The Global Thaumatin Market was worth USD 34.2 million in 2016, and is expected to grow at a CAGR of 2.9%, to reach USD 39.4 million by 2021.
Thaumatin is a protein which is extracted from Katemfe fruit. The fruit is abundantly available in West African rain forest zone.
It has been used as a sweetener in cooking and as an alternative to sugar for many years. The fact that it contains only 4 calories per gram despite being thousands of times sweeter than sucrose makes it a great alternate for table sugar in sugar treats.
There are no toxicity issues reported regarding the use of thaumatin. It is digested by the body like it does in the case of any other protein.
The unique property of thaumatin is that its sweetness builds very slowly on the taste buds and the perception lasts a long time. It is also very easy to handle as it is water soluble and stable to heating.
Rising demand for natural and low calorie sweeteners in food & beverage industries, increase in people with disposable incomes and increase in emphasis towards healthier life styles are expected to drive the thaumatin market. Research activities involving gene modification to produce thaumatin protein will propel the market.
However, Katemfe fruit being limited to West Africa only and high cost of extraction are hindering the market growth.
The Thaumatin Market is categorized based on the product type, application, end user and region. Based on product type, the market is categorized into pharmaceutical grade, food grade and others.
Food grade is expected to hold the largest market share due to the high usage rate of thaumatin in food & beverage industry. Based on application, the market is categorized into Sweetener, Flavoring agent and others.
Thaumatin is majorly used as a sweetener due to its high sweet intensity combined with its unique sweetness property. Based on end users, the market is segmented into Pharmaceuticals, Food and Beverages, Cosmetics, Nutraceuticals and others.
Food and beverage industry contributes majorly to the market share due to its high demand in making low calorie sugar treats as well as bakery and confectionary products.
Based on geography, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America leads the Thaumatin market due to the high demand for food and beverage products.
Asia Pacific is expected to be the fastest growing segment due to the rapidly increasing population and changing life styles of people.
Some of the major players in this region are Naturex Group, KF Specialty Ingredients Nutraceutical Group, Beneo-Palatinit GmbH, Neptune Bio-Innovations, Parchem Fine & Specialty Chemicals, and Natex.
Category: Market Research Publishers and RetailersCompany about: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. A few key business areas that we handle with excellence include business process improvement, corporate financing and decision making based on market research, assisting in developing appropriate strategy and providing consultancy based on extens ...
For more information:Make an Inquiry about this report HERE!