Taste Modulators Market

Market Leaders: DSM (Netherlands), International Flavors & Fragrances Inc. (US), Givaudan (Switzerland), Kerry Group PLC (Ireland), and Ingredion (US) are Increasing their Respective Market Shares Steadily through Expansion and New Product Launches in Taste Modulators Market

The global taste modulators market size is estimated to be valued at USD 1.4 billion in 2023 and is projected to reach USD 2.0 billion by 2028, recording a CAGR of 7.4% in terms of value. The demand for taste modulators is rising due to a growing emphasis on healthier food options, as consumers seek reduced sugar, salt, and fat content without compromising taste. This trend aligns with health-conscious choices and the industry's response to changing dietary preferences for more balanced and flavorful alternatives.

Key players operating in this market include DSM (Netherlands), INTERNATIONAL FLAVORS & FRAGRANCES INC. (US), Givaudan (Switzerland), Kerry Group PLC (Ireland), Ingredion (US), Symrise (Germany), Sensient Technologies Corporation (US), Tate & Lyle (UK), Corbion (Netherlands), Takasago International Corporation (Japan), Icon Foods (US), Carmi Flavor & Fragrance Co., Inc. (US), Cargill Incorporated (US), MANE (France), and ADM (US).

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The taste modulators market portrays a dynamic environment characterized by evolving consumer preferences, a surge in health-conscious choices, and an industry-wide commitment to innovation. Fueled by the demand for reduced sugar, salt, and fat in food and beverages, companies are actively navigating this landscape to create balanced and flavorful products. The interplay of health trends and culinary innovation defines the vibrant and competitive nature of the taste modulators market.

DSM is a Dutch multinational company producing health & nutritional products and sustainable living solutions. The company is involved in the manufacturing of nutritional & pharmaceutical ingredients, biomedical materials, thermoplastics, resins, and industrial chemicals. It aims to keep the growing world population healthy by producing specialized nutrition and customized health solutions. It focuses on product innovation, skillful marketing, and product promotion and has R&D centers in the domestic and international markets. It is a strong industry partner for food & beverages, early life, dietary supplements, medical nutrition, and nutrition improvement spaces globally. It has three major business segments—nutrition, materials, and innovation centers. Under its nutrition segment, it offers taste modulators for various food & beverage products.

A recent noteworthy development is Cargill's March 2023 partnership with Barcelona-based food tech company Cubiq Foods. Focused on co-developing plant-based fat ingredients, this collaboration accelerates the commercialization of novel fat technologies. The strategic venture aims to enhance flavor, reduce total fat, and meet consumer expectations in the burgeoning plant-based meat and alternative dairy sectors. This initiative exemplifies Cargill's commitment to innovation and its strategic role in shaping the trajectory of the taste modulators market.

International Flavors & Fragrances Inc. specializes in the production and distribution of flavors and fragrances for various industries, such as food, beverages, personal care, and household products. The company provides tailored flavor modifiers to assist food manufacturers in enhancing sweetness, reducing salt, enriching umami, blocking bitterness, masking off-notes, and improving mouthfeel.

The company is operating in 37 countries and serves 162 countries across North America, Latin America, Europe, Africa, the Middle East, and Greater Asia; the company has subsidiaries like International Flavors & Fragrances Ltd. (China), International Flavors & Fragrances I.F.F. Ltd. (UK), International Flavors & Fragrances I.F.F. A.G. (Switzerland), and more. These subsidiaries cater to diverse end-user industries, including animal nutrition, dietary supplements, grain processing, home care, perfumery, personal care, and pharmaceuticals.

Givaudan is involved in manufacturing and marketing flavors, fragrances, and other products. It operates through two major segments, namely flavor and fragrance. It offers flavor ingredients for international Flavors & Fragrances Inc. event applications, such as beverages, savory products, snacks, sweet goods, dairy, and fragrances for personal, home, and laundry care brands. It also offers premium perfumes through its fragrance segment. The company has two major flavor brands: TasteEssentials and TasteSolutions. Taste modulators are offered through the TasteSolutions segment.

The company has a strong global presence in 109 locations worldwide and owns 46 production sites across the US, Europe, and Asia Pacific. Its subsidiaries include Givaudan Fragrances Ltd. (Shanghai), Givaudan Ltd. (Thailand), Givaudan Flavors Ltd. (China), and Givaudan Flavors Pvt. Ltd. (India).

Related Reports:

Taste Modulators Market by Type (Sweet Modulators, Salt Modulators, Fat Modulators), Application (Food, Beverages, Pharmaceutical), and Region (North America, Europe, Asia-Pacific, South America, RoW) - Global Forecast to 2028

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Taste Modulators Market Size,  Share & Growth Report
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