DUBLIN--(BUSINESS WIRE)--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 taste modulators market is projected to reach USD 1,758.7 million by 2023 from USD 1,084.2 million in 2018, growing at a CAGR of 10.2%.
Increased consumer demand for reduced-calorie products while retaining the original taste of sugar and the growing awareness among consumers about the ill-effects of excessive salt intake act as factors driving the market growth.
Stringent regulations and international standards for sweet- and salt-reducing ingredients are some of the major factors restraining the growth of the market, globally. Sweeteners are subjected to rigorous health and safety checks. Various studies have been conducted by regulatory bodies to measure and assess the impact of these products on humans. European laws are stringent with artificial sweeteners, whereas US regulations favor the introduction of novel sweeteners irrespective of the origin.
Based on type, the sweet modulators segment dominated the market in 2018, and this trend is expected to continue through the forecast period. The demand for sweet modulators has been growing significantly due to the increasing awareness among consumers regarding various diseases such as obesity and diabetes.
On the basis of application, the beverages segment dominated the global taste modulators market in 2018. The rise in the consumption of energy & sports drinks in North America and Europe is also expected to support the overall growth of the market.
North America is expected to account for the largest share of the global market through 2023, owing to the increase in consumer preference for healthy products and increase in the adoption of low-fat & low-calorie content foods.
Asia Pacific is projected to be the fastest-growing region in the global taste modulators market during the forecast period, owing to an increase in the number of people suffering from diabetes and obesity.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Taste Modulators Market, By Application
8 Taste Modulators Market, By Type
9 Taste Modulators Market, By Region
10 Competitive Landscape
11 Company Profiles
- Carmi Flavor & Fragrance
- DSM
- Firmenich
- Flavorchem Corporation
- Givaudan
- Ingredion
- International Flavors & Fragrances
- Kerry
- Senomyx
- Sensient Technologies
- Symrise
- The Flavor Factory
For more information about this report visit https://www.researchandmarkets.com/research/hsnljd/taste_modulators?w=4
