Global Monk Fruit Sweetener Market – Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Monk Fruit Sweetener Market
The monk fruit sweetener market is expected to witness market growth at a rate of 5.40% in the forecast period of 2021 to 2028 and is expected to reach USD 0.30 billion by 2028. Data Bridge Market Research report on monk fruit sweetener 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 growing health consciousness among consumers globally is escalating the growth of monk fruit sweetener market.
Monk fruit refers to a small, green gourd that resembles a melon. The fruit is mostly found in Southeast Asia and fruit was first used by Buddhist monks in the 13th century. These fruits are dried and used to make medicinal teas. Monk fruit sweeteners are made from the fruit’s extract and may be blended with dextrose or other ingredients with the purpose of balancing sweetness. These fruit extracts are considered to be 150 to 200 times sweeter than sugar and contain no calories, carbohydrates, sodium and fat.
The increasing demand for the sweetener as sugar alternative from manufacturers who make low-calorie products and consumers acts as one of the major factors driving the monk fruit sweetener market. The rise in prevalence of diabetes across the globe, growing health consciousness of consumers and rising demand for naturally derived sweeteners substitutes accelerate the monk fruit sweetener market growth. The growing popularity of the monk fruit sweetener owning to its functional properties anti-microbial, anti-inflammatory and anti-carcinogenic, consumer inclination towards the organic and natural products and rise in awareness regarding negative health effects of sugar such as obesity and diabetes further influences the monk fruit sweetener market. Additionally, growth in awareness regarding the health benefits of the product, change in consumer preference and surge in the disposable income positively affects the monk fruit sweetener market. Furthermore, innovations with new product formulations extend profitable opportunities to the monk fruit sweetener market players in the forecast period of 2021 to 2028.
On the other hand, high price associated with the monk fruit sweeteners when compared to monk fruit sweeteners and presence of a large number of artificial sweeteners are the factors expected to obstruct the monk fruit sweetener market growth. Lack of awareness regarding the product among consumers is projected to challenge the monk fruit sweetener market in the forecast period of 2021 to 2028.
This monk fruit sweetener market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 sweetener 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 Sweetener Market Scope and Market Size
The monk fruit sweetener market is segmented on the basis of form, nature and distribution channel. The growth among segments helps you analyze 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 form, the monk fruit sweetener market is segmented into liquid and dry.
- On the basis of nature, the monk fruit sweetener market is segmented into organic and conventional.
- On the basis of distribution channel, the monk fruit sweetener market is segmented into supermarkets/hypermarkets, convenience stores, online channels and others.
Global Monk Fruit Sweetener Market Country Level Analysis
The monk fruit sweetener market is analyzed and market size, volume information is provided by country, form, nature and distribution channel as referenced above.
The countries covered in the global monk fruit sweetener 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 and Europe dominate the monk fruit sweetener market because of the increasing demand for naturally derived sweeteners, high use as a flavoring agent in several types of food products such as use as a flavoring agent in several types of food products, incorporation of monk fruit sweetener in sports and nutrition-based supplements and rise of online market for the purchase of such food products in the region.
The country section of the monk fruit sweetener 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 Sweetener Market Share Analysis
The monk fruit sweetener 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 sweetener market.
The major players covered in the monk fruit sweetener market report are Monk Fruit Corp., ADM, Tate & Lyle, GLG LIFE TECH CORP., Steviva Brands, Inc., Layn Corp, Firmenich SA, NOW Foods, BioVittoria Co., LAKANTO, Whole Earth Sweetener Co., LLC, Matakana Superfoods, Bulk Barn Foods Limited, Apura Ingredients, Imperial Sugar, GroupKrisda Stevia Canada Inc, Health Garden USA 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.