Global Taste Modulators Market
Posted by Shubhangi Anuse on December 13th, 2019
Global Taste Modulators Market was valued at US$ 1084 Mn in 2017 and is expected to reach US$ 2357.66Mn by 2026, at a CAGR of 10.2 % during a forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding taste modulators market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focus on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to emerging segment in taste modulators market.
Taste modulators are matters which are added to food & beverages along with flavored materials to either improve their taste or mask it off. Taste modulators change the insight of a particular flavor. They improved the flavor of a specific ingredient, commonly sugar or salt, or enhancing the creaminess of fatty substances. It is commonly carried out to eradicate undesirable tastes of some elements and pharmaceutical components. Taste modulators are used to restore the taste of the finished product where the reduction of calories, salt, and fat is required, globally. They are added to sugar & salt to mask the aftertaste and off flavor and to reducing agents to decrease the sodium content and maintain or enhance the salinity perception. Increasing awareness among the food lovers about the ill-effects of excessive salt intake and the increasing uptake of sports drinks, energy drinks, whiskey and beer boost the global taste modulators market.
The major factors driving the market is the increased demand for reduced-calorie products with the original taste of sugar and growing awareness among consumers about the ill-effects of excessive salt intake. Whereas one of the restraining factors for the taste modulators market include stringent regulations and international standards for sweet- and salt-reducing ingredients.
Based on type, the taste modulators market has been segregated into sweet modulators, salt modulators, and fat modulators. The sweet modulators segment holds the highest market in 2017, and this trend is likely to continue through the forecast timeframe. The demand for sweet modulators has been rising significantly owing to the increasing awareness among consumers regarding various diseases such as obesity and diabetes.
In terms of application, the taste modulators market has been segmented into food such as bakery products, meat products, snacks and savory products and beverages includes alcoholic and non-alcoholic. Taste modulation is generally carried out to remove undesirable tastes of some ingredients and pharmaceutical components. These modulators are widely used in products such as beer, sports drink, energy drinks and whiskey. The increase in demand of these products will boost the market in the forecast timeframe.
Geographically, North America is a develop market, followed by Asia Pacific. The demand in the area is high owing to the presence and development of end-use application for the product. Due to increase in customer preference for healthy products and increase in adoption of low-fat & low-calorie content foods, Asia Pacific is likely to holds the largest market in the forecast period. Additionally the increase in number of people suffering from diabetes from Asia Pacific region, will spur the fastest growth during the forecast period. APAC witness a high demand for taste modulators due to rise in meat consumption, population growth, and increase awareness about healthy and nutritional food products.
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The Scope of Global Taste Modulators Market:
Global Taste Modulators Market, by Type:
• Sweet Modulators
• Salt Modulators
• Fat Modulators
Global Taste Modulators Market, by Application:
o Bakery products
o Confectionery products
o Snacks & savory products
o Meat products
Global Taste Modulators Market, by Region:
• North America
• Middle East & Africa
• Asia Pacific
• South America
Key Players Operating In Global Taste Modulators Market:
• International Flavors and Fragrances
• Sensient Technologies
• The Flavor Factory
• Carmi Flavor & Fragrance
• Flavorchem Corporation
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