
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.