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The widespread adoption of biotech ingredients in several cosmetic products is primarily driving the market growth. This is further supported by the shifting preference toward safe, potent, and advanced cosmetics, which has prompted manufacturers to invest in research and development (R&D) activities to introduce next-generation beauty products. Other than this, they are adopting new waste recycling strategies and eco-conscious alternatives to reduce the carbon footprint of raw materials, which is contributing to the market growth. Moreover, extensive product applications in the food and beverage (F&B) industry as an emulsifying agent is creating a positive outlook for the market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Biotech Ingredients Market 2021-2026 Analysis and Segmentation:
Breakup by Type:
Breakup by Application:
Food and Beverages
Personal Care and Cosmetics
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
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Becton Dickinson and Company
Bell Flavors & Fragrances Inc.
Evonik Industries AG
International Flavors & Fragrances Inc., Merck KGaA and Sanofi SA.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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