Taste Modulators Market Highlights
Taste modulators are food additives that help food products taste better while keeping their nutritional value. They assist with the development and introduction of food products with improved flavour and health advantages. Sweet modulators help to increase the sweetness of a food or beverage while lowering the amount of sugar in it. Players are focusing on R&D to offer unique products that adapt to changing consumer preferences, making the worldwide flavour modulators market attractive. Manufacturers of flavour modulators, for example, have created ingredients that assist new stevia-based products achieve a bitter, liquorice-like aftertaste. Furthermore, as these modulators alter the activity of the principal ligand to which they bind, ongoing research on positive allosteric modulators (PAM) is predicted to result in attractive prospects for market players.
The global taste modulators market has been segmented by type, application, and region.
Based on type, the global taste modulators market 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 taste modulators market has been divided, by application, into dairy and 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 fuelling 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.
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Key Players
Some of the key players in the global taste modulators market 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).
Regional Analysis
The global taste modulators market has been segmented, based on region, into North America, Europe, Asia-Pacific, the rest of the world.
North America is projected to 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 modulators in North America. However, the market in Asia-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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