Biotech Ingredients Market -By Fragrance (Toiletries and Fine Fragrance), By Flavor (By Source, By Product, and By Carbonyls), and By Active Cosmetic Ingredient (Hair Care, Skin Care, Sun Care, and Makeup & color cosmetics) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Global Biotech Ingredients market, which accrued revenue worth 1.6 (SD Billion) in 2019, is expected to register a CAGR of 8.5% during the period from 2020 to 2026.

14-Aug-2020 | Number of pages: 110 | Report Code: ZMR-4065 | Report Format : | Status : Published

Abstract

The global Biotech Ingredients market, which accrued revenue worth 1.6 (SD Billion) in 2019, is expected to register a CAGR of 8.5% during the period from 2020 to 2026. The report offers assessment and analysis of the Biotech Ingredients market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Details of the Report:

Report Metric

Details

Base Year

2019

Historical Data

2017 and 2018

Forecast period

2020-2026

Market Representation

Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026

Segments Analyzed

By Flavor, By Fragrance, By Active Cosmetic Ingredient, and By Region

Regions Analyzed

North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa

Introduction

Biotech ingredients are extracted through genetic modification of microbes like bacteria and yeast.  These include essential oils, many plant extracts, and oleoresins. In addition to this, biotech ingredients are utilized massively in various personal care as well as cosmetics items preparations. The products are mainly derived by utilization of solvent extraction, cold pressing, carbon dioxide extraction, and steam distillation methods.

Market Growth Dynamics

Swift industrialization has resulted into large-scale use of scented or flavored items like food & beverages, cleaning & household items, and personal care items. This, in turn, will steer the growth of biotech ingredients industry over the estimated timespan. In addition to this, use of biotechnology for producing active ingredients for its most prominent usage in personal care & cosmetic sector will generate lower carbon footprints with low costs, thereby further embellishing the growth rate of the market over the forecasting years.

Moreover, growing preference for organic items as well as products possessing natural beauty has made the use of biotech ingredients more popular among the cosmetic product manufacturers and this will further steer the market trends. Apparently, rise in the awareness pertaining to hazardous effects of using artificial or synthetic ingredients will prop up the market growth over the estimated timeframe.  

Europe To Continue Its Market Dominance During 2020-2026

The growth of the market in Europe during the forecast timespan is owing to governments in various countries of Europe favoring the product use. In addition to this, EU has introduced schemes promoting the use of biotech ingredients in personal care & cosmetic industry and this will stimulate the regional market growth over the coming years.

The key players influencing the market growth are Givaudan, International Flavors and Fragrances, Inc., Firmenich SA, Advanced Biotech, Isobionics Allylix, Evolva S.A., and Symrise A.G

The global biotech ingredients market is segmented as follows:

By Flavor

  • By Source
    • Bacteria
    • Yeast
    • Filamentous Fungi
  • By Product
    • Carbonyls
    • Lactones
    • Alcohols
    • Acids
  • By Carbonyls
    • Ketones
    • Aldehydes

By Fragrance

  • Fine Fragrances
  • Toiletries
  • Others

By Active Cosmetic Ingredient

  • Hair Care
  • Skin Care
  • Sun Care
  • Makeup and color cosmetics

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Swift industrialization has resulted into large-scale use of scented or flavored items like food & beverages, cleaning & household items, and personal care items. This, in turn, will steer the growth of biotech ingredients industry over the estimated timespan.

The CAGR of the industry is expected to be nearly approximately 8.5% during the forecast timeline.

Europe will contribute remarkably towards the global market share over the estimated timeline.

The key market players include Givaudan, International Flavors and Fragrances, Inc., Firmenich SA, Advanced Biotech, Isobionics Allylix, Evolva S.A., and Symrise A.G.


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