Biotech Ingredients Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2027
The global biotech ingredients market size is expected to reach USD 3.01 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.3% from 2020 to 2027. Growing consumer inclination towards natural and organic products is expected to drive the demand for biotech ingredients over the forecast period. Commercially, biotech ingredients are derived by genetically modifying microbes, such as yeast and bacteria. Biotech ingredients consist of oleoresins, essential oils, and several other plant extracts, which are manufactured using various techniques, including cold pressing or compression, steam distillation, and solvent extraction. Biotech ingredients are widely used in several cosmetic product formulations. Key players in the market are using these ingredients as they are more sustainable and efficacious as compared to petroleum-based products. Besides, use of biotechnology in developing active ingredients for use in cosmetic products is cost effective and generates low carbon footprint, thereby making it more favorable. This is expected to boost the growth of active ingredients segment over the forecast period. Browse Details of Market Report @ https://www.grandviewresearch.com/industryanalysis/biotech-ingredients-market
Moreover, regulatory norms and regulations related to biotech ingredients are strict, which are required to be followed at both the national and international levels. In North America, the FDA (food and drug administration), USDA (U.S. Department of Agriculture), and EPA (U.S. Environmental Protection Agency) regulate plant and animal biotechnology products. Each of these regulatory bodies have chalked out certain regulations and published guidance documents in order to ensure the safety and effectiveness of biotechnology products. Several industry participants are involved in new and innovative product launches and strategic alliances, such as mergers & acquisitions. For instance, in October 2019, Mibelle Biochemistry, a cosmetic ingredient manufacturer, launched IceAwake, a biotech ingredient developed using glacial melt. The ingredient reduces the ageing process of skin occurred due to sleep deprivation. Biotech Ingredients Market Report Highlights
In 2019, Europe emerged as the leading market for biotech ingredients in active cosmetics and fragrances ingredients, accounting for 37.4% and 32.7% share respectively. Demand for biotech ingredients is growing in the region on account of large consumer base and end-use sectors
The industry is consolidated and highly competitive due to the presence of major global players, such as Givaudan, Firmenich SA, Advanced Biotech, and Symrise A.G.
Biotech Ingredients Market Segmentation Grand View Research has segmented the global biotech ingredients market on the basis of flavors, fragrances, active cosmetic ingredients, and region: Biotech Ingredients Flavors Outlook (Revenue, USD Million, 2016 - 2027) By Source
o
Bacteria
o
Yeast
o
Filamentous Fungi
By Product o
Carbonyls
o
Lactones
o
Alcohols
o
Acids
By Carbonyls o
Ketones
o
Aldehydes
Biotech Ingredients Fragrances Outlook (Revenue, USD Million, 2016 - 2027) By Application o
Fine Fragrances
o
Toiletries
o
Others
What questions do you have Get quick response from our industry experts @
https://www.grandviewresearch.com/request-free-consultation/5334/rfc Biotech Ingredients Active Cosmetic Ingredients Outlook (Revenue, USD Million, 2016 2027)
By Application o
Hair Care
o
Skin Care
o
Sun Care
o
Makeup and color cosmetics
Biotech Ingredients Regional Outlook (Revenue, USD Million, 2016 - 2027) North America
o
U.S.
o
Canada
o
Mexico
Europe o
Germany
o
U.K.
o
France
Asia Pacific o
China
o
Japan
o
India
o
Australia
o
South Korea
o
Singapore
Middle East & Africa o
Saudi Arabia
o
South Africa
Central & South America o
Brazil
o
Argentina
List of Key Players of Biotech Ingredients Market Givaudan SA
International Flavors & Fragrance (IFF), Inc.
Firmenich SA
Amyris, Inc.
Sollice
Novocap Group
Evolva S.A.
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 1.3.4 Third Party Perspective 1.3.5 Primary Research 1.4 Information Analysis 1.4.1 Data Analysis Models 1.5 Research Scope and Assumptions
Chapter 2 Executive Summary 2.1 Market Snapshot Chapter 3 Biotech ingredients Industry Outlook 3.1 Market size and growth prospects, 2016 - 2027 3.2 Biotech ingredients value chain analysis Continue……….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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