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. ...