The World Biotech Flavors Market
Transcription
The World Biotech Flavors Market
Science Market Regulation UBIC 2014 Marketing Development Strategy Consulting Partnership searches Informations systems Technical & Competitive Scanning – Regulations – Manufacturers The purpose of this proposed study is to provide a global view of The biotech flavors sector and the potentialities of this market. It describes the market size, trends and growth prospects, the supply and level of competition. MARKET ANALYSIS APPLICATIONS •Market size (volume, value, segmentation) • New trends and perspectives • Dairy Products •Biotech Flavors manufacturers and Level of • Beverages competition • Confectionery and Chocolate • Most promising molecules • Ice creams • Regulations • Biscuits • Patents MARKETS COVERED • North American Market • European Market • Asian and Pacific RIM Market FLAVOURS COVERED • Vanilla Flavor and Vanillin • Fruity Flavor • Microbial Produced Flavors • Other Flavors • Essential Oils THE WORLD BIOTECH FLAVOURS MARKET OBJECTIVES MARKET Market size Applications and Regulations Technical and Scientific Scanning Development Key Factors MANUFATURERS Industrial players and Start ups MARKET OVERVIEW The global flavor and fragrance market is rising with an annual growth rate from 5 to 6% valued at an estimated $23.9 billion in 2013. Flavor compounds have the lion part of the global market value, ahead of fragrances and essential oils. Flavors represents the largest segment in the overall specialty food ingredients market. The Global consumption of Flavors is mainly dominated by beverages sector followed by the dairy industry. Synthetic Vs Natural flavors The market of the synthetic flavors has tended for a few years to decrease, witness of the attraction of the consumer for more natural products. The global market for natural flavors, excluding seasonings and flavoring materials, is growing with a CAGR of 9,1%. The global market for natural flavor materials is represented by the table below. 2014 Sales and market position Flavours trends RESEARCH New researches and new developments 2016 CAGR Production in tonnes Market by Region Of the main global regions, the combined flavors and fragrances market is largest in North America, followed by Asia-Pacific and Western Europe. The European market and American together fill more than the half of the worldwide consumption of flavors and fragrances. In 2013, the EU sales of flavorings represent the third of the global market. This figure is followed by the United States and Asia. Market structure In 2013, the top 11 flavor and fragrance companies comprise 81.4% of the total. In terms of structure, the flavor and fragrances industry is highly fragmented and the top few players account for 81,4% in 2013. Givaudan, Firmenich, IFF and Symrise comprise more than half of the overall value. The rest half of the market comprises of several mid and small size firms. Essential Oils The Essential oils market is growing with a CAGR of about 5.2%. It is estimated that about 65% of world production emanates from developing countries. The United States is the largest importer and consumer of essential oils, with consumption equaling about 40% of the total production. THE WORLD BIOTECH FLAVOURS MARKET OBJECTIVES MARKET Market size Applications and Regulations Technical and Scientific Scanning Development Key Factors MANUFATURERS Industrial players and Start ups Sales and market position Flavours trends BIOTECH FLAVOURS: APPLICATIONS AND REGULATIONS Biotech flavors could replace some natural flavors, being manufactured within a controlled environment and at a lower cost. They can also replace some Nature identical flavors, and justify a natural label. To succeed in the biotech flavor market, a flavor supplier should control the entire production chain, from raw materials to product protection. Therefore he should also manage the fermentation process to obtain a good yield of the targeted molecule, and he must know the customers trends and the flavors in fashion. The biotech flavor market, which is at a stage of development, can also be characterised as a push market. In order to better understand these market evolutions the questions that should be answered are: Which biotech flavours will be used ? In which market segments ? What will make a biotech molecule successful i.e. To identify the price, purity and its multiple usage. The most promising biotech flavours RESEARCH New researches and new developments Vanillin d deca/dodecalactone applications for General flavor Applications Vanilla Dairy products, Icecreams Confectionery, Beverages, Tobacco Cream, butter Low fat products, Dairy products Furaneol Strawberry Dairy products, Icecreams,Beverages Raspberry ketone Raspberry Dairy products, Icecreams,Beverages Cis-3-hexenol Green Dairy products,« New age » beverages Nootkaton Grapefruit Dairy products, Beverages REGULATIONS Flavors and flavor compounds are prepared for several different types of market world-wide. The differences concern how products are produced and labeled and therefore essentially legislative, since there are no organoleptic differences between pure samples of the same flavor compound produced by chemical or biochemical routes. Regulation is not homogeneous in the US and in Europe but the most important distinction is between natural and synthetic flavors. The term “natural” may only be used for substances or preparations derived directly from an animal or vegetable material. The statement “identical to natural flavorings” has been removed. The regulation of flavors is not yet uniform in all European countries: it differs according to the countries and the applications. But generally, the laws are stricter in Europe than the U.S. THE WORLD BIOTECH FLAVOURS MARKET OBJECTIVES MARKET Market size Applications and Regulations Technical and Scientific Scanning Development Key Factors MANUFATURERS TECHNICAL AND SCIENTIFIC SCANNING In Europe, biotech flavors are classified with natural flavors and they do not have specific regulation; they must be really natural and must not come from genetically modified organisms. There are also other labelling issues to be aware of : Kosher status (products prepared according to the Kosher dietary laws of the Jewish faith) GRAS (products made using biocatalysis by enzymes or microorganism Generally Recognised As Safe). ABOUT TECHNICAL ASPECTS Industrial players and Start ups Sales and market position Flavours trends RESEARCH New researches and new developments While new, distinctive flavor have always given manufacturers their competitive edge, recent techniques of processing, packaging, and marketing have posed problems related to flavor loss that require the skills and expertise of flavor houses. A customised solution, involving special flavoring substances and ingredients, or techniques for flavor development, must be developed in order to fit the individual requirements of that particular application. UBIC focuses therefore on protection systems, interactions flavor/matrix and on interactions flavor/process. By trying to satisfy consumer demands for more convenient and healthy foods, while still maintaining flavor, manufacturers are sometimes forced to look for different ways to protect the flavor quality. Consumers want microwaveable, refrigerated and shelf-stable foods that can be cooked in microwave oven or are otherwise easy to prepare and consume. Flavor processing is developed to protect flavors and optimize flavor release in a finished good. In that respect, the main processes used commercially are: spray-drying and extrusion. These techniques provide flavors in a dry form which is then incorporated in the final product. Other protecting processes are also utilised such as inclusion in beta-cyclodextrines or specific encapsulation processes in modified starch derivatives or vitreous state of starches or sugars which are known to increase the stability of the flavor in a medium up to 85% humidity. INTERACTION FLAVOR/MATRIX Consumers also want healthy versions of regular products that have low fat, cholesterol, salt and sugar. Flavoring the reduced fat foods is not as easy as adding a fat or butter flavor to the product. Fat plays several roles in the taste profile. In addition to their release, intensity and balance, it can affect the distribution and migration of flavors. THE WORLD BIOTECH FLAVOURS MARKET OBJECTIVES MARKET Market size TECHNICAL AND SCIENTIFIC SCANNING Since, the relationship between fat and flavor is so strong, a system’s approach is necessary for flavoring the reduced fat foods. A similar approach is necessary when flavoring is done to the reduced calorie products. Applications and Regulations When sugar is replaced with a high intensity sweetener, the flavor needs to be modified to accommodate this change in flavor impact. Technical and Scientific Scanning Also, bulking agents used to replace the functional properties of sugar often contribute off-notes. Through reformulation flavor chemists and food technologists are able to mask these undesirable qualities. At the same time, they strive to provide the characteristic sweetness and flavor impact of the original product, in order to meet customer expectations. Development Key Factors MANUFATURERS Industrial players and Start ups INTERACTION FLAVOR/PROCESS Type of protection system Particule’s size (µm) % of active principle incorporat ed RESEARCH New researches and new developments Considering the Flavoring/Process interaction, the flavor and food ingredient have followed the same market approach which is to develop their knowledge of the food systems and study in depth the food processes. Thanks to this full knowledge, they are and will be more and more the leader of this food-chain. Beverages, seasoning begore drying Citrus fruits, cinnamon, butter flavor Emulsion 0.1 - 1 Spray-Drying 5 - 200 Co -cristalisation 5 - 25 Extrusion 1-2 8 - 20 Beverages, cake, desserts, citrus fruits, strawberry, vanilla, menthol, coffee, onion Coacervation 5 - 5000 80 - 90 Beverages, cake, desserts, citrus fruits, strawberry, vanilla, menthol, coffee, onion Inclusion 10 - 100 6 - 15 Spices, onion, garlic Coating > 100 B-cyclodextrine 6.5Å 10 - 50 Beverages Sales and market position Flavours trends Use Tea,Chewing gum, Citrus THE WORLD BIOTECH FLAVOURS MARKET DEVELOPMENT KEY FACTORS OBJECTIVES Examples of Factors Influencing Biotech Flavors Development MARKET Growing factors KEY FACTORS KEY SUCCESS FACTORS Market size Applications and Regulations Technical and Scientific Scanning Development Key Factors To understand the world market for bio-flavors it is necessary to find answers to the following questions: MANUFATURERS Industrial players and Start ups Sales and market position Flavours trends RESEARCH New researches and new developments Will food industries accept biotech flavors in spite of generally higher prices than for those for flavors currently used ? Which flavors are the most attractive to develop by biotech ? Are there new market segments ? New trends that cannot be achieved by extractions or synthesis ? And what are their general requirements ? (process, substrate, flavor purity etc) What is the best approach to successfully market a biotech flavor ? Which flavors are the most profitable to obtain by biotech ? How much are the consumer prepared to pay and what is the price elasticity ? Will suppliers start to offer a wide range of biotech flavors ? Is it likely that there will be a change of regulations in the near future, in US, in Europe ? Inhibiting factors Price Vanillin High demand – Simple flavor d deca/dodecalactone Natural extract does not exist Precursor High demand from industrial users Expensive fermentation substrate Expensive fermentation substrate Fermentation conditions must be optimised Price Furaneol Rasberry ketone Cis-3-hexenol Nootkatone Few natural extracts (and expensive ones) Green note demand – Few suppliers Few suppliers NECESSITY FOR A COMPREHENSIVE, INTEGRATED INDUSTRIAL APPROACH A broad knowledge of the parameters governing the use of flavors in a particular industrial segment is essential for decision and action. This study will include : The Research & Development level, which provides the technical approach and background. The Purchasing level, which defines price criteria and elasticity. The Marketing level, which decides whether to commercialize or not a «natural label», in response to the specific regulations of the country concerned. THE WORLD BIOTECH FLAVOURS MARKET OBJECTIVES MARKET Market size Applications and Regulations Technical and Scientific Scanning Development Key Factors MANUFATURERS Industrial players and Start ups FLAVOURS TRENDS The fashion is for flavors "closer to the fruit found in the nature" "more true and fresher" (according to Mane company ). The preparation of flavors by extraction them from natural resources is less widely used now, whereas the employment of new biotechnological processes, using enzymes and microorganisms as an alternative to chemical synthesis, has increased considerably in the last decades and it plays nowadays an increasing role in the food industry. Flavors trends for 2013 are leaning toward mixing the exotic and spicy or traditional flavors such as blueberry with cardamom and corn masa with tamarind. Dairy Products Many varieties of dark fruits feature in the current top and fastest growing flavors in the dairy category. Classic combinations are used in new dairy products like: mango/peach and strawberry/granola. Sea salt/caramel continues to be a popular combination in dairy products . Chocolate confectionery Desserts are used as flavors: Milkshake and ice cream flavored chocolate being launched. Vegetable-chocolate combination: Chocolate covered potato chips. Floral notes in chocolate products A wide range of unusual fruit including peach, strawberry, raspberry and cherry were added to chocolate. Sales and market position Beverages Flavours trends RESEARCH New researches and new developments Herbs, spices, honey, superfruits and other healthy flavors are driving flavor trends in the global beverage market. In 2014, the top soft drink flavors in all region as well as globally are: Orange, lemon, mango and peach. Vanillin is such a valuable ingredient, it has very high demand and prices in the world for its popular uses in flavoring ice creams and soft drinks. It was one of the world's most important flavor compounds. THE WORLD BIOTECH FLAVOURS MARKET OBJECTIVES INDUSTRIAL PLAYERS COMPANIES COVERED MARKET Market size Applications and Regulations Technical and Scientific Scanning Development Key Factors MANUFATURERS Industrial players and Start ups Sales and market position North America (USA) Flavours trends RESEARCH New researches and new developments MENA Europe - BELL FLAVORS & FRAGRANCES - SENSIENT - ALLYLIX - AMYRIS - IFF - SYMRISE (DE) MANE (FR) ROBERTET FLAVORS INC (FR) SAF ISIS (FR) NATUREX (FR) GIVAUDAN (CH) NESTEC (CH) ISOBIONICS (NTH) EVOLVA (SW) Kerry (IRL) WILD FLAVORS (G) EVOLVA BIOTECH - FRUTAROM (IL) Asia - - T. HASEGAWA (JP) TAKASAKO (JP) CHINA FLAVORS AND FRAGRANCES CO LTD (CHN) HUABAO INTERNATIONAL HOLDINGS LTD (CHN) THE WORLD BIOTECH FLAVOURS MARKET TABLE OF CONTENTS 1. INTRODUCTION 2. THE GLOBAL MARKET FOR FLAVORS 3. MARKET 3.1Promising Molecules 3.2Key Factor of Success 3.3Patents 3.4Regulations 3.5The Market 3.5.1The European market 3.5.2The North American market 3.5.3The Asian and Pacific RIM market 4. MARKET TRENDS BY FOOD SEGMENTS 4.1Applications 4.2Flavors’ trend in dairy market 4.3Flavor’s trend in the global chocolate confectionery market 4.4Flavor’s trend in the global beverage market 4.5The Vanilla Market 5. FLAVOR TRENDS AND SCIENTIFIC SCANNING 5.1Generalities 5.2Biocatalytic production of Flavors 5.3Vanilla 5.3.1The Vanilla 5.3.2Molecules and production processes 5.3.3Vanillin 5.3.4Ethylvanilline 5.3.5Biotech vanilla 5.3.6Applications and outlook 5.4Fruity Flavors 5.5Other Flavors 6. CONCLUSIONS 7. INDUSTRIAL PLAYERS 7.2Key biotech molecules in the market 7.3Molecules of interest to develop: producers' view 7.4Producers of molecules: by means of biotechnology 8. PATENTS 9. NEW POSSIBLE DEVELOPMENTS 9.1An example: Saccharomyces cerevisiae 9.2Future for flavor production by micro-organisms 9.3Main limits 9.4Production of purified molecules 9.5Technical solutions 10. SUPPLIERS 10.1Flavors Associations and Organizations in the World 10.2Experts advice 11. REGULATION 11.1Subject relevant to the European Regulation 11.2Subject relevant to local regulation 11.3UK Regulation 11.4US Regulation 11.5Canada Regulation 11.6Chinease Regulation 12. INDUSTRIAL PLAYERS IN THE SWEET FLAVOR MARKET BELL FLAVORS & FRAGRANCES (US) FRUTAROM Industries Ltd. (IL) SYMRISE AG (DE) GIVAUDAN (CH) SENSIENT Technologies Corp (USA) T. HASEGAWA (J) INTERNATIONAL FLAVORS & FRAGRANCES INC IFF (US) NESTEC (CH) MANE (F) ROBERTET FLAVORS INC (Fr) SAF ISIS (F) TAKASAGO (J) WILD Flavors GmbH (ADM) Germany Kerry Inc. (IRL) Naturex SA (F) CHINA FLAVORS AND FRAGRANCES COMPANY LTD (CHN) HUABAO INTERNATIONAL HOLDINGS LIMITED 13. F&F BIOTECHNOLGY START-UPS ALLYLIX (US) AMYRIS INC (USA) ISOBIONICS (Nth) EVOLVA Biotech SA (SW) THE WORLD BIOTECH FLAVOURS MARKET LISTE OF FIGURES Figure 1: the F&F Market by Section 2013 Figure 2 World F & F market 2013 Figure 3 Global share of usage of all flavors by segment, % share of volume Figure 4 World food flavors market: scope by end uses, Figure 5 Global market for flavors, (US$ Million) Figure 6 World flavors and fragrances market: scope of geographical areas 2013 Figure 7: The Global Consumption of Flavors and Fragrances by Region Figure 8 World Flavor and Fragrance Demand Figure 9 Share of manufacturers in Food Flavor and Fragrance market Figure 9 Share of manufacturers in Food Flavor and Fragrance market Figure 10: Competitive landscape of Food Flavor and Fragrance industry/ Sales by company (2013) Figure 11: Natural and synthetic flavors market 2014 Figure 12 Values of Flavors in food and drinks in Western Europe for year 2009 (Left) and estimations for 2014 (Right) Figure 13: Composition of western European flavors market 2009-2014 (Mio €) Figure 14 Natural Flavors volume usages by food and drink category Figure 15 Annual average growth, 2009-2014, uninflated Figure 16 Growth in values, 2009-2014 (€m) Figure 17: The world Major consumers of essential oils 2013 Figure 18: European production of essential oils Figure 19: Annual growth rates of exports, 1998-2012 (in percentage by year) Figure 20 Trade Balance by MDG regions 2012 Figure 21: Main importing markets of essential oils from US 2013 Figure 22: Main exporting markets of essential oils to US (2013) Figure 23: Flavor & Fragrances Market forecast Figure 24: The global Market forecast for Flavors and Fragrances Figure 25: The global consumption forecast of Flavors and Fragrances by Region (2017) Figure 26 Western Europe: Share of value of flavors by segment, 2009 Figure 27 Western Europe: Share of value of wellness foods by benefit, 2009 Figure 28: Composition of EU flavors import Figure 29: Imports of flavors by EU and EFTA (Mio €) Figure 30: The US Flavor Additives, Flavor Enhancers, Sugar Substitutes, And Spices Market Estimation 2014-2019 Figure 31 Overall U.S. market for food by types and materials, 2009 LISTE OFadditives TABLES and 2014 Figure 32: India Category Market Share in 2014 Figure 33: Category and Indian Flavor market by Category 2009-20 Figure 34: F&F Chinese Company Number Evolution Figure 35: Chinese F&F production and sales Figure 36: Chinese F&F production and trade Figure 37: Chinese F&F breakdown Figure 38: Global Market for Fragrances by Product line Figure 39: Global Market for Flavors by Product line Figure 40: The World Flavored Milk Market by Region Figure 41 : Beverage flavors analysis (Jan 2008-May 2013) Figure 42 The Vanilla market in 2009 ($650 million) Figure 43 US Vanilla Bean Imports, 2011 Figure 44: 2012 US Vanilla Imports Figure 45: EU Imports of vanilla oleoresin from developing countries, in € million 2013 Figure 46: EU Imports of vanilla oleoresin from other countries, in € million 2013 Figure 46 US Imports of Madagascan Vanilla Volumes in Kg 2007-2011 Figure 47: Food Enzymes Market Share by Region 2013 Figure 48 Industrial Enzymes Market, by Geography, 2013 in MIO $ Figure 49: Examples of flavors produced by microbial bioconversion of the precursors Figure 50 Chemical structure of Vanillin Figure 51 Use of Menthol by market segment Figure 52 Biosynthesis of Furaneol Figure 53 Citrus Oil‘s conventional process Figure 54 Biotechnological processes for the production of flavor compounds THE WORLD BIOTECH FLAVOURS MARKET LISTE OF TABLES Table 1: Flavor & Fragrance Industry Leaders 2013 Table 2 Cumulated imports of flavoring substances mixes, for beverages and others food industries Table 3 Main importers (in value and %) Table 4 World imports (Imp.) and exports (Exp.) of essential oils, perfume and flavor materials 1998-2012, in current prices Table 5 List of top Importers for essential oils, perfumes, cosmetics and toiletries (in US Dollar thousand) 2009-2013 Table 6 List of top Exporters for essential oils, perfumes, cosmetics and toiletries (in US Dollar thousand) 2009-2013 Table 7 Specified Condiments and Flavoring Materials: Approximate New York Spot Prices Table 8 World production of essential oils Table 9: World Flavor & Fragrances Demand by Region: (2016) Table 10: list of top 10 importers of Food flavors 2013 Table 11: list of top 10 exporters of Food flavors 2013 Table 12 The global use of flavors in sugar and gum confectionery, 2008-2012 Table 13 The 15 most popular ice cream flavors Table 14 The global use of flavors in chocolate confectionery, 2008-2012 Table 15 Inventory of patents deposited since 1980 Table 16 The European consumption of F&F: breakdown by country Table 17: Indian Flavor Market by Section 2011-2014 in Mio $ Table 18: Top 12 Food and beverage flavors in 2014 Table 19 Top 5 emerging flavors in each sector Table 20: The World Top and new flavors in soft drinks 2014 Table 21 World Top Vanilla Importers 2009-2013(USD Thousand) Table 22 World Top Vanilla Exporters 2009-2013 (USD Thousand) Table 23 Vanilla Import Export Numbers (MT) Table 24 Vanilla Bean – World Price per kg Table 25 EU production of Vanilla per product group, in 1,000 tons. Table 26 High / Low prices for Vanilla on main European port basis, January 2011, prices per tons Table 27: The World Production of Vanillin per year Table 28 : Main Vanillin Exporter and quantity exported Table 29 : Top 10 of Vanillin Exporter Table 30 Global industrial enzymes markets by application sectors, 2009-2016 ($ millions) Table 31 Main uses of enzymes in flavor technology Table 32 Microbial sources of lipase and their applications in food processing Table 33 In vitro lipase-mediated synthesis of flavor esters Table 34 Some Microbial produced flavor compounds and corresponding bioprocess feature. Table 35 Main drawbacks during microbial flavor production and biotechnological strategies Table 36 Chemical composition of processed vanilla beans Table 37 Physical properties of Vanillin Table 38 Different commercialized molecules of Menthol Table 39 Physico-chemical properties of menthol Table 40 Foods rich in gamma-lactones Table 41 Benzaldehyde concentration in different Food products (in ppm) Table 42 Valencene and Nootkatone Prices and market size 2012 Table 43 Conventional process vs. Biotech process for the production of natural flavors Table 44Flavors from plant cell cultures Table 45 Classification of food aroma compounds based on their chemical structure THE WORLD BIOTECH FLAVOURS MARKET ORDER FORM Sections Complete study One section ORDER FORM Study purchase includes one year update Study purchase includes one year update available on-line on UBIC’s Extranet available on-line on UBIC’s Extranet Assistance is also available for Assistance is also available for specific questions specific questions Up-date 2014 • € 4.900 Executive Summary Market & Users Manufacturers Innovation • € 1.850 • € 4.390 • € 990 • € 990 COMPANY ________________________________________________________________________ COMPANY ________________________________________________________________________ Name _________________________________ Position _________________________________ Name _________________________________ Position _________________________________ _______________________________________________________________________________ _______________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ Tel.:_____________________________________ Date _____________________________________ Tel.:_____________________________________ Date _____________________________________ Signature__________________________________ Signature__________________________________ www.ubic-consulting.com UBIC CONSULTING IN THE WORLD Partners Russia UBIC IRELAND UBIC EUROPE UBIC USA UBIC CHINA UBIC FRANCE UBIC MENA India Mexico Argentina UBIC BRAZIL UBIC INDONESIA UBIC JAPAN