Asia Pacific Thaumatin Market

Asia Pacific Thaumatin Market Growth and Forecast (2023 - 2028):

The Asia Pacific Thaumatin Market was worth USD 5.79 million in 2022, and is expected to grow at a CAGR of 4.1%, to reach USD 7.08 million by 2028.

Market Overview:

Thaumatin is a protein which is extracted from Katemfe fruit. The fruit is abundantly available in West African rain forest zone. It has been used as a sweetener in cooking and as an alternative to sugar for many years. The fact that it contains only 4 calories per gram despite being thousands of times sweeter than sucrose makes it a great alternate for table sugar in sugar treats.

There are no toxicity issues reported regarding the use of thaumatin. It is digested by the body like it does in the case of any other protein. The unique property of thaumatin is that its sweetness builds very slowly on the taste buds and the perception lasts a long time. It is also very easy to handle as it is water soluble and stable to heating.

Drivers and Restraints:

Rising demand for natural and low calorie sweeteners in food & beverage industries, increase in people with disposable incomes and increase in emphasis towards healthier life styles are expected to drive the thaumatin market. Research activities involving gene modification to produce thaumatin protein will propel the market. However, Katemfe fruit being limited to West Africa only and high cost of extraction are hindering the market growth.

Asia Pacific Thaumatin Market Segmentation Analysis:

The Thaumatin Market is categorized based on the product type, application, end user and region. Based on product type, the market is categorized into pharmaceutical grade, food grade and others. Food grade is expected to hold the largest market share due to the high usage rate of thaumatin in food & beverage industry. Based on application, the market is categorized into Sweetener, Flavoring agent and others. Thaumatin is majorly used as a sweetener due to its high sweet intensity combined with its unique sweetness property. Based on end users, the market is segmented into Pharmaceuticals, Food and Beverages, Cosmetics, Nutraceuticals and others. Food and beverage industry contributes majorly to the market share due to its high demand in making low calorie sugar treats as well as bakery and confectionary products.

Region Analysis:

Based on region, the Asia Pacific market is categorized into India, China, Japan, Australia and Japan. Asia Pacific is expected to be the fastest growing segment due to the rapidly increasing population in India and China and changing life styles of people.

Key Players in the Market:

Some of the major players in this region are Naturex Group, KF Specialty Ingredients Nutraceutical Group, Beneo-Palatinit GmbH, Neptune Bio-Innovations, Parchem Fine & Specialty Chemicals, and Natex.