The global Taste Masking and Taste Assessment Services and Technologies market size is expected to reach USD 138.4 billion by 2030, according to a new study by Polaris Market Research. The report “Taste Masking and Taste Assessment Services and Technologies Market Share, Size, Trends, Industry Analysis Report, By Formulation Type (Solids and Liquids); By Technique Type; By Scale of Operation; By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The development of palatable, pleasant-tasting drug formulations and a wide range of procedures for different drug dosage forms intended for children & elderly patients is favoring the market growth. The businesses are focusing on the development of taste masking-based oral medicines which could be helpful for elder patients.
Further, in October 2020, Evonik introduced a new readymade powder concentrates blend of its EUDRAGIT polymers used for oral products. It is quick and simple to process, with a high-gloss coating that produces an appealing optical aspect and exceptional swallowability results. Pharmaceutical businesses are now given an immediate and alluring option to improve the processability, look, taste, and swallowability of medicinal products with a rapid-release profile due to the availability of such products.
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The development of a universal inhibitor of all bitter-tasting compounds that do not influence other taste modalities including sweetness or saltiness would be the best way to lessen or inhibit bitterness. Thus, the demand for different flavored taste medicines is driving the need for taste masking which is boosting the market growth.
Additionally, the pharmaceutical industry has been able to offer commercial products that have greater patient acceptability and compliance, particularly with pediatric and geriatric inhabitants; along with increased convenience for patients, due to advancements in taste-masking technologies over the past few years. To enhance their product portfolios for oral dosage forms, more businesses are relying on taste-masking expertise.
Taste Masking and Taste Assessment Services and Technologies Market Report Highlights
- Liquid formulation segment is anticipated to grow significantly over the forecast period owing to its benefits for patients who have trouble swallowing solid oral dosages.
- The inclusion complexation segment accounted for a considerable share of the global revenue share. To lessen the perception of bitter taste, the complexing agent can either reduce the oral solubility of the medicine after consumption
- Asia-Pacific is expected to grow at a significant rate over the projected period due to the rising need for taste masking technology for reducing the bitterness of medicines.
- The global players include Aavis Pharmaceuticals, Adare Pharmaceutical, Allergen, Capsugel., DuPont, Emerald Health Pharmaceutical Corp., Gattefosse, Pfizer Inc., SPI Pharma, and Vertex Pharmaceuticals.
Polaris Market Research has segmented the Taste Masking and Taste Assessment Services and Technologies market report based on formulation type, technique type, scale of operation, and region:
Taste Masking and Taste Assessment Services and Technologies, Formulation Type Outlook (Revenue – USD Billion, 2018 – 2030)
Taste Masking and Taste Assessment Services and Technologies, Technique Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Organoleptic Method
- Hot Melt Extrusion
- Inclusion Complexation
- Spray Drying
Taste Masking and Taste Assessment Services and Technologies, Scale of Operation Outlook (Revenue – USD Billion, 2018 – 2030)
- Preclinical / Clinical
Taste Masking and Taste Assessment Services and Technologies, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa