Trend and Insights in Biotech Ingredients Market (2024-2031)
The biotech ingredients market is all set for major expansion as innovative, sustainable, and efficient solutions are being increasingly demanded in varied industries. Biotech ingredients thus produced increasingly find applications in sectors such as food and beverages, cosmetics, pharmaceuticals, and agriculture. The market is envisaged to grow at an approximate CAGR of 7.6% during the period 2024-2031, from US$ XX million in 2024 to US$ XX million by 2031. Market Overview Biotech ingredients are ingredients derived from biotechnology that perform a variety of functions in several industries. They, by way of microbial fermentation, enzymatic catalysis, and plant metabolism, facilitate cleaner production processes with lower environmental impact. The salient features of biotech ingredients are greater efficiency, added performance, and the use ...