From GlobeNewswire: 2024-11-12 08:30:00

The global bio-tech flavor market is set to reach US$ 34.44 billion in 2024 with a projected CAGR of 7.2% over the next ten years. Advancements in biotechnology are transforming the manufacturing of natural flavors by utilizing fermentation, microbial engineering, enzymes, and other technologies.

These techniques enable the efficient synthesis of taste molecules from enzymes and microorganisms, producing high-quality bio-tech flavors at a lower cost. Leading food and beverage producers are embracing bio-tech flavors on a large scale, with North America leading the market due to strong demand for clean-label products.

The global bio-tech flavor market is forecasted to reach US$ 69.03 billion by 2034, with North America expected to hold a significant portion of the market. The East Asian market is estimated to reach US$ 15.95 billion by 2034, with beverages driving a 7.2% CAGR growth in bio-tech flavor applications through 2034.

Demand for bio-tech flavors in South Korea is projected to rise at an 8% CAGR from 2024 to 2034, with microbial produced flavors expected to generate US$ 19.05 billion in revenue by 2034. Leading bio-tech flavor companies are investing in R&D to develop new microbial flavors to meet evolving customer expectations.

Beverage companies are increasingly turning to bio-tech flavors derived from plants over synthetic alternatives to meet consumer demand for natural, clean-label products. Biotechnology enables the production of unique taste compounds that enhance beverages’ sensory characteristics and appeal to a wider consumer base.

Fact.MR offers unbiased analysis of the bio-tech flavor market, providing insights based on form, flavor type, and application across major regions worldwide. The market is witnessing growth driven by advancements in fermentation and microbial engineering techniques, encouraging the adoption of bio-tech flavors in the food and beverage industry.



Read more at GlobeNewswire: Bio-Tech Flavor Market is Expected to a Colossal US$ 69.03