Rising Consumption of Dairy and Non-dairy Products and Growing Disposable Income is Accelerating Global Thaumatin Market Growth Rapidly

 

Thaumatin is an advanced polymeric material that comprises polysaccharides having the characteristic of insoluble proteins. Thaumatin can be seen to have a molecular weight of 7.5 gm, which is much less than protein-based materials like Myoglobin and egg white protein. Thaumatin has been extensively used in the pharmaceutical, cosmetic product industries as an ingredient in various formulations for skincare, hair care, and dentistry. Thaumatin is also used as a low-calorie sweetener and flavor modifier.

Increasing consumption of dairy and non-dairy products is expected to drive growth of the global Thaumatin market during the forecast period. The consumption of both dairy and non-dairy products has been on a rise in both developed and emerging economies, owing to growing urbanization and population. According to the Indian Council of Food and Agriculture (ICFA), dairy product consumption in India reached 115.42 million tons in 2019, increasing from 100.32 million tons in 2015. Thaumatin is widely used in both dairy and non-dairy products as a low-calorie sweetener and flavor modifier. It has flavor-modifying properties and hence it can be used in a variety of products and not exclusively as a sweetener. Thus, these factors are expected to drive growth of the global Thaumatin market during the forecast period. Furthermore, increasing disposable income and changing lifestyle is expected to boost the global Thaumatin market growth over the forecast period. According to the Organisation for Economic Co-operation and Development (OECD), the gross disposable income of Germany reached around US$ 43,904 per capita in 2019, increasing from US$ 35,492 per capita in 2015.

However, the limited availability of the product, especially in West Africa, and the concentrated cultivation of thaumatin is expected to restrain growth of the global Thaumatin market during the forecast period. Among regions, North America is expected to witness significant growth in the global Thaumatin market during the forecast period. This is owing to increasing demand for naturally flavored food products and beverages across the region. Thaumatin is typically used in jams, jellies, chewing gum, coffee drinks, and yogurts. Furthermore, Europe is expected to boost the global Thaumatin market growth over the forecast period. This is owing to rising consumer awareness and wide acceptance of Thaumatin as a sweetener among consumers.

Key companies involved in the global Thaumatin market are Naturex, Neptune Bio-Innovations, Beneo Palatinit GmbH, KF Specialty Ingredients Nutraceutical Group, and Natex.