The taste modulator market size is estimated to be valued at USD 1.3 billion in 2022 and is projected to reach USD 1.9 billion by 2027, recording a CAGR of 7.3% during the forecast period in terms of value. With the growing wellness trend, consumer demand low-sugar, low-calorie, and low-salt-based food products. The alteration in the calorie impacts the mouthfeel, aroma, taste, and texture of the product. Additionally, the rising cases of lifestyle diseases like diabetes, hypertension, and obesity increasingly demand healthy products and supplements. Taste modulators are also used to mask the off notes in plant-based food.
Developed regions such as North America and Europe are the largest market for taste modulators because of increasing interest in a healthy lifestyle, a growing market for healthy food and beverages, and higher spending capacity. Taste modulators are well suited for pharmaceutical and dietary supplement usage to mask bitter flavors and also provide a sweet taste. It has gained widespread acceptance across the globe and provides an alternative taste to consumers where the salt and sweet content are reduced.
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Key players in this market include Koninklijke DSM N.V. (the Netherlands), IFF (US), Givaudan (Switzerland), Kerry Group (Ireland), Ingredion (US), Symrise (Germany), Sensient Technologies (US), Tate & Lyle PLC (UK), Corbion (Netherlands), Takasago International Corporation (Japan), The Flavor Factory (US), Carmi Flavors & Fragrance (US), Cargill (US), Mane (France), ADM (US), Angel Yeast Co. Ltd (China), Flavorchem Corporation (US), Synergy Flavors (US), Innophos Holdings, Inc (US), and Apura Ingredients (US)
The existing players in the taste modulators market are focused on increasing their market shares. The top players in the market are concentrating on diversifying their product portfolio, increasing their market presence, and uniting with various local and international partners to offer to manufacturers across the globe. The taste modulators market has many organized players at the global level and unorganized players at the local level in several countries. These players hold a market share of 65-70%.
Koninklijke DSM N.V. is a Dutch multinational company primarily engaged in the production of health & nutritional products and sustainable living solutions. The company is majorly involved in the manufacturing of nutritional & pharmaceutical ingredients, biomedical materials, thermoplastics, resins, and industrial chemicals. The company has three major business segments—nutrition, materials, and innovation centers. It offers taste modulators for various food & beverage products under its nutrition product segment. The company’s taste modulator products cater to different end-use application food products such as dairy, bakery, fruit juice, beer, wine, and savory. The company’s subsidiaries include Fortitech, Inc. (US), Microbia, Inc. (US), DSM Food Specialties B.V. (Netherlands), Aland (Jiangsu) Nutraceutical Co., Ltd. (China), DSM Nutritional Products AG (Switzerland), DSM Dyneema LLC (US), DSM India Private Limited (India), and Ocean Nutrition Canada (Canada). Its products focus on global products and local solutions. DSM is present across 55 countries and has a strong supply chain of 38,000 suppliers. In June 2022, DSM announced its merger with Firmenich (Denmark). Firmenich is among the major leaders in fragrance and flavors. This merger will help the company to strengthen its market position in the nutrition, wellness, and beauty space.
International Flavors & Fragrances (IFF) is primarily engaged in the production and distribution of flavors and fragrances for food, beverage, personal care, and household products. The company offers a range of customized flavor modifiers to help food manufacturers enhance the sweetness, reduce salt, enrich umami, block bitterness, mask off-notes, and augment the mouthfeel for their food & beverage products. It is located in 37 countries and serves in 162 countries in North America, Latin America, Europe, Africa, the Middle East, and Greater Asia. It operates through its subsidiaries such as International Flavors & Fragrances Ltd. (China), International Flavors & Fragrances I.F.F. Ltd. (UK), International Flavors & Fragrances I.F.F. A.G. (Switzerland), International Flavors & Fragrances Ltd. (Hong Kong), International Flavors & Fragrances Ltd. (Japan), International Flavors & Fragrances Pty. Ltd. (Australia), and International Flavors & Fragrances Sp.z.o.o. (Poland). The key competitors of this company are Givaudan (Switzerland), Symrise (Germany), and Firmenich (Switzerland). In 2021, IFF completed its merger with Dupont’s Nutrition & Biosciences, creating global ingredients and solutions leaders serving food & beverage, home & personal care, and health & wellness end markets. DuPont Nutrition & Biosciences (Denmark), now known as IFF, is a subsidiary of DuPont and it operates under 4 business segments: nourish, health & biosciences, scent, and pharma solutions.
Taste Modulators Market by Application (Food, Beverage, and Pharmaceutical), Type (Sweet Modulators, Salt Modulators, and Fat Modulators), and Region (North America, Europe, APAC, South America, Rest of the World) - Global Forecast to 2027
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