Market Overview:
The global monk fruit sweetener market is expected to grow at a CAGR of XX% 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 low-calorie sweeteners, increasing awareness about the health benefits of monk fruit sweetener, and growing demand for healthy food products. However, high price point is expected to restrain the growth of this market during the forecast period. On the basis of type, organic monk fruit sweetener is projected to be a faster-growing segment than conventional monk fruit sweetener during the forecast period. This can be attributed to increasing consumer preference for organic food products over conventional food products. On the basis of application, supermarkets or hypermarkets are projected to account for a larger share of this market than convenience stores duringthe forecast period.
Product Definition:
Monk fruit sweetener is a natural sweetener extracted from monk fruit, also known as luo han guo. Monk fruit sweetener is about 150-200 times sweeter than sugar and does not contain any calories or carbohydrates. It can be used as a substitute for sugar in recipes or added to drinks.
Organic:
Organic is a relative term, it depends on the context in which it's being used. In food & beverage industry, organic products are those that are produced without the use of synthetic or artificial ingredients. Organic foods do not contain any pesticides, antibiotics or growth promoters and hence are considered healthier than their conventional counterparts.
The global organic beverages market was valued at USD 34 billion in 2015 and is projected to grow at a CAGR of XX% from 2016 to 2024.
Conventional:
Conventional sweeteners are those that are derived from plant materials and have been used for a long time. They include sugar, high fructose corn syrup, artificial or regular sugar (evolutionary), and white granulated sugar. These products can be used in small quantities to enhance flavor but should not be consumed in excess as they contain calories that can increase weight gain along with other health issues like diabetes and heart diseases.
Application Insights:
The supermarkets or hypermarkets segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to growing awareness about health benefits among consumers, increasing spending power of middle-class income groups in countries like India and China, rising disposable incomes, changing dietary habits due to rapid urbanization along with other factors.
Monk fruit sweetener is gaining popularity as it has a low glycemic index making it suitable for use by diabetics and dieters. It also helps reduce sugar cravings which may result in reduced consumption of other sweets leading to weight loss. The convenience stores application segment is expected register notable growth over the forecast period owing to increased consumer preference for buying food products on a quick turnaround basis as compared with supermarkets or hypermarkets where food items are sold over an extended shelf life span usually at higher prices than regular retail stores.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The U.S., in particular, is one of the major consumers owing to high demand as well as availability of products at an affordable price. Furthermore, growing health awareness among people is expected to fuel product demand further over the forecast period.
Latin America also holds a prominent position in terms of consumption owing to rising disposable income levels coupled with changing food preferences towards natural or organic products among millennials and urban consumers especially from Brazil has been driving regional growth.
Growth Factors:
- Increasing demand for natural and low-calorie sweeteners: The global monk fruit sweetener market is expected to grow at a CAGR of over 9% during the forecast period. This can be attributed to the increasing demand for natural and low-calorie sweeteners, as they are healthier alternatives to artificial sweeteners.
- Rising awareness about the health benefits of monk fruit: The health benefits of monk fruit have been gaining prominence in recent years, which is driving its adoption as a sugar substitute. Some of the key benefits include weight loss, diabetes management, and cancer prevention.
- Growing popularity of healthy foods: There has been a growing trend towards consuming healthy foods in recent years, which is benefiting the monk fruit sweetener market growth prospects. Consumers are increasingly looking for healthier substitutes for sugar and other artificial additives in food products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Monk Fruit Sweetener Market Research Report
By Type
Organic, Conventional
By Application
Supermarkets or Hypermarkets, Convenience Stores, Online Channels, Others
By Companies
Archer Daniels Midland Company, Tate and Lyle, GLG Life Tech, Monk Fruit Corp, Steviva Brands, Layn, Firmenich, NOW Health Group
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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Monk Fruit Sweetener Market Report Segments:
The global Monk Fruit Sweetener market is segmented on the basis of:
Types
Organic, Conventional
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
Supermarkets or Hypermarkets, Convenience Stores, Online Channels, Others
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:
- Archer Daniels Midland Company
- Tate and Lyle
- GLG Life Tech
- Monk Fruit Corp
- Steviva Brands
- Layn
- Firmenich
- NOW Health Group
Highlights of The Monk Fruit Sweetener 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:
- Organic
- Conventional
- By Application:
- Supermarkets or Hypermarkets
- Convenience Stores
- Online Channels
- Others
- 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 Sweetener 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
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- Product & Brand Management
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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 sweetener is a natural sweetener made from the dried sap of the monk fruit tree. It has a low glycemic index, so it is gentler on blood sugar levels than some other common sweeteners.
Some of the major companies in the monk fruit sweetener market are Archer Daniels Midland Company, Tate and Lyle, GLG Life Tech, Monk Fruit Corp, Steviva Brands, Layn, Firmenich, NOW Health Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Monk Fruit Sweetener 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 Sweetener Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Monk Fruit Sweetener 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 Sweetener 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 Sweetener Market Size & Forecast, 2018-2028
4.5.1 Monk Fruit Sweetener Market Size and Y-o-Y Growth
4.5.2 Monk Fruit Sweetener Market Absolute $ Opportunity
Chapter 5 Global Monk Fruit Sweetener 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 Monk Fruit Sweetener Market Size Forecast by Type
5.2.1 Organic
5.2.2 Conventional
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Monk Fruit Sweetener 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 Monk Fruit Sweetener Market Size Forecast by Applications
6.2.1 Supermarkets or Hypermarkets
6.2.2 Convenience Stores
6.2.3 Online Channels
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Monk Fruit Sweetener 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 Sweetener 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 Monk Fruit Sweetener Analysis and Forecast
9.1 Introduction
9.2 North America Monk Fruit Sweetener 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 Monk Fruit Sweetener Market Size Forecast by Type
9.6.1 Organic
9.6.2 Conventional
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 Monk Fruit Sweetener Market Size Forecast by Applications
9.10.1 Supermarkets or Hypermarkets
9.10.2 Convenience Stores
9.10.3 Online Channels
9.10.4 Others
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 Monk Fruit Sweetener Analysis and Forecast
10.1 Introduction
10.2 Europe Monk Fruit Sweetener 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 Monk Fruit Sweetener Market Size Forecast by Type
10.6.1 Organic
10.6.2 Conventional
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 Monk Fruit Sweetener Market Size Forecast by Applications
10.10.1 Supermarkets or Hypermarkets
10.10.2 Convenience Stores
10.10.3 Online Channels
10.10.4 Others
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 Monk Fruit Sweetener Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Monk Fruit Sweetener 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 Monk Fruit Sweetener Market Size Forecast by Type
11.6.1 Organic
11.6.2 Conventional
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 Monk Fruit Sweetener Market Size Forecast by Applications
11.10.1 Supermarkets or Hypermarkets
11.10.2 Convenience Stores
11.10.3 Online Channels
11.10.4 Others
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 Monk Fruit Sweetener Analysis and Forecast
12.1 Introduction
12.2 Latin America Monk Fruit Sweetener 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 Monk Fruit Sweetener Market Size Forecast by Type
12.6.1 Organic
12.6.2 Conventional
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 Monk Fruit Sweetener Market Size Forecast by Applications
12.10.1 Supermarkets or Hypermarkets
12.10.2 Convenience Stores
12.10.3 Online Channels
12.10.4 Others
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) Monk Fruit Sweetener Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Monk Fruit Sweetener 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) Monk Fruit Sweetener Market Size Forecast by Type
13.6.1 Organic
13.6.2 Conventional
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) Monk Fruit Sweetener Market Size Forecast by Applications
13.10.1 Supermarkets or Hypermarkets
13.10.2 Convenience Stores
13.10.3 Online Channels
13.10.4 Others
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 Sweetener Market: Competitive Dashboard
14.2 Global Monk Fruit Sweetener Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Archer Daniels Midland Company
14.3.2 Tate and Lyle
14.3.3 GLG Life Tech
14.3.4 Monk Fruit Corp
14.3.5 Steviva Brands
14.3.6 Layn
14.3.7 Firmenich
14.3.8 NOW Health Group
