Biotech-based Aroma Ingredients Market
Biotech-based Aroma Ingredients Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Biotech-based Aroma Ingredients Market Size and Growth
The Biotech-based Aroma Ingredients market is experiencing significant growth, driven by rising consumer demand for natural and sustainable products. The market size is projected to reach approximately USD 1.5 billion by 2027, with a compound annual growth rate (CAGR) of around 8% during the forecast period, reflecting increasing innovation and investment in biotechnology.
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Companies Covered
(Covid 19 Impact Covered)
◍ BASF
◍ Givaudan SA
◍ Firmenich
◍ Symrise
◍ Kunshan Asia Aroma Corp
◍ Mane SA
◍ Solvay
◍ Synergy Flavors
◍ Shank's Extracts
◍ Nielsen-Massey Vanilla
◍ Lesaffre
◍ Fujian Zhiyuan Biochemical
◍ Apple Flavor and Fragrance
◍ IFF
◍ Xiamen Caogenlan Industry
◍ Aurochemicals
◍ Xiamen Oamic Biotech
◍ Advanced Biotech
The biotech-based aroma ingredients market features key players like BASF, Givaudan, and Firmenich, focusing on sustainable production and innovation. They leverage advanced fermentation and extraction methods, enhancing flavors and scents. Companies report increasing revenues, driven by consumer demand for natural and eco-friendly products, boosting market growth.
- BASF: €23 billion (2022)
- Givaudan: CHF 5.4 billion (2022)
- Firmenich: CHF 4.9 billion (2022)
Market Segmentation
By Application
Fine Fragrances
Toiletries
Cosmetics
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By Product
Market Growth
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$ X Billion USD
