The flavor modulator market is set to hit US$ 1,758.7 million by 2032, expanding at a rapid 10.1% CAGR from 2022. These ingredients intensify, mask, or alter flavors in food, beverages, and pharmaceuticals, driving their growing demand. Manufacturers focus on certified modulators to meet consumer needs, fueling market growth.
The global flavor modulator market size is expected to reach US$ 1,758.7 Million in 2032. The flavor modulator market is growing rapidly. As per FMI Analysts, the global Flavor modulator market is estimated to be valued at US$ 1593.16 Million in 2022 and is projected to increase at a CAGR of 10.1% in the forecast period from 2022 to 2032.
Ingredients known as flavour modulators are employed in the food and beverage sector to intensify specific flavours. The market is seeing a rise in demand for flavour modulators as a result of their usage as masking flavours, unwanted flavours in food and drink, and even in the pharmaceutical sector. Since flavour is a vital component and flavour modulation is a critical process for the producer, flavour modulators are used to enhance the flavour of the food product. Manufacturers are concentrating on providing certified flavour modulators in response to consumer demand, which is supporting the market’s expansion.
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Food Industry Boosting the Sale of Flavor Modulator
Flavor modulators are essential in the food industry, to alter the taste of the end product. The increasing population along with the rising demand for low sugar and fat content food, has boosted the demand for flavor modulators.
Besides the food and beverage market there is also a significant demand for flavor modulator in the pharmaceutical market, such as some medicines are bitter in taste, and to alter the bitter taste, flavor modulators are used in some tablets and cough syrup that eventually attracts the young consumers and increases the market demand for flavor modulators. Dietary supplement holds a significant market, which uses flavor modulators such as, dietary supplement contains amino acid and other vitamins, that might tend to produce the pungent odor when stored in a tin, so to alter the fragrance, the manufacturers use flavor modulators, which is helping market of flavor modulators grow significantly. Nowadays, flavor modulators are also used by some animal feed manufacturer to alter the after taste of animal feed, increasing the market demand for flavor modulators across the globe.
Flavor Modulator Market: Key Players
Some of the top manufacturers and suppliers of flavor modulators are Koninklijke DSM N.V., Kerry Group plc, Ingredion Incorporated, Symrise AG, Sensient Technologies Corporation, Givaudan SA, Firmenich S.A., International Flavors & Fragrances Inc., Carmi Flavor and Fragrance Co. and Fragrance Co. Inc, Guangdong Zhaoqing Flavor Factory Co., Ltd.
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Opportunities for Market Participants for Flavor Modulator
The medicated confectionery such as hard candies and lozenges are widely formulated for minor throat irritation, colds coughs, and other conditions medicines to provide a better taste. The limited product range of medicated confectionery is expected to create an opportunity for flavor modulators manufactures. With the increasing trend of quitting smoking, anti-smokers choose throat lozenge and breathe fresheners, consequently helping the flavor modulators market in the medicated segment to significantly grow in the coming years.
Moreover, understanding customer needs and offering products accordingly, with specified characteristics, should be the key focus area for the new manufacturers entering the flavor modulators market. Additionally, companies could focus on developing consumable products that are associated with several health benefits to leverage the arising opportunity from an increasing number of health-conscious customers in the global flavor modulators market. Moreover, understanding customer needs and offering products accordingly, with specified characteristics, should be the key focus area for the new manufacturers entering in the flavor modulators market.
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Flavor modulators Market Segmentation
On the basis of application, the flavor modulators market has been segmented as –
- Beverages
- Alcoholic beverages
- Non-alcoholic beverages
- Pharmaceutical
- Chocolate and Confectionary
- Dairy
- Instant Soups and Sauces
- Bakery
- Animal Feed
- Dietary supplements
- Others
On the basis of form the flavor modulators market has been segmented as –
- Powder
- Granules
- Liquid
- Others
On the basis of type, the global flavor modulators market has been segmented as –
- Salt flavor modulator
- Sweet flavor modulator
- Fat flavor modulator
- Others
On the basis of distribution channels the global flavor modulators market has been segmented as –
- B2B
- B2C
- Store-Based Retailing
- Grocery Retailers
- Modern Grocery Retailers
- Convenience Stores
- Discounters
- Traditional Grocery Retailers
- Independent Small Grocers
- Other Grocery Retailers
- Non-grocery Retailers
- Mixed Retailers
- Medical retailers
- Other Non-grocery Retailers
- Online Retailing
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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