Key Trends Driving Growth in the Taste Modulators Sector to Reach USD 3.0 Billion by 2033 | FMI

Taste Modulators Market
Taste Modulators Market

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.

The Taste Modulators Market is expected to reach US$ 1.6 billion by 2023. It is estimated to reach US$ 3.0 billion by 2033, with a CAGR of 6.3% from 2023 to 2033.

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.

Discover Growth Potential: Explore our detailed market research study to identify high-potential sectors and strategic business opportunities.

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.

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.

Secure Your Copy Now: Gain full access to the Taste Modulator Industry report, including Market Forecast, Company Share Analysis, Competitive Intelligence, DROT Analysis, Market Dynamics, Challenges, and Strategic Growth Initiatives.

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

About Future Market Insights (FMI)

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website:https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these