Taste Masking And Taste Assessment Services And Technologies Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Taste Masking And Taste Assessment Services And Technologies by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Taste Masking And Taste Assessment Services And Technologies, 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..

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.

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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

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 report table of contents includes:
1. Executive Summary

2. Taste Masking And Taste Assessment Services And Technologies Market Characteristics
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. Global Taste Masking And Taste Assessment Services And Technologies Market Size and Growth
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6. Global Taste Masking And Taste Assessment Services And Technologies Market Competitive Benchmarking
7. Global Taste Masking And Taste Assessment Services And Technologies Market Competitive Dashboard
8. Key Mergers And Acquisitions In The Taste Masking And Taste Assessment Services And Technologies Market
9. Taste Masking And Taste Assessment Services And Technologies Market Future Outlook and Potential Analysis
10. Appendix

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