Taste Modulators Market to be Worth $2.50 Billion by 2031

Taste Modulators Market Size, Share, Forecast, & Trends Analysis by Type (Sweet, Salt, Fat Modulators), Form (Liquid, Powder), Application (Beverages {Non-Alcoholic, Alcoholic Beverage}, Food {Dairy, Savory, Snacks, Meat Products) - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Taste Modulators Market Size, Share, Forecast, & Trends Analysis by Type (Sweet, Salt, Fat Modulators), Form (Liquid, Powder), Application (Beverages {Non-Alcoholic, Alcoholic Beverage}, Food {Dairy, Savory, Snacks, Meat Products) - Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the taste modulators market is expected to record a CAGR of 7.3% from 2024 to 2031 to reach $2.50 billion by 2031. The growth of this market is driven by rising consumer awareness regarding health and wellbeing, growing consumer demand for low-calorie food products with original taste, and a wide range of benefits of taste modulators. Additionally, the increasing demand for innovative beverages and the expanding functional food industry offer significant growth opportunities for taste modulator manufacturers. However, stringent regulations and international standards for taste modulators restrain the market’s growth.

Key Players

The key players operating in the taste modulators market are DSM-Firmenich AG (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 Corporation (U.S.), Icon Foods (U.S.) Synergy Flavors, Inc. (U.S.) and Archer-Daniels-Midland Company (U.S.).

The taste modulators market is segmented based on type, form, application, and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

Based on type, the taste modulators market is segmented into sweet modulators, salt modulators, fat modulators, and other taste modulators. In 2024, the sweet modulators segment is expected to account for the largest share of 47.1% of the taste modulators market. The large market share of this segment is attributed to the desire for reduced sugar consumption, rising awareness about the ill effects of sugar consumption, growing incidences of diabetes and obesity, high demand for healthier and low-caloric foods, and a wide range of applications. However, the salt modulators segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the enhanced flavor masking benefits and growing consumer awareness regarding excessive sodium intake.

Based on form, the taste modulators market is segmented into powder and liquid. The liquid segment is expected to register the highest CAGR of 7.5% during the forecast period 2024–2031 due to the increasing demand from beverage manufacturers. In food and beverage product manufacturing, liquid taste modulators help to improve viscosity, mouthfeel, product stability, texture, shelf life, taste, and visual aspects.

Based on application, the taste modulators market is segmented into beverages, food, pharmaceuticals, and other applications. In 2024, the beverages segment is expected to account for the largest share of 43.8% of the taste modulators market. The large market share of this segment is attributed to the high demand for healthy and functional beverages, high adoption of taste modulators in non-alcoholic beverages, strong growth in the beverage industry, and increased promotional and advertisement strategies about clean labels by beverage manufacturers.

Based on geography, in 2024, North America is expected to account for the largest share of 37.1% of the taste modulators market. North America’s major market share is attributed to an increase in consumer preference for innovation and healthy food products, growing health and wellness concerns, rising prevalence of chronic diseases, and a well-established food and beverage industry.

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Key questions answered in the report:

Which are the high-growth market segments in terms of type, form, application, and region?
What is the historical market for taste modulators across the globe?
What are the market forecasts and estimates for the period of 2024 to 2031?
What are the major drivers, restraints, challenges, opportunities, and trends in the taste modulators market?
How is the competitive landscape?
What are the recent developments in the taste modulators market?
What are the different growth strategies adopted by the major players in the market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global taste modulators market, and how do they compete with other players?

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