Meticulous Research®, a leading global market research company, has released a new research report titled, “Taste Modulators Market by Type (Sweet Modulators, Salt Modulators, Fat Modulators), Form (Powder, Liquid), Application (Beverages, Food, Pharmaceuticals) - Global Forecast to 2030.”
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This latest analysis from Meticulous Research® anticipates the taste modulators market to grow at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030, reaching a market value of $2.79 billion by 2030. The market expansion is primarily fueled by increased consumer awareness about health and wellbeing, a surge in demand for low-calorie foods that maintain original flavors, and the myriad benefits offered by taste modulators. Additionally, the rising popularity of innovative beverages and the burgeoning functional food sector present significant growth opportunities for taste modulator manufacturers. Conversely, the market's growth is tempered by stringent regulations and international standards governing taste modulators.
Market Leaders:
Prominent companies in the taste modulators market include:Koninklijke DSM N.V. (Netherlands), International Flavors & Fragrances, Inc. (U.S.), Givaudan SA (Switzerland), Kerry Group plc (Ireland), Ingredion Incorporated (U.S.), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), Tate & Lyle PLC (U.K.), Corbion N.V. (Netherlands), Carmi Flavor & Fragrance Co. Inc (U.S.), Flavorchem & Orchidia Fragrances (U.S.), Archer-Daniels-Midland Company (U.S.)
Market Segmentation: The report segments the taste modulators market by type, form, application, and geography, providing a detailed analysis of industry competitors at both regional and country levels.
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By Type: The market is categorized into sweet modulators, salt modulators, fat modulators, and others. In 2023, sweet modulators are expected to dominate the market, driven by factors such as the push to reduce sugar intake, heightened awareness of sugar's adverse health effects, and the prevalence of diabetes and obesity. The salt modulators segment, however, is predicted to exhibit the highest CAGR during the forecast period, owing to their flavor masking capabilities and increased consumer awareness about sodium consumption.
By Form: The market is divided into powder and liquid forms. In 2023, the powder segment is projected to hold the largest market share, attributed to benefits like better homogeneity, ease of use, transportation, and storage, superior stability, availability, longer shelf life, and effective product formulation. Nonetheless, the liquid segment is expected to grow at the highest CAGR during the forecast period.
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By Application: The applications include beverages, food, pharmaceuticals, and others. The beverages segment is forecasted to lead the market in 2023. However, the food segment is anticipated to register the highest CAGR, driven by the need to maintain mouthfeel and reduce aftertaste in processed foods, and the increasing consumption of confectionery, snacks, savory products, and bakery items.
Regional Insights
Geographically, North America is projected to hold the largest share of the taste modulators market in 2023. This dominance is due to the region's preference for innovative and healthy food products, rising health and wellness concerns, the prevalence of chronic diseases, and a well-established food and beverage industry.
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