The Taste Masking And Taste Assessment Services And Technologies by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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Market:
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According to The Business Research Company’s Taste Masking And Taste Assessment
Services And Technologies, The taste masking and taste assessment services and
technologies market size has grown strongly in recent years. It will grow from
$80.8 billion in 2023 to $87.44 billion in 2024 at a compound annual growth
rate (CAGR) of 8.2%. The growth in the historic period can be
attributed to pharmaceutical advancements, consumer preferences, rise in
nutraceuticals, patient adherence and compliance, regulatory compliance..
The taste masking and taste assessment services and technologies market size is
expected to see strong growth in the next few years. It will grow to $118.44
billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be
attributed to pediatric medication demand, pediatric medication demand, rising
chronic disease treatments, consumer-centric approach, drug delivery
innovations.. Major trends in the forecast period include globalization of
taste preferences, sensory evaluation advances, consumer demand for palatable
supplements, personalized taste-masking solutions, natural flavor enhancement..
The growing interest in combination therapy is expected to propel the growth of
the taste masking and taste assessment services and technologies market going
forward. Combination therapy refers to a medical approach where two or more
treatments or drugs are used together simultaneously or sequentially to achieve
a better therapeutic outcome than using each treatment alone. Taste masking and
taste assessment services and technologies play a crucial role in improving
patient compliance and acceptance, especially for combination therapies, by
masking the bitter or unpleasant taste of active pharmaceutical ingredients
(APIs) or drugs. For instance, according to the National Center for
Biotechnology Information, a US-based National Library of Medicine, as of May
2022, the Food and Drug Administration (FDA), a US-based federal agency of the
Department of Health and Human Services has approved 35 immunotherapy-based
combination therapies. Therefore, the growing interest in combination therapy
is driving the growth of the taste masking and taste assessment services and
technologies market.
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The taste masking and taste assessment services and technologies market covered
in this report is segmented –
1) By Formulation: Solids, Liquids
2) By Technique: Coating, Microencapsulation, Organoleptic Method, Hot Melt
Extrusion, Inclusion Complexation, Spray Drying, Other Techniques
3) By Scale Of Operation: Preclinical Or Clinical, Commercial
4) By End-User: Pharmaceuticals, Nutraceuticals, Contract Manufacturing
Organizations
Technological advancements are a key trend gaining popularity in the taste
masking and taste assessment services and technologies market. Major companies
operating in the taste masking and taste assessment services and technologies
market are focusing on developing new methods and technologies to mask the
bitter taste of active pharmaceutical ingredients (APIs). For instance, in
October 2022, SPI Pharma, a US-based pharmaceutical company, launched Actimask,
a new taste masking technology that involves the production of a thin
(micron-sized), uniform, smooth hydrogel coating encapsulating API particles.
Actimask® technology uses gelatin as a hydrophilic polymer in the aqueous
coacervation process to create a thin coating over API particles, which offers
a pleasant mouthfeel without affecting API release or therapeutic effects. This
technology provides a slick and smooth hydrogel layer, allowing for easy
formulation and processing, as well as a satisfying patient experience.
The taste masking and taste assessment services and technologies market report
table of contents includes:
1. Executive Summary
2. Taste
Masking And Taste Assessment Services And Technologies Market Characteristics
3. Taste
Masking And Taste Assessment Services And Technologies Market Trends And
Strategies
4. Taste
Masking And Taste Assessment Services And Technologies Market - Macro Economic
Scenario
5. Global
Taste Masking And Taste Assessment Services And Technologies Market Size and
Growth
.
31. Global Taste Masking And Taste Assessment Services And Technologies Market
Competitive Benchmarking
32. Global
Taste Masking And Taste Assessment Services And Technologies Market Competitive
Dashboard
33. Key
Mergers And Acquisitions In The Taste Masking And Taste Assessment Services And
Technologies Market
34. Taste
Masking And Taste Assessment Services And Technologies Market Future Outlook
and Potential Analysis
35.
Appendix
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