Biotech Ingredients Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 - 2027

The global Biotech Ingredients market size is expected to be worth around US$ 3.01 billion by 2027, according to a new report by Vision Research Reports.

The global Biotech Ingredients market size was valued at US$ 1.60 billion in 2019 and is anticipated to grow at a CAGR of 9.2% during forecast period 2020 to 2027.

Growth Factors

The market growth can be attributed to increasing demand for biotech flavors and fragrance ingredients from the food and beverage segment. Flavors and fragrances form an integral component of different types of consumer products as they have a significant impact on consumers’ purchasing decisions.

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 ,and several other plant extracts, which are manufactured using various techniques, including cold pressing or compression, steam distillation, and solvent extraction.

Report Highlights

In terms of revenue, biotech flavor ingredients accounted for a share of 38.44% in 2019. Flavors can be classified as natural flavors and artificial flavors. Natural flavors are usually sourced from edible essential oils, oleoresins, essence or extract from fruits/fruit juices, spices, vegetables/vegetable juices, herbs, roots, and buds. Artificial or synthetic flavors come from inedible sources, such as petroleum or paper pulp, which are processed to produce aroma chemicals for different flavors.

The natural flavors are difficult to extract and are both time consuming and expensive. Besides, their production is dependent on various factors, such as temperature and climate. Thus, these drawbacks have led the directed research & development teams of the companies to develop different strategies for producing the natural flavor compounds.

In terms of revenue, Europe dominated the biotech fragrance market with a share of 57.66% in 2019. Europe’s high priority for development of bio-based sector along with various strategies and policies to achieve sustainable economic growth is likely to foster the demand for biotech ingredients in the region.
Fragrances are normally derived from plants and are largely dependent on the uninterrupted supply of essential oils for the production of scents for food and drinks, cleaning products, and perfumes. However, a natural disaster or any political disruption can easily affect the supply.
Some of the oils such as patchouli, grapefruit, bitter orange, sandalwood, and rose are difficult to obtain naturally. According to the Chemical and Engineering News, biotech firms like Isobionics Allylix and Evolva have evolved a biotechnological way of genetically engineering yeast and bacteria to produce these plant oils by fermenting sugars.
The skin care segment held the largest share of 51.49% in 2019. Rising global population, along with increasing interest in physical appearance, has led to the growth of the cosmetics market worldwide. Moreover, mounting concerns for aging skin and need for an evenly toned skin are likely to contribute to this growth, which, in turn, is boosting the growth of the global cosmetic ingredients market. However, consumers these days are more concerned about the ingredients being used in cosmetic products. They are shifting towards more natural products derived from natural ingredients.

Changing consumer dynamics have led the cosmetic companies to adopt scientific research and new product developments through sustainable means. Moreover, consumers have become more conscious towards the environment and sustainability issues, which compels these companies to consider this factor while developing new cosmetic ingredients.

In addition, key players in the market are investing in several research and development activities for developing sustainable and innovative products using biotechnology. Moreover, they are entering into strategic alliances with other market players in order to broaden the product portfolio. For instance, in June 2019, Symrise acquired Cutech, an Italian biotech company, which offers screening for cosmetic ingredients and formulations.

In 2019, Europe emerged as the leading market for biotech ingredients in cosmetics and fragrances, accounting for around 37.46% share in the active ingredients market. The growth in the region can be attributed to the development of innovative value chains for producing bio-based ingredients, government initiatives, and increasing production capacities of bio-based chemicals.
North America emerged as the second largest regional market for biotech ingredients. Increasing R&D activities to develop innovative bio-based routes is likely to contribute to the growth of market in this region. Early adoption of biotech ingredients, along with presence of potential industry participants, is likely to boost the regional market growth over the forecast period.

The bio-based economy plays a significant role in the American economy. Emergence of bio-based products, along with innovation in biotechnology, has contributed to job creation, which is likely to drive the bio-based economy of America. Abundant procurement of bio-based feedstock is projected to create ample growth opportunities for the North America market.

Increasing reliance of the flavors and fragrances industry on alternative materials, along with implementation of technologies, such as nanotechnology and stem cell technology, is expected to create demand for biotech ingredients for flavors and fragrances. North America has great potential for the flavors market and demand for biotech ingredients in such market is high owing to changing consumer tastes and rising awareness about nutritional benefits of naturally derived ingredients. This is expected to drive the market for biotech ingredients in this region.

Key Players

  • Givaudan SA

  • International Flavors & Fragrance (IFF), Inc.

  • Firmenich SA

  • Amyris, Inc.

  • Sollice

  • Novocap Group

  • Evolva S.A.

Market Segmentation

  • Flavors Outlook 

    • By Source

      • Bacteria

      • Yeast

      • Filamentous Fungi

    • By Type

      • Carbonyls

      • Lactones

      • Alcohols

      • Acids

    • By Carbonyls

      • Ketones

      • Aldehydes

  • Fragrances Outlook

    • By Application

      • Fine Fragrances

      • Toiletries

      • Others

  • Active Cosmetic Ingredients Outlook

    • By Application

      • Hair Care

      • Skin Care

      • Sun Care

      • Makeup and Color Cosmetics

  • Regional Outlook

    • North America

      • The U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • The U.K.

      • France

    • Asia Pacific

      • China

      • Japan

      • India

      • Australia

      • South Korea

      • Singapore

    • Middle East & Africa

      • Saudi Arabia

      • South Africa

    • Central & South America

      • Brazil

      • Argentina

The Biotech Ingredients market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Biotech Ingredients market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Biotech Ingredients market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Biotech Ingredients market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Biotech Ingredients market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Biotech Ingredients capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Biotech Ingredients by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Biotech Ingredients market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Biotech Ingredients market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Biotech Ingredients market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Biotech Ingredients industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Biotech Ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Biotech Ingredients market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Biotech Ingredients market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Biotech Ingredients market. These factors have benefited the growth of the global market for Biotech Ingredients. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Biotech Ingredients. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Biotech Ingredients are as follows:

  • Historic Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Report Detail

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