TASTE MODULATORS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Taste Modulators Market Analysis:

The global market for taste modulators is experiencing a Compound Annual Growth Rate (CAGR) of 8.6% during the forecast period of 2019 to 2024. The rise in obesity and diabetes rates worldwide, with approximately 1.6 billion adults aged 18 and above being obese in 2016 (as reported by the World Health Organization), is a significant factor contributing to the demand for taste modulators in the food and beverage industries. This has enabled consumers to satisfy their flavor preferences without compromising their health. The implementation of sugar taxes in countries such as Thailand is encouraging consumers to opt for beverages with lower sugar content, thereby driving the demand for sweet modulators in these regions. To cater to the growing demand for flavored carbonated beverages among consumers of different demographics, food and beverage companies are increasingly focusing on developing product lines with reduced sugar and sodium content. This trend is fueling the growth of the taste modulator market in the end-user industries.

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