Global Monk Fruit Sugar Market, By Type (Purelo, Monk Fruit in Raw, Nectresse, Lakanto), Nature (Natural, Organic), Form (Powder, Liquid), Applications (Food and Beverages, Pharmaceuticals), End Use (Industrial, Commercial, Household), Packaging Type (Bags and Sacs, Pouches, Folding Cartons, Jars), Sales Channel (B2B, B2C), and Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The monk fruit sugar market is expected to witness market growth at a rate of 4.43% in the forecast period of 2021 to 2028. Data Bridge Market Research report on monk fruit sugar market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the adoption of the product due to its wide-scale of nutritional benefits is escalating the growth of monk fruit sugar market.
Monk fruit sugar can be referred to as the sweetening product that is extracted from monk fruit, which is also called as Luo Han Guo. The extract is considerably higher in sweetness in comparison to the conventional sugar.
Major factors that are expected to boost the growth of the monk fruit sugar market in the forecast period are the rise in the utilization of the product in several pharmaceutical applications and treatment. Furthermore, the shift in the inclination of lifestyle of customers resulting in the greater demand for low-calorie substitutes is further anticipated to propel the growth of the monk fruit sugar market. On the other hand, the rise in the cost of the raw material due to the complex harvesting procedure for the monk fruit is further projected to impede the growth of the monk fruit sugar market in the timeline period.
In addition, the improved shelf life of these products considering them more accessible and efficient will further provide potential opportunities for the monk fruit sugar market in the coming years. However, the broad ranges of products being recalled by several manufacturers which further challenge the growth of the monk fruit sugar market in the near future.
This monk fruit sugar market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on monk fruit sugar market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Monk Fruit Sugar Market Scope and Market Size
The monk fruit sugar market is segmented on the basis of type, nature, form, applications, end use, packaging type and sales channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the monk fruit sugar market is segmented into purelo, monk fruit in raw, nectresse, lakanto.
- On the basis of nature, the monk fruit sugar market is segmented into natural, organic.
- On the basis of form, the monk fruit sugar market is segmented into powder, liquid.
- On the basis of applications, the monk fruit sugar market is segmented into food and beverages, pharmaceuticals. Others is further sub segmented into salads, tea, flavour enhancers, fruit spreads, table-top sweeteners, processed fruit, dry-mix products, chewing gum and others. Pharmaceuticals is further sub segmented into diabetics treatment, cancer treatment, cough remedy and others.
- On the basis of end use, the monk fruit sugar market is segmented into industrial, commercial, household. Industrial is further sub segmented into food and beverages industry. Food and beverages industry is further sub segmented into bakery, dairy and ice-cream, chocolate and confectionary, breakfast cereals, beverages and others.
- On the basis of packaging type, the monk fruit sugar market is segmented into bags and sacs, pouches, folding cartons, jars.
- On the basis of sales channel, the monk fruit sugar market is segmented into Business-To-Business (B2B), Business-To-Consumer (B2C). Store based retailing is further sub segmented into hypermarkets or supermarkets, convenience stores, food and drink specialty stores and others.
Monk Fruit Sugar Market Country Level Analysis
The monk fruit sugar market is analysed and market size, volume information is provided by country, type, nature, form, applications, end use, packaging type and sales channel as referenced above.
The countries covered in the monk fruit sugar market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the monk fruit sugar market due to the rise in the need from the healthcare and the food and beverage sectors. Furthermore, the health concerns like diabetic and high blood pressure to a great proportion among the consumers will further boost the growth of the monk fruit sugar market in the region during the forecast period. Europe is projected to observe significant amount of growth in the monk fruit sugar market due to the rise in the inclination towards the consumption of zero-calorie natural sweeteners. Moreover, the occurrence of major market key players is further anticipated to propel the growth of the monk fruit sugar market in the region in the coming years.
The country section of the monk fruit sugar market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Monk Fruit Sugar Market Share Analysis
The monk fruit sugar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to monk fruit sugar market.
The major players covered in the monk fruit sugar market report are ADM, Monk Fruit Corp., Layn Corp., Apura Ingredients, Imperial Sugar Company, Whole Earth Sweetener Co., LLC, Health Garden USA, Matakana Superfoods, Group Krisda Stevia of Canada Inc., Bulk Barn Foods Limited, Tate & Lyle, LAKANTO, CUMBERLAND PACKING CORP., GLG LIFE TECH CORP., NOW Foods, Julian Bakery, Anthony's Goods, The ZenSweet Company, SweetMonk, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.