Thaumatin Market Overview
The Thaumatin market size is estimated to reach $248.3 million by 2027. Furthermore, it is poised to grow at a CAGR of 5.40% over the forecast period of 2022-2027. Thaumatin is a low-calorie natural sweetener obtained from the katemfe fruit that are native to West African rainforests. The fruit produces thaumatin when they are attacked by viroid pathogens and therefore, they fall 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 protein folding studies. Defensive compounds such as thaumatin and triterpene saponins can be used in a wide range of food, beverage, and medical applications. The robust growth in the end-user industries such as food and 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 the application can be further segmented into Flavouring agent, Sweetener, and others. The flavoring agent segment accounted for the largest share in 2021 and is poised to continue dominating the market during the forecast period 2022-2027. The rapid growth of the segment can be attributed to the rise in consumption of confectionery products, snack foods, and various dairy and non-dairy beverage products. Thaumatin is added to such products as a natural flavoring agent owing to their low calorie and minimal side effects.
However, the sweetener segment is projected 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 quantities of protein are enough to provide the food or beverage product with high levels of sweetness.
Thaumatin Market Segmentation Analysis- By End User
The Thaumatin market based on end-users can be further segmented into Cosmetics, Food and Beverage, Nutraceutical, Pharmaceutical, and others. The food and beverage segment held a dominant market share in the year 2021. The high market share of the segment can be attributed to the growing use of thaumatin in food and beverage as a replacement for artificial sweeteners such as sucralose and saccharin. Moreover, consumption of thaumatin does not produce any side-effects for the consumer. This makes them the superior additive choice for food and beverage manufacturers.
The pharmaceutical segment estimated to witness significant growth, with a CAGR of 6.1% over the forecast period of 2022-2027. This is attributed to the rise in consumption of nutritional and dietary supplements during the COVID-19 pandemic. Thaumatin is used as a natural additive in such supplements to suppress 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 the rest of the World. North America is estimated to have the largest share of the market with 37% in 2021 and is predicted to dominate the market during the forecast period 2022-2027. This can be attributed to the rising prevalence of obesity and diabetes among the population in the US and Canada. Thaumatin’s low calorie coupled with its low impact on blood sugar levels is increasing its use in several food and beverage products in North America.
The Asia Pacific segment is projected to grow the fastest at a CAGR during the forecast period 2022-2027 owing to the rising awareness levels and disposable income of consumers in emerging economies such as China and India. Besides, the growth in demand for organic and natural ingredients in food products is further contributing to the rising demand for thaumatin in the region.
Thaumatin Market Drivers
Rising prevalence of diabetes have readily aided the market growth.
The rapid rise in the prevalence of diabetes is driving the market for thaumatin as unlike synthetic food additives and sweeteners, thaumatin does not have a severe impact on blood glucose levels. This makes them safe for consumption even if the consumer is diabetic. According to the World Health Organization, an estimated 422 million people suffer from diabetes worldwide. Moreover, at least 1.5 million deaths occur annually owing to diabetes. Approximately 10% of the US population have the disease while nearly 33% have prediabetes. The growing number of people suffering from obesity in developed and major developing countries is projected to increase the prevalence of diabetes during the forest period, thereby further driving the market growth.
The side effects associated with synthetic additives is driving the market.
The large number of side effects associated with the consumption of synthetic sweeteners and additives is driving the market for thaumatin as it has little or no adverse effects on the end user. Artificial sweeteners such as saccharine, aspartame and sucralose can cause a wide range of adverse effects. They may include headaches, depression, increased risk of cancer, and weight gain owing to an increase in appetite. In addition, artificial sweeteners can alter the composition of bacteria in the gut, thereby resulting in digestive issues for the consumer. The growing awareness regarding such risks posed by artificial additives is driving the adoption of thaumatin as they have been used extensively 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 major factors impeding market growth.
The production of Thaumatin is low when compared to the demand owing to the fact that the majority of the katemfe plantations are located in West Africa. In addition, the cost of extracting thaumatin from the fruit is also high. Furthermore, owing to the lack of capital-intensive processes in the field of agriculture in West Africa, productivity is also significantly affected. The COVID-19 pandemic and subsequent restrictions have hampered growth opportunities owing to the disruption of the supply chain. The increased border controls, customs regulations, and longer waiting periods 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 geographical expansions are key strategies adopted by players in the Market. Thaumatin top 10 companies include:
KF Specialty Ingredients Nutraceutical Group
Parchhem Fine & Specialty Chemicals
Silver Fern Chemical
In June 2020, Beneo announced the expansion of their chicory root fibre and rice starch ingredient portfolio with two organic solutions. The new organic waxy rice starch and organic chicory root fiber are expected to strengthen Beneo’s in the natural space.In March 2019, Naturex announced the expansion of their food colouring range with the launch of a new extraction line for blue spirulina. The new extraction line is projected to increase the production of blue spirulina by three times in order to meet the growing global demand for the product.
Geographically, the North American segment held a dominant market share in the year 2021. This can be attributed to the rising popularity and adoption of natural food ingredients in the US and Canada. Additionally, the Asia Pacific segment is also expected to witness lucrative growth during the forecast period owing to the rising levels of health consciousness and disposable income in emerging economies such as India, China, and Vietnam.
The Rapid global rise in prevalence of type 1 and type 2 diabetes is anticipated to play a major role in driving the market for thaumatin during the forecast period. However, as the katemfe fruit is predominantly cultivated only in West Africa, the supply of the product is extremely limited. In addition, the disruption of supply chain networks owing to the COVID-19 pandemic and subsequent restrictions is further hampering growth opportunities.
A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Thaumatin Market Report.
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