Hide taxonomy when term is empty

Lots of Automattic themes do exactly this for standard tags and categories The Underscores starter theme, too. Straight from its source code up on GitHub:

$categories_list = get_the_category_list( esc_html__( ', ', '_s' ) );
if ( $categories_list ) {
    /* translators: 1: list of categories. */
    printf( '' . esc_html__( 'Posted in %1$s', '_s' ) . '', $categories_list ); // WPCS: XSS OK.
}

Adapt as needed for your taxonomy.