The Taste Modulators Market is expected to reach $2.79 billion by 2030, at a CAGR of 8.5% during the forecast period of 2023 to 2030. The growth of this market is driven by the rising consumer awareness regarding health and wellbeing, growing consumer demand for low-calorie food products with original taste, and a wide range of benefits of taste modulators. Additionally, increasing demand for innovative beverages and the expanding functional food industry offer significant growth opportunities for taste modulator manufacturers. However, stringent regulations and international standards for taste modulators restrain the market’s growth.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market players in the past three to four years. The key players profiled in the taste modulators market are Koninklijke DSM N.V. (Netherlands), International Flavors & Fragrances, Inc. (U.S.), Givaudan SA (Switzerland), Kerry Group plc (Ireland), Ingredion Incorporated (U.S.), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), Tate & Lyle PLC (U.K.), Corbion N.V. (Netherlands), Carmi Flavor & Fragrance Co. Inc (U.S.), Flavorchem & Orchidia Fragrances (U.S.), and Archer-Daniels-Midland Company (U.S.).
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Consumers are increasingly focusing on eating healthy due to growing health concerns. The global demand for low-calorie foods is mainly driven by increasing health awareness, rising disease prevalence and micronutrient deficiencies, and growing disposable incomes. According to the International Diabetes Federation (IDF), in 2021, approximately 537 million adults (20–79 years) were living with diabetes. This is expected to reach 783 million by 2045. Also, the rising global prevalence of chronic diseases contributes to consumers’ growing inclination toward nutritious foods. According to an NIH-funded study, a healthy diet improves overall health and reduces the risk of heart disease, stroke, and type 2 diabetes. The healthy eating trend is gaining traction, significantly driving the development and production of healthy and low-calorie foods. Sweet modulators are increasingly replacing sugars in food products due to their low-calorie content.
Furthermore, in response to the COVID-19 pandemic, the demand for products offering immunity-boosting and specific health benefits has increased notably. For instance, according to the International Food Information Council’s (IFIC) 2021 Food and Health Survey, in 2021, 53% of millennials (age range between 27 to 42 years) followed specific diets, an increase from 43% in 2020. The motivation for adopting these diets was losing weight (38%), enhancing physical health (29%), preventing future health concerns (37%), and preventing weight gain (38%). Low-calorie foods contain minimal to no simple sugars that are higher in calories, which can potentially be linked to various diseases.
Thus, the growing consumer demand for low-calorie food products has significantly contributed to the growth of the taste modulators market.
In 2023, the Sweet Modulators Segment is Expected to Account for the Largest Share of the Taste Modulators Market
Based on type, the taste modulators market is segmented into sweet modulators, salt modulators, fat modulators, and other taste modulators. In 2023, the sweet modulators segment is expected to account for the largest share of the taste modulators market. The large market share of this segment is attributed to the desire for reduced sugar consumption, rising awareness about the ill effects of sugar consumption, growing incidences of diabetes and obesity, high demand for healthier and low-caloric foods, and a wide range of applications.
However, the salt modulators segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the enhanced flavor masking benefits and growing consumer awareness regarding excessive sodium intake.
The Liquid Segment is Projected to Witness Significant Growth in the Market During 2023–2030
Based on form, the taste modulators market is segmented into powder and liquid. In 2023, the powder segment is expected to account for the larger share of the taste modulators market. The large market share of this segment is attributed to the benefits offered by powdered taste modulators over liquid taste modulators, such as better homogeneity, ease of use, transportation, and storage, better stability, wide availability, better shelf-life, and effective product formulation. However, the liquid segment is expected to register the highest CAGR during the forecast period due to the increasing demand from beverage manufacturers. In product manufacturing, liquid taste modulators help to improve viscosity, mouthfeel, product stability, texture, shelf life, taste, and visual aspects.
In 2023, the Beverage Segment is Expected to Account for the Largest Share of the Taste Modulators Market
Based on application, the taste modulators market is segmented into beverages, food, pharmaceuticals, and other applications. In 2023, the beverages segment is expected to account for the largest share of the taste modulators market. The large market share of this segment is attributed to the high demand for healthy and functional beverages, high adoption of taste modulators in non-alcoholic beverages, strong growth in the beverage industry, and increased promotional and advertisement strategies about clean labels by beverage manufacturers.
Asia-Pacific: Fastest-growing Regional Market
Based on geography, in 2023, North America is expected to account for the largest share of the taste modulators market. North America’s major market share is attributed to an increase in consumer preference for innovation and healthy food products, growing health and wellness concerns, rising prevalence of chronic diseases, and a well-established food and beverage industry.
However, Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this regional market is attributed to the growth in the food and beverage industry, rising health awareness among consumers, and rising prevalence of obesity and diabetes.
Scope of the Report:
Taste Modulators Market, by Type
Taste Modulators Market, by Form
Taste Modulators Market, by Application
Taste Modulators Market, by Geography
Key questions answered in the report:
The taste modulators market is projected to reach $2.79 billion by 2030, at a CAGR of 8.5% during the forecast period.
In 2023, the sweet modulators segment is expected to account for the largest share of the taste modulators market.
In 2023, the beverages segment is expected to account for the largest share of the taste modulators market.
The growth of this market is driven by the rising consumer awareness regarding health and wellbeing, growing consumer demand for low-calorie food products with original taste, and the wide range of benefits of taste modulators. Additionally, increasing demand for innovative beverages and the expanding functional food industry offer significant growth opportunities for taste modulator manufacturers. However, stringent regulations and international standards for taste modulators restrain the market’s growth.
Emerging countries from Asia-Pacific and Latin America are projected to offer significant growth opportunities for vendors in this market.
The key players profiled in the taste modulators market study are Koninklijke DSM N.V. (Netherlands), International Flavors & Fragrances, Inc. (U.S.), Givaudan SA (Switzerland), Kerry Group plc (Ireland), Ingredion Incorporated (U.S.), Symrise AG (Germany), Sensient Technologies Corporation (U.S.), Tate & Lyle PLC (U.K.), Corbion N.V. (Netherlands), Carmi Flavor & Fragrance Co. Inc (U.S.), Flavorchem Corporation (U.S.), and Archer-Daniels-Midland Company (U.S.).
This report provides pre & post COVID-19 market estimates.
1. Market Definition & Scope
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Process of Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.3.3. Market Share Estimation Approach
2.4. Assumptions for the Study
2.5. Limitations of the Study
3. Executive Summary
3.1. Overview
3.2. Segment Analysis
3.2.1. Taste Modulators Market, by Type
3.2.2. Taste Modulators Market, by Form
3.2.3. Taste Modulators Market, by Application
3.3. Taste Modulators Market: by Region
3.4. Market Competitors
4. Market Insights
4.1. Overview
4.2. Drivers
4.2.1. Rising Consumer Awareness Regarding Health and Wellbeing
4.2.2. Growing Consumer Demand for Low-calorie Food Products with Original Taste
4.2.3. Wide Range of Benefits of Taste Modulators
4.3. Restraints
4.3.1. Stringent Regulations and International Standards
4.4. Opportunities
4.4.1. Increasing Demand for Innovative Beverages
4.4.2. Expanding Functional Food Industry
5. Taste Modulators Market Assessment—by Type
5.1. Overview
5.2. Sweet Modulators
5.3. Salt Modulators
5.4. Fat Modulators
5.5. Other Taste Modulators
6. Taste Modulators Market Assessment—by Form
6.1. Overview
6.2. Powder
6.3. Liquid
7. Taste Modulators Market Assessment—by Application
7.1. Overview
7.2. Beverages
7.3. Food
7.4. Pharmaceuticals
7.5. Other Applications
8. Taste Modulators Market Assessment—by Geography
8.1. Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. Australia
8.4.5. Rest of Asia-Pacific
8.5. Latin America
8.5.1. Brazil
8.5.2. Mexico
8.5.3. Argentina
8.5.4. Rest of Latin America
8.6. Middle East & Africa
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1 Industry Leaders
9.4.2 Differentiators
9.4.3 Vanguards
9.4.4 Emerging Companies
10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1. Koninklijke DSM N.V.
10.2. International Flavors & Fragrances, Inc.
10.3. Givaudan SA
10.4. Kerry Group plc
10.5. Ingredion Incorporated
10.6. Symrise AG
10.7. Sensient Technologies Corporation
10.8. Tate & Lyle PLC
10.9. Corbion N.V.
10.10. Carmi Flavor & Fragrance Co. Inc
10.11. Flavorchem & Orchidia Fragrances
10.12. Archer-Daniels-Midland Company
(Note: SWOT Analysis Will Be Provided for the Top 5 Companies.)
11. Appendix
11.1. Available Customization
11.2. Related Reports
List of Tables
Table 1 Global Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 2 Global Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 3 Global Sweet Modulators Market, by Country/Region, 2021–2030 (USD Million)
Table 4 Global Sweet Modulators Market, by Country/Region, 2021–2030 (Tons)
Table 5 Global Salt Modulators Market, by Country/Region, 2021–2030 (USD Million)
Table 6 Global Salt Modulators Market, by Country/Region, 2021–2030 (Tons)
Table 7 Global Fat Modulators Market, by Country/Region, 2021–2030 (USD Million)
Table 8 Global Fat Modulators Market, by Country/Region, 2021–2030 (Tons)
Table 9 Global Other Types of Taste Modulators Market, by Country/Region, 2021–2030 (USD Million)
Table 10 Global Other Types of Taste Modulators Market, by Country/Region, 2021–2030 (Tons)
Table 11 Global Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 12 Global Powder Form Taste Modulators Market, by Country/Region, 2021–2030 (USD Million)
Table 13 Global Liquid Form Taste Modulators Market, by Country/Region, 2021–2030 (USD Million)
Table 14 Global Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 15 Global Taste Modulators Market for Beverages, by Country/Region, 2021–2030 (USD Million)
Table 16 Global Taste Modulators Market for Food, by Country/Region, 2021–2030 (USD Million)
Table 17 Global Taste Modulators Market for Pharmaceuticals, by Country/Region, 2021–2030 (USD Million)
Table 18 Global Taste Modulators Market for Other Applications, by Country/Region, 2021–2030 (USD Million)
Table 19 Global Taste Modulators Market, by Country/Region, 2021–2030 (USD Million)
Table 20 Global Taste Modulators Market, by Country/Region, 2021–2030 (Tons)
Table 21 North America: Taste Modulators Market, by Country, 2021–2030 (USD Million)
Table 22 North America: Taste Modulators Market, by Country, 2021–2030 (Tons)
Table 23 North America: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 24 North America: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 25 North America: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 26 North America: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 27 U.S.: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 28 U.S.: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 29 U.S.: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 30 U.S.: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 31 Canada: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 32 Canada: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 33 Canada: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 34 Canada: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 35 Europe: Taste Modulators Market, by Country/Region, 2021–2030 (USD Million)
Table 36 Europe: Taste Modulators Market, by Country/Region, 2021–2030 (Tons)
Table 37 Europe: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 38 Europe: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 39 Europe: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 40 Europe: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 41 Germany: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 42 Germany: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 43 Germany: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 44 Germany: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 45 France: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 46 France: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 47 France: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 48 France: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 49 U.K.: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 50 U.K.: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 51 U.K.: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 52 U.K.: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 53 Italy: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 54 Italy: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 55 Italy: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 56 Italy: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 57 Spain: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 58 Spain: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 59 Spain: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 60 Spain: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 61 Rest of Europe: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 62 Rest of Europe: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 63 Rest of Europe: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 64 Rest of Europe: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 65 Asia-Pacific: Taste Modulators Market, by Country/Region, 2021–2030 (USD Million)
Table 66 Asia-Pacific: Taste Modulators Market, by Country/Region, 2021–2030 (Tons)
Table 67 Asia-Pacific: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 68 Asia-Pacific: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 69 Asia-Pacific: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 70 Asia-Pacific: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 71 China: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 72 China: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 73 China: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 74 China: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 75 Japan: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 76 Japan: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 77 Japan: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 78 Japan: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 79 India: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 80 India: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 81 India: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 82 India: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 83 Australia: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 84 Australia: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 85 Australia: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 86 Australia: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 87 Rest of Asia-Pacific: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 88 Rest of Asia-Pacific: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 89 Rest of Asia-Pacific: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 90 Rest of Asia-Pacific: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 91 Latin America: Taste Modulators Market, by Country/Region, 2021–2030 (USD Million)
Table 92 Latin America: Taste Modulators Market, by Country/Region, 2021–2030 (Tons)
Table 93 Latin America: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 94 Latin America: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 95 Latin America: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 96 Latin America: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 97 Brazil: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 98 Brazil: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 99 Brazil: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 100 Brazil: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 101 Mexico: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 102 Mexico: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 103 Mexico: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 104 Mexico: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 105 Argentina: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 106 Argentina: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 107 Argentina: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 108 Argentina: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 109 Rest of Latin America: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 110 Rest of Latin America: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 111 Rest of Latin America: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 112 Rest of Latin America: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 113 Middle East & Africa: Taste Modulators Market, by Type, 2021–2030 (USD Million)
Table 114 Middle East & Africa: Taste Modulators Market, by Type, 2021–2030 (Tons)
Table 115 Middle East & Africa: Taste Modulators Market, by Form, 2021–2030 (USD Million)
Table 116 Middle East & Africa: Taste Modulators Market, by Application, 2021–2030 (USD Million)
Table 117 Recent Developments, by Company (2020–2023)
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6 Market Size Estimation
Figure 7 In 2023, the Sweet Modulators Segment is Expected to Account for the Largest Share of the Taste Modulators Market
Figure 8 The Liquid Segment is Projected to Witness Significant Growth in the Market During 2023–2030
Figure 9 In 2023, the Beverage Segment is Expected to Account for the Largest Share of the Taste Modulators Market.
Figure 10 Asia-Pacific to be the Fastest-growing Regional Market
Figure 11 Factors Affecting Market Growth
Figure 12 Global Taste Modulators Market, by Type, 2023 Vs. 2030 (USD Million)
Figure 13 Global Taste Modulators Market, by Type, 2023 Vs. 2030 (Tons)
Figure 14 Global Taste Modulators Market, by Form, 2023 Vs. 2030 (USD Million)
Figure 15 Global Taste Modulators Market, by Application, 2023 Vs. 2030 (USD Million)
Figure 16 Global Taste Modulators Market, by Region, 2021–2030 (USD Million)
Figure 17 Global Taste Modulators Market, by Region, 2021–2030 (Tons)
Figure 18 North America: Taste Modulators Market Snapshot (2023)
Figure 19 Europe: Taste Modulators Market Snapshot (2023)
Figure 20 Asia-Pacific: Taste Modulators Market Snapshot (2023)
Figure 21 Latin America: Taste Modulators Market Snapshot (2023)
Figure 22 Middle East & Africa: Taste Modulators Market Snapshot (2023)
Figure 23 Key Growth Strategies Adopted by Leading Players, 2020–2023
Figure 24 Taste Modulators Market: Competitive Benchmarking of Key Players, by Type
Figure 25 Koninklijke DSM N.V.: Financial Overview (2022)
Figure 26 International Flavors & Fragrances, Inc.: Financial Overview (2022)
Figure 27 Givaudan SA: Financial Overview (2022)
Figure 28 Kerry Group plc: Financial Overview (2022)
Figure 29 Ingredion Incorporated: Financial Overview (2022)
Figure 30 Symrise AG: Financial Overview (2022)
Figure 31 Sensient Technologies Corporation: Financial Overview (2022)
Figure 32 Tate & Lyle PLC: Financial Overview (2022)
Figure 33 Corbion N.V.: Financial Overview (2022)
Figure 34 Archer-Daniels-Midland Company: Financial Overview (2022)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Sep-2017
Published Date: Aug-2023
Published Date: Apr-2022
Published Date: Aug-2023
