Taste Modulators (Sweet Modulators, Salt Modulators, Fat Modulators) Market - Global Opportunity Analysis and Industry Forecast 2018-2024 - ResearchAndMarkets.com

The "Taste Modulators Market By Type (Sweet Modulators, Salt Modulators, Fat Modulators), Application (Food Products, Beverages), And Geography - Global Opportunity Analysis And Industry Forecast (2018-2024)" report has been added to ResearchAndMarkets.com's offering.

The global taste modulators market is expected to grow at a CAGR of 7.9% from 2018 to reach $1,831.3 million by 2024.

Factors such as the growing consumer demand for low calorie products with original taste, increasing awareness regarding excessive salt intake, and enhanced flavor masking benefits of taste modulators are driving the growth of this market. Moreover, increasing research on Positive Allosteric Modulators (PAM) further supports the growth of this market.

Sweet modulators dominated the global taste modulators market in 2017, mainly due to increasing awareness among the consumers regarding consumption of high sugar products and increasing cases of diabetes and obesity, globally. Moreover, the sweet modulators are widely used as a replacement for sugar, especially in the beverage industry. Also, the cost effectiveness, natural and flavor characterization properties, and thermal stability of sweet modulators further propel their demand.

North America commanded the largest share of the global taste modulator market in 2017, followed by Europe and Asia Pacific. The largest share of this region is mainly attributed to high prevalence of diabetes and obesity, well established food and beverages industry, large demand for healthy food and drinks, huge food flavor industry, and presence of large number of taste modulator providers.

Market Insights

Drivers

  • Growing Consumer Demand for Low Calorie Food Products with Original Taste
  • Increasing Awareness Regarding Excessive Salt Intake
  • Enhanced Flavor Masking Benefits of Taste Modulators

Restraints

  • Stringent Regulations and International Standards for Sweet and Salt Reducing Ingredients

Opportunities

  • Increasing Research on Positive Allosteric Modulators (PAM)

Challenges

  • Uncertainty Regarding the Effect of Taste Modulators on Health

Companies Mentioned

  • Carmi Flavor and Fragrance Co. Inc
  • Firmenich S.A.
  • Flavorchem Corporation
  • Givaudan SA
  • Ingredion Incorporated
  • International Flavors and Fragrances
  • Kerry Group plc
  • Koninklijke DSM N.V.
  • Senomyx Inc.
  • Sensient Technologies
  • Symrise AG
  • The Flavor Factory

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