Taste Modulators Market 2018- 2024
Taste Modulators Market Worth $1,831.3 Million By 2024
| Global Research and Report | Meticulous Research®
According to this latest publication from Meticulous Research®, the global taste
modulators market is expected to grow at a CAGR of 7.9% from 2018 to reach
$1,831.3 million by 2024. The growth of this market will be driven by factors such as
growing consumer demand for low calorie products with original taste, increasing
awareness regarding excessive salt intake, and enhanced flavour masking benefits of
taste modulators. Moreover, increasing research on Positive Allosteric Modulators
(PAM) further supports the growth of this market.
Sweet modulators dominated the global taste modulators market, mainly due to
increasing awareness among consumers regarding consumption of high sugar products,
growing cases of diabetes and obesity globally, and wide use as a replacement for sugar
especially in the beverage industry. Also, the cost effectiveness, natural and flavor
characterization properties, and thermal stability further propel the demand for sweet
modulators.
On the basis of application, beverages commanded the largest share of the global taste
modulators market, owing to the increasing health consciousness among consumers;
huge consumption of beverages such as sports drinks, energy drinks, beer etc., and
growing demand for low calorie and low sugar-based drinks.
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The taste modulators market for confectionary products is expected to witness the
fastest growth through 2024, owing to increasing demand to regulate the sweetness in
confectionary products as well as to maintain an acidity balance between the sweet and
sour taste of the product.
Geographically, North America commanded the largest share of the global market,
followed by Europe and Asia Pacific. The largest share of this region is mainly
attributed to high prevalence of diabetes and obesity, rising cases of cardiac and renal
problems, a well-established food and beverages industry, large demand for healthy
food and drinks, a huge food flavor industry, and the presence of a large number of taste
modulator providers.
The major players operating in the global taste modulators market are Kerry Group plc,
Koninklijke DSM N.V., Ingredion Incorporated, Symrise AG, Sensient Technologies,
Givaudan SA, Firmenich S.A., International Flavors and Fragrances, The Flavor
Factory, Carmi Flavor and Fragrance Co. Inc, Flavorchem Corporation, and Senomyx,
Inc.
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On the basis of geography, the overall smart home market is segmented into North
America, Europe, Asia Pacific, Latin America, and Middle East & Africa with further
country level analysis in each region. With respect to revenue, North America is by far
the most commanding market and expected to maintain its dominance throughout the
forecast period. The market growth in North America is majorly attributed to higher
acceptance level of new technology by consumers and availability of variety of smart
devices. However, Asia Pacific is offering some serious challenge to the dominance of
North America in the global smart home market.
Rising enthusiasm of consumers for smart devices, presence of young consumer groups,
and growing disposable income has opened new doors of opportunity for smart home
players in Asia pacific region.
The major players operating in the global smart home market are Google LLC (U.S.),
Amazon (U.S.), Samsung (South Korea), Apple, Inc. (U.S.)., Siemens AG (German),
United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Johnson
Controls International plc (U.S.), Schneider Electric SE (France), LG Electronics Inc.
(South Korea), Robert Bosch GmbH (Germany), ABB Ltd. (Switzerland), ASSA
ABLOY (Sweden), General Electric Company (U.S.), Legrand S.A. (France), and Sony
Corporation (Japan), among others.
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Key questions answered in the report:
• Which are the high growth market segments in terms of type, application, and
region/countries?
• What was the historical market for taste modulators across the globe?
• What are the market forecasts and estimates for the period 2018-2024?
• What are the major drivers, restraints, opportunities, and challenges in the
global taste modulators market?
• Who are the major players in the global taste modulators market?
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• How is the competitive landscape and who are the market leaders in the
global taste modulators market?
• What are the recent developments in the global taste modulators market?
• What are the different strategies adopted by the major players in the global
taste modulators market?
• What are the geographical trends and high growth regions/ countries?
• Who are the local emerging players in the global taste modulators market and
how do they compete with the global players?
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Table of Contents:
1. 1 Introduction
1.1. Market Ecosystem
1.2. Currency and Limitations
1.2.1. Currency
1.2.2. Limitations
1.3. Key Stakeholders
2 Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
Continued…
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