What is the current size and annual growth rate of the biotech flavors market?
The biotech flavors market size has grown strongly in recent years. It will grow from $27.53 billion in 2024 to $29.56 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to regulatory support, a shift from synthetic flavors, increasing R&D investments, evolving dietary preferences, and marketing of clean labels.
The biotech flavors market size is expected to see strong growth in the next few years. It will grow to $38.93 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to the expansion of the plant-based foods industry, growth in personalized nutrition, stricter regulations on synthetic additives, expansion in emerging markets, and strategic collaborations in the biotech industry. Major trends in the forecast period include next-generation synthetic biology, AI-driven flavor development, innovations in enzyme engineering, advanced encapsulation techniques, and hybrid bioprocessing models.
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Which major factors have contributed to the expansion of the biotech flavors market?
Rising consumer demand for vegan and plant-based products is expected to propel the growth of the biotech flavors market going forward. Vegan and plant-based products are goods made entirely from plant-derived ingredients, excluding all animal-derived components, such as meat, dairy, eggs, honey, and other by-products. Rising consumer demand for vegan and plant-based products is driven by growing health awareness, environmental sustainability concerns, and ethical considerations surrounding animal welfare. Biotech flavors enhance the taste profile of vegan and plant-based products by replicating natural flavors sustainably, ensuring authenticity and consumer appeal. For instance, in August 2024, according to a report published by the ProVeg International, a Germany-based non-profit organization, in 2023, 38% of respondents indicated that they followed a flexitarian, pescatarian, vegetarian, or vegan diet, an increase from 35% in 2021. Therefore, the rising consumer demand for vegan and plant-based products is driving the biotech flavors market.
How is the biotech flavors market segmented?
The biotech flavors market covered in this report is segmented –
1) By Type: Vanilla And Vanillin, Fruity Flavor, Other Types
2) By Form: Liquid, Powder, Paste
3) By Source: Microbial, Plant, Animal
4) By Functional: Sweeteners, Enhancers, Modifiers, Maskers
5) By Application: Dairy Products, Beverages, Confectionery Products, Non-Dairy Ice-cream, Bakery Products, Nutraceuticals, Other Applications
Subsegments:
1) By Vanilla And Vanillin: Natural Vanilla Extracts, Fermentation-Derived Vanillin, Enzyme-Modified Vanillin
2) By Fruity Flavor: Citrus-Based Flavors, Berry-Based Flavors, Tropical Fruit Flavors
3) By Other Types: Floral Flavors, Spicy Flavors, Herbal And Mint Flavors
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Who are the top competitors in the biotech flavors market?
Major companies operating in the biotech flavors market are The Archer-Daniels-Midland Company, International Flavors & Fragrances Inc., Kerry Group plc, dsm-firmenich AG, Givaudan SA, Givaudan S.A., Döhler GmbH, Frutarom Industries, Centrale Suiker Maatschappij (CSM) N V, Takasago International Corporation, Naturex S.A., MANE SA, Synthite Industries Ltd., Flavorchem Corporation, Bell Flavors & Fragrances Inc., Jeneil Biotech, Conagen Inc., Blue Pacific Flavors Inc., Amines BioTech Pvt. Ltd., Keva Flavours Pvt. Ltd.
Which key trends are expected to influence the biotech flavors market in the coming years?
Major companies operating in the biotech flavors market are focusing on developing innovative solutions, such as natural vanillin flavors, to meet the growing demand for clean-label, sustainable, and plant-based ingredients that align with consumer preferences for healthier and environmentally friendly products. Natural vanillin flavors refer to flavor compounds derived from natural sources, primarily from the vanilla bean or through biotechnological processes like fermentation, that replicate the characteristic sweet, warm, and aromatic flavor of vanilla. For instance, in September 2022, Solvay S.A., a Belgium-based chemical company, launched three new natural vanillin flavors, including Rhovanil Natural Delica, Alta, and Sublima, featuring three innovative natural flavor ingredients. The new flavors offer enhanced versatility, enabling manufacturers to create products with a pure and high-quality flavor profile that aligns with the increasing preference for natural ingredients. These ingredients are designed to meet strict regulatory standards and offer superior stability and performance in various applications.
Which regional trends are influencing the biotech flavors market, and which area dominates the industry?
North America was the largest region in the biotech flavors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biotech flavors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Biotech Flavors Market Report 2025 Offer?
The biotech flavors market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Biotech flavors refer to flavors that are developed using biotechnology processes, such as fermentation, enzyme applications, or microbial cultures, to create or enhance flavor profiles in food and beverages. They are used for developing natural, sustainable, and sometimes more complex or customized flavors without relying on traditional synthetic chemicals.
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