Global Biotech Ingredients Market Share, Industry Trends, Size, Growth Rate 2022-2027

According to the latest report by IMARC Group, titled, “Biotech Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global biotech ingredients market reached a value of US$ 53.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 72.6 Billion by 2027, exhibiting a CAGR of 5.16% during 2022-2027.

Biotech ingredients are made using organisms like algae, yeast, and bacteria that undergo deoxyribonucleic acid (DNA) editing to improve the metabolic process of microbes. These ingredients are cost-effective and generate a low environmental impact than ingredients processed using petrochemicals. At present, the growing consumer awareness about household cleanliness and hygiene is catalyzing the demand for biotech ingredients in household cleaners and disinfectants.

Request for a sample copy of this research report:

Market Trends

At present, biotech ingredients are employed in the manufacturing of personal skincare care and cosmetic products like face serums, moisturizers, lotions, perfume, body mists, face wash, cheek tints, face masks, and face gel to regenerate aging tissues and cells. They are also used to discover, develop, and produce components of cosmetic formulations and evaluate the activity of these components on the skin. Along with this, increasing sales of hybrid skincare and cosmetic products on account of expanding purchasing power of the consumer represents one of the major factors bolstering the market growth around the world.

Moreover, key players are introducing biomimetics, 3D bioprinting, and plant tissue culture technologies to develop next-generation personal care and cosmetic products. They are also focusing on recycling, sterilizing, and disposing of the waste produced during the manufacturing process, which helps reduce the carbon footprint of raw materials and favoring the market growth. In addition, they are used in the food and beverage (F&B) industry to enhance the quality, aroma, flavor, texture, shelf life, and nutritional values of various baked goods and alcoholic drinks like bread, muffin, pizza, cookies, wine, beer, and cakes. Along with this, shifting consumer preferences towards ready-to-eat (RTE) food products due to rapid urbanization and busy lifestyles is contributing to the market growth. It can also be attributed to the rising demand for premium alcoholic beverages on account of the emerging trend of socializing and parties among working professionals and young adults.

Apart from this, the escalating demand for biologics and generic drugs due to expanding healthcare costs is driving the need for biotech ingredients in the pharmaceutical industry. The rising prevalence of infectious and chronic disorders among the masses and the growing geriatric population, which is more prone to developing medical conditions, is creating a positive outlook for the market. Extensive investment in research and development (R&D) activities by leading manufacturers to produce better-quality, low-cost APIs that facilitate the treatment of diseases is also expected to drive the market towards growth in the upcoming years.

Breakup by Type:

  • Yeast
  • Algae
  • Others

Breakup by Application:

  • Food and Beverages
  • Personal Care and Cosmetics
  • Cleaning Products
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • AbbVie Inc.
  • Advanced Biotech
  • Amyris Inc.
  • Becton Dickinson and Company
  • Bell Flavors & Fragrances Inc.
  • Bruker Corporation
  • Evolva AG
  • Evonik Industries AG
  • GlaxoSmithKline plc.
  • International Flavors & Fragrances Inc., Merck KGaA and Sanofi SA.

Ask Analyst for 10% Free Customized Report:

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Related Reports By IMARC Group

Antibacterial Glass Market Size

Propylene Oxide Market Analysis

Margarine Market Report Trends

Laboratory Filtration Market Share

Brain Implants Market Report

Solid Oxide Fuel Cell Market Trends

Dashboard Camera Market Share

Wallpaper Market Growth

Virtual Reality Headset Market Trends

Smart Transportation Market Share

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Leave a Comment