The taste masking market is anticipated to grow at a steady pace till 2035
Driven by the growing need to enhance palatability of oral drugs and drug adherence among pediatric and geriatric population, the demand for novel and advanced taste masking and taste assessment technologies is expected to rise in the coming years.
Roots Analysis has announced the addition of “Taste masking and Taste Assessment Services and Technologies Market, 2022-2035” report to its list of offerings.
The inherent expertise of CMOs and CDMOs in taste masking and taste assessment of bitter drug formulations, along with capabilities to identify globally accepted tastes, develop flavor matching placebo formulations (for testing) having compliance with stringent regulatory guidelines and good clinical practices (GCPs) and proprietary technologies offering significant cost-benefits, have rendered outsourcing as a crucial aspect of taste masked formulation development and production.
Key Market Insights
Presently, 50 companies claim to offer taste masking and taste assessment services for oral drug formulations
Majority (40%, each) of the service providers are based in North America and Europe, followed by companies headquartered in Asia-Pacific (18%). A large proportion (34%) of these companies are large players, followed by small (31%) and mid-sized firms (27%).
Close to 30 technology platforms have been developed for taste masking and taste assessment of oral drug formulations
Majority (68%) of the technology platforms are used for taste masking and taste assessment of solid oral formulations (tablets, capsules, granules and powder), followed by liquid (10%) oral formulations (suspensions, syrups and solutions).
Partnership activity in this field has grown significantly between 2018 and 2021
The maximum number of partnerships were established in 2021 indicating a recent rise in the interest of players engaged in the field of taste masking and taste assessment. It is worth highlighting that majority of the agreements were related to acquisition, representing 46% of the total number of partnerships signed. This is followed by agreements signed for manufacturing of oral drug formulation (13%).
More than 460 patents have been filed / granted for taste masking and taste assessment techniques and technologies, since 2017
Close to 60% of the patent applications have been filed by various industry and non-industry players in this domain post 2018. It is worth noting that, around 75% of the patents were filed / granted in the US, followed by European Patent Office (25%).
North America is anticipated to capture larger share of the market by 2035
The taste masking market is likely to be driven by technology platforms that employ coating techniques. Further, solid formulations are likely to hold greater market share.
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The report features inputs from eminent industry stakeholders, who were very optimistic concerning the need of outsourcing of taste masking and taste assessment services in the coming decade. The report includes detailed transcripts of the discussions held with the following industry experts:
Phillipe Tschopp (Head of Business Development, Glatt Pharmaceutical Services)
David Tisi (Director of Technical Operations, Senopsys)
Brandon Keener (Business Development Associate, Adare Pharma Solutions)
For additional details, please visit https://www.rootsanalysis.com/reports/taste-masking-services-market.html or email email@example.com
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