Taste Modulators Market Analysis, Economic Conditions, Acquisitions, Developments and Forecast by 2027
Market Highlights
Taste modulators are food additives that help in
improving the taste of food products while maintaining their nutritional
content. They help in formulating and introducing food products with enhanced
flavor and increased health benefits. Sweet modulators help in enhancing the
sweetness of a food product or beverage while reducing the sugar content. The
global taste modulators market is lucrative with players focused on R&D to
launch novel products that cater to the changing consumer preferences. For
instance, manufacturers of taste modulators have introduced products that help
in masking the bitter, licorice-like aftertaste of new stevia-based products.
Moreover, ongoing research on positive allosteric modulators (PAM) is expected
to result in profitable opportunities for market players as these modulators
influence the activity of the primary ligand to which they bind.
The global taste modulators market has been
segmented by type, application, and region.
Based on type, the global taste
modulators market analysis has been segmented into sweet modulators, salt
modulators, and others. The sweet modulators segment is expected to gain the
largest revenue share and register the highest growth rate during the forecast
period. Surging global demand for sweet food products and beverages is expected
to contribute to the growth of the segment as sweet modulators are healthy food
ingredients consumed by health-conscious consumers. Sweet modulators are
low-calorie sweeteners that aid in restoring or adding sweetness to food &
beverages.
The global taste modulators market has been
divided, by application, into dairy and frozen desserts, bakery and
confectionery, beverages, snacks and savory products, meat, poultry, and
seafood products, and others. The beverages segment is projected to
be dominant during the review period due to the surging consumption of alcoholic
and non-alcoholic beverages across the globe. Additionally, the increasing
demand for natural fruit juices, sports drinks, and fortified low-calorie
drinks is fueling the growth of the segment. However, the snacks and savory
products segment is expected to exhibit the highest growth rate during the
forecast period owing to the increasing demand for convenient snacks and savory
products, especially among the working population.
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Regional Analysis
The global taste modulators market has been segmented, on the basis of
region, into North America, Europe, Asia-Pacific, the rest of the world.
North America is projected to gain market dominance during the forecast
period owing to the rising health awareness among consumers. The increasing
demand for healthy food products and natural beverages in the region is also
boosting the sales of natural taste modulators in North America. However, the
market in Asia-Pacific is expected to register the highest growth rate during
the forecast period due to the strong market growth in developing countries
such as India and China.
Key
Players
Some
of the key players in the global taste modulators market are Givaudan (Switzerland), Koninklijke DSM
N.V. (Netherlands), Kerry Group plc (Ireland), Sensient Technologies
Corporation (US), Ingredion Incorporated (US), Carmi Flavor & Fragrance
Co., Inc. (US), Firmenich SA (Switzerland), International Flavors &
Fragrances Inc. (US), Symrise (Germany), and The Flavor Factory (US).
NOTE:
Our Team of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
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