The taste modulators industry is valued at an estimated USD 1.4 billion in 2023 and is projected to grow to USD 2.0 billion by 2028, with a CAGR of 7.4%. This growth is driven by the rising demand for processed and convenience foods, as consumers prioritize longer shelf life, improved taste, and appealing appearance. The food industry increasingly depends on additives for their multifunctional roles in enhancing texture, flavor, and preservation, contributing significantly to market expansion.
This growth has opened up lucrative opportunities for companies in the market. For instance, in November 2022, Tate & Lyle expanded its range of sweet modulators by launching ERYTESSE Erythritol, a new sugar alternative. This move highlights the company’s dedication to meeting the diverse needs of both consumers and food manufacturers. Likewise, Cargill has seized this opportunity through strategic collaborations, such as its partnership with Barcelona-based Cubiq Foods. Together, they are co-developing plant-based fat ingredients, accelerating the commercialization of innovative fat technologies that enhance flavor, lower fat content, and meet consumer demand in the plant-based meat and dairy industries. Cargill’s investment and global expertise position it as a leader in advancing next-generation plant-based products, underscoring its commitment to sustainable ingredient innovation in the taste modulators market.
Taste Modulators Market Drivers: Rising Consumer Demand for Low-Calorie Products That Taste Like Sugar
In developed countries, the growing demand for healthier, low-calorie foods and sweeteners is driven by the need to counteract the negative health effects of largely sedentary lifestyles. As consumers increasingly seek healthier food options to lower their calorie intake, they tend to favor low-calorie alternatives. Sugar substitutes are particularly popular among health-conscious individuals, as they offer fewer calories compared to regular sugar. Using these substitutes provides a simple way to reduce calories and promote a healthier lifestyle, encouraging consumers to explore alternatives to traditional sugar.
High-intensity sweeteners, a common sugar substitute, reduce sucralose content while preserving sweetness. However, they often introduce unwanted aftertastes in the final product. Sweet modulators help address these off-tastes, ensuring a pleasant flavor while maintaining the low-calorie benefits of foods and beverages.
The Food Segment Dominates the Taste Modulators Market Share.
As consumers place a greater emphasis on healthier diets, food manufacturers are compelled to reformulate their products by reducing salt, sugar, and fat content. To preserve flavor while catering to the increasing demand for healthier choices, taste modulators play a crucial role. Their widespread application across various food categories, including snacks, dairy, and processed foods, underscores their growing significance. Moreover, the emphasis on clean-label and natural ingredients aligns with the function of taste modulators, which enhance the sensory experience without relying on artificial additives. The intersection of health-conscious consumer trends, regulatory requirements, and the drive for innovation further solidifies the food segment’s prominent position in the taste modulators market.
Asia Pacific to Dominate Taste Modulators Market Growth with Highest CAGR
The region’s strong economic growth has significantly increased consumer purchasing power, driving greater demand for processed foods and beverages. Rapid urbanization and changing dietary habits are key factors accelerating the adoption of taste modulators. Consumers’ growing preference for healthier food choices, combined with proactive initiatives from local food manufacturers, is fueling the demand for taste modulation technologies. Additionally, the thriving food processing industry and the rise of innovative culinary trends are contributing to the widespread use of taste modulators across various food and beverage segments. As Asia Pacific aligns with global health trends by focusing on reducing sugar, salt, and fat content, the demand for taste modulators is expected to rise sharply. These factors collectively position Asia Pacific as a major driver of the anticipated growth in the taste modulators market during the forecast period.
Top Taste Modulators Companies:
Key players in this market include DSM (Netherlands), IFF (US), Givaudan (Switzerland), Kerry Group PLC (Ireland), Ingredion (US), Symrise (Germany), Sensient Technologies Corporation (US), Tate & Lyle PLC (UK), Corbion (Netherlands), Takasago International Corporation (Japan), Icon Foods (US), Carmi Flavor & Fragrance Co., Inc. (US), Cargill Incorporated (US), MANE (France), and ADM (US).
Taste Modulators Industry News:
In October 2023, Cargill experienced double-digit growth 2023 and concentrated on expanding in South India by investing USD 35 million in a Nellore manufacturing facility. During this period, Cargill prioritized supply chain resilience and quality to navigate inflationary pressures, aiming for long-term sustainable growth in India’s evolving food market.
In September 2023, Tate & Lyle (UK) partnered with IMCD (Belgium) in Finland and the Baltic region, expanding their ingredient distribution. This collaboration would help Tate & Lyle (UK) to expand the geographical reach of its sweeteners business to Finland and the Baltic region, thereby expanding its market share.
In March 2023, ADM announced the signing of a joint venture agreement with Marel, a prominent provider of advanced food processing solutions. The purpose of this collaboration is to establish an innovation center at the esteemed Wageningen Campus in the Netherlands, which is known as the heart of the country’s food valley. Its opening is subject to regulatory approvals and is expected to take place in the latter half of 2024. It is specifically designed to facilitate the partnership between food manufacturers, food scientists, extrusion experts, and culinary professionals.
Schedule a call with our Analysts to discuss your business needs: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=169998886
About MarketsandMarkets™
MarketsandMarketsTM has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email: Send Email
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103
City: Delray Beach
State: FL 33445
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/taste-modulator-market-169998886.html