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Global Biotech Flavors Market to Witness Huge Growth by 2029

According to a new study by TMR, the sales of biotech flavors are estimated to reach 134,422 metric tons in 2019. The biotech flavors market is projected to record a Y-o-Y growth of ~9% during the forecast period.

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Global Biotech Flavors Market to Witness Huge Growth by 2029

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  1. Biotech Flavors Market Growth, Developments – Detailed Analysis of Current Industry Figures with Forecasts to 2029 According to a new study by TMR, the sales of biotech flavors are estimated to reach 134,422 metric tons in ​2019​. The ​biotech flavors market​ is projected to record a Y-o-Y growth of ~9% during the forecast period. Growth of the biotech flavors market remains driven by a slew of aspects, which range from increased market demand for clean label products and changing regulations in the food and beverage industry, to growing awareness among consumers.

  2. In this report, the biotech flavors market is classified on the basis of flavor, form, application, and region. The biotech flavors market in North America is expected to contribute ~US$ 1 Bn to the global biotech flavors market by the end of 2029. The beverages segment among the applications in the biotech flavors market is expected to remain dominant during the forecast period in terms of value and volume, due to high usage in the biotech flavors market. Among the form segments of biotech flavors, the liquid segment is expected to account for relatively high value and volume share of the biotech flavors market during the forecast period. Request A Sample of Biotech Flavors Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&re p_id=16178 Uncertain Weather Condition & Political Instability Affecting Raw Material Supply Erratic supply of raw materials due to unfavorable weather conditions, seasonal or crop violations, natural calamities, and political instability is a big problem for natural flavor manufacturers in growing regions. Consistent supply of raw material and quality of flavoring agents dramatically influence the final product quality and consumer acceptance. Enhanced flavor production through the traditional plant breeding process is currently not a mechanism preferred by flavoring agent suppliers, as it does not produce quality flavor. The flavor production system based on plant tissue culture (PTC), microbial fermentation, or bioconversion, overcomes many of these limitation. These bio-tech processes provide the industry with consistent quality and unlimited production capacity at reduced cost. Furthermore, with the introduction of the biotech process, food and beverage manufacturing companies can now produce new compounds or convert low-value substances into high value compounds by bio-transformation. Since flavors are generally expensive as compared to other ingredients of processed foods, the flavor industry is adopting the bio-technology-based system.

  3. Explore Transparency Market Research’S Award-Winning Coverage of the Global Food and Beverages Industry @ https://www.prnewswire.com/news-releases/aquafeed-additives-market-to-exh ibit-5-cagr-to-reach-valuation-worth-us2-2-bn-by-2027-flourishing-aquacultur e-domain-to-drive-growth-finds-tmr-301011577.html Global Biotech Flavors Market: Competitive Landscape Key players in the global biotech flavors market have been profiled in the biotech flavors market report. Some of the main players in the biotech flavors market include ​Givaudan, Sensient Technologies Corporation, Bell Flavors and Fragrances, Symrise AG, International Flavors & Fragrances, Inc., Takasago International Corporation, Frutarom Industries Ltd., Naturex group, Firmenich S.A., and Kerry Group Plc, and many more. Request for Covid-19 Impact Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&r ep_id=16178 About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous

  4. primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Transparency Market Research, 90 State Street, Suite 700, Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email​: ​sales@transparencymarketresearch.com Website​: ​https://www.transparencymarketresearch.com

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