Market Highlights
Taste modulators arefood 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.
Key Players
Some of the keyplayers in the global taste modulators market revenue 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).
Market Segment
The global tastemodulators market analysis has been segmented by type, application, and region.
Based on type, theglobal taste modulators market share 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 tastemodulators market size has been divided, by application, into dairyand 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.
Regional Analysis
The global tastemodulators market has been segmented, on the basis of region, into North
America, Europe, Asia-Pacific, the rest of the world.
North America is projectedto 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 enhancer market in North America. However, the market inAsia-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.
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