Renewable specialty chemicals continue to be a huge growth area for industrial biotechnology companies. The global flavor and fragrances market is rising with an annual growth rate from 5 to 6% valued at an estimated $23.9 billion in 2014. Flavor compounds have the lion share of the market value, ahead of fragrances and essential oils. The industry expends great effort both finding new natural aroma chemicals and inventing new ones in the lab. This session will focus on industrial biotechnology companies' use of fermentation processes to synthesize and develop products for the cosmetics, flavor, fragrance and food ingredient markets, and they will reveal which ingredients are most valuable to synthesize, the most attractive to develop, and best approach to successfully market an industrial biotechnology ingredient.
Session ID: 25493