Biotech Flavors Market - Forecast(2021 - 2026)
Biotech Flavors Market size is estimated to be $37.3 billion in 2019, growing at a CAGR of 6.8% during the forecast period 2020-2025.Increasing awareness of nutritional benefits from biotech , rising use of biotech flavors in cakes & confectionary, use of biotech in pharmaceutical and cosmetic is a major factor driving the Biotech Flavors Market during the forecast period 2020-2025. Futher more, recent developments in microorganisms and transgenic research have spawned numerous studies in the use of metabolic engineering of biosynthetic pathways to produce high-value secondary metabolites that can enhance the flavors of food products. In addition it is playing an important role in breeding of food crops for enhanced flavor. With a larger section of the employed population, the demand for convenience flavored foods is higher which is likely to boost the economic income of the biotech flavors market in the coming years. Report Coverage The report: “Biotech Flavors Market Forecast (...