Thaumatin is a type of natural protein and low-calorie flavoring that can be extracted from the fruits catacombshrubs. It is a low-calorie sweetener that is obtained from Katemfe fruit, which is indigenous to West Africa. It is very steady and soluble in water under high temperature and acidic state. The small amount of protein obtained in the thaumatin family is approx-2000 times sweeter than sugar. Thaumatin is currently utilized in non-dairy and dairy products.
MARKET DYNAMICS
Rapid consumption of non-dairy and dairy items, raising per capita income, rapid urbanization, an increase in living standards, emerging economies, and rising health awareness are the major factors driving the growth of the global thaumatin market during the forecast period. Further, rising investment in food & beverage verticals, growing usage of confectionary items, and merger and acquisition are accelerating the growth of the market. Additionally, increasing the application of thaumatin in various industries such as pharmaceuticals, food & beverages, and cosmetic are further accelerating the demand of the thaumatin in the upcoming years. Thaumatin is mostly utilized in the production of chocolates, candy, and other confectionery items and helps to enhance the taste of particular food by decreasing bitterness and acidity. It is widely used in the functional food and pharmaceutical verticals owing to its high sugar content. This is considerably helping the extension of the thaumatin market.
MARKET SCOPE
The "Global Thaumatin Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the thaumatin market with detailed market segmentation by product type, application, end user and geography. The global thaumatin market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading thaumatin market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global thaumatin market is segmented on the basis of product type, application, and end user. On the basis of product type the global thaumatin market is segmented into pharmaceutical grade, food grade, and others. By application the thaumatin market is classified into sweetner, flavoring agent, and others. Based on end user the global thaumatin market is segmented into food and beverage, nutraceutical, pharmaceutical, cosmetics, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global thaumatin market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The thaumatin market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the thaumatin market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the thaumatin market in these regions.
MARKET PLAYERS
The reports cover key developments in the thaumatin market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from thaumatin market are anticipated to lucrative growth opportunities in the future with the rising demand for thaumatin in the global market. Below mentioned is the list of few companies engaged in the thaumatin market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the thaumatin market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Naturex
- KF Specialty Ingredients Nutraceutical Group
- Beneo Palatinit GmbH
- Natex
- Neptune Bio-Innovations
- Parchem Fine & Specialty Chemicals
- Others
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.