Taste Modulators Global Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Taste Modulators Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.92 billion In 2028 At A CAGR Of 9.1%.

The taste modulators market size has grown rapidly in recent years. It will grow from $1.87 billion in 2023 to $2.06 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to health and wellness trends, rising obesity and diabetes concerns, flavor enhancement and masking, regulatory restrictions on additives, changing consumer preferences..

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..

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Taste Modulators Market Major 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 Driver - 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.

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Prominent Trend - 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.

Taste Modulators Market Players
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.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the taste modulators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the taste modulators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Taste Modulators Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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