Analyzing Trends in the Taste Modulators Market || International Flavors & Fragrances Inc., Ajinomoto Co. Inc., Kerry Group PLC

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 the 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.

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, Givaudan S.A, Firmenich SA, Symrise AG, Tate And Lyle PLC, Corbion N.V., Sensient Technologies Corporation.

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.

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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 Characteristic
3. Taste Modulators Market Trends And Strategies
4. Taste Modulators Market - Macro Economic Scenario
5. Taste Modulators Market Size And Growth
……………
27. Taste Modulators Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Taste Modulators Market
29. Taste Modulators Market Future Outlook And Potential Analysis
30. Appendix

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