The taste masking and taste assessment services and technologies global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Taste Masking And Taste Assessment Services And Technologies Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The taste masking and taste assessment services and technologies market size has grown strongly in recent years. It will grow from $80.8 billion in 2023 to $87.44 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to pharmaceutical advancements, consumer preferences, rise in nutraceuticals, patient adherence and compliance, regulatory compliance..
The taste masking and taste assessment services and technologies market size is expected to see strong growth in the next few years. It will grow to $118.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to pediatric medication demand, pediatric medication demand, rising chronic disease treatments, consumer-centric approach, drug delivery innovations.. Major trends in the forecast period include globalization of taste preferences, sensory evaluation advances, consumer demand for palatable supplements, personalized taste-masking solutions, natural flavor enhancement..
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Scope Of Taste Masking And Taste Assessment Services And Technologies Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Taste Masking And Taste Assessment Services And Technologies Market Overview
Market Drivers –
The growing interest in combination therapy is expected to propel the growth of the taste masking and taste assessment services and technologies market going forward. Combination therapy refers to a medical approach where two or more treatments or drugs are used together simultaneously or sequentially to achieve a better therapeutic outcome than using each treatment alone. Taste masking and taste assessment services and technologies play a crucial role in improving patient compliance and acceptance, especially for combination therapies, by masking the bitter or unpleasant taste of active pharmaceutical ingredients (APIs) or drugs. For instance, according to the National Center for Biotechnology Information, a US-based National Library of Medicine, as of May 2022, the Food and Drug Administration (FDA), a US-based federal agency of the Department of Health and Human Services has approved 35 immunotherapy-based combination therapies. Therefore, the growing interest in combination therapy is driving the growth of the taste masking and taste assessment services and technologies market.
Market Trends –
Technological advancements are a key trend gaining popularity in the taste masking and taste assessment services and technologies market. Major companies operating in the taste masking and taste assessment services and technologies market are focusing on developing new methods and technologies to mask the bitter taste of active pharmaceutical ingredients (APIs). For instance, in October 2022, SPI Pharma, a US-based pharmaceutical company, launched Actimask, a new taste masking technology that involves the production of a thin (micron-sized), uniform, smooth hydrogel coating encapsulating API particles. Actimask® technology uses gelatin as a hydrophilic polymer in the aqueous coacervation process to create a thin coating over API particles, which offers a pleasant mouthfeel without affecting API release or therapeutic effects. This technology provides a slick and smooth hydrogel layer, allowing for easy formulation and processing, as well as a satisfying patient experience.
The taste masking and taste assessment services and technologies market covered in this report is segmented –
1) By Formulation: Solids, Liquids
2) By Technique: Coating, Microencapsulation, Organoleptic Method, Hot Melt Extrusion, Inclusion Complexation, Spray Drying, Other Techniques
3) By Scale Of Operation: Preclinical Or Clinical, Commercial
4) By End-User: Pharmaceuticals, Nutraceuticals, Contract Manufacturing Organizations
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Regional Insights –
North America was the largest region in the taste masking and taste assessment services and technologies market in 2023. The regions covered in the taste masking and taste assessment services and technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the taste masking and taste assessment services and technologies market report are Roquette Frères SA, Rochem International Inc., Gattefose SAS, DuPont de Nemours Inc., Dow Pharmaceutical Sciences Inc., SPI Pharma Inc., GPT Pharmaceuticals Pvt. Ltd., Adare Pharmaceuticals Inc., AbbVie Inc., Aavis Pharmaceuticals Corp., Allergen Inc., Asahi Kasei Corporation, Emerald Health Pharmaceutical Corp., ESSA Pharma Inc., Glatt Pharmaceutical Services Corp., Pfizer Inc., Thermo Fisher Scientific Inc., Vertex Pharmaceuticals Inc, FONA International, OptiBiotix Health PLC, Senomyx Inc., Firmenich SA, Givaudan SA, International Flavors & Fragrances Inc., Kerry Group plc, Mane SA, Symrise AG, Takasago International Corporation, Sensient Technologies Corporation, Ashland Global Holdings Inc., BASF SE, Evonik Industries AG, Lonza Group AG, Merck KGaA, Catalent Inc., Fertin Pharma A/S, NextPharma Technologies Holding Limited, Patheon N.V., Quotient Sciences, Senopsys LLC, NextPharma Technologies .
Table of Contents
1. Executive Summary
2. Taste Masking And Taste Assessment Services And Technologies Market Report Structure
3. Taste Masking And Taste Assessment Services And Technologies Market Trends And Strategies
4. Taste Masking And Taste Assessment Services And Technologies Market – Macro Economic Scenario
5. Taste Masking And Taste Assessment Services And Technologies Market Size And Growth
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27. Taste Masking And Taste Assessment Services And Technologies Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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