Impact analysis of COVID-19 on Global Bio-Based food Ingredient Market Outlook 2027

Bio-Based Food Ingredients Market Analysis – 2020-2027

Bio-based food ingredients are the ingredients derived from natural sources that are used to add more flavor as well as fragrance to the food. Bio-based products usually undergo physical, chemical, or biological treatment before their final use. The bio-based food ingredients market is anticipated to record a CAGR of around 5.93% over the forecast period, i.e., 2020-2027. The market is projected to attain a significantly high market value of USD 2,986.99 million by the end of 2027.
The market is segmented on the basis of product, applications and region. Based on product, the market is further segmented into ethyl cellulose, N-butanol, butyl levulinate, butyl acetate, butyl isobutyrate and others, out of which, the N-butanol segment is anticipated to hold the largest share in the bio-based food ingredients market. Moreover, the segment for N-butanol is projected to grow at the highest rate with a CAGR of 6.40% over the forecast period as well. N-butanol is a chemical compound produced predominantly through fermentation and used as an ingredient in dairy products and confectioneries. Moreover, it is a safe flavoring substance for food products such as alcoholic beverages along with other foods such as cheese, heat-treated milk, muskmelon, and cooked rice.
Based on region, the bio-based food ingredients market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America is projected to hold the leading share in the global market as a result of rising awareness among consumers about the benefits of natural ingredients. The market in Europe is projected to hold the second largest share in the market on the back of high demand for these products in Germany and UK. The market for bio-based food ingredients in Asia Pacific is predicted to grow at the highest rate of about 7.01% over the forecast period on account of increasing demand as well as growing production of these ingredients in the region.
Some of the key industry leaders in the global bio-based food ingredients market are Ashland, Dow, Colorcon, Prasol Chemicals Pvt. Ltd., Shandong Head Europe B.V., Shin Etsu, Eastman Chemical Company, Corbion N.V., Alfa Aesar and BASF.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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