The growing number of obese people in developed and major developing countries is expected to increase the prevalence of diabetes during the forest period, thereby driving the growth of the thaumatin market.

Thaumatin Market Overview

the Thaumatin Market Size is expected to reach $248.3 million by 2027. Moreover, it is expected to grow at a CAGR of 5.40% during the forecast period 2022-2027. Thaumatin is a low-calorie natural sweetener obtained from the katemfe fruit native to the tropical forests of West Africa. The fruit produces thaumatin when attacked by viroid pathogens and therefore falls under the category of pathogenesis-related (PR) proteins. Thaumatin, osmotin, and trypsin inhibitors are some of the common PR proteins found in plants. Thaumatin can crystallize rapidly when exposed to tartrate ions, making them ideal for conducting protein crystallization and folding studies. Defensive compounds such as thaumatin and triterpene saponins can be used in a wide range of food, beverage and medical applications. Robust growth of end-user industries such as food & beverage and pharmaceuticals during the COVID-19 pandemic are some of the key factors driving the demand for the thaumatin market during the forecast period 2022 -2027.

Thaumatin Segmentation Analysis – By Application

The thaumatin market based on application can be further segmented into flavoring agent, sweetener and others. The flavoring agents segment accounted for the largest share in 2021 and is expected to continue dominating the market during the forecast period 2022-2027. The rapid growth of the segment can be attributed to the increase in the consumption of confectionery products, snack foods, and various dairy and non-dairy beverages. Thaumatin is added to these products as a natural flavoring agent due to their low calorie content and minimal side effects.

However, the sweetener segment is expected to witness robust growth at a CAGR of 5.9% during the forecast period. Thaumatin is nearly 2,000 times sweeter than sucrose. This means that even small amounts of protein are enough to give the food or drink a high sweetness.

Thaumatin Market Segmentation Analysis – By End User

The thaumatin market based on end users can be further segmented into cosmetics, food & beverage, nutraceuticals, pharmaceuticals and others. The food and beverage segment held a dominant market share in 2021. The segment’s high market share can be attributed to the increasing use of thaumatin in food and beverages as a replacement for artificial sweeteners such as sucralose and saccharin. Moreover, the consumption of thaumatin does not produce any side effects for the consumer. This makes it the best additive choice for food and beverage manufacturers.

The pharmaceutical segment is expected to witness significant growth, growing at a CAGR of 6.1% over the forecast period 2022-2027. This is attributed to the increased consumption of nutritional and dietary supplements during the COVID-19 pandemic. Thaumatin is used as a natural additive in these supplements to remove any bitterness and add a sweet taste to the product.

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Thaumatin Market Segmentation Analysis – By Geography

The thaumatin market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America and Rest of the World. North America is estimated to hold the largest market share with 37% in 2021 and is expected to dominate the market during the forecast period 2022-2027. This can be attributed to the increasing prevalence of obesity and diabetes among the population in the United States and Canada. Thaumatin’s low calorie content coupled with its low blood sugar impact is increasing its use in several food and beverage products in North America.

The Asia-Pacific segment is expected to witness the fastest growth at a CAGR during the forecast period 2022-2027 owing to increasing consumer awareness levels and disposable income in emerging economies such as China and India. Additionally, growing demand for organic and natural ingredients in food products further contributes to the growing demand for thaumatin in the region.

Thaumatin Market Drivers

The rising prevalence of diabetes has easily contributed to the growth of the market.

The rapid increase in the prevalence of diabetes is driving the thaumatin market because unlike synthetic food additives and sweeteners, thaumatin does not have a severe impact on blood sugar levels. This makes them safe for consumption even if the consumer is diabetic. According to the World Health Organization, approximately 422 million people suffer from diabetes worldwide. In addition, at least 1.5 million deaths occur each year due to diabetes. About 10% of the American population suffers from the disease while almost 33% suffer from prediabetes. Rising number of people suffering from obesity in developed countries and major developing countries is expected to increase the prevalence of diabetes during the forest period, further driving the growth of the market.

Side effects associated with synthetic additives are driving the market.

The large number of side effects associated with the consumption of synthetic sweeteners and additives is driving the thaumatin market as it has little or no adverse effects on the end user. Artificial sweeteners such as saccharin, aspartame and sucralose can cause a wide range of adverse effects. They can include headaches, depression, increased risk of cancer, and weight gain due to increased appetite. Additionally, artificial sweeteners can alter the composition of bacteria in the gut, leading to digestive issues for the consumer. The growing awareness of these risks posed by artificial additives is leading to the adoption of thaumatin, as they have been widely used by humans for centuries and no major side effects have been recorded.

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Thaumatin Market Challenges

Low production and supply chain issues are the major factors hampering the growth of the market.

The production of Thaumatin is low compared to the demand because the majority of katemfe plantations are located in West Africa. Moreover, the cost of extracting thaumatin from the fruit is also high. Furthermore, due to the absence of capital-intensive processes in agriculture in West Africa, productivity is also greatly affected. The COVID-19 pandemic and subsequent restrictions have hampered growth opportunities due to supply chain disruption. Increased border controls, customs regulations and longer waiting times are hampering the distribution of thaumatin and raw katemfe fruit from West Africa to other parts of the world.

Thaumatin Market Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographic expansions are key strategies adopted by market players. Thaumatin’s top 10 companies include:

NATUREX Group

KF Specialty Ingredients Nutraceutical Group

Beneo-Palatinit GmbH

Neptune Bio-Innovations

Parchhem Fine and Specialty Chemicals

Natex

Penta International

silver fern chemical

Synerzine

TCI America

RECENT DEVELOPMENTS

In June 2020, Beneo announced the expansion of its ingredient portfolio based on chicory root fibers and rice starch with two organic solutions. The new organic waxy rice starch and organic chicory root fiber should strengthen Beneo’s in the natural space. In March 2019, Naturex announced the expansion of its food coloring range with the launch of a new line of blue spirulina extraction. The new extraction line is expected to triple the production of blue spirulina to meet the growing global demand for this product.

Key points to remember

Geographically, the North American segment held a dominant market share in 2021. This can be attributed to the growing popularity and adoption of natural food ingredients in the United States and Canada. Moreover, Asia-Pacific segment is also expected to witness lucrative growth during the forecast period owing to increasing levels of health consciousness and disposable income in emerging economies such as India, China and Vietnam.

The rapid global rise in the prevalence of type 1 and type 2 diabetes is expected to play a major role in driving the thaumatin market over the forecast period. However, since the katemfe fruit is mainly grown only in West Africa, the supply of the product is extremely limited. Additionally, the disruption of supply chain networks due to the COVID-19 pandemic and related restrictions further hampers growth opportunities.

A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Thaumatin market report.

Relevant titles

Food Additives Market – Forecast (2022 – 2027)

https://www.industryarc.com/Research/Food-Additives-Market-Research-508107

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