Reports and Data has recently published a novel report on global Biotech Ingredients market to provide details about ongoing and upcoming activities in the Biotech Ingredients industry. The global market is expected to reach USD 3.03 billion in 2027 from USD 1.60 billion in 2019 with a CAGR of 8.3%. The research report offers in depth information about market share, market size, revenue growth, drivers, restraints, limitations, growth opportunities and top companies in the market.
The materials and chemical market is rapidly expanding in terms of revenue in the recent years and over the forecast period owing to increasing demand raw materials and chemicals for various industrial applications such as paper and paint, food and beverages, healthcare and pharmaceutical, manufacturing, construction and agriculture. Revenue growth of the global Biotech Ingredients market is attributed to factors such as rapid industrialization and urbanization, increasing awareness about green energy, rising inclination towards eco-friendly and biodegradable products, and rising presence for packaged food. In addition, increasing investments in research and development activities, rising disposable income and increasing demand for products such as soaps, detergents, perfumes for daily usage are fueling market growth.
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Increasing demand for essential consumer products including soaps, detergents, perfumes, etc., growing production of environmentally sustainable chemicals and raw materials, and technological advancements in chemical and material manufacturing processes are some of the key factors driving the growth trend of the global materials & chemicals market. Rapidly surging demand for organic chemicals and high-performance specialty chemicals in the oil & gas, pharmaceutical, pulp & paper, personal care & cosmetics, food & beverage, agriculture, and textile industries is another important parameter for market growth.
Leading Market Competitors:
Bell Flavors & Fragrances, Inc., Advanced Biotech, Sigma-Aldrich (Millipore Sigma), Frutarom Industries Limited, International Flavors & Fragrance (IFF), Inc., Givaudan SA, Firmenich SA, T.Hasegawa Co., Ltd., Hayashibara Co., Ltd. and Amyris, Inc.
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Foods and Beverages
Cleaning and household products
Personal care and cosmetics
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Regional and Country-wise Segmentation of the Global Biotech Ingredients Market:
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
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