Taste Modulators Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 8.60 % |
| Fastest Growing Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Taste Modulators Market Analysis
The global taste modulators market is growing at a CAGR of 8.6% during the forecast period (2019 - 2024).
- The prevalence of obesity and diabetes across the globe with about 1.6 billion adults aged 18 and above were obese in 2016 (According to WHO), this is one of the major factors driving the demand for taste modulators in food and beverage industries. This has helped the consumers to meet their flavor requirementswithout compromising with their health.
- The implemented sugar taxes in countries, like Thailand, are driving consumers toward beverages that have less sugar. This, in turn, is driving the demand for sweet modulators in such countries. To cater to the increasing demand for flavored carbonated beverage products among consumers under different demographics, the food and beverage companies are increasingly focusing on making product lines with reduced sugar and sodium content. This is driving the growth of the taste modulator market in the end-user industries.
Taste Modulators Market Trends
This section covers the major market trends shaping the Taste Modulators Market according to our research experts:
Increasing Demand For Functional Food and Beverage
The progressive inclination of consumers across the globe towards health-oriented products has involved taste modulators in the functional food and beverage industry as a requisite in the list. In addition, the sale promoting tag lines, such as “ready to drink”, “on the go” and other convenience factors, such as reduced sugar or sodium altogether served by functional beverages, further augments the demand for taste modulators primarily for sweet and salt modulators. The taste modulators are increasingly being used in fortified beverages targetting the consumers who are looking for healthy drinks without compromising with the taste and mouthfeel.
Asia Pacific Emerges As The Fastest Growing Market
Increased health consciousness among Asian consumers primarily in China, Japan, Australia, India, and others have led to the demand for food and beverages with various health claims such as reduced calorie, reduced sugar or reduced-sodium. Also, governments in countries like Thailand, Singapore, Australia, India, Hong Kong, and others have imposed heavy sugar taxes to reduce the prevalence of obesity and diabetes among consumers which in turn has resulted in various food and beverage industries to opting for sugar alternatives to meet the demand for flavored/sweetened beverages. Moreover, 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 of taste modulators during the forecast period.
Taste Modulators Industry Overview
Taste Modulators Market Leaders
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Koninklijke DSM N.V.
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International Flavors & Fragrances Inc.
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Sensient Technologies Corporation
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The Flavor Factory
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Kerry Inc.
*Disclaimer: Major Players sorted in no particular order
Taste Modulators Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
- 3.1 Market Overview
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
-
4.3 Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 Application
- 5.1.1 Food
- 5.1.1.1 Bakery and Confectionery Products
- 5.1.1.2 Dairy Products
- 5.1.1.3 Snacks & Savory Products
- 5.1.1.4 Meat Products
- 5.1.1.5 Others
- 5.1.2 Beverage
- 5.1.2.1 Alcoholic Beverages
- 5.1.2.2 Non-Alcoholic Beverages
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5.2 Type
- 5.2.1 Sweet Modulators
- 5.2.2 Salt Modulators
- 5.2.3 Fat Modulators
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Spain
- 5.3.2.2 United Kingdom
- 5.3.2.3 Germany
- 5.3.2.4 France
- 5.3.2.5 Italy
- 5.3.2.6 Russia
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East and Africa
- 5.3.5.1 South Africa
- 5.3.5.2 United Arab Emirates
- 5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Koninklijke DSM N.V
- 6.3.2 International Flavors & Fragrances Inc
- 6.3.3 Sensient Technologies Corporation
- 6.3.4 The Flavor Factory
- 6.3.5 Kerry Inc
- 6.3.6 Givaudan
- 6.3.7 Ingredion Incorporated
- 6.3.8 Flavorchem Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityTaste Modulators Industry Segmentation
The global taste modulators market is studied for various food product divisions such asBakery and Confectionery Products,Dairy Products,Snacks & Savory Products,Meat Products, and others. The taste modulators used in alcoholic, as well as non-alcoholic beverages, is also studied in detailed. The different types of taste modulators used in the food and beverage industries include sweet modulators, salt modulators and fat modulators. The market is studied in detailed for both mature as well as developing countries across the globe to provide a broader perspective.
| Application | Food | Bakery and Confectionery Products |
| Dairy Products | ||
| Snacks & Savory Products | ||
| Meat Products | ||
| Others | ||
| Application | Beverage | Alcoholic Beverages |
| Non-Alcoholic Beverages | ||
| Type | Sweet Modulators | |
| Salt Modulators | ||
| Fat Modulators | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Spain |
| United Kingdom | ||
| Germany | ||
| France | ||
| Italy | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East and Africa | South Africa |
| United Arab Emirates | ||
| Rest of Middle East and Africa |
Taste Modulators Market Research FAQs
What is the current Taste Modulators Market size?
The Taste Modulators Market is projected to register a CAGR of 8.60% during the forecast period (2024-2029)
Who are the key players in Taste Modulators Market?
Koninklijke DSM N.V., International Flavors & Fragrances Inc., Sensient Technologies Corporation, The Flavor Factory and Kerry Inc. are the major companies operating in the Taste Modulators Market.
Which is the fastest growing region in Taste Modulators Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
What years does this Taste Modulators Market cover?
The report covers the Taste Modulators Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Taste Modulators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Taste Modulators Industry Report
Statistics for the 2024 Taste Modulators market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Taste Modulators analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
