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Redding, California - August 13, 2024

Taste Modulators Market to Reach $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 reach $2.50 billion by 2031, at a CAGR of 7.3% from 2024 to 2031. The growth of this market can be attributed to several factors, including the rising health awareness among consumers, the growing demand for low-calorie food products that do not compromise taste, and the benefits of taste modulators. However, stringent regulations & international standards restrain the growth of this market.

Furthermore, the increasing demand for innovative beverages and the expanding functional foods industry is expected to offer growth opportunities for the players operating in this market. However, high research & development costs are a major challenge impacting the growth of the taste modulators market.

Moreover, rising demand for novel beverages and the emergence of clean-label taste modulation solutions are prominent trends in the taste modulators market.

Key Players

The taste modulators market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the taste modulators market are DSM-Firmenich AG (Switzerland), International Flavors & Fragrances Inc. (U.S.), Archer-Daniels-Midland Company (U.S.), Kerry Group plc (Ireland), Ingredion Incorporated (U.S.), Givaudan SA (Switzerland), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), Tate & Lyle PLC (U.K.), The Flavor Factory, Inc. (U.S.), Carmi Flavor & Fragrance Co., Inc. (U.S.), Corbion N.V. (Netherlands), Flavorchem Corporation (U.S.), Icon Foods (U.S.), and Synergy Flavors, Inc. (U.S.).

The global taste modulators market is categorized by type (sweet modulators, salt modulators, fat modulators, and other taste modulators), form (liquid and solid), application (beverages {non-alcoholic beverages and alcoholic beverages}, food {bakery and confectionary, dairy products, snacks and savory products, meat, poultry, and seafood, and other food products}, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). This study also evaluates industry competitors and analyzes the regional and country-level markets.

On the basis of type, this market is categorized into sweet modulators, salt modulators, fat modulators, and other taste modulators. In 2024, the sweet modulators category is anticipated to account for the largest share of 47.7% of the taste modulators market. The dominance of this category is due to the rising preference for less sugar consumption, increased awareness of the negative effects of excessive sugar consumption, rising diabetes and obesity rates, and a strong demand for healthy, low-calorie meals.

On the basis of form, this market is categorized into liquid and solid. In 2024, the liquid category is estimated to account for a larger share of 57.5% of the taste modulators market. This category's domination stems primarily from the growing need for convenient and ready-to-use liquid taste modulators across a wide range of food and beverage applications. Furthermore, liquid flavor modulators improve product viscosity, mouthfeel, stability, texture, shelf life, taste, and appeal, all of which are expected to increase demand.

On the basis of application, this market is categorized into beverages, food, and other applications. In 2024, the beverages category is expected to account for the largest share of 44.3% of the taste modulators market. This category's significant market share is attributed to the high demand for healthy and functional beverages, the widespread use of taste modulators in non-alcoholic beverages, the beverage industry's rapid expansion, and beverage manufacturers' increased promotional and advertising activities targeting clean labels.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), and Middle East & Africa.

In 2024, North America is poised to account for the largest share of 36.7% of the taste modulators market. North American taste modulators market is estimated to be worth USD 559.2 million in 2024. A well-established food and beverage industry, rising chronic disease incidence, high rates of obesity and related disorders like diabetes, growing customer desire for healthy food products, rising consumption of low-fat and low-calorie foods, and growing concerns about health and wellness are the main factors contributing to this market's major share.

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Key Questions Answered in the Report:

What is the value of revenue generated by the taste modulators market?
At what rate is the global demand for taste modulators projected to grow for the next 5-7 years?
What is the historical market size and growth rate for the taste modulators market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which type, form, and application categories create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the taste modulators market?
Who are the major players in the taste modulators market? What are their specific product offerings in this market?
What recent developments have taken place in the taste modulators market? What impact have these strategic developments created on the market?

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Redding, California - August 13, 2024

Taste Modulators Market to Reach $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

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