The Taste Modulators Global Market Report 2023, provides comprehensive information on the taste modulators 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.
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The global taste modulators market size is expected to grow from $1.69 billion in 2022 to $1.87 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 size of taste modulators market is expected to reach $2.66 billion in 2027 at a CAGR of 9.2%.
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Technological advancement is a key trend gaining popularity in the taste modulators market. Major companies operating in the taste modulators market are using advanced technologies to sustain their position in the market. For instance, in April 2023, SweeGen Inc., a US-based food and beverage services company, launched Sweetensify Flavors with sweet protein brazzein technology, an innovative flavoring tool for manufacturers of food and beverages. It is a naturally occurring protein that is 2,000 times sweeter than sugar but has no calories and no glycemic impact. It uses brazzein to create a sugar-like sweetness in food and beverages without adding calories or sugar. Sweetensify flavors are a safe and effective ingredient that can help food and beverage manufacturers generate healthier and more flavorful products. Additionally, it reduces sugar content in food and beverages without sacrificing taste, improves the flavor of reduced-sugar food and beverages, and is vegan, kosher, and non-GMO. It is risk-free and has no recognized adverse effects. It is a good option for consumers looking for reduced-sugar foods and beverages that still taste great.
The taste modulators market is segmented:
1) By Product Type: Sweet Modulators, Salt Modulators, Fat Modulators
2) By Type: Natural, Artificial
3) By Application: Dairy Products, Bakery Products, Confectionery Products, Meat Products, Snacks, Savory, Alcoholic Beverages, Non-Alcoholic Beverages
North America was the largest region in the taste modulators market in 2022.
The table of contents in TBRC’s taste modulators market report includes:
1. Executive Summary
2. Taste Modulators Market Characteristics
3. Taste Modulators Market Trends And Strategies
4. Taste Modulators Market – Macro Economic Scenario
5. Taste Modulators Market Segmentation
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26. South America Taste Modulators Market
27. Brazil Taste Modulators Market
28. Middle East Taste Modulators Market
29. Africa Taste Modulators Market
30. Taste Modulators Market Competitive Landscape And Company Profiles
Top Major Players:
- International Flavors & Fragrances Inc
- Ajinomoto Co. Inc
- Kerry Group PLC
- DSM
- Ingredion Incorporated
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