Vanillin will become a hotspot for flavors, giants are just about to move
According to the "Global Biotechnology Flavors and Flavors Industry" report released by market research company Reportlinker, the global biotechnology flavors market is expected to grow by USD 471.4 million, driven by a compound growth rate of 9.2%. Among them, the vanilla and vanillin segment market growth rate is expected to exceed 9.5%, and will reach 471.2 million US dollars by 2025, which will bring considerable benefits and provide an important driving force for the growth of the global market.
The main competitors in this market include Bell Flavors & Fragrances, Inc., Givaudan SA, International Flavors & Fragrances, Inc., Senxin Technology Co., Ltd. Sensient Technologies Corporation) and Symrise AG.
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