REDDING,
Calif., July 17, 2024 /PRNewswire/ -- According to
a new market research report titled, 'Taste Modulators
Market Size, Share, Forecast, & Trends Analysis by Type
(Sweet, Salt, Fat Modulators), Form (Liquid, Powder), Application
(Beverages {Non-Alcoholic, Alcoholic Beverage}, Food {Dairy,
Savory, Snacks, Meat Products)- Global Forecast to
2031,' the taste modulators market is expected to
reach $2.50 billion by 2031, at a
CAGR of 7.3% from 2024 to 2031.
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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, 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.
The key players profiled in the taste modulators market are
DSM-Firmenich AG (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 Corporation (U.S.), Icon Foods (U.S.)
Synergy Flavors, Inc. (U.S.) and Archer-Daniels-Midland Company
(U.S.).
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Key Findings in the Taste Modulators Market Study:
Based on type, the taste modulators market is segmented into
sweet modulators, salt modulators, fat modulators, and other taste
modulators. In 2024, the sweet modulators segment is expected to
account for the largest share of 47.1% 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 a wide range of applications.
Based on form, the taste modulators market is segmented into
powder and liquid. The liquid segment is expected to register the
highest CAGR during the forecast period 2024–2031 due to the
increasing demand from beverage manufacturers. In food and
beverage product manufacturing, liquid taste modulators help
to improve viscosity, mouthfeel, product stability, texture, shelf
life, taste, and visual aspects.
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Based on application, the taste modulators market is segmented
into beverages, food, pharmaceuticals, and other applications. In
2024, the beverages segment is expected to account for the largest
share of 43.8% of the taste modulators market. The large
market share of this segment is attributed to the high demand for
healthy and functional beverages, high adoption of taste modulators
in non-alcoholic beverages, strong growth in the beverage industry,
and increased promotional and advertisement strategies about clean
labels by beverage manufacturers.
Based on geography, in 2024, North
America is expected to account for the largest share of
37.1% of the taste modulators market. However,
Asia-Pacific is slated to register
the highest growth rate of 8.8% during the forecast period
due to growth in the food and beverage industry, rising health
awareness among consumers, and rising prevalence of obesity and
diabetes.
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Scope of the report:
Taste Modulators Market—by Type
- Sweet Modulators
- Salt Modulators
- Fat Modulators
- Other Taste Modulators
Taste Modulators Market—by Form
Taste Modulators Market—by
Application
- Beverages
- Alcoholic Beverages
- Non-alcoholic Beverages
- Food
- Dairy Products
- Snacks and Savory Products
- Meat, Poultry, and Seafood
- Other Food Products
- Other Applications
Taste Modulators Market—by Geography
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
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