Taste Modulators Market

Taste Modulators Market Trends & Growth Analysis – Latest Insights

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12917
  • Published Date: Sep, 2022
  • Pages: 234
  • Category: Chemicals & Materials
  • Format: PDF
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Market Dynamics

Drivers

  • Increasing cases of diabetes and obesity

An increase in the number of hours spent in Infront of laptops and mobile screens combined with a sedentary lifestyle, no physical exercise & unhealthy diet has led to a rise in the number of individuals suffering from acute diseases. The unhealthy diet of individuals primarily consists of ultra-processed food and beverages with high sugar, salt, and fat content. These substances facilitate producers in making processed food much tastier, juicier, and more addictive. They lead to diabetes and obesity in individuals. The increasing number of diabetic and obese individuals has increased awareness of the ill effects of consuming too much sugar and salt. The rising awareness has persuaded producers of packaged food & beverages to develop sugar, salt, and fat-free products without compromising the taste of these products. Therefore, the taste modulators market would be driven by the increasing cases of diabetes and obesity worldwide.

Restraints

  • Stringent government regulations

The use of taste modulators in bakery, confectionery, dairy, beverages, and processed foods consumed directly by consumers comes under increased scrutiny of regulatory authorities as these products have significant potential of directly impacting consumers' health. For instance, the stringent food safety law of the European Union or labeling standards of the FSSAI in India govern the food industry's processing, distribution, labeling, and packaging. They also regulate the number of taste modulators used in various products. The stringent government regulations will limit the growth of the market.

Opportunities

  • The growing consumer demand in developing economies

With the advent of urbanization combined with the increase in disposable income of the population, there has been an increasing demand in the consumer durable and food & beverages market. The increased internet penetration and the e-commerce boom have further fueled this demand. A large proportion of youngsters are inclined towards buying healthier products that are low in calories, sugar-free, and fat-free. The inclination toward these products can be attributed to rising awareness about living a healthy lifestyle and the increasing number of fitness influencers on social media.  The dairy, meat, and seafood sectors also thrive in this region. The market players are processing bakery, confectionery, dairy, and meat products with taste modulators to capture the market of health-conscious consumers.

Challenges

  • Studies describing the ill-effects of taste modulators

As taste modulators entered the market as a replacement for sugar, salt, and fat in various products, studies have been conducted to understand their effects on human health in the long term. Some studies support taste modulators as foods, beverages, and other products with actual salt, sugar, and fat are comparatively more harmful. In contrast, some studies are against using taste modulators as they lead to weight gain, hypoglycemia, brain tumors, blood cancer, and other health hazards. Furthermore, some studies suggest that, given that taste, modulators do not carry the ill effects of sugar, salt, or fat, people tend to consume more food than usual, thereby overcoming all the benefits that the taste modulators may provide. The rising concern of taste modulators and products used in the general population may challenge the market's growth. Also, the misleading information on sugar-free, salt-free, and fat-free products masking their other harmful ingredients has led to a decrease in sales for market players as consumers become more aware of their foods.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Product Type
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing cases of diabetes and obesity
    5.3. Restraints
          5.3.1. Stringent government regulations
    5.4. Opportunities
          5.4.1. The growing consumer demand in developing economies
    5.5. Challenges
          5.5.1. Studies describing the ill-effects of taste modulators

6. Global Taste Modulators Market Analysis and Forecast, By Product Type
    6.1. Segment Overview
    6.2. Sweet Modulators
    6.3. Salt Modulators
    6.4. Fat Modulators

7. Global Taste Modulators Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Bakery
    7.3. Dairy
    7.4. Confectionery
    7.5. Meat Products
    7.6. Snacks & Savory Products
    7.7. Beverages
    7.8. Frozen Desserts
    7.9. Seafood
    7.10. Others

8. Global Taste Modulators Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Global Taste Modulators Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Taste Modulators Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. Carmi Flavor & Fragrance Co. Inc.
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Firmenich SA
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Givaudan
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Ingredion Incorporated
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. International Flavors and Fragrances Inc.
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Kerry Group PLC
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Senomyx Inc.
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Sensient Technologies Corporation
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Symrise
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. The Flavor Factory
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Component Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
 

List of Table

1. Global Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

2. Global Sweet Taste Modulators Market, By Region, 2019-2030 (USD Billion) 

3. Global Salt Taste Modulators Market, By Region, 2019-2030 (USD Billion) 

4. Global Fat Taste Modulators Market, By Region, 2019-2030 (USD Billion) 

5. Global Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

6. Global Bakery Taste Modulators Market, By Region, 2019-2030 (USD Billion) 

7. Global Dairy Taste Modulators Market, By Region, 2019-2030 (USD Billion) 

8. Global Confectionery Taste Modulators Market, By Region, 2019-2030 (USD Billion) 

9. Global Meat Products Taste Modulators Market, By Region, 2019-2030 (USD Billion) 

10. Global Snacks & Savory Products Taste Modulators Market, By Region, 2019-2030 (USD Billion) 

11. Global Beverages Taste Modulators Market, By Region, 2019-2030 (USD Billion) 

12. Global Frozen Desserts Taste Modulators Market, By Region, 2019-2030 (USD Billion) 

13. Global Seafood Taste Modulators Market, By Region, 2019-2030 (USD Billion) 

14. Global Others Taste Modulators Market, By Region, 2019-2030 (USD Billion) 

15. Global Taste Modulators Market, By Region, 2019-2030 (USD Billion) 

16. North America Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

17. North America Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

18. U.S. Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

19. U.S. Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

20. Canada Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

21. Canada Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

22. Mexico Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

23. Mexico Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

24. Europe Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

25. Europe Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

26. Germany Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

27. Germany Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

28. France Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

29. France Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

30. U.K. Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

31. U.K. Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

32. Italy Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

33. Italy Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

34. Spain Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

35. Spain Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

36. Asia Pacific Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

37. Asia Pacific Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

38. Japan Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

39. Japan Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

40. China Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

41. China Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

42. India Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

43. India Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

44. South America Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

45. South America Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

46. Brazil Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

47. Brazil Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

48. Middle East and Africa Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

49. Middle East and Africa Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

50. UAE Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

51. UAE Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

52. South Africa Taste Modulators Market, By Product Type, 2019-2030 (USD Billion) 

53. South Africa Taste Modulators Market, By Application, 2019-2030 (USD Billion) 

List of Figures 

1. Global Taste Modulators Market Segmentation

2. Taste Modulators Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Taste Modulators Market Attractiveness Analysis By Product Type

9. Global Taste Modulators Market Attractiveness Analysis By Application

10. Global Taste Modulators Market Attractiveness Analysis By Region

11. Global Taste Modulators Market: Dynamics

12. Global Taste Modulators Market Share by Product Type (2022 & 2030)

13. Global Taste Modulators Market Share by Application (2022 & 2030)

14. Global Taste Modulators Market Share by Regions (2022 & 2030)

15. Global Taste Modulators Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global taste modulators market based on below mentioned segments:

Global Taste Modulators Market by Product Type:

  • Sweet Modulators
  • Salt Modulators
  • Fat Modulators

Global Taste Modulators Market by Application:

  • Bakery
  • Dairy
  • Confectionery
  • Meat Products
  • Snacks & Savory Products
  • Beverages
  • Frozen Desserts
  • Seafood
  • Others

Global Taste Modulators Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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