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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