Press release
Taste Modulators Market Size, Trends, Growth, Outlook 2024-2033
Taste Modulators Market
The taste modulators market size is expected to see strong growth in the next few years. It will grow to $2.92 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to evolving regulatory landscape, shift towards reduced-alcohol and low-calorie beverages, global culinary fusion trends, expansion of the functional beverage segment, demand for clean label products.. Major trends in the forecast period include microbiome-targeted modulators, customized taste solutions, ai-driven flavor innovation, sensory experience enhancement, taste modulators for medicinal purposes..
Market Overview -
Taste modulators refer to substances or compounds that alter or modify taste perception. These are used to enhance, suppress, or modify specific taste qualities without significantly changing the product's nutritional content or physical properties by interacting with taste receptors on the tongue.
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Increasing Diabetes And Obesity Cases Propel Demand For Taste Modulators Driving Growth In The Market
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. For instance, in March 2022, according to World Obesity Atlas 2022 report, the estimated global number of people with obesity (Class I, II, and III) ≥30kg/m2 in 2020 was 764 million, expected to increase to 892 million by 2025. Furthermore, in November 2021, according to the International Diabetes Federation, a Belgium-based diabetes federation, around 783 million adults, or one in eight people, will have diabetes by 2045, representing a 46% rise and more than double the projected population growth for the same period (20%). Therefore, growing incidences of diabetes and obesity are driving the growth of the taste modulators market.
Competitive Landscape -
Major companies operating in the taste modulators market report 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, Takasago International Corporation, Robertet SA, Huabao International Holdings Limited, Apple Flavor & Fragrance Group Co. Ltd., T. Hasegawa Co. Ltd., Mane S.A, FONA International Inc., Guangzhou Handyware flavor & fragrance Co. Ltd, Bell Flavors & Fragrances Inc., Flavorchem Corporation, Comax Flavors, Synergy Flavors Inc., Flavor Producers LLC, Blue Pacific Flavors Inc., Advanced BioTech LLC, Gold Coast Ingredients Inc., The Flavor Factory Inc., Axxence Aromatic GmbH, Apura Ingredients Inc.
Technological Advancements Drive Innovation In The Taste Modulators Market
Technological advancement is a key trend gaining popularity in the taste modulators market. 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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Key Segments -
The taste modulators market covered in this report 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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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