Global Taste Modulators Market to Reach US$ 1.9 Bn by 2030
The global taste modulators market is projected to reach US$ 1.9 Bn by the end of 2030. The market was valued at US$ 1.2 Bn in 2020. If these figures hold true, the market will exhibit a CAGR of 5.1% between 2020 and 2030. Demand is on the rise within the global market for taste modulators, primarily due to developments in the food and beverage industry. The need to modify a food product's taste derives from evolving mass inclinations.
Base year considered
Actual estimates/Historical data
2015 - 2019
2020 - 2030
Value (USD) Bn
Product Type, Application and Region
North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
Kerry Group plc, Koninklijke DSM N.V., Ingredion Incorporated, Symrise AG, Sensient Technologies, Givaudan SA, Firmenich S.A., International Flavors and Fragrances, The Flavor Factory, Carmi Flavor and Fragrance Co. Inc, Flavorchem Corporation, and Senomyx, Inc. among many others.
Revenue forecast, company share, competitive landscape, growth factors, and trends
COVID-19 Impact Analysis on Market
Taste modulators are commonly used in foods and drinks made for diabetics as a substitute for sugar. The growing incidence of diabetics and other associated diseases has therefore played an integral role in driving demand in the industry. It is worth noting that, in many drinks, taste modulators are used as sweeteners. In addition, the need to alter the taste of specific drinks according to the masses 'tastes has also guided demand. Packaged fruit juices are very popular around the globe, and from a market growth perspective this is a key consideration.
The pattern of consumption across nations, however, has changed in a short time since coronavirus ravaged the globe. Following the COVID-19 outbreak, numerous precautionary steps are implemented worldwide to promote "social distancing." Shoppers 'overall consumption behaviour was dramatically affected by the current scenario. Nowadays customers are more likely to live indoors. Therefore their food tastes include a host of balanced, plant-based snacks. Additionally, production across industries is hampered due to lockdowns imposed by different governments.
Key Research Findings
- Many manufacturers in the US adopt an optimized approach towards making taste modulators to supply food products with nutritional benefits with a range of various tastes.
- North America could be leading the global taste modulators market as the region has seen the huge availability of various foods along with occurrence of health-related issues.
- These taste modulators change the perception of a particular taste and are responsible for enhancing the taste of a particular ingredient, most commonly sugar or salt, or improving the creaminess of fatty substances.
- The global taste modulators market is expanding due to the healthy competition among existing players.
- The rising adoption of sports drinks by fitness-focused consumers, owing to the rise in the importance of pre-workout and post-workout supplements, is expected to drive the market
The major players operating in the global taste modulators market are Kerry Group plc, Koninklijke DSM N.V., Ingredion Incorporated, Symrise AG, Sensient Technologies, Givaudan SA, Firmenich S.A., International Flavors and Fragrances, The Flavor Factory, Carmi Flavor and Fragrance Co. Inc, Flavorchem Corporation, and Senomyx, Inc. among many others. The players are pursuing various approaches, such as product innovation and expansion, primarily for market penetration. The companies are also substantially involved in investing in target segments. Therefore, the key players focus on mergers and acquisitions as one of their main tactics for consolidating and maximizing their offerings. Moreover, these players merge with local players to gain dominance in the local markets.
Rising Health Awareness to Spur Demand
Rising awareness about the benefits of consumption of low-calorie and low-fat food products and rising diabetes and obesity prevalence have resulted in higher demand for such products that help mask or improve the flavour of food items. Increasing demand for low-calorie foods from health-conscious consumers while preserving the original flavour creates a lucrative opportunity for this industry. Flavour modulation components are commonly used for improving sweetness, reducing salt, blocking bitterness and increasing mouth feeling. On the flip side, uncertainty about the health effects of sugar substitutes and strict regulations concerning salt reduction ingredients are the key factors that prove to be obstacles to market development.
Nonetheless, the market will continue witnessing high demand from meat products, dairy products, confectionery products, snacks, and savoury segments. The heightened awareness about what’s good for health will drive consumers towards healthier comfort food. This will inevitably fuel the demand for taste modulators from the aforementioned application segments.
Asia Pacific Emerges as Fastest Growth Market
North America commanded the largest share of global taste modulators market, followed by Europe and Asia Pacific; however, Asia Pacific is expected to see the fastest growth over the forecast period. This region's rapid growth is mainly due to rising demand for processed food products in emerging and developing countries such as India, China, Indonesia, and Thailand; rising health and wellness trends; increasing obesity and diabetes prevalence; and its vast food and beverage industries. Rising urbanization and disposable revenues further support this market's growth.
* This data is only a representation. Actual data may vary and will be available in report.
Growth in the Market for Usable Food and Beverage
The incremental tendency of consumers across the globe towards health-oriented goods has included taste modulators in the functional food and beverage field as a prerequisite in the list. In addition, the sale advertising tag lines such as "ready to drink," "on the go" and other comfort variables such as reduced sugar or sodium consumed entirely by functional drinks further raises demand for taste modulators especially for sweet and salt modulators. Taste modulators are increasingly being used in fortified beverages targeting clients who are searching for healthy drinks without losing their taste and mouth.
Sweet modulators segment held the leading market share
Salt modulators segment forecast to higher rate of growth
Beverages segment holds dominance
Food segment to rise at a higher CAGR
How Growth will Unfold
The primary growth drivers for the taste modulators market are increased consumer demand for decreased calorie products with natural sugar flavor, increasing research and development activities for natural products to shape taste modulating solutions and increasing consumer alertness regarding the harmful effects of excess salt intake. The sweet modulators give food products a sugar taste with no calories. Manufacturers eat it to re-establish the sweet taste. In addition, the cost-effectiveness of sweet modulators, the properties of natural and flavor characterization, and thermal stability further propel their market.
Increasing health consciousness among Asian consumers, especially in China, Japan, Australia, India, and others, has led to demand for food and beverages with various health claims such as reduced calories, reduced sugar, or lower sodium. Governments in countries such as Thailand, Singapore, Australia, India, Hong Kong and others have also implemented strong sugar taxes to reduce the prevalence of obesity and diabetes among consumers, with the result that various food and beverage industries prefer sugar alternatives to meet the demand for flavored / sweetened beverages.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Taste Modulators Market: Global Industry Analysis 2015-2019& Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Taste Modulators market offers global industry analysis for 2015-2019 & opportunity assessment for 2019-2029. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Taste Modulators market, the growth prospects of the market are obtained with maximum precision.
Taste Modulators Market Taxonomy
The global Taste Modulators market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Sweet Modulators
- Salt Modulators
- Fat Modulators
- Dairy Products
- Bakery Products
- Confectionary Products
- Meat Products
- North America
- Latin America
- South Asia
- East Asia
The executive summary of the Taste Modulators market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Taste Modulators market.
Readers can find the detailed segmentation and definition of the Taste Modulators market in this chapter, which will help them understand basic information about the Taste Modulators market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Taste Modulators market report.
The associated industry assessment of the Taste Modulators market is carried out in this section. The macroeconomic factors affecting growth of the Taste Modulators market are provided in this section and the impact of these macroeconomic indicators on the Taste Modulators market is analyzed. The processing overview and technological advancements in the Taste Modulators market is also provided.
Profit margins at each level of the Taste Modulators market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Taste Modulators market.
The drivers and restraints impacting the growth of the Taste Modulators market are explained in this chapter. Opportunities and ongoing trends in the Taste Modulators market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Taste Modulators market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030).
Based on Type, the Taste Modulators market is classified into Sweet modulators, salt modulators, and fat modulators. This part also offers market attractiveness analysis based on Type.
Based on Application, the Taste Modulators market is classified into Dairy products, bakery products, confectionary products, meat products, snacks, and savory. This part also offers market attractiveness analysis based on Application.
This chapter explains how the Taste Modulators market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Taste Modulators market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Taste Modulators market in Latin America. This chapter also includes growth prospects of the Taste Modulators market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Taste Modulators market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Taste Modulators market. Readers can also find regional trends, regulations, and market growth based on end users and countries in the South Asia region.
In this chapter, readers can find information about key trends and developments in the key countries of Asia such as China, Japan, and South Korea Herbal Supplements market. Readers can also find regional trends, regulations, and market growth based on end users and countries in the East Asia region.
This chapter offers insights into how the Taste Modulators market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Taste Modulators in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Taste Modulators market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Taste Modulators market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are DSM, Kerry, Ingredion, Givaudan, Firmenich, International Flavors and Fragrances, Symrise, Sensient Technologies, The Flavor Factory, Carmi Flavor & Fragrance, Flavorchem Corporation, and Senomyx.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Taste Modulators report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Taste Modulators market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits