The Nascent Technology Is Key to the Industry's Shift From High Costs Toward a More Affordable and Sustainable Path to Meet Consumers' Demand, Says Lux Research
BOSTON, MA--(Marketwired - Aug 25, 2015) - The multi-billion dollar flavors and fragrances (F&F) industry is increasingly tapping biotechnology and synthetic biology to reinvent itself from an unsustainable high-cost, high-risk path, according to Lux Research.
Over the past decade, biotechnology tools -- such as fermentation and enzymatic transformation -- have begun offering a sustainable and natural path, besides the promise of lower cost, in the search for superior F&F production methods -- though technical challenges remain.
"The largest hurdle to adopting these promising new ways of producing F&F compounds is scaling up production," said Meraldo Antonio, Lux Research Associate and lead author of the report titled, "Eau d'coli: Application of Biotechnology in Flavors and Fragrances."
"However, the early success of companies such as Amyris and Evolva suggests these challenges are not insurmountable," he added.
Lux Research analysts took an overview of the F&F industry, besides conducting a comparative analysis of production methods. Among their findings:
The report, titled "Eau d'coli: Application of Biotechnology in Flavors and Fragrances," is part of the Lux Research Food and Nutrition Intelligence and the Lux Research Bio-based Materials and Chemicals Intelligence services.
About Lux Research
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.
Contact Information:
Contact:
Carole Jacques
Lux Research, Inc.
617-502-5314
carole.jacques@luxresearchinc.com