The ‘Global Biotech Ingredients Market Report,’ published by Reports and Data, offers a panoramic vision of the global Biotech Ingredients market. The report presents accurate details on market size and revenue growth rate over the forecast period. It expounds on the current industry scenario and offers a detailed assessment of the latest and emerging market trends. The report contains key industry statistics presented in a tabular format to give readers an exclusive picture of the global Biotech Ingredients market.
The latest industry analysis report offers in-depth information regarding the key segments and sub-segments of the global Biotech Ingredients industry and emphasizes the current pandemic situation that has significantly disrupted the industry’s growth trend. Key dynamics impacting the market growth include drivers, restraints, opportunities, supply demand ratios, emerging market trends, technological innovations, and value chain analysis. The report further highlights some major challenges, imminent risks and threats, and stringent government policies and regulations that are expected to impede market growth during the forecast period. The report is aimed at enabling readers to gain deep insights into the global Biotech Ingredients market and its core mechanism and capitalize on the favorable market growth prospects. It further offers a concise summary of the Biotech Ingredients market’s intensely competitive landscape and lists down the leading players in the market. This section of the report also highlights the strategic initiatives undertaken by these players for long-term business growth. According to the report, the global Biotech Ingredients market is projected to reach a whopping market size of USD 3.03 Billion by 2027 from USD 1.60 Billion in 2019, registering a robust 8.3% CAGR.
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Biotech Ingredients Industry Overview
The global materials chemicals industry revenue growth can be majorly attributed to increasing demand for essential consumer goods including soaps, detergents, and beauty personal care products worldwide, rising preference for sustainable and eco-friendly raw materials, and growing use of advanced chemicals and raw materials in industries including agriculture, food beverage industries, buildings construction, automotive, packaging, and manufacturing industries. Other major factors driving the growth of this industry are rising pollution levels, increasing environmental awareness, increasing use of technologically advanced chemicals and materials, and rising demand for organic materials.
The shift in consumer buying patterns is another mentionable factor 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 RD activities to develop these ingredients. There has been a constant emphasis on advancements of these ingredients and the launch of various new offerings on the market has 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.
Top Companies Profiled in the Report:
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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Global Biotech Ingredients Market Segmentation: Regional Outlook
- North America
- The U.S.
- Latin America
- Asia Pacific
- Rest of Asia Pacific
- The U.K.
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East Africa
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Source Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Filamentous Fungi
Flavor Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Natural flavor
- Synthetic flavor
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Foods and Beverages
- Cleaning and household products
- Personal care and cosmetics
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