CLIB white paper on “Biotechnology in the Flavours and Fragrances Sector” published
We are happy to announce the publication of our next white paper: We have gathered input from several experts in our CLIB network and analysed the role of biotechnology in the Flavours & Fragrances sector.
Summary:
The flavours and fragrances (F&F) sector is forecast to grow to over USD 36 billion by 2029, of which only 7% is produced biotechnologically today. In this white paper, we outline a SWOT analysis of biotechnology in the F&F sector as part of the HiPerIn 2.0 project. The strengths of biotechnology are a lower carbon footprint, less land consumption, more flexible value chains compared to current production methods and the possibility to design new molecules that are foreign to nature. Long development times and high investment costs are the weaknesses of biotechnologically produced food and beverages. Opportunities arise from consumer demands for natural and sustainable food and feed and from technological advances. Threats can be consumer mistrust, lack of investment and a possible priority of green chemistry over biotechnology. Enabling factors and relevance for NRW are derived from this SWOT analysis and summarised in this white paper.
