
                         10.3.2. Financial Performance
                         10.3.3. Product Benchmarking
                         10.3.4. Strategic Initiatives
                    10.4. Symrise AG
                         10.4.1. Company Overview
                         10.4.2. Financial Performance
                         10.4.3. Product Benchmarking
                         10.4.4. Strategic Initiatives
                    10.5. Wild Flavors
                         10.5.1. Company Overview
                         10.5.2. Financial Performance
                         10.5.3. Product Benchmarking
                         10.5.4. Strategic Initiatives
                    10.6. Takasago International Corporation
                         10.6.1. Company Overview
                         10.6.2. Financial Performance
                         10.6.3. Product Benchmarking
                         10.6.4. Strategic Initiatives
                    10.7. Mane Flavors
                         10.7.1. Company Overview
                         10.7.2. Financial Performance
                         10.7.3. Product Benchmarking
                         10.7.4. Strategic Initiatives
                    10.8. Frutarom
                         10.8.1. Company Overview
                         10.8.2. Financial Performance
                         10.8.3. Product Benchmarking
                         10.8.4. Strategic Initiatives
                    10.9. Sensient Technologies Corporation
                         10.9.1. Company Overview
                         10.9.2. Financial Performance
                         10.9.3. Product Benchmarking
                         10.9.4. Strategic Initiatives
                    10.10. Roberetet
                         10.10.1. Company Overview
                         10.10.2. Financial Performance
                         10.10.3. Product Benchmarking
                         10.10.4. Strategic Initiatives

List of Tables

1. Biotech Flavor - Key market driver analysis
2. Biotech Flavor - Key market restraint analysis
3. Global vanilla market estimates and forecast, 2015 - 2025 (USD Billion)
4. Global fruity flavor market estimates and forecast, 2015 - 2025 (USD Billion)
5. Global other biotech flavors market estimates and forecast, 2015 - 2025 (USD Billion)
6. Global Biotech flavor market estimates and forecast of dairy, 2015 - 2025 (USD Billion)
7. Global Biotech flavor market estimates and forecast for bakery and confectionery, 2015 - 2025 (USD Billion)
8. Global Biotech flavor market estimates and forecast for beverages, 2015 - 2025 (USD Billion)
9. Global Biotech flavor market estimates and forecast for nutraceuticals, 2015 - 2025 (USD Billion)
10. Global Biotech flavor market estimates and forecast for others, 2015 - 2025 (USD Billion)
11. Global Biotech flavor market estimates and forecast for liquid, 2015 - 2025 (USD Billion)
12. Global Biotech flavor market estimates and forecast for powder, 2015 - 2025 (USD Billion)
13. Global Biotech flavor market estimates and forecast for paste, 2015 - 2025 (USD Billion)
14. North America Biotech flavor market estimates and forecast, 2015 - 2025 (USD Billion)
15. North America Biotech flavor market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
16. North America Biotech flavor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
17. North America Biotech flavor market revenue estimates and forecast by form, 2015 - 2025 (USD Billion)
18. U.S. Biotech flavor market estimates and forecast, 2015 - 2025 (USD Billion)
19. U.S. Biotech flavor market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
20. U.S. Biotech flavor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
21. U.S. Biotech flavor market revenue estimates and forecast by form, 2015 - 2025 (USD Billion)
22. Europe Biotech flavor market estimates and forecast, 2015 - 2025 (USD Billion)
23. Europe Biotech flavor market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
24. Europe Biotech flavor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
25. Europe Biotech flavor market revenue estimates and forecast by form, 2015 - 2025 (USD Billion)
26. U.K. Biotech flavor market estimates and forecast, 2015 - 2025 (USD Billion)
27. U.K. Biotech flavor market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
28. U.K. Biotech flavor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
29. U.K. Biotech flavor market revenue estimates and forecast by form, 2015 - 2025 (USD Billion)
30. Asia Pacific Biotech flavor market estimates and forecast, 2015 - 2025 (USD Billion)
31. Asia Pacific Biotech flavor market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
32. Asia Pacific Biotech flavor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
33. Asia Pacific Biotech flavor market revenue estimates and forecast by form, 2015 - 2025 (USD Billion)
34. China Biotech flavor market estimates and forecast, 2015 - 2025 (USD Billion)
35. China Biotech flavor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
36. China Biotech flavor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
37. China Biotech flavor market revenue estimates and forecast by form, 2015 - 2025 (USD Billion)
38. India Biotech flavor market estimates and forecast, 2015 - 2025 (USD Billion)
39. India Biotech flavor market revenue estimates and forecast by type 2015 - 2025 (USD Billion)
40. India Biotech flavor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
41. India Biotech flavor market revenue estimates and forecast by form, 2015 - 2025 (USD Billion)
42. Central & South America Biotech flavor market estimates and forecast, 2015 - 2025 (USD Billion)
43. Central & South America Biotech flavor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
44. Central & South America Biotech flavor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
45. Central & South America Biotech flavor market revenue estimates and forecast by form, 2015 - 2025 (USD Billion)
46. MEA Biotech flavor market estimates and forecast, 2015 - 2025 (USD Billion)
47. MEA Biotech flavor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
48. MEA Biotech flavor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
49. MEA Biotech flavor market revenue estimates and forecast by form, 2015 - 2025 (USD Billion)
50. Israel Biotech flavor market estimates and forecast, 2015 - 2025 (USD Billion)
51. Israel Biotech flavor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion)
52. Israel Biotech flavor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
53. Israel Biotech flavor market revenue estimates and forecast by form, 2015 - 2025 (USD Billion)
54. Vendor landscape

List of Figures

1. Biotech flavor market snapshot 
2. Biotech flavor market segmentation & scope
3. Biotech flavor market penetration & growth prospect mapping
4. Biotech flavor value chain analysis
5. Biotech flavor market dynamics
6. Biotech flavor market Porter's analysis 
7. Biotech flavor market: Type movement analysis 
8. Biotech flavor market: Application movement analysis 
9. Biotech flavor market: Form movement analysis 
10. Biotech flavor market: Regional movement analysis