#tastemodulators

Meticulous Research®—a leading global market research company, published a research report titled, ‘Taste Modulators Market by Type (Sweet Modulators, Salt Modulators, Fat Modulators), Form (Powder, Liquid), Application (Beverages, Food, Pharmaceuticals) - Global Forecast to 2030.’

According to this latest publication from Meticulous Research®, the taste modulators market is expected to record a CAGR of 8.5% from 2023 to 2030 to reach $2.79 billion by 2030. The growth of this market is driven by the rising consumer awareness regarding health and wellbeing, growing consumer demand for low-calorie food products with original taste, and the wide range of benefits of taste modulators. Additionally, the increasing demand for innovative beverages and the expanding functional food industry offers significant growth opportunities for taste modulator manufacturers. However, stringent regulations and international standards for taste modulators restrain the market’s growth.

Key Players

The key players operating in the taste modulators market are Koninklijke DSM N.V. (Netherlands), International Flavors & Fragrances, Inc. (U.S.), Givaudan SA (Switzerland), Kerry Group plc (Ireland), Ingredion Incorporated (U.S.), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), Tate & Lyle PLC (U.K.), Corbion N.V. (Netherlands), Carmi Flavor & Fragrance Co. Inc (U.S.), Flavorchem & Orchidia Fragrances (U.S.), and Archer-Daniels-Midland Company (U.S.).

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The taste modulators market is segmented based on type, form, application, and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

Based on type, the taste modulators market is segmented into sweet modulators, salt modulators, fat modulators, and other taste modulators. In 2023, the sweet modulators segment is expected to account for the largest share of the taste modulators market. The large market share of this segment is attributed to the desire for reduced sugar consumption, rising awareness about the ill effects of sugar consumption, growing incidences of diabetes and obesity, high demand for healthier and low-caloric foods, and expanding scope of application. However, the salt modulators segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the enhanced flavor masking benefits and growing consumer awareness regarding excessive sodium intake.

Based on form, the taste modulators market is segmented into powder and liquid. In 2023, the powder segment is expected to account for the larger share of the taste modulators market. The large market share of this segment is attributed to the benefits offered by powdered taste modulators over liquid taste modulators, such as better homogeneity, ease of use, transportation, and storage, better stability, wide availability, better shelf-life, and effective product formulation. However, the liquid segment is expected to register the highest CAGR during the forecast period.

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Based on application, the taste modulators market is segmented into beverages, food, pharmaceuticals, and other applications. In 2023, the beverages segment is expected to account for the largest share of the taste modulators market. However, the food segment is projected to register the highest CAGR during the forecast period due to the growing need to maintain the mouthfeel and reduce the after-taste effect in processed foods and the growing consumption of confectionery, snacks & savory products, and bakery products.

Based on geography, in 2023, North America is expected to account for the largest share of the taste modulators market. North America’s major market share is attributed to an increase in consumer preference for innovation and healthy food products, growing health and wellness concerns, rising prevalence of chronic diseases, and a well-established food and beverage industry.

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Key questions answered in the report:

Which are the high-growth market segments in terms of type, form, application, and region?

What is the historical market for taste modulators across the globe?

What are the market forecasts and estimates for the period of 2023 to 2030?

What are the major drivers, restraints, challenges, opportunities, and trends in the taste modulators market?

How is the competitive landscape?

What are the recent developments in the taste modulators market?

What are the different growth strategies adopted by the major players in the market?

What are the key geographic trends, and which are the high-growth countries?

Who are the local emerging players in the global taste modulators market, and how do they compete with other players?

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Taste Modulators Market Highlights

Taste Modulators Market are food additives that help in improving the taste of food products while maintaining their nutritional content. They help in formulating and introducing food products with enhanced flavor and increased health benefits. Sweet modulators help in enhancing the sweetness of a food product or beverage while reducing the sugar content. The global Taste Modulators Market is lucrative with players focused on R&D to launch novel products that cater to the changing consumer preferences. For instance, manufacturers of taste modulators have introduced products that help in making the bitter, licorice-like aftertaste of new stevia-based products. Moreover, ongoing research on positive allosteric modulators (PAM) is expected to result in profitable opportunities for market players as these modulators influence the activity of the primary ligand to which they bind.

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The global Taste Modulators Market has been segmented by type, application, and region.

Based on type, the global Taste Modulators Market has been segmented into sweet modulators, salt modulators, and others. The sweet modulators segment is expected to gain the largest revenue share and register the highest growth rate during the forecast period. Surging global demand for sweet food products and beverages is expected to contribute to the growth of the segment as sweet modulators are healthy food ingredients consumed by health-conscious consumers. Sweet modulators are low-calorie sweeteners that aid in restoring or adding sweetness to food & beverages.

The global Taste Modulators Market has been divided, by application, into dairy and frozen desserts, bakery and confectionery, beverages, snacks and savory products, meat, poultry, and seafood products, and others. The beverages segment is projected to be dominant during the review period due to the surging consumption of alcoholic and non-alcoholic beverages across the globe. Additionally, the increasing demand for natural fruit juices, sports drinks, and fortified low-calorie drinks is fueling the growth of the segment. However, the snacks and savory products segment is expected to exhibit the highest growth rate during the forecast period owing to the increasing demand for convenient snacks and savory products, especially among the working population.

Key Players

Some of the key players in the global Taste Modulators Market are Givaudan (Switzerland), Koninklijke DSM N.V. (Netherlands), Kerry Group plc (Ireland), Sensient Technologies Corporation (US), Ingredion Incorporated (US), Carmi Flavor & Fragrance Co., Inc. (US), Firmenich SA (Switzerland), International Flavors & Fragrances Inc. (US), Symrise (Germany), and The Flavor Factory (US).

Regional Analysis

The global Taste Modulators Market has been segmented, based on region, into North America, Europe, Asia-Pacific, the rest of the world.

North America is projected to gain market dominance during the forecast period owing to the rising health awareness among consumers. The increasing demand for healthy food products and natural beverages in the region is also boosting the sales of natural taste modulators in North America. However, the market in Asia-Pacific is expected to register the highest growth rate during the forecast period due to the strong market growth in developing countries such as India and China.

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