Published on : Feb 19, 2021
ResearchMoz.us has announced the addition of a report, titled “Global Bio-based Fragrance Market Research Report 2020”. The study provides a detailed assessment of manufacturing trends, advances in synthetic ingredients, and promising avenues. It offers a scrutiny of the prevailing regulatory landscape in various regions. The assessment highlights the impact of recent industry norms on the demand dynamic of bio-based fragrances in plastics, paints and coatings, and special chemicals.
The bio-based fragrances market is evolving on the back of the growing demand for plant-based ingredients in fragrance manufacturing. Numerous regulations and environmental norms drive the development of novel manufacturing methods for harnessing biomass-based ingredients. A growing body of research on the toxicity of ingredients has helped shape the regulations. Advances in flavor testing services in developed regions are bolstering the prospects of the market. Further, growing number of research on botanicals is also fueling the proposition of bio-based fragrances in industrial applications.
Business Proposition of Bio-Based Labels and Authentication Increasing
Growing business proposition of bio-based labels and authentication is boosting the demand for bio-based fragrances in paints and coatings. Growing trend of natural beauty niche in consumer personal care products has made a positive bearing on the bio-based fragrances market. In numerous industries, makers of chemical formulations are making a rapid shift toward bio-based chemicals in paints and plastics industries. This has propelled the revenue prospects of bio-based fragrances market.
Advances in Ingredient Authentication and Validation Boosting Market
Growing popularity of natural fragrances notes has fueled the popularity of bio-based fragrances. Continuous advances in ingredient authentication and validation are boosting the manufacturing of bio-based fragrances.
Some of the key regional markets are Canada, the U.S., France, Germany, the U.K., Italy, China, Japan, South Korea, Russia, Taiwan, Mexico, and Brazil. Major regions contributing ti the revenues to the bio-based fragrances market are Europe, Asia Pacific, North America, and Latin America.
Over the past few years, industrial bioscience companies have been investing in research and development of natural fragrances for various end-use industries. They have strengthened the supply of intermediate chemicals for fermentation-based production processes. They are partnering with fragrance and flavor businesses to unveil proprietary green chemistry. For instance, Amyris and Firmenich have collaborated to develop novel ingredients for bio-based fragrances.
Growing interest of renewable products companies on plant-based ingredients is bolstering the prospects of the bio-based fragrance market. Growing utilization of specialty and performance chemicals in fragrances and flavors in developed regions has fueled the revenue prospects of bio-based fragrances. Further, in this regard, platform chemicals holds a promising potential.
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The study provides an incisive analysis of the competitive dynamics shaping the intensity if competition in the bio-based fragrances market. Strides made by manufacturing of non-toxic paints and chemicals are boosting the prospects. The report takes a closer look at the key strategies adopted by various players to consolidate their positions in the bio-based fragrance market. It also highlights the barriers to entry to new players in various regions, notably in North America, Europe, and Asia Pacific.
Some of the key players in the bio-based fragrances market are Koninklijke DSM NV, BASF, DuPont, Biorizon, IFP Energies nouvelles, and Anellotech.