Taste Modulators Market Research Report - Global Forecast till 2030

Taste Modulators Market Research Report: Information by Type (Sweet Modulators, Salt Modulators, Others), Application (Dairy & Frozen Desserts, Bakery & Confectionery, Beverages, Snacks & Savoury, Meat, Poultry, & Seafood), & Region— Forecast till 2030

ID: MRFR/F-B & N/6322-HCR | February 2021 | Region: Global | 90 pages         

Taste Modulators Market

Taste Modulators Market is expected to grow USD 3,445.62 Million at a CAGR 10.17% during the dorecast 2020-2030

Segmentation

By Type Sweet Modulators Salt Modulators Others
By Application Dairy & Frozen Desserts Bakery & Confectionery Beverages Snacks & Savoury Meat Poultry Seafood
By Region North America Europe Asia-Pacific

Key Players

  • 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)
  • The Flavor Factory (US)

Drivers

  • Consumers awareness about the ill effects of excessive salt intake
  • Demand for flavored fizzy beverage products
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Taste Modulators Market Overview


Taste Modulators Market is expected to grow USD 3,445.62 Million at a CAGR 10.17% during the dorecast 2020-2030.

Taste modulators are products used to restore the taste of a final product when calorie, salt, and fat reduction are desired worldwide. Taste modulation components are commonly used to improve sweetness, reduce salt, block bitterness, and augment mouth feel. They're widely used to get rid of the bad taste of some foods and pharmaceutical ingredients. Augmented customer desire for reduced calorie goods with the original sugar taste across the globe and rising urbanization are driving the expansion of the taste modulators market. Food and beverage firms are increasingly focusing on producing product lines with decreased sugar and sodium content to meet the growing demand for flavored fizzy beverage products among consumers of various demographics. In the end-user industries, this is fueling the expansion of the taste modulator market.


In addition to this, growing awareness among consumers about the ill effects of excessive salt intake also carves the way for the market's growth. Moreover, stringent regulations and international standards for sweet and salt reducing ingredients and ambiguity regarding the health effects of sugar substitutes are the important factors acting as taste modulators market growth determinants. Rising demand for low-calorie foodstuffs from health-conscious customers while maintaining the original taste provides a lucrative opportunity for this industry.


Segmentation


The global taste modulators market has been segmented based on type, application, and region.


Based on type, the global taste modulators market has been divided into sweet modulators, salt modulators, and others.


The global taste modulators market has also been classified, on the basis of application, as dairy and frozen desserts, bakery and confectionary, beverages, snacks and savory products, meat, poultry, and seafood products, and others.


The global taste modulators market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.


The North American taste modulators market has further been segmented into the US, Canada, and Mexico. The European taste modulators market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The taste modulators market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The taste modulators market in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players


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) are some of the key players in the global taste modulators market.


Regional Market Summary


Global Taste Modulators Market Share (%), by Region, 2018 Global Taste Modulators Market Share (%), by Region, 2018 Source: Secondary Sources and MRFR Analysis


North America is expected to dominate the global taste modulators market during the forecast period due to the increasing demand for healthy food ingredients in the region. The presence of prominent market players in North America is also expected to catalyse the regional market growth. Asia-pacific is expected to register the highest CAGR during the forecast period of 2019 to 2024 owing to the rising health awareness and the growing presence of market players in the region.

Recent Development


Mar 2022 After the country's food safety authorities approved the Codex Alimentarius (Codex) criteria for steviol glycosides manufactured by diverse technologies, Sweegen's whole Signature Bestevia® array of nature-based sweeteners and sweetener systems is now available to brands in Mexico. Sweegen's bioconversion process for generating clean, non-GMO stevia sweeteners, such as Rebaudiosides B, D, E, I, M, and Nalong, is one example. With their extensive expertise in taste modulators and texturants, Sweegen provides market-leading solutions that customers and consumer’s demand.


Nov 2021 Flavorchem, a global flavor and ingredient provider, has introduced Taste Mod for Protein, a clean label solution for masking off-notes in plant-based proteins. The breakthrough is the first in a series of "high-performance" flavor modulators designed to improve the sensory experience of functional foods and beverages, which have witnessed a surge in demand after the pandemic. Flavor Mod for Protein improves the taste of various products, including ready-to-drink nutritional beverages, snack and performance bars,  and functional blends and mixes.


Global Taste Modulators Market, by Type



  • Sweet Modulators

  • Salt Modulators

  • Others


Global Taste Modulators Market, by Application



  • Dairy and Frozen Desserts

  • Bakery and Confectionary

  • Beverages

  • Snacks and Savory Products

  • Meat, Poultry, and Seafood Products

  • Others


Global Taste Modulators Market, by Region



  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific





  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Key Players in the Taste Modulators Market



  • 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)

  • The Flavor Factory (US)


Intended Audience



  • Taste modulator producers/suppliers

  • Food manufacturers/processors

  • Beverage manufacturers/processors

  • Food & beverage associations

  • Food ingredient manufacturers

  • Raw material suppliers and distributors

  • Traders, exporters, and importers



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