Flavor house Firmenich has launched its new biotechnology pilot plant to expand its presence in the global bio-tech flavor market
Growing demand for processed and convenience food is significantly propelling the growth of the bio-tech flavor market. High demand for biotech flavor from among health-conscious consumers as it offers various health benefits is again fostering the growth of the market. Moreover, key players are adopting various growth strategies in the market such as mergers and acquisitions to expand their business on a regional as well as a global basis is one of the major trends. For instance, in September 2019, BASF acquired aroma biotech innovation leader Isobionics and partnered with Conagen to advance the technology for biotech-based aroma ingredients by combining its own R&D excellence and broad market access with the know-how and expertise of Isobionics and Conagen. 1. In October 2020, Flavor house Firmenich has launched its new biotechnology pilot plant and laboratory in Geneva, Switzerland 2. In March 2020, Evolva h...