Global Taste Modulators Market Report to 2027: Increase in Consumer Demand for Reduced-Calorie Products Retaining the Taste of Sugar Drives Growth
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Taste Modulators Market Drivers and Opportunities:
Drivers: Increased consumer demand for reduced-calorie products with original taste of sugar
The prevalence of diabetes and obesity has been increasing globally. Sugar-sweetened soft drinks are a major source of excess calories and glycemic load in the diet. Obesity elevates the risk of numerous diseases-from Type-2 diabetes to cancer. Sugar substitutes such as high-intensity sweeteners reduce the concentration of sucralose while maintaining the intensity of sweetness. However, they exhibit off-tastes in the final product. Sweet modulators help get rid of these off-tastes, while maintaining the low-calorie content of food and beverages. In developed countries, the demand for healthier, low-caloric foods and sweeteners has been on the rise to tackle the adverse health effects of predominantly sedentary lifestyles.
Opportunities: Increasing demand for innovative beverages in the market
Advancements in food technology enable the development of new flavors; for instance, innovations such as flavor encapsulation provide a new dimension to taste modulators. The development of new flavor modulators in the taste modulators market has triggered the demand for taste modulators globally and will continue to do so in the coming future. The major players in the market are adopting innovations to remain competitive in the market and gain a larger market share.
By application, the beverages segment is estimated to occupy the largest market share in terms of value
By application, the beverages segment of taste modulators market is estimated to occupy the largest market share in the taste modulator market. There are different types of beverages widely consumed like dairy-based beverages, alcoholic beverages, functional beverages, etc., which require sweetness modulators to regulate the sugar content and keep the taste intact. Additionally, alcoholic beverages need a masking modulator to mask the bitter flavors. The increased consumption and demand for beverages globally impact the need for modulators in the beverage application.
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1. North America:
North America is one of the prominent markets for taste modulators due to the high demand for reduced sugar and low-calorie food and beverages.
The United States has a significant market share in North America, driven by the growing health consciousness among consumers and the increasing prevalence of obesity and diabetes.
The regulatory environment in North America, including FDA approvals for taste modulators, plays a crucial role in shaping the market.
Europe is another important market for taste modulators, driven by the stringent regulations on sugar content in food and beverages.
Countries like the United Kingdom, Germany, and France are witnessing a shift toward healthier food options, leading to the increased adoption of taste modulators.
The presence of major food and beverage manufacturers in Europe contributes to the market growth.
3. Asia Pacific:
The Asia Pacific region is experiencing significant growth in the taste modulators market, primarily due to the rising disposable incomes, changing dietary preferences, and increasing urbanization.
Countries like China, India, and Japan are the key markets in this region, with a growing demand for low-calorie and sugar-free products.
The expanding food and beverage industry and the increasing awareness about healthy eating habits are driving the market in this region.
4. Latin America:
Latin America is an emerging market for taste modulators, driven by growing health consciousness and increasing consumer awareness about the adverse effects of excessive sugar consumption.
Countries like Brazil and Mexico are witnessing a rise in the demand for taste modulators as consumers seek healthier alternatives to traditional sugary products.
5. Middle East and Africa:
The taste modulators market in the Middle East and Africa region is driven by factors such as the increasing prevalence of lifestyle diseases, rising awareness about healthy eating, and the growing urban population.
The market growth in this region is also influenced by the rising demand for processed and convenience foods, which often require taste enhancement and sugar reduction.
List of Key Players Mentioned in the Report:
· Koninklijke DSM N.V. (the Netherlands)
· IFF (US)
· Givaudan (Switzerland)
· Kerry Group (Ireland)
· Ingredion (US)
· Symrise (Germany)
· Sensient Technologies (US)
· Tate & Lyle PLC (UK)
· Corbion (Netherlands)
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1. What is the projected market value of the global Taste Modulators Market?
The global taste modulators market size is projected to reach USD 1.9 billion by 2027.
2. What is the estimated growth rate (CAGR) of the global Taste Modulators Market for the next five years?
The global taste modulators market is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2022 to 2027.
3. What are the major revenue pockets in the Taste Modulators Market currently?
North America is the largest region with a significant CAGR in the taste modulator market. This is attributed to factors such as an increase in consumer preference for healthy products. North America is one of the key markets for taste modulators. The main factors that drive the taste modulators in North America are a rise in health awareness among consumers and the presence of key players.
Read more: https://www.marketsandmarkets.com/Market-Reports/taste-modulator-market-169998886.html
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Health Ingredients Market by Type (Vitamins, Minerals, Probiotics starter culture, Prebiotics, Nutritional Lipids, Functional Carbohydrates, Plant and Fruit Extracts, Enzymes, Proteins), Application, Source, Function and Region - Global Forecast to 2027
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