According to a new report, published by KBV research, The Global Taste Modulators Market size is expected to reach $2 billion by 2028, rising at a market growth of 7.0% CAGR during the forecast period.
The Sweet Modulators market is leading the segment in the Global Taste Modulators Market by Type in 2021; thereby, achieving a market value of $1.2 billion by 2028. As a result of the growing awareness among consumers regarding a variety of ailments, including diabetes and obesity, consumers are placing a greater emphasis on the consumption of healthy food and beverage products that are low in calories.
The Pharmaceuticals market is exhibiting a CAGR of 7.7% during (2022 - 2028). In recent years, the pharmaceutical industry has become increasingly interested in the use of taste modulations as a means of developing improved products and tackling growing health-related concerns. When it comes to patient groups like paediatrics and geriatrics, the most difficult challenge often involves the oral administration of medications that have a bitter taste.
The North America market dominated the Global Taste Modulators Market by Region in 2021; thereby, achieving a market value of $666.6 million by 2028. The Europe market is poised to grow at a CAGR of 6.7% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 7.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/taste-modulators-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Kerry Group PLC, Carbery Food Ingredients Limited, Ingredion Incorporated, Sensient Technologies Corporation, Symrise AG, Archer Daniels Midland Company, Apura Ingredients, Inc., Cargill, Corporation, Flavorchem corporation and Angel Yeast Co., Ltd.
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