Biotech Ingredients Market Analysis by Size, Share, Growth Factors, Competitive Landscape, with Regional Forecast to 2027
Biotech ingredients are derived from genetically modifying organisms like bacteria and yeast. These consist of essential oils, oleoresins, and some plant-based extracts, mass-produced using various steam distillation, compression, or solvent extraction methods. Biotech ingredients find applications in the cosmetic industry. The global Biotech ingredients market is estimated to grow at a significant CAGR of 8.3% through the projection period and is assumed to escalate from USD 1.60 billion in 2019 to USD 3.03 billion by 2027.
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