The Taste Masking And Taste Assessment Services And Technologies Global Market Report 2023, provides comprehensive information on the taste masking and taste assessment services and technologies market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Taste Masking And Taste Assessment Services And Technologies Market’s Growth:
The global taste masking and taste assessment services and technologies market size is expected to grow from $74.91 billion in 2022 to $80.97 billion in 2023 at a compound annual growth rate (CAGR) of 8.08%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global taste masking and taste assessment services and technologies market size is expected to reach $107.86 billion in 2027 at a CAGR of 7.43%.
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Technological advancements are a key trend gaining popularity in the taste masking and taste assessment services and technologies market. Major companies operating in the taste masking and taste assessment services and technologies market are focusing on developing new methods and technologies to mask the bitter taste of active pharmaceutical ingredients (APIs). For instance, in October 2022, SPI Pharma, a US-based pharmaceutical company, launched Actimask, a new taste masking technology that involves the production of a thin (micron-sized), uniform, smooth hydrogel coating encapsulating API particles. Actimask® technology uses gelatin as a hydrophilic polymer in the aqueous coacervation process to create a thin coating over API particles, which offers a pleasant mouthfeel without affecting API release or therapeutic effects. This technology provides a slick and smooth hydrogel layer, allowing for easy formulation and processing, as well as a satisfying patient experience.
The taste masking and taste assessment services and technologies market is segmented:
1) By Formulation: Solids, Liquids
2) By Technique: Coating, Microencapsulation, Organoleptic Method, Hot Melt Extrusion, Inclusion Complexation, Spray Drying, Other Techniques
3) By Scale Of Operation: Preclinical Or Clinical, Commercial
4) By End-User: Pharmaceuticals, Nutraceuticals, Contract Manufacturing Organizations
North America was the largest region in the taste masking and taste assessment services and technologies market in 2022.
The table of contents in TBRC’s taste masking and taste assessment services and technologies market report includes:
1. Executive Summary
2. Taste Masking And Taste Assessment Services And Technologies Market Characteristics
3. Taste Masking And Taste Assessment Services And Technologies Market Trends And Strategies
4. Taste Masking And Taste Assessment Services And Technologies Market – Macro Economic Scenario
5. Taste Masking And Taste Assessment Services And Technologies Market Size And Growth
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26. Africa Taste Masking And Taste Assessment Services And Technologies Market
27. Taste Masking And Taste Assessment Services And Technologies Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Taste Masking And Taste Assessment Services And Technologies Market
29. Taste Masking And Taste Assessment Services And Technologies Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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