Taste Modulators Market Analysis 2023: Trends, Size, Industry Growth, Key Drivers And Forecast To 2032 | International Flavors & Fragrances Inc., Ajinomoto Co. Inc., Kerry Group PLC, DSM, Ingredion Incorporated

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Taste Modulators Global Market Report 2023 identifies Growing incidences of diabetes and obesity as the major driver for the Taste Modulators market's growth in the forecast period. 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.

The global taste modulators market size is expected to grow from $1.69 billion in 2022 to $1.87 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of taste modulators market is expected to reach $2.66 billion in 2027 at a CAGR of 9.2%.

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Major competitors in the Taste Modulators market are International Flavors & Fragrances Inc., Ajinomoto Co. Inc., Kerry Group PLC, DSM, Ingredion Incorporated.

A key trend in the Taste Modulators market includes technological advancement. Major companies operating in the taste modulators market are using advanced technologies to sustain their position in the market. For instance, in April 2023, SweeGen Inc., a US-based food and beverage services company, launched Sweetensify Flavors with sweet protein brazzein technology, an innovative flavoring tool for manufacturers of food and beverages. It is a naturally occurring protein that is 2,000 times sweeter than sugar but has no calories and no glycemic impact. It uses brazzein to create a sugar-like sweetness in food and beverages without adding calories or sugar. Sweetensify flavors are a safe and effective ingredient that can help food and beverage manufacturers generate healthier and more flavorful products. Additionally, it reduces sugar content in food and beverages without sacrificing taste, improves the flavor of reduced-sugar food and beverages, and is vegan, kosher, and non-GMO. It is risk-free and has no recognized adverse effects. It is a good option for consumers looking for reduced-sugar foods and beverages that still taste great.

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The Taste Modulators market 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
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Taste Modulators market.

The Business Research Company's "Global Taste Modulators Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Taste Modulators Market Include:

1. Executive Summary
2. Taste Modulators Market Characteristics
3. Taste Modulators Market Trends And Strategies
4. Taste Modulators Market - Macro Economic Scenario
……
32. Global Taste Modulators Market Competitive Benchmarking
33. Global Taste Modulators Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Taste Modulators Market
35. Taste Modulators Market Future Outlook and Potential Analysis
36. Appendix

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