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The global botanical ingredients market grew at a CAGR of around 5% during 2015-2020. Biotech ingredients are prepared using organisms like algae, yeast or bacteria that undergo deoxyribonucleic acid (DNA) editing to enhance the metabolic process of microbes. They are cost-effective and generate a low environmental impact than ingredients processed using petrochemicals. They act as a sustainable alternative to formulate plant-based extracts, which can counteract oxidative damages and slow down the aging process. Consequently, cosmetics companies worldwide are extensively using biotech ingredients to develop and evaluate the activity of natural active components on the skin.
A considerable shift in consumer preferences towards safe, potent, advanced and ef?cacious cosmetics solutions represents one of the key factors encouraging the adoption of biotech ingredients to produce new cosmetic formulas, ranging from hyaluronic acid to collagen. Additionally, the escalating demand for organic and sustainable products is promoting the utilization of biotech ingredients in hybrid skincare products. The leading market players are also investing in scienti?c research to introduce innovative products. For instance, they are focusing on biomimetics, 3D bioprinting and plant tissue culture technologies to develop next-generation beauty products. In line with this, they are recycling, sterilizing and disposing of the waste generated during the production process, which helps in reducing the carbon footprint of raw materials. Apart from this, biotech ingredients are gaining traction in the food and beverage (F&B) industry for adding flavors and improving enzymes and emulsifiers applications. Furthermore, the usage of these ingredients is anticipated to rise in the pharmaceutical industry to formulate active ingredients from natural sources. Looking forward, IMARC Group expects the global botanical ingredients market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global botanical ingredients market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, source, form and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Ambe Phytoextracts Pvt Ltd., Bell Flavors & Fragrances, Berje Inc., International Flavors & Fragrances Inc., Lipoid Kosmetik AG, New Directions Aromatics Inc., Prakruti Products Pvt. Ltd., PT. Indesso Aroma, Rutland Biodynamics Ltd., Saba Botanical of Usa Inc., The Green Labs LLC and The Herbarie at Stoney Hill Farm Inc.
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