January 13 2021
According to a new market study by Future Market Insights (FMI), the global taste modulators market is forecasted to witness notable growth in terms of value between 2020 and 2030.
The global taste modulators market size is expected to reach US$ 1.9 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.1% CAGR between 2020 and 2030.
The growth of the market is majorly driven by increasing demand for low-calorie food products with minimal sugar content, while also maintaining the original taste. Taste modulators bolster in enhancing sweetness, lowering salt levels, blocking bitterness, and increasing the overall mouth feeling, thereby making them an imperative ingredient in the production of low-calorie food.
As consumers across the world seek healthy food products owing to rising awareness and growing popularity of health and fitness trends, the demand for taste modulators will prevail high for the years to come. Along similar lines, taste modulators find application in the production of meat products, dairy products, confectionery products, and snacks & savory items, which are further impelling the demand.
"Market players are focusing on expanding their product portfolio to capitalize on the growing trends in F&B sector such as ‘ready to drink', ‘on the go', among others," opines FMI analyst.
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Taste Modulators Market - Key Takeaways
Taste Modulators Market - Key Trends
Taste Modulators Market - Regional Analysis
Taste Modulators Market - Competitive Landscape
Key players operating in the market include Koninklijke DSM N.V., Ingredion Incorporated, Symrise AG, Sensient Technologies, Givaudan SA, Firmenich S.A., International Flavors and Fragrances, The Flavor Factory, Carmi Flavor and Fragrance Co. Inc., Flavorchem Corporation, and Senomyx, Inc. among many others. Market players are concentrating on expanding their geographical footprint through mergers and acquisitions.
Taste Modulators Market - Taxonomy
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Get Valuable Insights into the Taste Modulators Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global taste modulators market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the taste modulators market, allowing readers to glean qualitative and quantitative information that will enable them to make informed market decisions in the upcoming forecast period.
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