Taste Masking And Taste Assessment Services And Technologies Market Trends, Key Drivers, Opportunities, Leading Players And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Taste Masking And Taste Assessment Services And Technologies Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The taste masking and taste assessment services and technologies market size has grown strongly in recent years. It will grow from $80.8 billion in 2023 to $87.44 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to pharmaceutical advancements, consumer preferences, rise in nutraceuticals, patient adherence and compliance, regulatory compliance..

The taste masking and taste assessment services and technologies market size is expected to see strong growth in the next few years. It will grow to $118.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to pediatric medication demand, pediatric medication demand, rising chronic disease treatments, consumer-centric approach, drug delivery innovations.. Major trends in the forecast period include globalization of taste preferences, sensory evaluation advances, consumer demand for palatable supplements, personalized taste-masking solutions, natural flavor enhancement..

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Market Drivers and Trends:

The growing interest in combination therapy is expected to propel the growth of the taste masking and taste assessment services and technologies market going forward. Combination therapy refers to a medical approach where two or more treatments or drugs are used together simultaneously or sequentially to achieve a better therapeutic outcome than using each treatment alone. Taste masking and taste assessment services and technologies play a crucial role in improving patient compliance and acceptance, especially for combination therapies, by masking the bitter or unpleasant taste of active pharmaceutical ingredients (APIs) or drugs. For instance, according to the National Center for Biotechnology Information, a US-based National Library of Medicine, as of May 2022, the Food and Drug Administration (FDA), a US-based federal agency of the Department of Health and Human Services has approved 35 immunotherapy-based combination therapies. Therefore, the growing interest in combination therapy is driving the growth of the taste masking and taste assessment services and technologies market.

Technological advancements are a key trend gaining popularity in the taste masking and taste assessment services and technologies market. Major companies operating in the taste masking and taste assessment services and technologies market are focusing on developing new methods and technologies to mask the bitter taste of active pharmaceutical ingredients (APIs). For instance, in October 2022, SPI Pharma, a US-based pharmaceutical company, launched Actimask, a new taste masking technology that involves the production of a thin (micron-sized), uniform, smooth hydrogel coating encapsulating API particles. Actimask® technology uses gelatin as a hydrophilic polymer in the aqueous coacervation process to create a thin coating over API particles, which offers a pleasant mouthfeel without affecting API release or therapeutic effects. This technology provides a slick and smooth hydrogel layer, allowing for easy formulation and processing, as well as a satisfying patient experience.

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Major Key Players of the Market:

Roquette Frères SA; Rochem International Inc.; Gattefose SAS; DuPont de Nemours Inc.; Dow Pharmaceutical Sciences Inc.; SPI Pharma Inc.; GPT Pharmaceuticals Pvt. Ltd.; Adare Pharmaceuticals Inc.; AbbVie Inc.; Aavis Pharmaceuticals Corp.; Allergen Inc.; Asahi Kasei Corporation; Emerald Health Pharmaceutical Corp.; ESSA Pharma Inc.; Glatt Pharmaceutical Services Corp.; Pfizer Inc.; Thermo Fisher Scientific Inc.; Vertex Pharmaceuticals Inc; FONA International; OptiBiotix Health PLC; Senomyx Inc.; Firmenich SA; Givaudan SA; International Flavors & Fragrances Inc.; Kerry Group plc; Mane SA; Symrise AG; Takasago International Corporation; Sensient Technologies Corporation; Ashland Global Holdings Inc.; BASF SE; Evonik Industries AG; Lonza Group AG; Merck KGaA; Catalent Inc.; Fertin Pharma A/S; NextPharma Technologies Holding Limited; Patheon N.V.; Quotient Sciences; Senopsys LLC; NextPharma Technologies

Taste Masking And Taste Assessment Services And Technologies Market 2024 Key Insights:

• The taste masking and taste assessment services and technologies market will grow to $118.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• Growing Interest In Combination Therapy Drives The Taste Masking And Assessment
• Cutting-Edge Technological Innovations Transforming The Market
• North America was the largest region in the taste masking and taste assessment services and technologies market in 2023

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