Taste Modulators Market Overview and Top Companies, Forecast 2030
Taste Modulators Market Dynamics:
Taste Modulators Market is expected to grow at 10.17% CAGR with USD 3.34 billion by 2030
To fulfil the increased demand for flavoured fizzy beverage products among customers of diverse demographics, food and beverage companies are increasingly focusing on developing product lines with lower sugar and sodium content. This is supporting the growth of the taste modulator market in the end-user industries. Globally, strict restrictions and international standards for sugar- and salt-reducing additives are some of the primary factors limiting the market's growth. Sweeteners must pass stringent health and safety tests.
Consumers are demanding low-sugar, low-fat, and low-salt food products as the health and wellness movement grows. Food producers are increasingly looking for new and innovative solutions to meet these demands. However, balancing the flavour profile by lowering fat, sugar, or salt compromises the product's overall taste. Furthermore, calorie changes affect not only the mouthfeel but also the aroma and flavour of the food. As a result, there is a growing usage of flavour modulators in food products, which reduce the fat, sugar, or salt content of the products while keeping or disguising the taste. The expansion of taste modulators market size is primarily fueled by rising consumer demand for lower-calorie foods.
Regulatory organisations have done a number of studies to analyse and measure the impact of these products on humans. Artificial sweetener rules in Europe are strict, whereas in the United States, authorities support the introduction of innovative sweeteners regardless of their provenance. Consumer awareness of high-calorie and high-salt intake, as well as the rising prevalence of diabetes and obesity, has fueled demand for sweet modulators around the world. Furthermore, the nutritional benefits that sweet modulators provide have helped them gain favour among consumers.
Furthermore, rising consumer awareness of the negative consequences of excessive salt consumption is paving the way for the market's expansion. Furthermore, strict rules and international standards for sweet and salt-reducing components, as well as ambiguity about the health implications of sugar alternatives, are major market growth determinants that serve as flavour modulators. The growing demand for low-calorie goods from health-conscious clients while still maintaining the original flavour offers a lucrative opportunity for this industry.
Competitive Dynamics:
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 taste modulators market players.
Market Segmentation:
The worldwide taste modulators market size has been divided into three categories: type, application, and geography.
The global flavour modulators market has been segmented based on type into sweet modulators, salt modulators, and others.
On the basis of application, the global taste modulators market is divided into dairy and frozen desserts, bakery and confectionery, drinks, snacks, and savoury items, and meat, poultry, and seafood products, among others.
Regional Analysis
Due to the rising demand for healthy food ingredients in the region, North America is likely to lead the worldwide taste modulators market outlook during the forecast period. The presence of well-known industry players in North America is predicted to help the region's market flourish.
Due to rising health awareness and the expanding presence of taste modulators market overview participants in the area, Asia-Pacific is predicted to have the highest CAGR during the forecast period of 2022 - 2030. During the forecast period, the Asia Pacific region is expected to increase at the fastest rate. This region's rapid expansion is mostly due to expanding demand for processed food items in emerging and developing countries such as India, China, Indonesia, and Thailand, as well as a growing health and wellness trend, rising obesity and diabetes rates, and a vast food and beverage sector. Furthermore, the market's expansion is aided by rising urbanisation and disposable income.
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