The Taste Modulators Market is projected to reach $2.50 billion by 2031, growing at a CAGR of 7.3% from 2024 to 2031. This growth is attributed to rising health awareness, increased demand for low-calorie products with maintained flavor, and the advantages of taste modulators. Market growth is constrained by stringent regulations and international standards.
Key growth opportunities include the rising demand for innovative beverages and the expanding functional foods sector. High R&D costs, however, remain a significant barrier.
DSM-Firmenich AG (Switzerland)
DSM-Firmenich AG, located in Kaiseraugst, Switzerland, is a key player in the taste modulators market through its Taste, Texture & Health segment. The company was formed from the 2023 merger of Firmenich International SA and Koninklijke DSM N.V. With operations in over 60 countries, DSM-Firmenich employs around 30,000 people.
International Flavors and Fragrances (U.S.)
Founded in 1958 and based in New York, International Flavors & Fragrances (IFF) provides taste modulators through its Nourish, Scent, Health & Biosciences, and Pharma Solutions segments. IFF operates globally with over 110 facilities, 33,000 customers, and 21,500 employees.
Archer-Daniels-Midland Company (U.S.)
Archer-Daniels-Midland Company (ADM), established in 1902 and headquartered in Illinois, is a major food processing and commodities trading firm. ADM’s operations cover Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and other segments. It provides taste modulators and operates with 41,802 employees worldwide.