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Dublin, Feb. 18, 2019 (GLOBE NEWSWIRE) -- The "Taste Modulators Market by Type (Sweet Modulators, Salt Modulators, and Fat Modulators), Application (Confectionery Products, Bakery Products, Dairy Products, Snacks & Savory Products, and Meat Products), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global taste modulators market is estimated at USD 1,084.2 million in 2018 and is projected to reach USD 1,758.7 million by 2023, at a CAGR of 10.2% during the forecast period.
One of the primary 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. The major restraining factors for the taste modulators market include stringent regulations and international standards for sweet- and salt-reducing ingredients.
Globally, taste modulators are used to restore the taste of the finished product where the reduction of calories, salt, and fat is required. They are added to sugar substitutes to mask the aftertaste and off flavor and to -reducing agents to reduce the sodium content and maintain or enhance the salinity perception.
The sweet modulators segment, by type, is projected to grow at a high CAGR during the forecast period.
Sweet modulators provide a sweet taste, while also ensuring zero calories, to food products. They are used by manufacturers to alter the sweet taste. Sweet modulators are used in various food applications such as bakery products, confectionery products, and snacks & savory products. With the increasing awareness among consumers regarding various diseases such as obesity and diabetes, the demand for healthy low-calorie food & beverage products is witnessing an increase.
The beverages segment, by application, is projected to grow at the highest CAGR during the forecast period.
Taste modulators are used in products such as sports drinks, energy drinks, beer, and whiskey. They are widely used to manufacture low-calorie beverages and enhance their taste as consumer tastes & preferences are more inclined toward healthy drinks.
North America is estimated to account for the largest market share in 2018, whereas Asia Pacific is projected to grow at the highest CAGR during the forecast period.
The North American market is projected to account for the largest share through 2023. This is attributed to factors such as an increase in consumer preference for healthy products and increase in the adoption of low-fat & low-calorie content foods. Manufacturers in the US are utilizing an optimized approach to manufacture taste modulators to deliver products with a range of tastes and nutritional benefits to cater to the demand.
The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023. The region witnesses a high demand for taste modulators due to the rise in meat consumption, population growth, and increase in awareness about healthy & nutritional food products.
The key players in the taste modulators market include the following:
- DSM (Netherlands)
- Kerry (Ireland)
- Ingredion (US)
- Givaudan (Switzerland)
- Firmenich (Switzerland)
- International Flavors and Fragrances (US)
- Symrise (Germany)
- Sensient Technologies (US)
- The Flavor Factory (US)
- Carmi Flavor & Fragrance (US)
- Flavorchem Corporation (US)
- Senomyx (California)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Taste Modulators Market
4.2 Taste Modulators Market Size, By Type
4.3 Taste Modulators Market Size, By Application
4.4 Taste Modulators Market Size, By Food Application
4.5 Taste Modulators Market Size, By Beverage Application
4.6 North America: Taste Modulators Market, By Type & Country
4.7 Taste Modulators Market, By Type & Region
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Increased Consumer Demand for Reduced Calorie Products With Original Taste of Sugar
18.104.22.168 Growing Awareness Among Consumers About the Ill-Effects of Excessive Salt Intake
22.214.171.124 Stringent Regulations and International Standards for Sweet and Salt Reducing Ingredients
126.96.36.199 Extensive Research on Positive Allosteric Modulators (PAM)
188.8.131.52 Ambiguity Regarding the Health Effects of Sugar Substitutes
6 Industry Trends
6.2 Supply Chain Analysis
6.3 Organizations/Regulations Governing the Taste Modulators Market
6.3.1 Flavor Extract Manufacturers Association (FEMA)
6.3.2 European Food Safety Authority (EFSA)
6.3.3 Food Standards Australia New Zealand (FSANZ)
6.3.4 US Food and Drug Administration (USDA)
6.4 Strategic Benchmarking
6.4.1 New Product Launches & Acquisitions
7 Taste Modulators Market, By Application
7.2.1 Bakery Products
7.2.2 Dairy Products
7.2.3 Confectionery Products
7.2.4 Snacks & Savory Products
7.2.5 Meat Products
7.2.6 Other Food Applications
7.3.1 Alcoholic Beverages
7.3.2 Non-Alcoholic Beverages
8 Taste Modulators Market, By Type
8.2 Sweet Modulators
8.3 Salt Modulators
8.4 Fat Modulators
9 Taste Modulators Market, By Region
9.2 North America
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.5 New Zealand
9.4.6 Rest of Asia Pacific
9.5 Rest of the World (RoW)
9.5.1 South America
9.5.2 Middle East & Africa
10 Competitive Landscape
10.2 Key Strategies
10.3 Market Share Analysis
10.4 Competitive Scenario
10.4.3 New Product Launches
10.4.4 Collaborations, Agreements, Partnerships, and Joint Ventures
11 Company Profiles
11.6 International Flavors & Fragrances
11.8 Sensient Technologies
11.9 The Flavor Factory
11.10 Carmi Flavor & Fragrance
11.11 Flavorchem Corporation
For more information about this report visit https://www.researchandmarkets.com/research/blq96l/1_75_bn_taste?w=12
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Related Topics: Food Additives