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The taste modulators market size is forecast to increase by USD 899.6 million, at a CAGR of 10.03% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. The increasing preference for healthier food options, such as reduced salt and fat, is leading to the increased demand for taste modulators in food and beverage production. In particular, the beverages segment, including sports drinks and energy drinks, is seeing a rise in demand for taste modulators that enable the reduction of sugar while maintaining desirable flavors. Urbanization and the resulting rise in disposable income are also contributing to the market's growth, as consumers seek out convenient and tasty options for their daily nutritional needs. Sweet taste modulators continue to dominate the market, but other taste modulators, such as umami and bitter modulators, are gaining popularity as consumers seek out more complex and nuanced flavors. The market is expected to continue growing due to these trends and the increasing regulatory focus on food safety and labeling requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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