Synthetic Biology Propels the $25 Billion Flavors and Fragrances Industry
The Nascent Technology Is Key to the Industry's Shift From High Costs Toward a More Affordable and Sustainable Path to Meet Consumers' Demand, Says Lux Research
(firmenpresse) - BOSTON, MA -- (Marketwired) -- 08/25/15 -- The multi-billion dollar flavors and fragrances (F&F) industry is increasingly tapping biotechnology and synthetic biology to reinvent itself from an unsustainable high-cost, high-risk path, according to .
Over the past decade, biotechnology tools -- such as fermentation and enzymatic transformation -- have begun offering a sustainable and natural path, besides the promise of lower cost, in the search for superior F&F production methods -- though technical challenges remain.
"The largest hurdle to adopting these promising new ways of producing F&F compounds is scaling up production," said Meraldo Antonio, Lux Research Associate and lead author of the report titled, "."
"However, the early success of companies such as Amyris and Evolva suggests these challenges are not insurmountable," he added.
Lux Research analysts took an overview of the F&F industry, besides conducting a comparative analysis of production methods. Among their findings:
According to , the top 10 players in the industry account for 80% of the $25 billion flavors and fragrances market. The consolidation of market share has created a highly competitive dynamic for leaders seeking novel ways to meet consumer desires.
Driven by health concerns and a growing distrust of the food industry, consumers overwhelmingly favor natural products and are willing to pay a premium for clean label products and "free-from" foods. Additionally, there is a growing demand for diversification of products, creating opportunities for the development of new F&F compounds.
Over the past few years, several developers of alternative F&F production technologies have entered the space. Among them, farnesene developer Amyris leads the pack with strong performance in both business execution and technology. It also has numerous partners in Top 10 F&F houses such as Firmenich, IFF, and Takasago.
The report, titled "Eau d''coli: Application of Biotechnology in Flavors and Fragrances," is part of the Lux Research and the Lux Research services.
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit for more information.
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Datum: 25.08.2015 - 05:30 Uhr
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