Thaumatin Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

Report Code: FBR 86293 Report Format: PDF + Excel (Delivery in 48 Hrs)
Thaumatin Market Overview
Thaumatin Market size is estimated to reach $239.51 Million by 2025, growing at a CAGR of 5.99% during the forecast period 2020-2025. Thaumatin is a low-calorie sweetener and flavour modifier. The protein is often used primarily for its flavour-modifying properties and not only as a sweetener. The thaumatins were first found as a mixture of proteins isolated from katemfe fruit of West Africa. Thaumatin is mainly used in the production of chocolate, sweets, toffee and many confectionery products. It is also used for dairy and non-dairy products. It has been found to be applied in the pharmaceutical and functional food industries owing to its high sugar content. The global thaumatin market is driven by the rapid consumption of dairy and non-dairy products and increased health awareness among consumers around the world. 

Thaumatin Market Report Coverage
The report: “Thaumatin Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Thaumatin Market. 
By Type: Food Grade, Pharmaceutical Grade, and others.
By Application: Flavoring agent, Sweetener, and others.
By End User Industry: Cosmetics, Food & Beverage, Nutraceutical, Pharmaceutical, and others.
By Geography: North America, Asia-Pacific, Europe, and Rest of World.

Key Takeaways
  • Geographically, North America’s Thaumatin market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to owing to its high acceptance as a natural flavouring agent.
  • The increasing demand for Thaumatin in the food and beverage industry owing to rapid consumption of dairy and non-dairy products is the key factor estimated to support growth of the target market during the forecast period 2020-2025.
  • The concentrated cultivation of thaumatin only in Africa and lack of consistency among food regulations globally are anticipated to hamper the market growth.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Thaumatin Market report.

By Application - Segment Analysis
The global Thaumatin market is segmented on the basis of application into Flavoring agent, Sweetener, and others. The flavouring agent segment registers for the highest market share in 2019 and is set to continue for the forecast period 2020-2025 owing to its excellent flavour modification properties. Moreover, increasing acceptance of thaumatin as a sweetener in Asia Pacific and Europe have further fueled the segment growth.

By End User Industry - Segment Analysis
The global Thaumatin market based on application has Cosmetics, Food & Beverage, Nutraceutical, Pharmaceutical, and others. The food & beverage segment registers for highest market share in 2019 and is set to continue for the forecast period 2020-2025. The segment is set to emerge owing to the increasing use of thaumatin in flavored food products such as bread and palm wines. 

By Geography - Segment Analysis
The global Thaumatin Market by geography had the dominant share in Asia-Pacific in terms of revenue in 2019, owing to its high acceptance as a natural flavouring agent in coffee drinks, refreshing drinks, yogurts, chewing gum, jams, and jellies in the region. However, North America is estimated to outpace all the regions by clocking the highest CAGR during the forecast period 2020-2025 owing to the consumer awareness regarding ingredients used in the processing of food products in the region.

Drivers – Thaumatin Market
  • Rise in Demand
The global thaumatin market is driven by the rapid consumption of dairy and non-dairy products and increasing health awareness among consumers across the globe. The macroeconomic factors such as per capita income, emerging economy, changing lifestyles and rapid rate of urbanization which are driving the global thaumatin market. The mergers, acquisitions, and high investment in the food and beverage industry is estimated to stimulate the market growth during the forecast period 2020-2025. 

Challenges – Thaumatin Market
  • Lack of consistency
The restraining factors are concentrated cultivation of thaumatin only in Africa and the lack of consistency among food regulations globally. Moreover, in Europe and Asia-Pacific, thaumatin is classified as sweetener by the regulatory bodies, whereas FDA has permitted its use only as a flavor enhancer. However, the cost of extraction of thaumatin is high and limited availability of katemfe fruit are estimated to disrupt the market growth for the forecast period 2020-2025.

Thaumatin Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Thaumatin Market. Key companies of this market are Naturex Group, KF Specialty Ingredients Nutraceutical Group, Beneo-Palatinit GmbH, Neptune Bio-Innovations, Parchhem Fine & Specialty Chemicals, Natex, Penta International, Silver Fern Chemical, Synerzine, and TCI America.

Acquisitions/Product Launches:
  • In June 2020, Beneo has announced the expansion of its chicory root fibre and rice starch ingredient portfolio with two new organic solutions. The launch of the new additions, comprising the organic waxy rice starch, Remyline O AX DR, and organic.
  • In March 2019, Naturex announced the expansion of its range of coloring foods with a new extraction line for blue spirulina. This expansion of Naturex’s manufacturing capacity has been designed to meet the growing global demand for the clean label blues and greens.
1.Thaumatin Market - Overview
    1.1 Definitions and Scope
2.Thaumatin Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Type
    2.3 Key trends by Application
    2.4 Key trends by End User
    2.5 Key trends by Geography
3.Thaumatin Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4.Thaumatin Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5.Thaumatin Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6.Thaumatin - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7.Thaumatin Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8.Thaumatin Market – By Type (Market Size –$Million/$Billion)
    8.1 Food Grade
    8.2 Pharmaceutical Grade
    8.3 Others
9.Thaumatin Market – By Application (Market Size –$Million/$Billion)
    9.1 Flavoring agent
    9.2 Sweetener
    9.3 Others
10.Thaumatin Market – By End User (Market Size –$Million/$Billion)
    10.1 Cosmetics 
    10.2 Food & Beverage
    10.3 Nutraceutical
    10.4 Pharmaceutical
    10.5 Others
11.Thaumatin Market - By Geography (Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 Rest of the World
        11.4.1 Middle East
        11.4.2 Africa
        11.4.3 South America
12.Thaumatin Market - Entropy
13.Thaumatin Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Best Practices for Companies
14.Thaumatin Market – Key Company List by Country Premium Premium
15.Thaumatin Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

List of Tables

1 US Thaumatin Market Size 2018
2 Canada Thaumatin Market Share 2018
3 Brazil Thaumatin Market Outlook 2019 - 2023
4 Mexico Thaumatin Market Research 2018
5 Germany Thaumatin Market Trends 2019 - 2023 
6 France Thaumatin Market Growth 2019 - 2023 
7 UK Thaumatin Market Demand 2019 - 2023 
8 Italy Thaumatin Market Segmentation 2018
9 Russia Thaumatin Market Analysis 2019 - 2023
10 China Thaumatin Market Revenue 2019 - 2023
11 Japan Thaumatin Market Volume 2019 - 2023
12 South Korea Thaumatin Market Potential 2019 - 2023
13 India Thaumatin Market Leaders 2018
14 Saudi Arabia Thaumatin Market Forecast 2019 - 2023 
15 Kuwait Thaumatin Market Value 2018

List of Figures

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