The taste modulators market size is expected to reach USD 2.0 billion in 2028 from USD 1.4 billion in 2023, at a CAGR of 7.4% during the forecast period. The taste modulators market is growing due to rising health consciousness, addressing the demand for healthier options by reducing sugar, salt, and fat. The surge in obesity and diabetes cases fuels the need for sugar-free and reduced-calorie products, often utilizing taste modulators.
Some key factors driving the taste modulators market growth:
- Rising health awareness
- Low-calorie and low-sugar trends
- Functional food and beverage demands
- Sugar taxes and regulations
- Innovation in taste modulator development
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Rising health awareness:
- Consumers are increasingly concerned about their health and well-being, leading to a demand for healthier food and beverage options. Taste modulators allow manufacturers to reduce sugar, fat, and salt content in their products without sacrificing taste, catering to this health-conscious market segment.
Low-calorie and low-sugar trends:
- The growing popularity of low-calorie and low-sugar diets is propelling the taste modulators market. These ingredients help maintain sweetness and palatability in reduced-sugar products.
Functional food and beverage demands:
- Functional foods and beverages that offer health benefits are gaining traction. Taste modulators play a role in enhancing the flavor of these products while maintaining their functionality.
Sugar taxes and regulations:
- Governments around the world are implementing sugar taxes and regulations to curb sugar consumption. This is prompting beverage manufacturers to use taste modulators to create reduced-sugar drinks.
Innovation in taste modulator development:
- Continuous research and development efforts are leading to the creation of new and improved taste modulators. These advancements offer manufacturers greater flexibility in formulating healthier products.
Overall, the taste modulators market is expected to witness continued growth in the coming years, driven by the aforementioned factors.
Taste Modulators Market Share – Global Industry Landscape
The taste modulators market is characterized by the presence of several key players competing for market share. Some of the leading companies in the taste modulators industry include:
- DSM (Netherlands)
- IFF (US)
- Givaudan (Switzerland)
- Kerry Group PLC (Ireland)
- Ingredion (US)
- Symrise (Germany)
These industry leaders strategically align with the region’s dynamic trends, where the surge in demand for clean-label and plant-based products has become increasingly evident.
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DSM (Netherlands)
- Market Share: DSM, headquartered in the Netherlands, is a global science-based company with a focus on health, nutrition, and sustainable living. It holds a significant market share in various sectors including nutrition, personal care, pharmaceuticals, and materials.
- Key Offerings: DSM offers a wide range of products and solutions including vitamins, nutritional ingredients, food and beverage ingredients, pharmaceuticals, personal care ingredients, and materials for various industries.
IFF (International Flavors & Fragrances Inc.) (US)
- Market Share: IFF, based in the United States, is a leading global creator of flavors and fragrances. It has a notable market share in the flavors and fragrances industry worldwide.
- Key Offerings: IFF provides a diverse portfolio of flavors, fragrances, and ingredients for various consumer products including food and beverages, beauty and personal care products, household goods, and more.
Givaudan (Switzerland)
- Market Share: Givaudan, headquartered in Switzerland, is one of the largest manufacturers of flavors and fragrances globally. It commands a significant market share in the flavors and fragrances industry.
- Key Offerings: Givaudan offers a comprehensive range of flavors, fragrances, and active cosmetic ingredients for use in food and beverage products, personal care products, household goods, and fine fragrances.
Kerry Group PLC (Ireland)
- Market Share: Kerry Group, based in Ireland, is a major player in the global food ingredients and flavorings market. It holds a substantial market share in the food and beverage industry.
- Key Offerings: Kerry Group provides a wide array of food and beverage ingredients, flavors, seasonings, and functional ingredients for various applications including dairy, meat, snacks, beverages, and bakery products.
Ingredion (US)
- Market Share: Ingredion, headquartered in the United States, is a leading global ingredient solutions provider primarily serving the food, beverage, and industrial markets. It holds a significant market share in the food ingredient industry.
- Key Offerings: Ingredion offers a broad portfolio of ingredient solutions including starches, sweeteners, texturizers, nutrition ingredients, and biomaterials for use in food and beverage products, as well as industrial applications.
Symrise (Germany)
- Market Share: Symrise, based in Germany, is a major player in the flavors and fragrances industry globally. It commands a considerable market share in this sector.
- Key Offerings: Symrise provides a diverse range of flavors, fragrances, cosmetic ingredients, and aroma molecules for use in various consumer products including food and beverages, personal care products, fine fragrances, and household goods.
