Thaumatin Market Size Segment by Pharmaceutical Industry, Cosmetics, Nutraceutical Forecasted by FMI

Thaumatin is a natural protein and low-calorie flavoring agent physically isolated from berries from a shrub the Katemfe Fruit (Thaumatococcus daniellii). Few proteins from Thaumatin sweeteners family are approximately 2000 times sweeter than sugar. Thaumatin is highly stable to heating, water-soluble and stable under acidic conditions. Thaumatin was firstly discovered by the university of lfe, Nigeria. In recent years, Thaumatin has been widely used in dairy and non-dairy products.

In confectionary products, Thaumatin is widely used for hard candied, chocolates and gummies to prolong and improve flavors especially mint, berry, and citrus. Thaumatin provides a sugar kind of taste in combination with polyols and some high-intensity sweeteners and reduces the salt level in savory products. Thaumatin masks astringency and reduces sour flavors or bitterness from low-fat yogurt and soya based desert.

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The berries are significantly used as a flavor enhancer for centuries wherein some other areas the leaves and stalks are used, and berries are considered as waste. The process of extraction of Thaumatin from fruit is quite expensive so, lots of companies tried to use recombinant DNA technology on the gene which is accountable to produce Thaumatin protein.

Thaumatin Market: Drivers and Restraints

The key driving factors of Thaumatin market are rapid consumption of dairy and non-dairy products and increasing health awareness among consumers across the globe. The macroeconomics factors such as per capita income, emerging economy, changing lifestyle and rapid rate of urbanization which are driving the global Thaumatin market.

Another major driving factors of global Thaumatin market are mergers and acquisition among the Thaumatin market players and high investment in food & beverages industry. The market players operate in Thaumatin market can capture high market share by doing forward integration and through the merger with domestic players. The key restraining factor of Thaumatin market is limited availability zone, mostly in West Africa.

Thaumatin Market: Segmentation Overview

Thaumatin market segmentation is done by the end-use industry includes the pharmaceutical industry, cosmetics, nutraceutical, food and beverages industry and others. Among above-mentioned industry, Food and Beverage account highest market share in global Thaumatin market and is estimated to witness a positive growth over the forecast year.

Another segmentation of global Thaumatin market is done based on application types such as flavoring agent, sweetener, and others.

Thaumatin Market: Regional Outlook

By the geographies, the global Thaumatin market is segmented into seven regions including Latin America, North America, Japan, Middle East & Africa, WesternEurope, Eastern Europe and Asia-Pacific except Japan. Among the regions, North America is expected to dominate the global Thaumatin market with relatively high growth rate, owing to high demand for food and beverages products. Western Europe is projected to expand at a high growth rate in Thaumatin market followed by North America, attributed to strong health consciousness among consumers across the regions.

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Thaumatin is widely harvested from the West African forest. Asia-Pacific accounts for relatively high volume share and is expected to expand at the significant growth rate in global Thaumatin market, owing to rapidly growing the population, changing the lifestyle of consumers and rapid rate of urbanization across the region.

Few prominent market player of Thaumatin market as follow:-

  • Naturex
  • Beneo Palatinit GmbH
  • Natex
  • KF Specialty Ingredients Nutraceutical Group
  • Neptune Bio-Innovations

The global woodworking machines market is highly fragmented due to the presence of large number of regional and global players. Regional players choose quality service and competitive pricing as their winning strategy over global players. In response to this, global players are largely involved in merger & acquisition and partnership activities in order to enhance their profitability margin and market share.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil and Rest of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
  • Eastern Europe (Poland, Russia and Rest of Eastern Europe)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, and Rest of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Thaumatin Market: Segmentation

Thaumatin market can be segmented based on end-use industry type, application type and region type globally.

Thaumatin market can be segmented based on end-use industry type as follows:-

  • Pharmaceutical
  • Nutraceutical
  • Cosmetics
  • Food & Beverage
  • Others

Thaumatin market can be segmented based on application type as follows:-

  • Flavoring agent
  • Sweetener
  • others

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5 years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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