(EMAILWIRE.COM, February 15, 2023 ) According to a research report “Taste modulators Market by Application (Food, Beverage, and Pharmaceutical), Type (Sweet Modulators, Salt Modulators, and Fat Modulators), and Region (North America, Europe, APAC, South America, Rest of the World) – Global Forecast to 2027” published by MarketsandMarkets, the taste modulators market size is estimated to be valued at USD 1.3 billion in 2022 and is projected to reach USD 1.9 billion by 2027, recording a CAGR of 7.3% during the forecast period in terms of value. The market for taste modulators has a positive outlook at a global level due to the increase in demand for reduced/zero calorie and reduced salt products without compromising on the taste. North America and Europe contributed a significant share to the overall taste modulators market, whereas Asia Pacific is projected to be the fastest-growing region in the global taste modulators market. Both, developing and developed economies have a favorable market potential for taste modulators, due to the increase in disposable income of consumers, urbanization, and high consumption of bakery, dairy, confectionery, and meat products, globally.
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=169998886
The sweet modulators segment is estimated to occupy the largest market share during the forecast period in terms of value.
The sweet modulators segment is estimated to hold the largest market share in the taste modulators market by type. Moreover, increasing awareness among consumers regarding various diseases such as obesity and diabetes, consumers increasingly focus on consuming healthy low-calorie food & beverage product. Taste modulators are also gaining popularity among consumers owing to enhanced taste and nutritional benefits, which helps improve the well-being of consumers.
The pharmaceutical application segment is estimated to grow at the highest growth rate during the forecast period.
Taste modulations have increasingly been adopted in the pharmaceutical industry for formulating better products and addressing growing health-related challenges. Oral administration of bitter drugs is often the biggest barrier for patient groups, such as pediatrics and geriatrics. According to a report by the American Association of Paediatricians, the unpleasant taste is the biggest barrier in the treatment of the pediatric population.
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=169998886
Asia Pacific is estimated to grow at a steady rate for the taste modulators market
The Asia Pacific market for taste modulators is driven by an increase in demand for processed food with less sugar, salt, and fat content. Moreover, the rise in population and changes in tastes & preferences of the consumers also drive the demand in the market in the region.
The taste modulators market in China is experiencing rapid growth. Consumer awareness of a healthy diet and the ill effects of excess intake of sugar and salt consumption drive the growth of the taste modulators market in the region. The high growth potential, owing to the changes in lifestyles, is supported by the increase in income of the rural population; this contributes to the high demand for processed food with taste modulators in the country.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Koninklijke DSM N.V. (the Netherlands), IFF (US), Givaudan (Switzerland), Kerry Group (Ireland), Ingredion (US), Symrise (Germany), Sensient Technologies (US), Tate & Lyle PLC (UK), Corbion (Netherlands), and Takasago International Corporation (Japan).
About MarketsandMarkets
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the GIVE Growth principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
MarketsandMarkets
Mr. Aashish Mehra
1-888-600-6441
newsletter@marketsandmarkets.com
Source link
