Market Size of Taste Modulators Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 8.60 % |
| Fastest Growing Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Taste Modulators Market Analysis
The global taste modulators market is growing at a CAGR of 8.6% during the forecast period (2019 - 2024).
- The prevalence of obesity and diabetes across the globe with about 1.6 billion adults aged 18 and above were obese in 2016 (According to WHO), this is one of the major factors driving the demand for taste modulators in food and beverage industries. This has helped the consumers to meet their flavor requirementswithout compromising with their health.
- The implemented sugar taxes in countries, like Thailand, are driving consumers toward beverages that have less sugar. This, in turn, is driving the demand for sweet modulators in such countries. To cater to the increasing demand for flavored carbonated beverage products among consumers under different demographics, the food and beverage companies are increasingly focusing on making product lines with reduced sugar and sodium content. This is driving the growth of the taste modulator market in the end-user industries.
