Global Taste Modulation Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Taste Modulation Market Overview
"The Taste Modulation Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Taste modulation is a process that is used to restore the taste of the finished product where the reduction of calories, fat, and salt is required. Taste modulators enhance the taste of a particular food product and ingredients. Mostly sugar or salt are used to improve the creaminess of fatty substances. Taste modulation is useful in eliminating the undesirable tastes of some ingredients and pharmaceutical components.
Increasing demand for low-calorie products with the original taste is a major factor expected to drive the growth of the global taste modulation market. In addition, increasing awareness among consumers about the ill effects of excessive salt intake, changing consumer preferences, and an increased standard of living are the other major factors expected to boost the growth of the global taste modulation market over the forecast period.
However, stringent regulations and international standards for sweet and salt-reducing ingredients is a major factor expected to restrain the growth of the global taste modulation market. In addition, ambiguity regarding the health effects of sugar substitutes is expected to hamper the market growth to a certain extent.
The market in North America accounted for the highest revenue share in the global taste modulation market in 2016, owing to increasing consumer preference for healthy products and the adoption of low-fat & low-calorie content foods in countries in the region. Europe is the second-highest revenue share in the global taste modulation market, due to the increasing number of people suffering from obesity and diabetes in countries in the region.
The market in the Asia Pacific is projected to register the fastest growth rate in terms of revenue, due to the growing population and increasing awareness about healthy and nutritional food products in countries in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to register a moderate growth rate over the forecast period. Revenue from the market in Middle East & Africa is projected to register a CAGR of XX.X% over the forecast period.
Global Taste Modulation Market Segmentation:
- Sweet modulators
- Salt modulators
- Fat modulators
- Bakery products
- Confectionery products
- Snacks & savory products
- Meat products
- Other foods (including cereals, sauces & dressings, and seasonings)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Koninklijke DSM N.V.
- Kerry Group
- Ingredion Incorporated
- Givaudan SA
- Firmenich SA
- International Flavors & Fragrances Inc.
- Symrise AG
- Sensient Technologies Corporation
- Guangdong Zhaoqing Flavor Factory Co., Ltd.
- Carmi Flavor & Fragrance Co., Inc.
- Flavorchem Corporation
- Senomyx, Inc.
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