Taste Modulators Market- Growth and Opportunities

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. The market is driven by factors such as the growing awareness
among consumers about the ill-effects of excessive salt intake and the
increased consumer demand for low-calorie products while retaining the original
taste. There has been an increasing demand for reduced/zero calorie and reduced
salt products that do not compromise on the taste. This has fueled the demand
for taste modulators as well.

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The Asia Pacific region is expected to grow at the highest
CAGR during the forecast period. China and India have witnessed major growth in
the taste modulators market, acquiring significant shares in the region. 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.

This report includes a study of various taste modulators,
along with the product portfolios of leading companies. It includes the
profiles of leading companies such as DSM (Netherlands), Kerry (Ireland),
Ingredion (US), Givaudan (Switzerland), and Firmenich (Switzerland).

The sweet modulators segment is estimated to dominate the
global taste modulators market in 2018. Sweet modulators provide a sweet taste
with zero calories to food products. It is used by manufacturers to restore the
sweet taste. Taste modulators are gaining popularity among consumers owing to
enhanced taste and nutritional benefits.

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Beverages are broadly classified into two categories,
namely, alcoholic and non-alcoholic beverages. The non-alcoholic beverages
segment was the largest; it includes both carbonated drinks and non-carbonated
beverages such as juices, energy drinks, sports drinks, and fortified drinks.
Taste modulators are used to alter the taste and support the reduction of
calories in drinks (being used in conjunction with sugar substitutes) to meet
consumer demand for healthy beverage products.