Market Overview:
The global monk fruit extract market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for natural and healthy ingredients, increasing awareness about the health benefits of monk fruit extract, and growing demand for premium-quality products. Based on type, the global monk fruit extract market can be segmented into solid and liquid extracts. The liquid extracts segment is expected to account for a larger share of the market than the solid extracts segment during the forecast period. This can be attributed to their high solubility in water and other solvents, which makes them suitable for use in various applications such as beverages, confectionary, dairy products, baked goods, etc. Based on application, the global monk fruit extract market can be divided into beverages (carbonated drinks & non-carbonated drinks), confectionary (chocolates & candies), dairy products (milk & yogurt), baked goods (breads & pastries), and other applications (tablets/pills/capsules). The beverages segment is projected to account for a larger share of the global Monk Fruit Extract Market than other segments duringthe forecast period owingto its growing popularity among consumers across all regions.
Product Definition:
Monk fruit extract is a sweetener extracted from monk fruit, also known as luo han guo. Monk fruit extract is about 200 times sweeter than sugar, but has no calories or glycemic impact. It is used as a natural sweetener in food and beverage products.
Solid:
Monk fruit extract is a natural sweetener, obtained from the pulp and seeds of the tropical Asian fruits called as Monk Fruit. It has high nutritional value and zero calories. The product is used in various food products such as baked goods, syrups, beverages & soft drinks due to its low-calorie content property.
The global market for monk fruit extract is expected to witness significant growth over the forecast period owing to increasing demand for natural sweeteners especially in Europe.
Liquid:
Liquid is a natural sweetener derived from the fruit of the plant. It has high usage in food and beverage industry as it has low calories content. The liquid extracted from the fruit is used to produce various products such as beverages, candies, jellies, chewing gums and dietary supplements among others.
Monk fruit extract is one of the forms of liquid extract derived from fruits that are widely used in food & beverage industry owing to its unique flavor properties.
Application Insights:
The beverages application segment led the global market and accounted for more than 45% of the total revenue share in 2017. The product is used as a natural sweetener, flavor enhancer and preservative in various functional beverages, soft drinks, juices and energy drinks. Growing demand for low-calorie functional beverages with enhanced nutritional value is expected to drive the segment growth over the forecast period.
Monk fruit extract has been used as an ingredient in several bakery products such as cakes, muffins and cookies due to its ability to promote weight loss by reducing calorie content without affecting one¢â‚¬â„¢s normal metabolism or digestive system.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017 owing to high demand from countries, such as the U.S., Canada, and Mexico. The region is expected to maintain its dominance during the forecast period due to increasing consumer awareness regarding health benefits associated with natural products coupled with rising disposable income levels in developed economies including Canada and U.S. Asia Pacific monk fruit extract market is projected to grow at a lucrative rate during the forecast period due to rapid urbanization along with growing population especially in China and India which has led consumers towards a variety of packaged food items including bakery & confectionary items, dairy products, and beverages that can provide nutritional benefits along with enhanced taste resulting into higher sales volume thus driving growth across this region as well as others aforementioned regions are experiencing similar trends which will also contribute towards overall industry growth over next eight years or so until 2030 AD (assuming an average life expectancy).
Growth Factors:
- Increasing demand for natural and healthy products
- Rising awareness about the health benefits of monk fruit extract
- Growing popularity of monk fruit extract as a low-calorie sweetener
- Rising demand from emerging markets
- Technological advancements in the extraction process
Scope Of The Report
Report Attributes
Report Details
Report Title
Monk Fruit Extract Market Research Report
By Type
Solid, Liquid
By Application
Beverages, Confectionary, Dairy, Baked Goods, Other
By Companies
Tate & Lyle, Apura Ingredients, Sinofi Ingredients, ADM, Layn, Imperial Sugar Company, GLG Life Tech, Tate & Lyle
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Monk Fruit Extract Market Report Segments:
The global Monk Fruit Extract market is segmented on the basis of:
Types
Solid, Liquid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Beverages, Confectionary, Dairy, Baked Goods, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tate & Lyle
- Apura Ingredients
- Sinofi Ingredients
- ADM
- Layn
- Imperial Sugar Company
- GLG Life Tech
- Tate & Lyle
Highlights of The Monk Fruit Extract Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solid
- Liquid
- By Application:
- Beverages
- Confectionary
- Dairy
- Baked Goods
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Monk Fruit Extract Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Monk fruit extract is a natural product derived from the Monk Fruit tree. It is a sweetener that has been used in Asia for centuries. Monk fruit extract is made up of glucose, fructose, and other natural sugars.
Some of the major players in the monk fruit extract market are Tate & Lyle, Apura Ingredients, Sinofi Ingredients, ADM, Layn, Imperial Sugar Company, GLG Life Tech, Tate & Lyle.
The monk fruit extract market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Monk Fruit Extract Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Monk Fruit Extract Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Monk Fruit Extract Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Monk Fruit Extract Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Monk Fruit Extract Market Size & Forecast, 2020-2028
4.5.1 Monk Fruit Extract Market Size and Y-o-Y Growth
4.5.2 Monk Fruit Extract Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Solid
5.2.2 Liquid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Beverages
6.2.2 Confectionary
6.2.3 Dairy
6.2.4 Baked Goods
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Monk Fruit Extract Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Monk Fruit Extract Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Solid
9.6.2 Liquid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Beverages
9.10.2 Confectionary
9.10.3 Dairy
9.10.4 Baked Goods
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Solid
10.6.2 Liquid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Beverages
10.10.2 Confectionary
10.10.3 Dairy
10.10.4 Baked Goods
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Solid
11.6.2 Liquid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Beverages
11.10.2 Confectionary
11.10.3 Dairy
11.10.4 Baked Goods
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Solid
12.6.2 Liquid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Beverages
12.10.2 Confectionary
12.10.3 Dairy
12.10.4 Baked Goods
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Solid
13.6.2 Liquid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Beverages
13.10.2 Confectionary
13.10.3 Dairy
13.10.4 Baked Goods
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Monk Fruit Extract Market: Competitive Dashboard
14.2 Global Monk Fruit Extract Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tate & Lyle
14.3.2 Apura Ingredients
14.3.3 Sinofi Ingredients
14.3.4 ADM
14.3.5 Layn
14.3.6 Imperial Sugar Company
14.3.7 GLG Life Tech
14.3.8 Tate & Lyle
