What is the global market size of Taste Modulator Market?

Taste Modulator Market size was valued at USD 1.3 billion in 2021 and is poised to grow from USD 1.39 billion in 2022 to USD 2.45 billion by 2030, growing at a CAGR of 7.3% in the forecast period (2023-2030).

Taste Modulator Market Size, Share, Growth Analysis, By Type(Sweet Modulators, Salt Modulators, and Fat Modulators.), By Application(Confectionery Products, Bakery Products, Dairy Products, Snacks & Savory Products), By Region - Industry Forecast 2024-2031

Q: Which region accounted for the largest share in Taste Modulator Market?

North America dominated the global market in terms of revenue and share during 2021 and is expected to remain the same during the forecast period. This is largely due to increasing demand for processed food products. Higher consumer demand for healthier products and higher consumption of low-fat and low-calorie foods will drive the market in this region.

Report ID: SQMIG30I2182 | Region: Global | Published Date: July, 2024
Pages: 198 | Tables: 65 | Figures: 75

Taste Modulator Market Dynamics

Drivers

Increasing Consumption of Low-Calorie to Bolster Market Growth

Consumers are increasingly becoming aware about the harmful effects of consuming sugar, fat, and salt. Holistic lifestyle approach is influencing food and beverage consumption in many consumers across the globe. This shift in preference demands improved products that help in mitigating the chronic effects of fat, sugar, and salt. Therefore, food modulators are being widely adopted by food & beverage manufacturers in various countries.

Restraints

Stringent Government Regulations to Hinder Market Growth

The use of taste modulators in the food industry consumed directly by consumers comes under increased scrutiny of regulatory authorities as these products have significant potential of directly impacting consumers' health. These stringent government regulations will hinder the market growth during the forecast period.

Taste Modulator Market Report Snapshots

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FAQs

Taste Modulator Market size was valued at USD 1.39 billion in 2022 and is poised to grow from USD 1.49 billion in 2023 to USD 2.62 billion by 2031, growing at a CAGR of 7.30% during the forecast period (2024-2031).

Taste modulators market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Ingredion Inc.', 'DSM', 'Kerry Group', 'Givaudan', 'Firmenich SA', 'International Flavors & Fragrances Inc.', 'Sensient Technologies Corporation', 'Symrise AG', 'Flavorchem Corporation', 'Senomyx, Inc.', 'Cargill, Incorporated', 'Tate & Lyle PLC', 'Mane SA', 'DuPont de Nemours, Inc.', 'Ashland Holdings Inc.', 'The Edlong Corporation', 'Fona International Inc.', 'PureCircle Limited', 'Advanced Biotech', 'Huayang Flavors & Fragrances Co., Ltd.'

Consumers are increasingly becoming aware about the harmful effects of consuming sugar, fat, and salt. Holistic lifestyle approach is influencing food and beverage consumption in many consumers across the globe. This shift in preference demands improved products that help in mitigating the chronic effects of fat, sugar, and salt. Therefore, food modulators are being widely adopted by food & beverage manufacturers in various countries.

The increased internet use and e-commerce are emerging trends that will create demand for taste modulators in the market. A large number of youngsters are influenced to buy healthier products that are low in calories, sugar-free, and fat-free. Rising awareness about living a healthy lifestyle and the increasing number of fitness influencers on social media will drive popularity of taste modulators in the market.

North America dominated the market in terms of revenue and share during 2021 and is expected to remain the same during the forecast period. This is largely due to increasing demand for processed food products. Higher consumer demand for healthier products and higher consumption of low-fat and low-calorie foods will drive the market in this region.

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Taste Modulator Market Size, Share, Growth Analysis, By Type(Sweet Modulators, Salt Modulators, and Fat Modulators.), By Application(Confectionery Products, Bakery Products, Dairy Products, Snacks & Savory Products), By Region - Industry Forecast 2024-2031

Taste Modulator Market Dynamics

Taste Modulator Market Report Snapshots

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