Taste modulators refer to substances or compounds that alter or modify taste perception. These are used to enhance, suppress, or modify specific taste qualities without significantly changing the product’s nutritional content or physical properties by interacting with taste receptors on the tongue.
Sizing and Forecast
The taste modulators market size has grown rapidly in recent years. It will grow from $1.87 billion in 2023 to $2.06 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to health and wellness trends, rising obesity and diabetes concerns, flavor enhancement and masking, regulatory restrictions on additives, changing consumer preferences..
The taste modulators market size is expected to see strong growth in the next few years. It will grow to $2.92 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to evolving regulatory landscape, shift towards reduced-alcohol and low-calorie beverages, global culinary fusion trends, expansion of the functional beverage segment, demand for clean label products.. Major trends in the forecast period include microbiome-targeted modulators, customized taste solutions, ai-driven flavor innovation, sensory experience enhancement, taste modulators for medicinal purposes..
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Segmentation & Regional Insights
The taste modulators market covered in this report is segmented –
1) By Product Type: Sweet Modulators, Salt Modulators, Fat Modulators
2) By Type: Natural, Artificial
3) By Application: Dairy Products, Bakery Products, Confectionery Products, Meat Products, Snacks, Savory, Alcoholic Beverages, Non-Alcoholic Beverages
North America was the largest region in the taste modulators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the taste modulators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growing incidences of diabetes and obesity are expected to propel the growth of the taste modulators market going forward. Diabetes refers to a condition that develops when blood glucose levels are too high, and obesity refers to a condition characterized by an excessive or abnormal accumulation of body fat with a body mass index of 30 or more. Taste modulators can be used in diabetes and obesity management to enhance flavor, reduce sugar content, and help individuals make healthier food choices. For instance, in March 2022, according to World Obesity Atlas 2022 report, the estimated global number of people with obesity (Class I, II, and III) ≥30kg/m2 in 2020 was 764 million, expected to increase to 892 million by 2025. Furthermore, in November 2021, according to the International Diabetes Federation, a Belgium-based diabetes federation, around 783 million adults, or one in eight people, will have diabetes by 2045, representing a 46% rise and more than double the projected population growth for the same period (20%). Therefore, growing incidences of diabetes and obesity are driving the growth of the taste modulators market.
Key Industry Players
Major companies operating in the taste modulators market report are International Flavors & Fragrances Inc., Ajinomoto Co. Inc., Kerry Group PLC, DSM, Ingredion Incorporated, Givaudan S.A, Firmenich SA, Symrise AG, Tate And Lyle PLC, Corbion N.V., Sensient Technologies Corporation, Takasago International Corporation, Robertet SA, Huabao International Holdings Limited, Apple Flavor & Fragrance Group Co. Ltd., T. Hasegawa Co. Ltd., Mane S.A, FONA International Inc., Guangzhou Handyware flavor & fragrance Co. Ltd, Bell Flavors & Fragrances Inc., Flavorchem Corporation, Comax Flavors, Synergy Flavors Inc., Flavor Producers LLC, Blue Pacific Flavors Inc., Advanced BioTech LLC, Gold Coast Ingredients Inc., The Flavor Factory Inc., Axxence Aromatic GmbH, Apura Ingredients Inc.
The taste modulators market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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