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

The global taste modulators market was valued at USD 994.7 million in 2017; this is projected to grow at a CAGR of 10.2% from 2018, to reach USD 1,758.7 million by 2023. The objectives of the report are to define, segment, and estimate the size of the global taste modulators market, in qualitative terms. Furthermore, the market has been segmented on the basis of type, application, and region. The report also aims to provide detailed information about the crucial factors influencing the growth of the market, strategical analysis of the micromarkets, opportunities for stakeholders, details of the competitive landscape, and profiles of the key players, with respect to their market shares and competencies.

The years considered for the study are as follows:

• Base year: 2017
• Estimated year: 2018
• Forecast period: 2018–2023

Research Methodology

This research study involved the extensive use of secondary sources (which included directories and databases) such as Hoovers, Forbes, Bloomberg Businessweek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the market. The primary sources that have been involved include industry experts from core and related industries and preferred suppliers, dealers, manufacturers, alliances, standards & certification organizations from companies, and organizations related to all segments of this industry’s value chain. In-depth interviews have been conducted with various primary respondents such as key industry participants, subject matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology applied in drafting this report on the market.

To know about the assumptions considered for the study, download the pdf brochure

The key manufacturers in the market include DSM (Netherlands), Kerry (Ireland), Ingredion (US), Givaudan (Switzerland), and Firmenich (Switzerland). These companies have diversified product portfolios and advanced technologies for taste modulators at major strategic locations. Other companies profiled include International Flavors and Fragrances (US), Symrise (Germany), Sensient Technologies (US), The Flavor Factory (US), Carmi Flavor & Fragrance (US), Flavorchem Corporation (US), and Senomyx (US).

The stakeholders for the taste modulators market are mentioned below:

• Taste modulator manufacturers and processors
• Taste modulator traders, distributors, and suppliers
• Food product manufacturers, processors, and traders
• Food ingredient manufacturers, processors, and traders
• Organizations such as the Food and Drug Administration (FDA), the US Department of Agriculture (USDA), the European Food Safety Agency (EFSA), and The International Food Additives Council (IFAC)
• Government and research organizations
• Associations and industry bodies:
  • Food Processing Suppliers Association (FPSA)
  • Center for Innovative Food Technology (CIFT)
  • Food and Drug Administration (FDA)
  • European Food Safety Agency (EFSA)
  • The National Association of Flavors and Food-Ingredient Systems (NAFFS)

Scope of the Report

On the basis of Type, the taste modulators market has been segmented into the following:

• Sweet modulators
• Salt modulators
• Fat modulators

On the basis of Application, the taste modulators market has been segmented into the following:

• Food
  • Bakery products
  • Confectionery products
  • Snacks & savory products
  • Meat products
  • Other foods (cereals, sauces & dressings, and seasonings)
• Beverages
  • Alcoholic
  • Non-alcoholic

On the basis of Region, the taste modulators market has been segmented into the following:

• North America
• Europe
• Asia Pacific
• Rest of the World (South America and the Middle East & Africa)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the report:

Product Analysis

• Product matrix, which gives a detailed comparison of the product portfolios of each company

Regional Analysis

• Further breakdown of the Rest of European taste modulators market into Spain, the Netherlands, and Norway
• Further breakdown of the Rest of Asia Pacific taste modulators market into Malaysia, Indonesia, and Vietnam

Company Information

• Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Periodization Considered
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in the Market
    4.2 Taste Modulators Market Size, By Type
    4.3 Taste Modulators Market Size, By Application
    4.4 Taste Modulators Market Size, By Food Application
    4.5 Taste Modulators Market Size, By Beverage Application
    4.6 North America: Taste Modulators Market, By Type & Country
    4.7 Taste Modulators Market, By Type & Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increased Consumer Demand for Reduced Calorie Products With Original Taste of Sugar
                    5.2.1.2 Growing Awareness Among Consumers About the Ill-Effects of Excessive Salt Intake
           5.2.2 Restraints
                    5.2.2.1 Stringent Regulations and International Standards for Sweet and Salt Reducing Ingredients
           5.2.3 Opportunities
                    5.2.3.1 Extensive Research on Positive Allosteric Modulators (PAM)
           5.2.4 Challenges
                    5.2.4.1 Ambiguity Regarding the Health Effects of Sugar Substitutes

6 Industry Trends (Page No. - 41)
    6.1 Introduction
    6.2 Supply Chain Analysis
    6.3 Organizations/Regulations Governing the Market
           6.3.1 Flavor Extract Manufacturers Association (FEMA)
           6.3.2 European Food Safety Authority (EFSA)
           6.3.3 Food Standards Australia New Zealand (FSANZ)
           6.3.4 US Food and Drug Administration (USDA)
    6.4 Strategic Benchmarking
           6.4.1 New Product Launches & Acquisitions

7 Taste Modulators Market, By Application (Page No. - 45)
    7.1 Introduction
    7.2 Food
           7.2.1 Bakery Products
           7.2.2 Dairy Products
           7.2.3 Confectionery Products
           7.2.4 Snacks & Savory Products
           7.2.5 Meat Products
           7.2.6 Other Food Applications
    7.3 Beverages
           7.3.1 Alcoholic Beverages
           7.3.2 Non-Alcoholic Beverages

8 Taste Modulators Market, By Type (Page No. - 55)
    8.1 Introduction
    8.2 Sweet Modulators
    8.3 Salt Modulators
    8.4 Fat Modulators

9 Taste Modulators Market, By Region (Page No. - 60)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 UK
           9.3.4 Italy
           9.3.5 Russia
           9.3.6 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
           9.4.2 India
           9.4.3 Japan
           9.4.4 Australia
           9.4.5 New Zealand
           9.4.6 Rest of Asia Pacific
    9.5 Rest of the World (RoW)
           9.5.1 South America
           9.5.2 Middle East & Africa

10 Competitive Landscape (Page No. - 88)
     10.1 Overview
     10.2 Key Strategies
     10.3 Market Share Analysis
     10.4 Competitive Scenario
             10.4.1 Acquisitions
             10.4.2 Expansions
             10.4.3 New Product Launches
             10.4.4 Collaborations, Agreements, Partnerships, and Joint Ventures

11 Company Profiles (Page No. - 96)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     11.1 DSM
     11.2 Kerry
     11.3 Ingredion
     11.4 Givaudan
     11.5 Firmenich
     11.6 International Flavors & Fragrances
     11.7 Symrise
     11.8 Sensient Technologies
     11.9 The Flavor Factory
     11.10 Carmi Flavor & Fragrance
     11.11 Flavorchem Corporation
     11.12 Senomyx

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 120)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details

List of Tables (69 Tables)

Table 1 USD Exchange Rates Considered for the Study, 2015–2017
Table 2 Taste Modulators Market Size, By Application, 2016–2023 (USD Million)
Table 3 Market Size, By Food Type, 2016–2023 (USD Million)
Table 4 Market Size, By Beverage Type, 2016–2023 (USD Million)
Table 5 Market Size for Food, By Region, 2016–2023 (USD Million)
Table 6 Market Size for Bakery Products, By Region, 2016–2023 (USD Million)
Table 7 Market Size for Dairy Products, By Region, 2016–2023 (USD Million)
Table 8 Market Size for Confectionery Products, By Region, 2016–2023 (USD Million)
Table 9 Market Size for Snacks & Savory Products, By Region, 2016–2023 (USD Million)
Table 10 Market Size for Meat Products, By Region, 2016–2023 (USD Million)
Table 11 Market Size for Other Food Applications, By Region, 2016–2023 (USD Million)
Table 12 Taste Modulators Market Size for Beverages, By Region, 2016–2023 (USD Million)
Table 13 Market Size for Alcoholic Beverages, By Region, 2016–2023 (USD Million)
Table 14 Taste Modulators Market Size for Non-Alcoholic Beverages, By Region, 2016–2023 (USD Million)
Table 15 Market Size, By Type, 2016–2023 (USD Million)
Table 16 Sweet Modulators Market Size, By Region, 2016–2023 (USD Million)
Table 17 Salt Modulators Market Size, By Region, 2016–2023 (USD Million)
Table 18 Fat Modulators Market Size, By Region, 2016–2023 (USD Million)
Table 19 Taste Modulators Market Size, By Region, 2016–2023 (USD Million)
Table 20 North America: Taste Modulators Market Size, By Country, 2016–2023 (USD Million)
Table 21 North America: Market Size, By Type, 2016–2023 (USD Million)
Table 22 North America: Market Size, By Application, 2016–2023 (USD Million)
Table 23 US: Taste Modulators Market Size, By Type, 2016–2023 (USD Million)
Table 24 US: Market Size, By Application, 2016–2023 (USD Million)
Table 25 Canada: Market Size, By Type, 2016–2023 (USD Million)
Table 26 Canada: Market Size, By Application, 2016–2023 (USD Million)
Table 27 Mexico: Market Size, By Type, 2016–2023 (USD Million)
Table 28 Mexico: Market Size, By Application, 2016–2023 (USD Million)
Table 29 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 30 Europe: Market Size, By Type, 2016–2023 (USD Million)
Table 31 Europe: Market Size, By Application, 2016–2023 (USD Million)
Table 32 Germany: Taste Modulators Market Size, By Type, 2016–2023 (USD Million)
Table 33 Germany: Market Size, By Application, 2016–2023 (USD Million)
Table 34 France: Market Size, By Type, 2016–2023 (USD Million)
Table 35 France: Market Size, By Application, 2016–2023 (USD Million)
Table 36 UK: Market Size, By Type, 2016–2023 (USD Million)
Table 37 UK: Market Size, By Application, 2016–2023 (USD Million)
Table 38 Italy: Market Size, By Type, 2016–2023 (USD Million)
Table 39 Italy: Market Size, By Application, 2016–2023 (USD Million)
Table 40 Russia: Taste Modulators Market Size, By Type, 2016–2023 (USD Million)
Table 41 Russia: Market Size, By Application, 2016–2023 (USD Million)
Table 42 Rest of Europe: Market Size, By Type, 2016–2023 (USD Million)
Table 43 Rest of Europe: Market Size, By Application, 2016–2023 (USD Million)
Table 44 Asia Pacific: Market Size, By Country, 2016–2023 (USD Million)
Table 45 Asia Pacific: Market Size, By Type, 2016–2023 (USD Million)
Table 46 Asia Pacific: Market Size, By Application, 2016–2023 (USD Million)
Table 47 China: Taste Modulators Market Size, By Type, 2016–2023 (USD Million)
Table 48 China: Market Size, By Application, 2016–2023 (USD Million)
Table 49 India: Market Size, By Type, 2016–2023 (USD Million)
Table 50 India: Market Size, By Application, 2016–2023 (USD Million)
Table 51 Japan: Market Size, By Type, 2016–2023 (USD Million)
Table 52 Japan: Market Size, By Application, 2016–2023 (USD Million)
Table 53 Australia: Taste Modulators Market Size, By Type, 2016–2023 (USD Million)
Table 54 Australia: Market Size, By Application, 2016–2023 (USD Million)
Table 55 New Zealand: Market Size, By Type, 2016–2023 (USD Million)
Table 56 New Zealand: Market Size, By Application, 2016–2023 (USD Million)
Table 57 Rest of Asia Pacific: Market Size, By Type, 2016–2023 (USD Million)
Table 58 Rest of Asia Pacific: Market Size, By Application, 2016–2023 (USD Million)
Table 59 RoW: Market Size, By Region, 2016–2023 (USD Million)
Table 60 RoW: Market Size, By Type, 2016–2023 (USD Million)
Table 61 RoW: Market Size, By Application, 2016–2023 (USD Million)
Table 62 South America: Market Size, By Type, 2016–2023 (USD Million)
Table 63 South America: Market Size, By Application, 2016–2023 (USD Million)
Table 64 Middle East & Africa: Taste Modulators Market Size, By Type, 2016–2023 (USD Million)
Table 65 Middle East & Africa: Market Size, By Application, 2016–2023 (USD Million)
Table 66 Acquisitions, 2013–2018
Table 67 Expansions, 2013–2018
Table 68 New Product Launches, 2013–2018
Table 69 Collaborations, Agreements, Partnerships, and Joint Ventures, 2013–2018

List of Figures (40 Figures)

Figure 1 Market Segmentation
Figure 2 Geographic Scope
Figure 3 Taste Modulators Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation & Methodology
Figure 7 Taste Modulators Market Snapshot, By Type, 2018 vs 2023 (USD Million)
Figure 8 Taste Modulators Market Snapshot, By Application, 2018 vs 2023 (USD Million)
Figure 9 Taste Modulators Market Size, By Region, 2017
Figure 10 Increase in Demand for Low-Calorie Food & Beverage Products to Drive the Growth of the Market
Figure 11 Sweet Modulators are Projected to Dominate the Market Through 2023
Figure 12 Beverages are Estimated to Dominate the Market in 2018
Figure 13 The Confectionery Products Segment is Estimated to Dominate the Market in 2018
Figure 14 Non-Alcoholic Beverages Segment is Estimated to Dominate the Market in 2018
Figure 15 The US Accounted for the Largest Share in 2017
Figure 16 Sweet Modulators Segment to Account for the Largest Share Across Regions in Terms of Value in 2017
Figure 17 Taste Modulators Market Dynamics
Figure 18 Supply Chain Analysis of Taste Modulators
Figure 19 Strategic Benchmarking: Key Market Players Adopted New Product Launches & Acquisitions
Figure 20 Beverages Segment Estimated to Hold Largest Market Share in 2018
Figure 21 Sweet Modulators is Projected to Dominate the Market Through 2023
Figure 22 Market Size, By Region, 2018 vs 2023 (USD Million)
Figure 23 Asia Pacific: Taste Modulators Market Snapshot
Figure 24 Key Strategies Adopted By Leading Players in the Market Between 2013 & 2018
Figure 25 Taste Modulators Market Developments, By Growth Strategy, 2013–2018
Figure 26 Market Share Analysis of Key Players in Market, 2017
Figure 27 Key Growth Strategies Adopted By Major Companies, Between 2013 & 2018
Figure 28 DSM: Company Snapshot
Figure 29 DSM: SWOT Analysis
Figure 30 Kerry: Company Snapshot
Figure 31 Kerry: SWOT Analysis
Figure 32 Ingredion: Company Snapshot
Figure 33 Ingredion: SWOT Analysis
Figure 34 Givaudan: Company Snapshot
Figure 35 Givaudan: SWOT Analysis
Figure 36 Firmenich: Company Snapshot
Figure 37 Firmenich: SWOT Analysis
Figure 38 International Flavors & Fragrances: Company Snapshot
Figure 39 Symrise: Company Snapshot
Figure 40 Sensient Technologies: Company Snapshot

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.

Based on type, the taste modulators market has been segmented into sweet modulators, salt modulators, and fat modulators. 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 market has been segmented into food and beverages. The beverages segment dominated the global taste modulators market in 2018. Taste modulators are used in products such as sports drinks, energy drinks, beer, and whiskey. They are widely used to manufacture low-calorie beverages and enhance their taste, as consumer tastes & preferences are more inclined toward healthy drinks. 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. The changing consumer demand has resulted in the innovation of various taste modulators such as sweet, salt, and fat modulators by various companies. Manufacturers in the US adopt an optimized approach to manufacture taste modulators to deliver products with a range of tastes and nutritional benefits to meet the demand.

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.

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.

The key players in the global taste modulators market include DSM (Netherlands), Kerry (Ireland), Ingredion (US), Givaudan (Switzerland), Firmenich (Switzerland), International Flavors and Fragrances (US), Symrise (Germany), Sensient Technologies (US), The Flavor Factory (US), Carmi Flavor & Fragrance (US), Flavorchem Corporation (US), and Senomyx (California).

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