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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
Market Report I 2024-01-19 I 279 Pages I MarketsandMarkets
According to MarketsandMarkets, the Taste Modulators market is projected to reach USD 2.0 billion by 2028 from USD 1.4 billion by 2023, at a CAGR of 7.4% during the forecast period in terms of value. Salt modulators are poised to claim a substantial market share throughout the forecasted period due to compelling factors. A primary driver is the global health agenda focusing on reducing sodium intake to combat issues like hypertension and cardiovascular diseases. Government initiatives advocating sodium reduction amplify the demand for salt modulators. Moreover, these modulators serve as integral components in catering to consumer preferences for healthier food options without compromising on taste, aligning with the prevailing emphasis on balanced diets. The adaptability of salt modulators across diverse food applications, ranging from snacks to processed foods, further solidifies their market dominance. In navigating the landscape of sodium reduction strategies, salt modulators emerge as indispensable, ensuring flavor enhancement while seamlessly aligning with broader consumer health and wellness objectives.
"By application, Pharmaceuticals is estimated to grow with the highest CAGR during the forecast period."
The escalating demand within the pharmaceutical industry for taste modulators to enhance the palatability of medications, thereby improving patient adherence. This demand is notably pronounced in the development of novel drug formulations. The aging global population, a significant demographic trend, contributes substantially to increased pharmaceutical consumption, creating a robust market for taste modulation in pharmaceuticals. The imperative to mask the inherently bitter taste of specific medications, particularly crucial in pediatric and geriatric formulations, accentuates the indispensable role of taste modulators. This aligns with the pharmaceutical sector's commitment to patient-centric formulations, making taste modulators a crucial driver for enhanced medication adherence and an improved overall patient experience.
"Europe will significantly contribute towards market growth during the forecast period."
Europe is poised to play a pivotal role in the growth of the Taste Modulators market throughout the forecast period for several reasons. The region's robust food and beverage industry, coupled with stringent quality and safety standards, positions it as a major contributor. Key players like DSM (Netherlands), Tate & Lyle (UK), Givaudan (Switzerland), and Kerry Group PLC (Ireland) have established a strong presence, leveraging innovations to meet evolving consumer demands.
Stringent regulations and growing consumer awareness regarding the impact of excessive salt, sugar, and fat consumption on health drive the adoption of taste modulators in the region. The European food and beverage industry's commitment to addressing health concerns and delivering products aligned with consumer preferences fuels the integration of taste modulation technologies. Moreover, the region's inclination toward culinary diversity and a sophisticated palate amplifies the demand for taste modulators. As European consumers increasingly seek healthier alternatives without compromising on taste, the market for taste modulators is set to experience substantial growth. The convergence of regulatory support, consumer consciousness, and a rich culinary heritage positions Europe as a pivotal player in shaping the taste modulators' market landscape.
Break-up of Primaries:
By Company Type: Tier1-40%, Tier 2-32%, Tier 3- 28%
By Designation: C-level-45%, D-level - 33%, and Others- 22%
By Region: North America - 15%, Europe - 20%, Asia Pacific - 40%, South America-12%, RoW - 13%,
Others include sales managers, territory managers, and product managers.
Leading players profiled in this report:
- 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)
- ADM (US)
- AngelYeast Co., Ltd. (China)
- Flavorchem & Orchidia Fragrances (US)
- Synergy Flavors (US)
- Innophos (US)
- Apura Ingredients (US)
- Sweegen (US)
- Tastes Natural (US)
- Ixora (US)
- Dohler GmbH(Germany)
- FlavorSum, LLC (US)
The study includes an in-depth competitive analysis of these key players in the Taste Modulators market with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report segments the Taste Modulators market on the basis of Type, Application, and Region. In terms of insights, this report has focused on various levels of analyses-the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global Taste Modulators market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Taste Modulators market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Increase in consumer demand for reduced-calorie products retaining the taste of sugar), restraints (Stringent regulations and international standards for sweet- and salt-reducing ingredients), opportunity (Extensive research on Positive Allosteric Modulators (PAMs)), and challenges (Ambiguity regarding health effects of sugar substitutes) influencing the growth of the Taste Modulators market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Taste Modulators market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the Taste Modulators market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Taste Modulators market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players DSM (Netherlands), IFF (US), Givaudan (Switzerland), Kerry Group PLC (Ireland), and Ingredion (US), among others in the Taste Modulators market strategies. The report also helps stakeholders understand the Taste Modulators market and provides them with information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION 40
1.1 STUDY OBJECTIVES 40
1.2 MARKET DEFINITION 40
1.3 STUDY SCOPE 41
1.3.1 MARKET SEGMENTATION 41
1.3.2 INCLUSIONS & EXCLUSIONS 41
1.3.3 REGIONS COVERED 42
1.4 YEARS CONSIDERED 42
1.5 CURRENCY CONSIDERED 43
TABLE 1 USD EXCHANGE RATES, 2019-2022 43
1.6 UNITS CONSIDERED 44
1.7 STAKEHOLDERS 44
1.8 SUMMARY OF CHANGES 45
1.8.1 RECESSION IMPACT ANALYSIS 45
2 RESEARCH METHODOLOGY 46
2.1 RESEARCH DATA 46
FIGURE 1 TASTE MODULATORS MARKET: RESEARCH DESIGN 46
2.1.1 SECONDARY DATA 47
2.1.1.1 Key data from secondary sources 47
2.1.2 PRIMARY DATA 47
2.1.2.1 Primary interviews with experts 48
2.1.2.2 List of key primary interview participants 48
TABLE 2 LIST OF KEY PRIMARY INTERVIEW PARTICIPANTS 48
2.1.2.3 Key data from primary sources 48
FIGURE 2 TASTE MODULATORS MARKET: KEY DATA FROM PRIMARY SOURCES 48
2.1.2.4 Breakdown of primary interviews 49
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS 49
2.1.2.5 Key primary insights 49
2.2 MARKET SIZE ESTIMATION 50
FIGURE 4 TASTE MODULATORS MARKET: BOTTOM-UP APPROACH 50
FIGURE 5 TASTE MODULATORS MARKET: TOP-DOWN APPROACH 51
2.3 DATA TRIANGULATION 52
FIGURE 6 DATA TRIANGULATION 52
2.4 RESEARCH ASSUMPTIONS 53
2.5 RECESSION IMPACT ON TASTE MODULATORS MARKET 53
2.5.1 RECESSION MACRO-INDICATORS 53
FIGURE 7 MACRO-INDICATORS OF RECESSION 53
FIGURE 8 GLOBAL INFLATION RATES, 2011-2022 54
FIGURE 9 GLOBAL GDP, 2011-2022 (USD TRILLION) 55
FIGURE 10 RECESSION INDICATORS AND THEIR IMPACT ON TASTE MODULATORS MARKET 56
FIGURE 11 TASTE MODULATORS MARKET: EARLIER FORECAST VS. RECESSION FORECAST 57
3 EXECUTIVE SUMMARY 58
FIGURE 12 TASTE MODULATORS MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 59
FIGURE 13 TASTE MODULATORS MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION) 59
FIGURE 14 TASTE MODULATORS MARKET: REGIONAL ANALYSIS 60
4 PREMIUM INSIGHTS 61
4.1 OPPORTUNITIES FOR PLAYERS IN TASTE MODULATORS MARKET 61
FIGURE 15 HIGH ADOPTION OF TASTE MODULATORS IN DEVELOPING MARKETS TO BOOST GROWTH 61
4.2 NORTH AMERICA: TASTE MODULATORS MARKET, BY APPLICATION AND COUNTRY 61
FIGURE 16 BEVERAGES SEGMENT AND US ACCOUNTED FOR SIGNIFICANT SHARE IN 2022 61
4.3 TASTE MODULATORS MARKET, BY APPLICATION 62
FIGURE 17 BEVERAGES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 62
4.4 TASTE MODULATORS MARKET, BY TYPE 62
FIGURE 18 SWEET MODULATORS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 62
4.5 TASTE MODULATORS MARKET, BY APPLICATION AND REGION 63
FIGURE 19 NORTH AMERICA TO DOMINATE TASTE MODULATOR APPLICATIONS MARKET DURING FORECAST PERIOD 63
5 MARKET OVERVIEW 64
5.1 INTRODUCTION 64
5.2 MACROECONOMIC INDICATORS 64
5.2.1 INCREASE IN RETAIL SALES 64
FIGURE 20 RETAIL AND FOOD SERVICE SALES IN US, 2016-2021 (USD BILLION) 65
5.2.2 GROWTH IN OPPORTUNITIES IN DEVELOPING REGIONS SUCH AS ASIA PACIFIC AND SOUTH AMERICA 65
FIGURE 21 ANNUAL GDP GROWTH RATE IN ASIAN COUNTRIES, 2022 66
5.3 MARKET DYNAMICS 66
FIGURE 22 TASTE MODULATORS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 66
5.3.1 DRIVERS 67
5.3.1.1 Increase in consumer demand for low-calorie sugar products 67
5.3.1.2 Consumer inclination toward clean-label and organic products 67
FIGURE 23 CONSUMER PERCEPTION AND EXPECTATION OF NATURAL LABELS ON PROCESSED AND PACKAGED FOOD, 2020 68
5.3.1.3 Growing awareness regarding ill-effects of excessive salt intake 68
5.3.1.4 High consumption of monosodium glutamate (MSG) for umami taste modulation 69
5.3.2 RESTRAINTS 69
5.3.2.1 Stringent regulations and international standards 69
5.3.2.2 Rise in consumer awareness regarding food additives 70
5.3.3 OPPORTUNITIES 70
5.3.3.1 Extensive research on Positive Allosteric Modulators (PAMs) 70
5.3.3.2 Increase in demand for innovative beverages 71
5.3.4 CHALLENGES 71
5.3.4.1 Ambiguity regarding health effects of sugar substitutes 71
5.3.4.2 Consumer awareness regarding ill-effects of taste modulators and growing demand for clean-label products 72
6 INDUSTRY TRENDS 73
6.1 INTRODUCTION 73
6.2 VALUE CHAIN ANALYSIS 73
6.2.1 RAW MATERIAL PROVIDERS 73
6.2.2 PRODUCT DEVELOPMENT STAKEHOLDERS 73
6.2.3 MANUFACTURERS 74
6.2.4 DISTRIBUTORS 74
6.2.5 END USERS 74
FIGURE 24 VALUE CHAIN ANALYSIS 74
6.3 TECHNOLOGY ANALYSIS 75
6.3.1 FLAVOR EXTRACTION 75
6.3.2 ULTRASONIC PRODUCTION OF FLAVOR INGREDIENTS 75
6.3.3 3D FOOD PRINTING 75
6.4 PATENT ANALYSIS 76
FIGURE 25 NUMBER OF PATENTS GRANTED, 2013-2023 76
FIGURE 26 TOP 10 INVENTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS 76
FIGURE 27 LEADING APPLICANTS WITH HIGHEST NUMBER OF PATENT DOCUMENTS 77
TABLE 3 PATENTS PERTAINING TO TASTE MODULATORS, 2020-2023 77
6.5 ECOSYSTEM/MARKET MAP 79
6.5.1 DEMAND SIDE 79
6.5.2 SUPPLY SIDE 79
FIGURE 28 ECOSYSTEM MAP 80
TABLE 4 ROLE OF PLAYERS IN MARKET ECOSYSTEM 80
6.6 TRADE ANALYSIS 81
TABLE 5 TOP 10 IMPORTERS AND EXPORTERS OF TASTE MODULATORS, 2022 (USD THOUSAND) 81
6.7 PRICING ANALYSIS 81
6.7.1 AVERAGE SELLING PRICE TREND, BY APPLICATION 81
FIGURE 29 AVERAGE SELLING PRICE TREND, BY APPLICATION, 2019-2022 (USD/TON) 82
TABLE 6 AVERAGE SELLING PRICE TREND, BY APPLICATION, 2019-2022 (USD/TON) 82
TABLE 7 AVERAGE SELLING PRICE TREND, BY TYPE, 2019-2022 (USD/TON) 82
TABLE 8 AVERAGE SELLING PRICE TREND, BY REGION, 2019-2022 (USD/TON) 82
6.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES 83
FIGURE 30 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES 83
6.9 KEY CONFERENCES & EVENTS 83
TABLE 9 KEY CONFERENCES & EVENTS, 2023-2024 83
6.10 TARIFF AND REGULATORY LANDSCAPE 85
6.10.1 NORTH AMERICA 85
6.10.1.1 US 85
6.10.1.2 Mexico 86
6.10.1.3 Canada 86
6.10.2 EUROPE 86
6.10.2.1 France 87
6.10.2.2 UK 87
6.10.2.3 Rest of Europe 87
6.10.3 ASIA PACIFIC 87
6.10.3.1 India 87
6.10.3.2 China 87
6.10.3.3 Japan 88
6.10.3.4 Australia 88
6.10.4 SOUTH AMERICA 88
6.10.4.1 Brazil 88
6.10.4.2 Argentina 88
6.10.5 MIDDLE EAST 88
6.10.6 REST OF THE WORLD (ROW) 88
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 89
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 90
6.11 PORTER'S FIVE FORCES ANALYSIS 90
TABLE 13 IMPACT OF PORTER'S FIVE FORCES ON TASTE MODULATORS MARKET 91
6.11.1 INTENSITY OF COMPETITIVE RIVALRY 91
6.11.2 BARGAINING POWER OF SUPPLIERS 91
6.11.3 BARGAINING POWER OF BUYERS 92
6.11.4 THREAT OF SUBSTITUTES 92
6.11.5 THREAT OF NEW ENTRANTS 92
6.12 KEY STAKEHOLDERS AND BUYING CRITERIA 93
6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 93
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY APPLICATIONS 93
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY APPLICATIONS 93
FIGURE 32 KEY BUYING CRITERIA FOR KEY APPLICATIONS 94
6.13 CASE STUDIES 94
6.13.1 INTEGRATED EXTRACTION SYSTEM HELPED MULTIPLE MANUFACTURERS OVERCOME PROCESSING INCONSISTENCIES 94
7 TASTE MODULATORS MARKET, BY TYPE 95
7.1 INTRODUCTION 96
FIGURE 33 TASTE MODULATORS MARKET, BY TYPE, 2023 VS. 2028 (USD MILLION) 96
TABLE 15 TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 97
TABLE 16 TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 97
TABLE 17 TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (MILLION TONS) 97
TABLE 18 TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (MILLION TONS) 97
7.2 SWEET MODULATORS 98
7.2.1 VARIED MECHANISMS OF SWEET MODULATORS TO BOOST THEIR APPLICATION IN DIFFERENT SEGMENTS 98
TABLE 19 SWEET MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 98
TABLE 20 SWEET MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 99
TABLE 21 SWEET MODULATORS MARKET, BY REGION, 2019-2022 (MILLION TONS) 99
TABLE 22 SWEET MODULATORS MARKET, BY REGION, 2023-2028 (MILLION TONS) 99
7.3 SALT MODULATORS 100
7.3.1 RISING DEMAND FOR NUTRITIONAL, SAVORY PRODUCTS TO FUEL DEMAND 100
TABLE 23 SALT MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 100
TABLE 24 SALT MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 101
TABLE 25 SALT MODULATORS MARKET, BY REGION, 2019-2022 (MILLION TONS) 101
TABLE 26 SALT MODULATORS MARKET, BY REGION, 2023-2028 (MILLION TONS) 101
7.4 FAT MODULATORS 102
7.4.1 GROWING CONCERNS REGARDING RISKS ASSOCIATED WITH HIGH-FAT FOOD PRODUCTS TO BOOST DEMAND 102
TABLE 27 FAT MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 102
TABLE 28 FAT MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 103
TABLE 29 FAT MODULATORS MARKET, BY REGION, 2019-2022 (MILLION TONS) 103
TABLE 30 FAT MODULATORS MARKET, BY REGION, 2023-2028 (MILLION TONS) 103
8 TASTE MODULATORS MARKET, BY APPLICATION 104
8.1 INTRODUCTION 105
FIGURE 34 TASTE MODULATORS MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 105
TABLE 31 TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 106
TABLE 32 TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 106
TABLE 33 TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (MILLION TONS) 106
TABLE 34 TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (MILLION TONS) 106
TABLE 35 TASTE MODULATORS MARKET, BY FOOD APPLICATION, 2019-2022 (USD MILLION) 107
TABLE 36 TASTE MODULATORS MARKET, BY FOOD APPLICATION, 2023-2028 (USD MILLION) 107
TABLE 37 TASTE MODULATORS MARKET, BY BEVERAGE APPLICATION, 2019-2022 (USD MILLION) 107
TABLE 38 TASTE MODULATORS MARKET, BY BEVERAGE APPLICATION, 2023-2028 (USD MILLION) 107
8.2 FOOD 108
TABLE 39 FOOD: TASTE MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 108
TABLE 40 FOOD: TASTE MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 109
TABLE 41 FOOD: TASTE MODULATORS MARKET, BY REGION, 2019-2022 (MILLION TONS) 109
TABLE 42 FOOD: TASTE MODULATORS MARKET, BY REGION, 2023-2028 (MILLION TONS) 109
8.2.1 CONFECTIONERY PRODUCTS 110
8.2.1.1 Trend of preferring healthy and tasty confectionery in developing regions to fuel market 110
TABLE 43 CONFECTIONERY PRODUCTS: TASTE MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 110
TABLE 44 CONFECTIONERY PRODUCTS: TASTE MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 111
8.2.2 BAKERY PRODUCTS 111
8.2.2.1 Shift in consumer preference for low-calorie bakery products to drive market 111
TABLE 45 BAKERY PRODUCTS: TASTE MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 111
TABLE 46 BAKERY PRODUCTS: TASTE MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 112
8.2.3 DAIRY PRODUCTS 112
8.2.3.1 Rising demand for dairy products to optimize nutritional content via taste modulators 112
TABLE 47 DAIRY PRODUCTS: TASTE MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 112
TABLE 48 DAIRY PRODUCTS: TASTE MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 113
8.2.4 SNACKS & SAVORY PRODUCTS 113
8.2.4.1 Rising demand for umami flavor in snack and savory products to fuel popularity of taste modulators 113
TABLE 49 SNACKS & SAVORY PRODUCTS: TASTE MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 113
TABLE 50 SNACKS & SAVORY PRODUCTS: TASTE MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 114
8.2.5 MEAT PRODUCTS 114
8.2.5.1 Increasing demand for processed meat with low sodium content to boost demand 114
TABLE 51 MEAT PRODUCTS: TASTE MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 114
TABLE 52 MEAT PRODUCTS: TASTE MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 115
8.2.6 OTHER FOOD APPLICATIONS 115
TABLE 53 OTHER FOOD APPLICATIONS: TASTE MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 115
TABLE 54 OTHER FOOD APPLICATIONS: TASTE MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 116
8.3 BEVERAGES 116
TABLE 55 BEVERAGES: TASTE MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 117
TABLE 56 BEVERAGES: TASTE MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 117
TABLE 57 BEVERAGES: TASTE MODULATORS MARKET, BY REGION, 2019-2022 (MILLION TONS) 117
TABLE 58 BEVERAGES: TASTE MODULATORS MARKET, BY REGION, 2023-2028 (MILLION TONS) 118
8.3.1 NON-ALCOHOLIC BEVERAGES 118
8.3.1.1 Growing demand for healthy, ready-to-drink beverages to fuel market 118
8.3.1.2 Dairy-based beverages 118
8.3.1.3 Fruit- and vegetable-based beverages 119
8.3.1.4 Carbonated soft drinks 119
8.3.1.5 Functional drinks 119
8.3.1.6 Others 120
TABLE 59 NON-ALCOHOLIC BEVERAGES: TASTE MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 120
TABLE 60 NON-ALCOHOLIC BEVERAGES: TASTE MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 120
8.3.2 ALCOHOLIC BEVERAGES 120
8.3.2.1 High demand for alcoholic beverages in developed countries to drive market 120
TABLE 61 ALCOHOLIC BEVERAGES: TASTE MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 121
TABLE 62 ALCOHOLIC BEVERAGES: TASTE MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 121
8.4 PHARMACEUTICALS 122
8.4.1 GROWING REQUIREMENT FOR TASTE-MASKING IN PHARMACEUTICAL INDUSTRY TO FUEL DEMAND 122
TABLE 63 PHARMACEUTICALS: TASTE MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 123
TABLE 64 PHARMACEUTICALS: TASTE MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 123
TABLE 65 PHARMACEUTICALS: TASTE MODULATORS MARKET, BY REGION, 2019-2022 (MILLION TONS) 124
TABLE 66 PHARMACEUTICALS: TASTE MODULATORS MARKET, BY REGION, 2023-2028 (MILLION TONS) 124
9 TASTE MODULATORS MARKET, BY REGION 125
9.1 INTRODUCTION 126
FIGURE 35 INDIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 126
TABLE 67 TASTE MODULATORS MARKET, BY REGION, 2019-2022 (USD MILLION) 127
TABLE 68 TASTE MODULATORS MARKET, BY REGION, 2023-2028 (USD MILLION) 127
TABLE 69 TASTE MODULATORS MARKET, BY REGION, 2019-2022 (MILLION TONS) 127
TABLE 70 TASTE MODULATORS MARKET, BY REGION, 2023-2028 (MILLION TONS) 128
9.2 NORTH AMERICA 128
9.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 128
FIGURE 36 NORTH AMERICA: INFLATION RATES, BY COUNTRY, 2018-2021 129
FIGURE 37 NORTH AMERICAN TASTE MODULATORS MARKET: RECESSION IMPACT ANALYSIS 130
FIGURE 38 NORTH AMERICA: TASTE MODULATORS MARKET SNAPSHOT 130
TABLE 71 NORTH AMERICA: TASTE MODULATORS MARKET, BY COUNTRY, 2019-2022 (USD MILLION) 131
TABLE 72 NORTH AMERICA: TASTE MODULATORS MARKET, BY COUNTRY, 2023-2028 (USD MILLION) 131
TABLE 73 NORTH AMERICA: TASTE MODULATORS MARKET, BY COUNTRY, 2019-2022 (MILLION TONS) 131
TABLE 74 NORTH AMERICA: TASTE MODULATORS MARKET, BY COUNTRY, 2023-2028 (MILLION TONS) 131
TABLE 75 NORTH AMERICA: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 132
TABLE 76 NORTH AMERICA: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 132
TABLE 77 NORTH AMERICA: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (MILLION TONS) 132
TABLE 78 NORTH AMERICA: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (MILLION TONS) 132
TABLE 79 NORTH AMERICA: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 133
TABLE 80 NORTH AMERICA: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 133
TABLE 81 NORTH AMERICA: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (MILLION TONS) 133
TABLE 82 NORTH AMERICA: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (MILLION TONS) 133
TABLE 83 NORTH AMERICA: TASTE MODULATORS MARKET, BY FOOD APPLICATION, 2019-2022 (USD MILLION) 134
TABLE 84 NORTH AMERICA: TASTE MODULATORS MARKET, BY FOOD APPLICATION, 2023-2028 (USD MILLION) 134
TABLE 85 NORTH AMERICA: TASTE MODULATORS MARKET, BY BEVERAGE APPLICATION, 2019-2022 (USD MILLION) 134
TABLE 86 NORTH AMERICA: TASTE MODULATORS MARKET, BY BEVERAGE APPLICATION, 2023-2028 (USD MILLION) 135
9.2.2 US 135
9.2.2.1 Government awareness programs regarding effects of excess salt and sugar intake to promote use of taste modulators 135
TABLE 87 US: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 135
TABLE 88 US: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 136
TABLE 89 US: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 136
TABLE 90 US: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 136
9.2.3 CANADA 136
9.2.3.1 Rising health concerns associated with high-caloric processed food products to drive market 136
TABLE 91 CANADA: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 137
TABLE 92 CANADA: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 137
TABLE 93 CANADA: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 137
TABLE 94 CANADA: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 138
9.2.4 MEXICO 138
9.2.4.1 Growing consumer inclination toward processed food and meat products to fuel demand for taste modulators 138
TABLE 95 MEXICO: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 138
TABLE 96 MEXICO: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 139
TABLE 97 MEXICO: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 139
TABLE 98 MEXICO: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 139
9.3 EUROPE 139
FIGURE 39 EUROPE: COUNTRY-WISE BEVERAGE CONSUMPTION, 2016-2021 (MILLION LITERS) 140
9.3.1 EUROPE: RECESSION IMPACT ANALYSIS 140
FIGURE 40 EUROPE: INFLATION RATES, BY COUNTRY, 2018-2021 141
FIGURE 41 EUROPEAN TASTE MODULATORS MARKET: RECESSION IMPACT ANALYSIS 142
TABLE 99 EUROPE: TASTE MODULATORS MARKET, BY COUNTRY, 2019-2022 (USD MILLION) 142
TABLE 100 EUROPE: TASTE MODULATORS MARKET, BY COUNTRY, 2023-2028 (USD MILLION) 143
TABLE 101 EUROPE: TASTE MODULATORS MARKET, BY COUNTRY, 2019-2022 (MILLION TONS) 143
TABLE 102 EUROPE: TASTE MODULATORS MARKET, BY COUNTRY, 2023-2028 (MILLION TONS) 143
TABLE 103 EUROPE: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 144
TABLE 104 EUROPE: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 144
TABLE 105 EUROPE: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (MILLION TONS) 144
TABLE 106 EUROPE: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (MILLION TONS) 144
TABLE 107 EUROPE: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 145
TABLE 108 EUROPE: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 145
TABLE 109 EUROPE: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (MILLION TONS) 145
TABLE 110 EUROPE: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (MILLION TONS) 145
TABLE 111 EUROPE: TASTE MODULATORS MARKET, BY FOOD APPLICATION, 2019-2022 (USD MILLION) 146
TABLE 112 EUROPE: TASTE MODULATORS MARKET, BY FOOD APPLICATION, 2023-2028 (USD MILLION) 146
TABLE 113 EUROPE: TASTE MODULATORS MARKET, BY BEVERAGE APPLICATION, 2019-2022 (USD MILLION) 146
TABLE 114 EUROPE: TASTE MODULATORS MARKET, BY BEVERAGE APPLICATION, 2023-2028 (USD MILLION) 147
9.3.2 GERMANY 147
9.3.2.1 Increasing demand for healthy and clean-label processed products to present lucrative market opportunities 147
TABLE 115 GERMANY: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 147
TABLE 116 GERMANY: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 148
TABLE 117 GERMANY: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 148
TABLE 118 GERMANY: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 148
9.3.3 FRANCE 148
9.3.3.1 Surging end-user application of taste modulators to increase demand 148
TABLE 119 FRANCE: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 149
TABLE 120 FRANCE: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 149
TABLE 121 FRANCE: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 149
TABLE 122 FRANCE: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 149
9.3.4 UK 150
9.3.4.1 Growing health concerns due to lifestyle changes to drive need for taste modulators 150
TABLE 123 UK: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 150
TABLE 124 UK: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 150
TABLE 125 UK: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 150
TABLE 126 UK: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 151
9.3.5 ITALY 151
9.3.5.1 Government initiatives to reduce salt levels in processed food to support growth of taste modulators 151
TABLE 127 ITALY: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 151
TABLE 128 ITALY: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 151
TABLE 129 ITALY: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 152
TABLE 130 ITALY: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 152
9.3.6 SPAIN 152
9.3.6.1 Growing popularity of low-sugar beverage products to increase demand for taste modulators 152
TABLE 131 SPAIN: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 153
TABLE 132 SPAIN: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 153
TABLE 133 SPAIN: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 153
TABLE 134 SPAIN: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 153
9.3.7 NETHERLANDS 154
9.3.7.1 Strong customer base and presence of key players to strengthen market for taste modulators 154
TABLE 135 NETHERLANDS: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 154
TABLE 136 NETHERLANDS: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 154
TABLE 137 NETHERLANDS: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 155
TABLE 138 NETHERLANDS: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 155
9.3.8 POLAND 155
9.3.8.1 Flourishing food & beverage industry to drive need for taste modulators 155
TABLE 139 POLAND: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 155
TABLE 140 POLAND: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 156
TABLE 141 POLAND: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 156
TABLE 142 POLAND: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 156
9.3.9 REST OF EUROPE 156
TABLE 143 REST OF EUROPE: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 157
TABLE 144 REST OF EUROPE: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 157
TABLE 145 REST OF EUROPE: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 157
TABLE 146 REST OF EUROPE: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 157
9.4 ASIA PACIFIC 158
9.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 158
FIGURE 42 ASIA PACIFIC: INFLATION RATES, BY COUNTRY, 2018-2021 159
FIGURE 43 ASIA PACIFIC TASTE MODULATORS MARKET: RECESSION IMPACT ANALYSIS 159
FIGURE 44 ASIA PACIFIC: TASTE MODULATORS MARKET SNAPSHOT 160
TABLE 147 ASIA PACIFIC: TASTE MODULATORS MARKET, BY COUNTRY, 2019-2022 (USD MILLION) 160
TABLE 148 ASIA PACIFIC: TASTE MODULATORS MARKET, BY COUNTRY, 2023-2028 (USD MILLION) 161
TABLE 149 ASIA PACIFIC: TASTE MODULATORS MARKET, BY COUNTRY, 2019-2022 (MILLION TONS) 161
TABLE 150 ASIA PACIFIC: TASTE MODULATORS MARKET, BY COUNTRY, 2023-2028 (MILLION TONS) 161
TABLE 151 ASIA PACIFIC: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 162
TABLE 152 ASIA PACIFIC: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 162
TABLE 153 ASIA PACIFIC: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (MILLION TONS) 162
TABLE 154 ASIA PACIFIC: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (MILLION TONS) 162
TABLE 155 ASIA PACIFIC: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 163
TABLE 156 ASIA PACIFIC: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 163
TABLE 157 ASIA PACIFIC: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (MILLION TONS) 163
TABLE 158 ASIA PACIFIC: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (MILLION TONS) 163
TABLE 159 ASIA PACIFIC: TASTE MODULATORS MARKET, BY FOOD APPLICATION, 2019-2022 (USD MILLION) 164
TABLE 160 ASIA PACIFIC: TASTE MODULATORS MARKET, BY FOOD APPLICATION, 2023-2028 (USD MILLION) 164
TABLE 161 ASIA PACIFIC: TASTE MODULATORS MARKET, BY BEVERAGE APPLICATION, 2019-2022 (USD MILLION) 164
TABLE 162 ASIA PACIFIC: TASTE MODULATORS MARKET, BY BEVERAGE APPLICATION, 2023-2028 (USD MILLION) 165
9.4.2 CHINA 165
9.4.2.1 Adoption of Westernized lifestyle to fuel market for taste modulators 165
TABLE 163 CHINA: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 165
TABLE 164 CHINA: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 165
TABLE 165 CHINA: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 166
TABLE 166 CHINA: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 166
9.4.3 INDIA 166
9.4.3.1 Growing health-conscious population to increase consumption of low-calorie, low-fat products 166
TABLE 167 INDIA: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 166
TABLE 168 INDIA: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 167
TABLE 169 INDIA: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 167
TABLE 170 INDIA: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 167
9.4.4 JAPAN 167
9.4.4.1 Rising focus of people on consuming food products with low salt and calories to drive market 167
TABLE 171 JAPAN: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 168
TABLE 172 JAPAN: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 168
TABLE 173 JAPAN: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 168
TABLE 174 JAPAN: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 168
9.4.5 AUSTRALIA & NEW ZEALAND 169
9.4.5.1 Growing consumer focus on healthy and nutritional food and beverages to drive market 169
TABLE 175 AUSTRALIA & NEW ZEALAND: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 169
TABLE 176 AUSTRALIA & NEW ZEALAND: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 169
TABLE 177 AUSTRALIA & NEW ZEALAND: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 170
TABLE 178 AUSTRALIA & NEW ZEALAND: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 170
9.4.6 REST OF ASIA PACIFIC 170
TABLE 179 REST OF ASIA PACIFIC: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 170
TABLE 180 REST OF ASIA PACIFIC: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 171
TABLE 181 REST OF ASIA PACIFIC: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 171
TABLE 182 REST OF ASIA PACIFIC: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 171
9.5 SOUTH AMERICA 171
9.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 172
FIGURE 45 SOUTH AMERICA: INFLATION RATES, BY COUNTRY, 2018-2021 173
FIGURE 46 SOUTH AMERICAN TASTE MODULATORS MARKET: RECESSION IMPACT ANALYSIS 173
TABLE 183 SOUTH AMERICA: TASTE MODULATORS MARKET, BY COUNTRY, 2019-2022 (USD MILLION) 173
TABLE 184 SOUTH AMERICA: TASTE MODULATORS MARKET, BY COUNTRY, 2023-2028 (USD MILLION) 174
TABLE 185 SOUTH AMERICA: TASTE MODULATORS MARKET, BY COUNTRY, 2019-2022 (MILLION TONS) 174
TABLE 186 SOUTH AMERICA: TASTE MODULATORS MARKET, BY COUNTRY, 2023-2028 (MILLION TONS) 174
TABLE 187 SOUTH AMERICA: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 174
TABLE 188 SOUTH AMERICA: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 175
TABLE 189 SOUTH AMERICA: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (MILLION TONS) 175
TABLE 190 SOUTH AMERICA: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (MILLION TONS) 175
TABLE 191 SOUTH AMERICA: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 175
TABLE 192 SOUTH AMERICA: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 176
TABLE 193 SOUTH AMERICA: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (MILLION TONS) 176
TABLE 194 SOUTH AMERICA: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (MILLION TONS) 176
TABLE 195 SOUTH AMERICA: TASTE MODULATORS MARKET, BY FOOD APPLICATION, 2019-2022 (USD MILLION) 177
TABLE 196 SOUTH AMERICA: TASTE MODULATORS MARKET, BY FOOD APPLICATION, 2023-2028 (USD MILLION) 177
TABLE 197 SOUTH AMERICA: TASTE MODULATORS MARKET, BY BEVERAGE APPLICATION, 2019-2022 (USD MILLION) 177
TABLE 198 SOUTH AMERICA: TASTE MODULATORS MARKET, BY BEVERAGE APPLICATION, 2023-2028 (USD MILLION) 178
9.5.2 BRAZIL 178
9.5.2.1 Increased demand for premium consumer products to boost market 178
TABLE 199 BRAZIL: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 179
TABLE 200 BRAZIL: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 179
TABLE 201 BRAZIL: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 179
TABLE 202 BRAZIL: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 179
9.5.3 ARGENTINA 180
9.5.3.1 Growing affinity toward functional food and beverage products to drive demand for taste modulators 180
TABLE 203 ARGENTINA: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 180
TABLE 204 ARGENTINA: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 180
TABLE 205 ARGENTINA: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 181
TABLE 206 ARGENTINA: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 181
9.5.4 REST OF SOUTH AMERICA 181
TABLE 207 REST OF SOUTH AMERICA: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 181
TABLE 208 REST OF SOUTH AMERICA: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 182
TABLE 209 REST OF SOUTH AMERICA: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 182
TABLE 210 REST OF SOUTH AMERICA: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 182
9.6 REST OF THE WORLD (ROW) 182
9.6.1 ROW: RECESSION IMPACT ANALYSIS 183
FIGURE 47 ROW: INFLATION RATES, BY COUNTRY, 2018-2021 183
FIGURE 48 ROW TASTE MODULATORS MARKET: RECESSION IMPACT ANALYSIS 184
TABLE 211 ROW: TASTE MODULATORS MARKET, BY COUNTRY, 2019-2022 (USD MILLION) 184
TABLE 212 ROW: TASTE MODULATORS MARKET, BY COUNTRY, 2023-2028 (USD MILLION) 184
TABLE 213 ROW: TASTE MODULATORS MARKET, BY COUNTRY, 2019-2022 (MILLION TONS) 185
TABLE 214 ROW: TASTE MODULATORS MARKET, BY COUNTRY, 2023-2028 (MILLION TONS) 185
TABLE 215 ROW: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 185
TABLE 216 ROW: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 185
TABLE 217 ROW: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (MILLION TONS) 186
TABLE 218 ROW: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (MILLION TONS) 186
TABLE 219 ROW: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 186
TABLE 220 ROW: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 186
TABLE 221 ROW: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (MILLION TONS) 187
TABLE 222 ROW: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (MILLION TONS) 187
TABLE 223 ROW: TASTE MODULATORS MARKET, BY FOOD APPLICATION, 2019-2022 (USD MILLION) 187
TABLE 224 ROW: TASTE MODULATORS MARKET, BY FOOD APPLICATION, 2023-2028 (USD MILLION) 187
TABLE 225 ROW: TASTE MODULATORS MARKET, BY BEVERAGE APPLICATION, 2019-2022 (USD MILLION) 188
TABLE 226 ROW: TASTE MODULATORS MARKET, BY BEVERAGE APPLICATION, 2023-2028 (USD MILLION) 188
9.6.2 SAUDI ARABIA 188
9.6.2.1 Rising demand for healthy products to boost need for taste modulators 188
TABLE 227 SAUDI ARABIA: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 189
TABLE 228 SAUDI ARABIA: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 189
TABLE 229 SAUDI ARABIA: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 189
TABLE 230 SAUDI ARABIA: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 189
9.6.3 IRAN 190
9.6.3.1 Increasing adoption of processed food and meat to fuel demand for taste modulators 190
TABLE 231 IRAN: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 190
TABLE 232 IRAN: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 190
TABLE 233 IRAN: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 191
TABLE 234 IRAN: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 191
9.6.4 SOUTH AFRICA 191
9.6.4.1 Rising health concerns to impact demand for taste modulators and low-calorie products 191
TABLE 235 SOUTH AFRICA: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 192
TABLE 236 SOUTH AFRICA: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 192
TABLE 237 SOUTH AFRICA: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 192
TABLE 238 SOUTH AFRICA: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 192
9.6.5 OTHERS IN ROW 193
TABLE 239 OTHERS IN ROW: TASTE MODULATORS MARKET, BY TYPE, 2019-2022 (USD MILLION) 193
TABLE 240 OTHERS IN ROW: TASTE MODULATORS MARKET, BY TYPE, 2023-2028 (USD MILLION) 193
TABLE 241 OTHERS IN ROW: TASTE MODULATORS MARKET, BY APPLICATION, 2019-2022 (USD MILLION) 193
TABLE 242 OTHERS IN ROW: TASTE MODULATORS MARKET, BY APPLICATION, 2023-2028 (USD MILLION) 194
10 COMPETITIVE LANDSCAPE 195
10.1 OVERVIEW 195
10.2 MARKET SHARE ANALYSIS 195
TABLE 243 GLOBAL TASTE MODULATORS MARKET: INTENSITY OF COMPETITIVE RIVALRY 196
10.3 KEY PLAYERS STRATEGIES/RIGHT TO WIN 196
TABLE 244 STRATEGIES ADOPTED BY KEY TASTE MODULATOR MANUFACTURERS 196
10.4 REVENUE ANALYSIS 198
FIGURE 49 REVENUE ANALYSIS OF KEY PLAYERS, 2018-2022 (USD BILLION) 198
10.5 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 199
FIGURE 50 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS, 2022 199
10.6 COMPANY EVALUATION MATRIX 199
10.6.1 STARS 199
10.6.2 EMERGING LEADERS 199
10.6.3 PERVASIVE PLAYERS 200
10.6.4 PARTICIPANTS 200
FIGURE 51 COMPANY EVALUATION MATRIX, 2022 200
10.6.5 COMPANY FOOTPRINT 201
TABLE 245 COMPANY FOOTPRINT, BY TYPE 201
TABLE 246 COMPANY FOOTPRINT, BY APPLICATION 202
TABLE 247 COMPANY FOOTPRINT, BY REGION 202
TABLE 248 COMPETITIVE BENCHMARKING OF KEY PLAYERS 203
10.7 START-UP/SME EVALUATION MATRIX 204
10.7.1 PROGRESSIVE COMPANIES 204
10.7.2 RESPONSIVE COMPANIES 204
10.7.3 DYNAMIC COMPANIES 204
10.7.4 STARTING BLOCKS 204
FIGURE 52 START-UP/SME EVALUATION MATRIX, 2022 205
10.7.5 COMPETITIVE BENCHMARKING 206
TABLE 249 DETAILED LIST OF KEY START-UPS/SMES 206
TABLE 250 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 207
10.8 COMPETITIVE SCENARIO AND TRENDS 207
10.8.1 PRODUCT LAUNCHES 207
TABLE 251 TASTE MODULATORS MARKET: PRODUCT LAUNCHES, NOVEMBER 2019- NOVEMBER 2022 207
10.8.2 DEALS 209
TABLE 252 TASTE MODULATORS MARKET: DEALS, MARCH 2023-SEPTEMBER 2023 209
10.8.3 OTHERS 211
TABLE 253 TASTE MODULATORS MARKET: OTHERS, JANUARY 2022-OCTOBER 2023 211
11 COMPANY PROFILES 212
11.1 KEY PLAYERS 212
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
11.1.1 DSM 212
TABLE 254 DSM: BUSINESS OVERVIEW 212
FIGURE 53 DSM: COMPANY SNAPSHOT 213
TABLE 255 DSM: PRODUCTS/SERVICES/SOLUTIONS OFFERED 213
TABLE 256 DSM: PRODUCT LAUNCHES 214
TABLE 257 DSM: DEALS 214
TABLE 258 DSM: OTHERS 215
11.1.2 INTERNATIONAL FLAVORS & FRAGRANCES INC. 216
TABLE 259 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW 216
FIGURE 54 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT 217
TABLE 260 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 217
TABLE 261 INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS 218
TABLE 262 INTERNATIONAL FLAVORS & FRAGRANCES INC.: OTHERS 219
11.1.3 GIVAUDAN 221
TABLE 263 GIVAUDAN: BUSINESS OVERVIEW 221
FIGURE 55 GIVAUDAN: COMPANY SNAPSHOT 222
TABLE 264 GIVAUDAN: PRODUCTS/SERVICES/SOLUTIONS OFFERED 222
TABLE 265 GIVAUDAN: DEALS 223
TABLE 266 GIVAUDAN: OTHERS 223
11.1.4 KERRY GROUP PLC 225
TABLE 267 KERRY GROUP PLC: BUSINESS OVERVIEW 225
FIGURE 56 KERRY GROUP PLC: COMPANY SNAPSHOT 226
TABLE 268 KERRY GROUP PLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 226
TABLE 269 KERRY GROUP PLC: DEALS 227
TABLE 270 KERRY GROUP PLC: OTHERS 227
11.1.5 INGREDION 229
TABLE 271 INGREDION: BUSINESS OVERVIEW 229
FIGURE 57 INGREDION: COMPANY SNAPSHOT 230
TABLE 272 INGREDION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 230
TABLE 273 INGREDION: PRODUCT LAUNCHES 231
TABLE 274 INGREDION: DEALS 231
11.1.6 SYMRISE 234
TABLE 275 SYMRISE: BUSINESS OVERVIEW 234
FIGURE 58 SYMRISE: COMPANY SNAPSHOT 235
TABLE 276 SYMRISE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 235
TABLE 277 SYMRISE: OTHERS 235
11.1.7 SENSIENT TECHNOLOGIES CORPORATION 237
TABLE 278 SENSIENT TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW 237
FIGURE 59 SENSIENT TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT 238
TABLE 279 SENSIENT TECHNOLOGIES CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 238
11.1.8 TATE & LYLE 240
TABLE 280 TATE & LYLE: BUSINESS OVERVIEW 240
FIGURE 60 TATE & LYLE: COMPANY SNAPSHOT 241
TABLE 281 TATE & LYLE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 241
TABLE 282 TATE & LYLE: PRODUCT LAUNCHES 243
TABLE 283 TATE & LYLE: DEALS 243
TABLE 284 TATE & LYLE: OTHERS 244
11.1.9 CORBION 246
TABLE 285 CORBION: BUSINESS OVERVIEW 246
FIGURE 61 CORBION: COMPANY SNAPSHOT 247
TABLE 286 CORBION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 247
TABLE 287 CORBION: PRODUCT LAUNCHES 248
11.1.10 TAKASAGO INTERNATIONAL CORPORATION 249
TABLE 288 TAKASAGO INTERNATIONAL CORPORATION: BUSINESS OVERVIEW 249
FIGURE 62 TAKASAGO INTERNATIONAL CORPORATION: COMPANY SNAPSHOT 250
TABLE 289 TAKASAGO INTERNATIONAL CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 250
TABLE 290 TAKASAGO INTERNATIONAL CORPORATION: OTHERS 251
11.2 OTHER PLAYERS 252
11.2.1 ICON FOODS 252
TABLE 291 ICON FOODS: BUSINESS OVERVIEW 252
TABLE 292 ICON FOODS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 252
11.2.2 CARMI FLAVOR & FRAGRANCE CO., INC. 254
TABLE 293 CARMI FLAVOR & FRAGRANCE CO, INC.: BUSINESS OVERVIEW 254
TABLE 294 CARMI FLAVOR & FRAGRANCE C0, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 254
11.2.3 CARGILL, INCORPORATED 255
TABLE 295 CARGILL, INCORPORATED: BUSINESS OVERVIEW 255
FIGURE 63 CARGILL, INCORPORATED: COMPANY SNAPSHOT 255
TABLE 296 CARGILL, INCORPORATED: PRODUCTS/SERVICES/SOLUTIONS OFFERED 256
TABLE 297 CARGILL, INCORPORATED: PRODUCT LAUNCHES 258
TABLE 298 CARGILL, INCORPORATED: DEALS 259
TABLE 299 CARGILL, INCORPORATED: OTHERS 260
11.2.4 MANE 262
TABLE 300 MANE: BUSINESS OVERVIEW 262
TABLE 301 MANE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 262
11.2.5 ADM 263
TABLE 302 ADM: BUSINESS OVERVIEW 263
FIGURE 64 ADM: COMPANY SNAPSHOT 264
TABLE 303 ADM: PRODUCTS/SERVICES/SOLUTIONS OFFERED 264
TABLE 304 ADM: DEALS 265
11.2.6 ANGELYEAST CO., LTD. 266
TABLE 305 ANGELYEAST CO., LTD.: BUSINESS OVERVIEW 266
FIGURE 65 ANGELYEAST CO., LTD.: COMPANY SNAPSHOT 267
TABLE 306 ANGELYEAST CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 267
11.2.7 FLAVORCHEM & ORCHIDIA FRAGRANCES 269
TABLE 307 FLAVORCHEM & ORCHIDIA FRAGRANCES: BUSINESS OVERVIEW 269
TABLE 308 FLAVORCHEM & ORCHIDIA FRAGRANCES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 269
11.2.8 SYNERGY FLAVORS 270
TABLE 309 SYNERGY FLAVORS: BUSINESS OVERVIEW 270
TABLE 310 SYNERGY FLAVORS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 270
TABLE 311 SYNERGY FLAVORS: DEALS 271
11.2.9 INNOPHOS 272
TABLE 312 INNOPHOS: BUSINESS OVERVIEW 272
TABLE 313 INNOPHOS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 272
11.2.10 APURA INGREDIENTS 273
TABLE 314 APURA INGREDIENTS: BUSINESS OVERVIEW 273
TABLE 315 APURA INGREDIENTS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 273
11.2.11 SWEEGEN 275
11.2.12 IXORA SCIENTIFIC INC. 275
11.2.13 TASTES NATURAL 276
11.2.14 DOHLER GMBH 276
11.2.15 FLAVORSUM, LLC 277
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
12 ADJACENT AND RELATED MARKETS 278
12.1 INTRODUCTION 278
TABLE 316 MARKETS ADJACENT TO TASTE MODULATORS MARKET 278
12.2 LIMITATIONS 278
12.3 FOOD FLAVORS MARKET 278
12.3.1 MARKET DEFINITION 278
12.3.2 MARKET OVERVIEW 279
TABLE 317 FOOD FLAVORS MARKET, BY TYPE, 2019-2021 (USD MILLION) 279
TABLE 318 FOOD FLAVORS MARKET, BY TYPE, 2022-2027 (USD MILLION) 280
12.4 FLAVORS & FRAGRANCES MARKET 280
12.4.1 MARKET DEFINITION 280
12.4.2 MARKET OVERVIEW 280
TABLE 319 FLAVORS & FRAGRANCES MARKET, BY INGREDIENT, 2016-2019 (USD MILLION) 281
TABLE 320 FLAVORS & FRAGRANCES MARKET, BY INGREDIENT, 2020-2026 (USD MILLION) 281
13 APPENDIX 282
13.1 DISCUSSION GUIDE 282
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 288
13.3 CUSTOMIZATION OPTIONS 290
13.4 RELATED REPORTS 290
13.5 AUTHOR DETAILS 291
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