Global Taste Modulator Market

Taste Modulator Market Size, Share, Growth Analysis, By Type(Sweet Modulators, Salt Modulators), By Application(Confectionery Products, Bakery Products) - Industry Forecast 2024-2031


Report ID: SQMIG30I2182 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 65 | Figures: 75

Taste Modulator Market Insights

Global Taste Modulator Market size was valued at USD 1.39 billion in 2022 and is poised to grow from USD 1.49 billion in 2023 to USD 2.62 billion by 2031, growing at a CAGR of 7.30% during the forecast period (2024-2031).

Taste modulators are rising in popularity due to their demand in the food & beverage industry. They are utilized to enhance and restore taste of food while reducing salt, calorie, and fat content of the food product. Consumer demand to reduce calorie, salt, and sugar intake while retaining the original taste of food is boosting its demand in the global market.

Growing concerns among consumers about harmful effects of consuming fat, sugar, and salt is driving the demand for food modulators. Food manufacturers are adopting these products to cater these shifts in needs.

The reduction in calories impacts the mouthfeel and also affects the aroma and taste of the product. That’s why taste modulators are used in food products to reduce fat, sugar, or salt content of the product and retain or mask the same taste of the product. Increasing awareness regarding excessive salt intake and enhanced flavor masking benefits of taste modulators have increased demand for teste modulators in the global market.

US Taste Modulator Market is poised to grow at a sustainable CAGR for the next forecast year.

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Taste Modulator Market size was valued at USD 1.39 billion in 2022 and is poised to grow from USD 1.49 billion in 2023 to USD 2.62 billion by 2031, growing at a CAGR of 7.30% during the forecast period (2024-2031).

Taste modulators market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Ingredion Inc.', 'DSM', 'Kerry Group', 'Givaudan', 'Firmenich SA', 'International Flavors & Fragrances Inc.', 'Sensient Technologies Corporation', 'Symrise AG', 'Flavorchem Corporation', 'Senomyx, Inc.', 'Cargill, Incorporated', 'Tate & Lyle PLC', 'Mane SA', 'DuPont de Nemours, Inc.', 'Ashland Holdings Inc.', 'The Edlong Corporation', 'Fona International Inc.', 'PureCircle Limited', 'Advanced Biotech', 'Huayang Flavors & Fragrances Co., Ltd.'

Consumers are increasingly becoming aware about the harmful effects of consuming sugar, fat, and salt. Holistic lifestyle approach is influencing food and beverage consumption in many consumers across the globe. This shift in preference demands improved products that help in mitigating the chronic effects of fat, sugar, and salt. Therefore, food modulators are being widely adopted by food & beverage manufacturers in various countries.

The increased internet use and e-commerce are emerging trends that will create demand for taste modulators in the market. A large number of youngsters are influenced to buy healthier products that are low in calories, sugar-free, and fat-free. Rising awareness about living a healthy lifestyle and the increasing number of fitness influencers on social media will drive popularity of taste modulators in the market.

North America dominated the market in terms of revenue and share during 2021 and is expected to remain the same during the forecast period. This is largely due to increasing demand for processed food products. Higher consumer demand for healthier products and higher consumption of low-fat and low-calorie foods will drive the market in this region.

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Global Taste Modulator Market

Product ID: SQMIG30I2182

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