Taste Modulators Market Size, Share, Forecast, & Trends Analysis by Type (Sweet, Salt, Fat Modulators), Form (Liquid, Powder), Application (Beverages, Food )

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Taste Modulators Market Size, Share, Forecast, & Trends Analysis by Type (Sweet, Salt, Fat Modulators), Form (Liquid, Powder), Application (Beverages {Non-Alcoholic, Alcoholic Beverage}, Food {Dairy, Savory, Snacks, Meat Products)-Global Forecast to 2031

According to the research report titled, 'Taste Modulators Market Size, Share, Forecast, & Trends Analysis by Type (Sweet, Salt, Fat Modulators), Form (Liquid, Powder), Application (Beverages {Non-Alcoholic, Alcoholic Beverage}, Food {Dairy, Savory, Snacks, Meat Products)-Global Forecast to 2031,' the taste modulators market is expected to reach $2.50 billion by 2031, at a CAGR of 7.3% during the forecast period from 2024 to 2031.

This report provides an in-depth analysis of the taste modulators market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2031.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of the taste modulators market is driven by rising health awareness among consumers, the growing demand for low-calorie food products that do not compromise taste, and the benefits of taste modulators. However, stringent regulations & international standards may restrain market growth.

The growing demand for innovative beverages and the expanding functional foods industry is expected to create market growth opportunities. However, the high research & development costs pose a significant challenge to the market's growth. Moreover, the rising demand for novel beverages and the emergence of clean-label taste modulation solutions are prominent trends in the taste modulators market.

The key players operating in the taste modulators market are DSM-Firmenich AG (Switzerland), International Flavors & Fragrances Inc. (U.S.), Archer-Daniels-Midland Company (U.S.), Kerry Group plc (Ireland), Ingredion Incorporated (U.S.), Givaudan SA (Switzerland), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), Tate & Lyle PLC (U.K.), The Flavor Factory, Inc. (U.S.), Carmi Flavor & Fragrance Co., Inc. (U.S.), Corbion N.V. (Netherlands), Flavorchem Corporation (U.S.), Icon Foods (U.S.), and Synergy Flavors, Inc. (U.S.).

Based on type, this market is bifurcated into sweet modulators, salt modulators, fat modulators, and other taste modulators. In 2024, the sweet modulators segment is expected to account for the largest share of 47.7% of the taste modulators market. This segment's large market share is attributed to the preference to consume less sugar, growing awareness of the negative effects of consuming excessive sugar, high rates of diabetes and obesity, and a strong demand for low-calorie, nutritious food.

Based on form, this market is bifurcated into liquid and solid. In 2024, the liquid segment is expected to account for a larger share of 57.5% of the taste modulators market. Moreover, this segment is also projected to register the highest CAGR of 7.5% during the forecast period. The large market share and rapid growth of this segment are attributed to the increasing demand for a range of food and beverage applications for convenient and ready-to-use taste modulators. Liquid taste modulators also aid in enhancing the viscosity, mouthfeel, stability, texture, shelf life, taste, and aesthetic features of products during the production process.

Based on application, this market is bifurcated into beverages, food, and other applications. In 2024, the beverages segment is expected to account for the largest share of 44.3% of the taste modulators market. This segment's large market share is attributed to the high acceptance of taste modulators in non-alcoholic beverages, robust expansion of the global beverage sector, enhanced marketing and advertising techniques addressing clean labels by beverage makers, and high demand for healthy and functional beverages.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. Asia-Pacific is poised to register the highest CAGR of 9.2% during the forecast period, mainly due to the expansion of the food and beverage sector, a rise in consumer health consciousness, and an increase in the incidence of diabetes and obesity.

Key Questions Answered in the Report-

What is the current revenue generated by the taste modulators market globally?
At what rate is the taste modulator demand projected to grow for the next five to seven years?
What are the historical market sizes and growth rates of the taste modulators market?
What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
Which segments, in terms of type, form, and application, are expected to create traction for the manufacturers in this market during the forecast period 2024-2031?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the taste modulators market?
Who are the major players in the taste modulators market? What are their specific product offerings in this market?
What are the recent strategic developments in the taste modulators market? What are the impacts of these strategic developments on the market?

Scope of the Report:

Global Taste Modulators Market Assessment-by Type

Sweet Modulators
Salt Modulators
Fat Modulators
Other Taste Modulators

Global Taste Modulators Market Assessment-by Form

Liquid
Solid

Global Taste Modulators Market Assessment-by Application

Beverages
Non-alcoholic Beverages
Alcoholic Beverages
Food
Bakery and Confectionary
Dairy Products
Snacks and Savory Products
Meat, Poultry, and Seafood
Other Food Products
Other Applications

Global Taste Modulators Market Assessment-by Geography

North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa

Product Code: MRFB - 10414

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection and Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews With Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

3.1. Overview
3.2. Segment Analysis
- 3.2.1. Taste Modulators Market, by Type
- 3.2.2. Taste Modulators Market, by Form
- 3.2.3. Taste Modulators Market, by Application
3.3. Taste Modulators Market-Regional Analysis
3.4. Competitive Landscape & Market Competitors

4. Market Insights

4.1. Overview
4.2. Factors Affecting Market Growth
- 4.2.1. Rising Health Awareness among Consumers Driving the Demand for Taste Modulators
- 4.2.2. Growing Demand for Low-Calorie Food Products that Do not Compromise on Taste Boosting the Adoption of Taste Modulators
- 4.2.3. Benefits of Taste Modulators Supporting Market Growth
- 4.2.4. Stringent Regulations & International Standards Restraining Market Growth
- 4.2.5. Increasing Demand for Innovative Beverages Generating Growth Opportunities for Market Stakeholders
- 4.2.6. Expanding Functional Foods Industry Creating Market Growth Opportunities
- 4.2.7. High Research & Development Costs Expected to Remain a Major Challenge for Market Players
- 4.2.8. Rising Demand for Novel Beverages
- 4.2.9. Emergence of Clean-label Taste Modulation Solutions
4.3. Global Taste Modulators Market: Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers
- 4.3.2. Bargaining Power of Buyers
- 4.3.3. Threat of Substitutes
- 4.3.4. Threat of New Entrants
- 4.3.5. Degree of Competition
4.4. Taste Modulators Market: Value Chain Analysis
- 4.4.1. Overview
- 4.4.2. Suppliers
- 4.4.3. Manufacturers
- 4.4.4. Distributors
- 4.4.5. End Users
4.5. Global Taste Modulators Market: Regulatory Analysis
- 4.5.1. Overview
- 4.5.2. North America
- 4.5.3. European Union
- 4.5.4. Asia-Pacific
- 4.5.5. Latin America
- 4.5.6. Middle East & Africa

5. Taste Modulators Market Assessment-by Type

5.1. Overview
5.2. Sweet Modulators
5.3. Salt Modulators
5.4. Fat Modulators
5.5. Other Taste Modulators

6. Taste Modulators Market Assessment-by Form

6.1. Overview
6.2. Liquid
6.3. Solid

7. Taste Modulators Market Assessment-by Application

7.1. Overview
7.2. Beverages
- 7.2.1. Non-Alcoholic Beverages
- 7.2.2. Alcoholic Beverages
7.3. Food
- 7.3.1. Bakery and Confectionary
- 7.3.2. Dairy Products
- 7.3.3. Snacks and Savory Products
- 7.3.4. Meat, Poultry, and Seafood
- 7.3.5. Other Food Products
7.4. Other Applications

8. Taste Modulators Market Assessment-by Geography

8.1. Overview
8.2. North America
- 8.2.1. U.S.
- 8.2.2. Canada
8.3. Europe
- 8.3.1. Germany
- 8.3.2. U.K.
- 8.3.3. France
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Rest of Europe
8.4. Asia-Pacific
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. Australia
- 8.4.5. Rest of Asia-Pacific
8.5. Latin America
- 8.5.1. Brazil
- 8.5.2. Mexico
- 8.5.3. Argentina
- 8.5.4. Rest of Latin America
8.6. Middle East & Africa

9. Competition Analysis

9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
- 9.4.1. Industry Leaders
- 9.4.2. Market Differentiators
- 9.4.3. Vanguards
- 9.4.4. Emerging Companies

10. Company Profiles

10.1. DSM-Firmenich AG
10.2. International Flavors & Fragrances, Inc.
10.3. Archer-Daniels-Midland Company
10.4. Kerry Group plc
10.5. Ingredion Incorporated
10.6. Givaudan SA
10.7. Symrise AG
10.8. Sensient Technologies Corporation
10.9. Tate & Lyle PLC
10.10. The Flavor Factory, Inc.
10.11. Carmi Flavor & Fragrance Co., Inc.
10.12. Corbion N.V.
10.13. Flavorchem Corporation
10.14. Icon Foods
10.15. Synergy Flavors, Inc. (Part of Carbery Group)

(Note: SWOT Analysis of Top 5 Companies Will Be Provided)

11. Appendix

11.1. Available Customization
11.2. Related Reports