Global Monk Fruit Sugar Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Monk Fruit Sugar Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global Monk Fruit Sugar market report has been segmented on the basis of nature, form, end user, and region.
Global Monk Fruit Sugar Market: Overview
Monk fruit is also known as lo han guo is a small round fruit grown in Southeast Asia. Monk fruit sweetener is generally from extracted from dried fruit. It is 150-250 times sweeter than table sugar as well as contains zero calories and carbohydrates. Advantages of monk fruit sugar are, helps in promoting weight loss, have anti-aging properties, improving heart health, boost immunity, providing anti-inflammatory properties, relieving allergies, helps in controlling diabetes, etc. It is generally used in coffee, hot tea, iced tea, or lemonade, salad dressings, sauces, smoothies, frostings, yogurt, and oatmeal or other hot cereals.
Global Monk Fruit Sugar Market: Dynamics
A major factor driving growth of the global monk fruit sugar market is growing demand for on-to-go food and beverages products. In addition, rising disposable income level, growing food and beverages expenditure, higher living standards, growing awareness about health benefits of monk fruit sugar are some other factors expected to drive the growth of the target market over the forecoming years.
However, product recalls and high cost are some major factor expected to restraint growth of the target market over the forecast period.
Global Monk Fruit Sugar Market: Trends
Established players in the target market are focusing on collaborating with other market players for expanding their presence and enhancing its product offerings, is the key trends witnessed in the target market.
For instance, June 2016, Archer Daniels Midland Company partnered with GLG Life Tech Corporation which is a Canada-based company. Under this partnership the company focuses on manufacturing, marketing, and sales of low-calorie monk fruit sweeteners to customers across the globe.
Global Monk Fruit Sugar Market: Segment Analysis
On the basis of nature, organic segment is expected to register fastest revenue growth over the forecoming years. This is primarily due to, increasing awareness regarding consumption of organic food products. On the basis of form, powder segment is expected to dominate the market in terms of revenue, owing to increasing adoption for household purpose.
Global Monk Fruit Sugar Market: Regional Analysis
In 2018, the market in North America is expected to accounted for the highest market share in the global market. This is primarily due to, rising disposable income level and growing awareness regarding healthy lifestyle in countries in the regions. The markets in Asia Pacific is expected to account for highest CAGR over the forecast period owing to growing functional food & beverage products sector. The markets in Europe is expected to account for moderately high revenue growth in the global market, followed by Latin America, and Middle East & Africa markets in the global monk fruit sugar market.
Global Monk Fruit Sugar Market Segmentation:
Segmentation by nature:
Segmentation by form:
Segmentation by application:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Archer Daniels Midland Company
- Monk Fruit Corp.
- Guilin Layn Natural Ingredients Corp.
- Imperial Sugar Company
- Apura Ingredients, Inc.
- Whole Earth Sweetener Co., LLC
- Health Garden USA
- Matakana SuperFoods Ltd.
- Group Krisda Stevia Canada Inc.
- Bulk Barn Foods Limited
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