Synthetic food refer to any variety of consumable that are produced with the help of biotechnological methods from a set of nutritive substances, such as fats, vitamins, proteins or their components, and trace elements. The end result of these processes is a product that imitates natural foods by the recreation of color, flavor, appearance, nutritional value, and palatability. The concept of these food products may seem a little odd to people who are used to consume foods that are completely natural in origin and it may add to their suspicions regarding the value of synthetic products knowing that products like milk are also being synthesized and being brought into marketplace.
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However, the synthetic food market size is steadily gaining traction and is witnessing the rise of a number of new product varieties and new companies bringing in innovations. The synthetic food market share is expected to expand at a promising pace in the next few years, with the rising need for sustainable volumes of food products to feed the massive rise in global population being the key propeller of most development activities in the sector.
The market is still in its nascent stage and has a few number of companies experimenting with different varieties of synthetic food. Some companies are also experimenting with the intervention of technology so as to improve production of food products. The market is not very competitive presently, but is expected to witness a rise in the number of companies in the next few years, which could lead to increased competition.
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