Monk fruit extract comes from monk fruit, its extract can taste up to 250 times sweeter than standard table sugar. Monk fruit sugar is broadly recognized as an advanced means for sweetening food products free of any side-effect of conventional sugar and sugar substitutes. It bears a zero-glycemic index, zero calorie content and essential antioxidants. It does not cause dental cavities, consumable by diabetic patients and also bears significant healing attributes. The aforementioned factors are likely to increase the acceptance for the product among the consumers in the near future. It is primarily environment-friendly and produced without the use of any synthetic substances.
North America is projected to be the fastest-growing market, expanding at a CAGR of % from 2021 to 2027.
|Unit||Value (USD Million)|
|Key Companies Profiled||Archer Daniels Midland Company (United States), Monk Fruit Corp (New Zealand), Apura Ingredients (United States), Guilin Layn Natural Ingredients Corp (China), Imperial Sugar Company (United States), Whole Earth Sweetener Co. LLC (United States), Health Garden (United States), Matakana Superfoods Limited (New Zealand), Group Krisda Stevia Canada Inc. (Canada) and Bulk Barn Food Limited (Canada)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility|
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Monk Fruit Sugar Market Study:Archer Daniels Midland Company (United States), Monk Fruit Corp (New Zealand), Apura Ingredients (United States), Guilin Layn Natural Ingredients Corp (China), Imperial Sugar Company (United States), Whole Earth Sweetener Co. LLC (United States), Health Garden (United States), Matakana Superfoods Limited (New Zealand), Group Krisda Stevia Canada Inc. (Canada) and Bulk Barn Food Limited (Canada)
Monk Fruit Sugar Market Segment Analysis
|Application / End User||Health Drinks, Desserts, Jams, Sauces, Jellies, Dairy Products, Bakery Products, Diabetics Treatment, Cancer Treatment and Others|
The Organic segment is expected to command the largest share of the Global Monk Fruit Sugar market
Monk Fruit Sugar Market Changing Dynamics
- Consumers Are Spending More On Processed
- Consumers Are Preferring Low Calorie or Zero Calorie Food Products
- Increasing Awareness Regarding the Benefits of Monk Fruits
- Rising Demand of Natural and Organic Products
- Monk Fruit Is Difficult To Harvest
|Road Blocks / Challenges|
- Expensive To Import Monk Fruit
|Gaps & Opportunities|
- Growing Use of Artificial Sweeteners in the Food and Beverage Industry
. The Global Monk Fruit Sugar market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:On March 28, 2019 Whole Earth Sweetener Company, maker of the natural sweetener brand Whole Earth has introduced three new, keto-friendly products to their portfolio available in grocery retailers and e-commerce, including a line of Stevia & Monk Fruit Liquid Sweeteners, Stevia Leaf & Monk Fruit Cubes.
On May 2, 2019 Archer Daniels Midland Company has announced that it had completed its acquisition of the Ziegler Group, a European industry leader in natural citrus solutions. Citrus is a key ingredient in any nutrition portfolio, which provides great taste with the natural, clean-label and reduced sugar attributes.
Research Methodology:The top-down and bottom-up approaches are used to estimate and validate the size of the Global Monk Fruit Sugar market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Monk Fruit Sugar market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Monk Fruit, Suppliers of Monk Fruit, Wholesalers, Distributors and Retailers of Monk Fruit, Food and Beverage Industry, Research Organization and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.