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The Taste Modulators Market is projected to reach $2.50 billion by 2031, at a CAGR of 7.3% from 2024 to 2031. Market growth is fueled by heightened consumer health awareness, rising demand for low-calorie products that maintain flavor, and the benefits provided by taste modulators. Nonetheless, stringent regulations and international standards are constraining market growth.
Furthermore, the increasing demand for innovative beverages and the expanding functional foods industry are expected to offer market growth opportunities. However, high R&D costs are a major challenge impacting the growth of the taste modulators market.
Here are the top 10 companies operating in the Taste Modulators Market
DSM-Firmenich AG (Switzerland)
Headquartered in Kaiseraugst, Switzerland, DSM-Firmenich is engaged in the nutrition, health, and beauty industry. The company operates through four business segments: Perfumery & Beauty; Taste, Texture & Health; Health, Nutrition & Care; and Animal Nutrition & Health. Through its Taste, Texture & Health business segment, the company provides taste modulators. In May 2023, Firmenich International SA (Switzerland) completed its merger with Koninklijke DSM N.V. (Netherlands) to establish DSM-Firmenich AG (Switzerland).
With its subsidiaries and a strong distribution network in more than 60 countries, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of 2023, the company had a headcount of approximately 30,000 employees globally.
International Flavors and Fragrances
Founded in 1958 and headquartered in New York, U.S., International Flavors & Fragrances is engaged in producing, manufacturing, and supplying flavors, fragrances, and cosmetic actives to the food & beverage, personal care, and household products industries. The company operates through four business segments: Nourish, Scent, Health & Biosciences, and Pharma Solutions. The company provides taste modulators to help food manufacturers enhance the sweetness, reduce salt, enrich umami, block bitterness, mask off-notes, and augment the mouthfeel for their food & beverage products.
With more than 110 manufacturing facilities, 100 R&D centers, and 33,000 customers worldwide, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2023, the company had a headcount of 21,500 employees globally.
Archer-Daniels-Midland Company (U.S.)
Founded in 1902 and headquartered in Illinois, U.S., Archer-Daniels-Midland Company (ADM) is a global food processing and commodities trading company. The company’s operations are organized, managed, and classified into four reportable business segments: Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and other businesses. The company offers a wide range of ingredients and solutions, including plant-based proteins, taste modulators, natural flavors, and flavor systems, among others.
The company’s global supply chain includes approximately 450 crop procurement locations, over 330 ingredient manufacturing facilities, and 62 innovation centers. With its subsidiaries and strong distribution network in more than 190 countries, the company has a geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2023, the company had a headcount of 41,802 employees globally.
Founded in 1972 and headquartered in Tralee, Ireland, Kerry Group is engaged in the R&D and manufacture of functional ingredients and actives for the food, beverage, and pharmaceutical industries. The company operates across two business segments: Taste & Nutrition and Consumer Foods. Kerry Group provides taste modulators under its Taste & Nutrition business segment.
The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2023, the company had a headcount of more than 23,000 employees globally.
Ingredion Incorporated
Founded in 1906 and headquartered in Illinois, U.S., Ingredion manufactures and supplies ingredient solutions across multiple industries. In June 2012, Ingredion Incorporated, formerly known as Corn Products International, Inc., revised its name.
The company offers its products through five business segments: Food, Animal Nutrition, Beverage, Brewing, and Other. It offers taste modulators for various food & beverage products, including dairy, bakery, fruit juice, beer, wine, and savory.
With its subsidiaries and strong distribution network, the company has a geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2023, the company had a headcount of 11,600 employees globally.
Meticulous Research in its latest publication on Taste Modulators Market has predicted the growth of 7.3% during the forecast year 2024-2031.
Founded in 1895 and headquartered in Vernier, Switzerland, Givaudan is a distributor and manufacturer of flavors, fragrances, and active cosmetic ingredients. The company operates in two business segments: Taste & Wellbeing and Fragrance & Beauty. Through its Taste & Wellbeing business segment, Givaudan offers taste modulator products, including salt reduction, fat reduction, and sugar reduction solutions.
With its subsidiaries and strong distribution network in more than 52 countries, the company has a strong geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2023, the company had a headcount of 16,263 employees globally.
Symrise AG
Founded in 1874 and headquartered in Holzminden, Germany, Symrise AG develops, produces, and sells fragrances, flavorings, and cosmetic ingredients. The company operates through two business segments: Taste, Nutrition & Health, and Scent & Care. Through its Taste, Nutrition & Health business segment, the company provides taste modulators.
The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2023, the company had a headcount of 12,435 employees globally.
Incorporated in 1882 and headquartered in Wisconsin, U.S., Sensient Technologies is a manufacturer and marketer of colors, flavors, and other specialty ingredients. The company employs advanced technologies to develop specialty food & beverage systems, personal care, essential oils, pharmaceutical and nutraceutical systems, specialty colors, and other specialty and fine chemicals. The company operates through three business segments: Flavors & Extracts, Color, and Asia Pacific. Through its Flavors & Extracts business segment, Sensient Technologies offers taste modulators.
The company has a global presence spanning North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2023, the company employed 3,956 people worldwide.
Tate & Lyle PLC (U.K.)
Founded in 1882 and headquartered in London, U.K., Tate & Lyle provides ingredients and solutions for food & beverages and other industries. The company operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products Europe. The company offers taste modulators through its Food & Beverage Solutions segment. This segment offers a diverse range of products to industries, such as beverages, dairy, bakery & snacks, soups, sauces & dressings, confectionery, personal care, and animal feed.
With its subsidiaries and strong distribution network in more than 120 countries, the company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of March 2024, the company had a headcount of 3,318 employees globally.
Founded in 1928 and headquartered in California, U.S., The Flavor Factory produces flavor samples for developing new flavors. The company operates in various industries, such as bakery, nutraceuticals, popcorn, confectionery, dairy, syrups, pharmaceuticals, and specialty items. Through its specialty items segment, it provides services in the taste modulators market and operates primarily in North America.
Popular Mentions: Carmi Flavor & Fragrance Co., Inc. (U.S.), Corbion N.V. (Netherlands), Flavorchem Corporation (U.S.), Icon Foods (U.S.), and Synergy Flavors, Inc. (U.S.).
Authoritative Research on the Taste Modulators Market – Global Opportunity Analysis and Industry Forecast (2024-2031)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
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