As per UnivDatos Market Insights, Taste Modulators Market was valued at US$ X million in 2020 and is expected to reach US$ X million by 2027, registering a CAGR of X% during the forecast period (2021-2027).
The surge in the Taste Modulators Market is due to the growing health and wellness trend and high demand for healthy but flavor balanced food and beverages. In addition to this, the increasing burden of obese and diabetic population has escalated the global demand for zero-calorie and low-fat food commodities augmenting the growth of taste modulators market across the world. For instance, according to the International Diabetes Federation (IDF), the global rate of diabetes has reached 425 million in 2017 and is expected to reach 629 million by 2024, experiencing an increase of 48%.
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The report “Global Taste Modulators Market: Current Analysis and Forecast (2020-2027)” by UnivDatos Market Insights delivers a comprehensive analysis of type and applications.
Global Taste Modulators Market Segmentation
By Type:
· Sweet modulators
· Salt modulators
· Fat modulators
By Applications:
· Food
Ø Bakery products
Ø Confectionery products
Ø Snacks and savory products
Ø Meat products
Ø Other foods
· Beverages
Ø Alcoholic
Ø Non-alcoholic
By Region:
North America
Ø United States
Ø Canada
Ø Rest of North America
Europe
Ø France
Ø Germany
Ø Italy
Ø Spain
Ø United Kingdom
Ø Rest of Europe
Asia-Pacific
Ø China
Ø Japan
Ø India
Ø Rest of Asia-Pacific
Rest of World
Based on type, the market has been segmented in sweet, salt and fat modulators. As per UnivDatos Analysis, in 2020, Sweet modulators occupied the largest market share and is expected to grow at X% CAGR during the forecast period. The demand for sweetness modulating elements is rising as many manufacturers are focusing on cutting calories and sugar content to maintain overall nutritional value of their products while maintaining the high-quality sweet taste. For example, Kerry, the world’s leading taste and nutrition company has launched its ‘TasteSense Sweet Suitable for Organic’ that addresses the evolving consumer and regulatory demand for more natural flavorings and reduced calories in food and beverages, facilitating sugar reduction by up to 30%.
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Additionally, this report also provides insights into the global taste modulators market according to the regions such as North America, Europe, Asia-pacific, and the rest of the world. North America dominated the global taste modulators market in 2020. However, Asia-Pacific is expected to grow exponentially during the forecast period owing to the implementation of sugar taxes in countries such as India, Thailand, Malaysia etc. to fight certain chronic diseases especially obesity and diabetes. For instance, according to the study conducted by Cardiovascular institute of Stanford University in the United States, the sugar sweetened beverage tax can help in preventing obesity in 11.2 million Indians and Type-2 diabetes in 400,000 people from 2014-2023.
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Key players
The market is highly fragmented due to the presence of different large, small, and medium-scale players. The market of taste modulators is highly competitive. Some of the key players that hold major market share include companies are:
DSM
Kerry
Ingredion
International Flavors and Fragrances
Symrise
The Flavor Factory
Carmi Flavor & Fragrance
Flavorchem Corporation
Sensient Technologies
Senomyx
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