Home Markets The Taste Modulators Market is Estimated to Reach US$ 3.0 billion by 2033, with a CAGR of 6.3% from 2023 to 2033, Report by Future Market Insights, Inc.

The Taste Modulators Market is Estimated to Reach US$ 3.0 billion by 2033, with a CAGR of 6.3% from 2023 to 2033, Report by Future Market Insights, Inc.

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Future Market Insights Global and Consulting Pvt. Ltd.

The use of sweet taste modulators in huge amounts in the beverage sector around the world promotes market expansion, FMI records a CAGR of 6.3% From 2023 to 2033. With a rise in consumer’s demand for nutritious products as well as low-fat and low-calorie foods, North America is predicted to remain the global leader of the taste modulators market over its forecast period

DUBAI, United Arab Emirates, Feb. 01, 2023 (GLOBE NEWSWIRE) — The global demand for taste modulators is increasing as the number of individuals suffering from chronic diseases such as cancer, heart disease, and diabetes rises, encouraging people to adopt healthier eating habits, which will eventually drive the global market for taste modulators. Seven out of ten persons have a chronic disease, and four out of ten adults have two or more chronic diseases, according to the Centers for Disease Control and Prevention.

Owing to their capacity to manufacture nutritionally balanced products while keeping flavor quality, taste modulators are becoming increasingly popular among fitness enthusiasts. They are in a range of sports and energy beverages. Another element fueling the rise of the taste modulator industry is their potential to replace salt or sugar, thereby assisting in the regulation of a person’s sugar and salt intake.

Soft drink consumption, such as flavored sodas and colas, is dropping internationally due to their high sugar, phosphoric acid, artificial coloring, caffeine, and artificial sweetener content, all of which can be harmful to the human body.

As a result, many consumers are switching from fizzy beverages to healthier choices. Several manufacturers are introducing taste modulators into their products to fulfill consumer demand.

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Key Takeaways from the Taste Modulators Market

  • The taste modulators market is expected to record a CAGR of 6.3% from 2023 to 2033.

  • Increasing demand and popularity of the product for enhancing food flavor.

  • The taste modulators market is dominated by North America.

  • Asia Pacific is the most rapidly rising region.

Key Development in the Taste Modulators Market

  • Koninklijke DSM N.V (the Netherlands) announced a merger with Firmenich in June 2022. (Denmark). Firmenich is a leading player in the fragrance and taste industries. This combination will aid the company’s market position in the nutrition, health, and beauty sectors. According to business insiders, the merger should be finalized by 2023.

  • The merger with Dupont Nutrition & Biosciences was finalized in February 2022. (United States). The merger of IFF and DuPont creates a global leader in high-value ingredients and solutions for the global food and beverage, home and personal care, and health and wellness industries. On an enterprise value basis, the agreement valued the combined business at USD 45.4 billion. This will enable IFF to expand into new markets and sell its taste-modifier product to a broader range of customers.

  • Givaudan said in February 2020 that it has finalized the acquisition of Ungerer & Company, a flavor, fragrance, and specialty Ingredients Company based in the United States. Ungerer has a significant market presence in North America, as well as a well-developed position in all of its areas and a large client base. The acquisition will assist Givaudan in integrating and expanding its product portfolio, allowing it to serve to a newer consumer base with a broader product offering

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Market Segments Covered in Taste Modulator Industry Analysis

By Product Type:

  • Sweet Modulators

  • Salt Modulators

  • Fat Modulators

By Application:

  • Dairy Products

  • Bakery Products

  • Confectionery Products

  • Meat Products

  • Snacks

  • Savory

  • Alcoholic Beverages

  • Non-Alcoholic Beverages

By Region:

  • North America

  • Latin America

  • Europe

  • South Asia

  • East Asia

  • Oceania

  • MEA

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Table of Content

1. Executive Summary | Taste Modulators Market

  1.1. Global Market Outlook

  1.2. Demand-side Trends

  1.3. Supply-side Trends

  1.4. Technology Roadmap Analysis

  1.5. Analysis and Recommendations

2. Market Overview

  2.1. Market Coverage / Taxonomy

  2.2. Market Definition / Scope / Limitations

3. Market Background

  3.1. Market Dynamics

      3.1.1. Drivers

      3.1.2. Restraints

      3.1.3. Opportunity

      3.1.4. Trends

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Explore FMI’s Extensive Coverage on Food & Beverage Domain:

Flavour Modulators Market Size: The flavour modulators market is mainly driven by the food and beverages industry owing to the applications in various areas such as bakery, dairy, food processing, and beverages.

Natural Taste Enhancers and Modifiers Market Value: Due to more demand in the developed regions for natural taste enhancers and modifiers, the production remains concentrated in these regions. The trend is slowly picking up in developing regions, however, the market is still in the introductory phase.

Vegetarian Taquitos Market Demand: The global vegetarian taquitos market is expected to be valued at US$ 124 million in 2023 and reach a valuation of US$ 217.9 million by 2033.

Cellulose Gel Market Forecast: Global demand for cellulose gel is expected to reach a market valuation of US$ 30 million by the year 2023, accelerating at a CAGR of 6.5% over the forecast period ranging from 2023 to 2033.

Flavoring Oils Market Analysis: Global demand for Flavouring Oils is expected to reach a market valuation of US$ 3 Billion by the end of the year 2023, accelerating at a CAGR of 18% over the forecast period (2023-2033).

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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