Thaumatin Market Analysis with Key Players like Naturex, Beneo Palatinit GmbH, Natex, KF Specialty Ingredients Nutraceutical Group, and Neptune Bio-Innovations

Global Thaumatin Market outlook:

Owing to growing demand for natural flavored food products and beverages, North America held the highest share by volume in global thaumatin market in 2016. In the U.S., thaumatin is widely accepted as a natural flavoring agent in Coffee drinks, refreshing drinks, yoghurts, chewing-gum, jams, and jellies, which is expected to fuel market growth.

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Europe held second-largest share in global thaumatin market due to wide acceptance of thaumatin as a sweetener by European Federation. The favorable regulations and rising consumer awareness regarding ingredients used in the processing of food products is expected to drive market demand. In addition to this, technological advancements also stands to be one of the key factors contributing to market growth. For instance, the development of low cost thaumatin by Unilever by the process of inserting thaumatin producing genes into bacteria.
Africa is a matured market for thaumatin, as thaumatin fruits are widely harvested in western Africa region and mainly used to sweeten food products. Some of the key markets in the region are Ghana and Nigeria.
Key players in Global Thaumatin Market:

Some of the leading key players in global Thaumatin market are Naturex, Beneo Palatinit GmbH, Natex, KF Specialty Ingredients Nutraceutical Group, and Neptune Bio-Innovations.

Global Thaumatin Market Taxonomy:

On the basis of applications, global Thaumatin market is segmented as,

Flavoring agent
Sweetener
Others
On the basis of end-use industry, global Thaumatin market is segmented as,

Food & Beverages
Pharmaceuticals
Personal Care
Others
Flavoring agent segment held the highest share in terms of value in the global thaumatin market in 2016, due to its excellent flavor modification properties. Owing to increasing acceptance of thaumatin as a sweetener in Asia Pacific and Europe, the segment is expected to show significant growth over the forecast period.

Food & beverages segment dominated global thaumatin market in 2016, followed by pharmaceuticals segment. It is expected to maintain its dominance during forecast period due to increasing use of thaumatin in flavored food products such as bread and palm wines. Pharmaceuticals and cosmetics segments are expected to experience high growth rate in global thaumatin market during forecast period (2018-2025) owing to increasing use in formulations as an emulsifier.

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