Global Monk Fruit Sugar Market is expected to register a steady CAGR of 4.37% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017.
Monk fruit sugar is the sweetening product extracted from monk fruit, also known as Luo Han Guo. This extract is significantly higher in sweetness as compared to conventional sugar. It is used as a substitute to sugar in a variety of different applications due to its lack of negative effects on the human body.
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Key Market Competitors:
Few of the major competitors currently working in the global monk fruit sugar market are Archer Daniels Midland Company; Monk Fruit Corp.; Layn Corp.; Apura Ingredients; Imperial Sugar Company; Whole Earth Sweetener Co., LLC; Health Garden USA; Matakana Superfoods; Group Krisda Stevia of Canada Inc.; Bulk Barn Foods Limited; Tate & Lyle; LAKANTO; CUMBERLAND PACKING CORP.; GLG LIFE TECH CORP.; NOW Foods; Julian Bakery; Anthony's Goods; The ZenSweet Company, SweetMonk among others.
Global monk fruit sugar market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of monk fruit sugar market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Monk Fruit Sugar Market
By Type (Purelo, Monk Fruit in Raw, Nectresse, Lakanto)
By Nature (Natural, Organic), Form (Powder, Liquid)
By Applications (Food & Beverages, Pharmaceuticals)
By End-Use (Industrial, Commercial, Household)
By Packaging Type (Bags & Sacs, Pouches, Folding Cartons, Jars)
By Sales Channel (B2B, B2C)
By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Increasing usage of the product in various pharmaceutical applications and treatment is expected to boost the growth of the market
Changes in preferences of lifestyle of consumers resulting in greater demand for low-calorie alternatives can also enhance the growth of this market
Enhanced shelf life of these products deeming them more accessible and effective is expected to propel the market growth
Greater adoption of the product due to its wide-scale of nutritional benefits, such as antioxidants content, zero-calorie content, can be consumed by individuals suffering from diabetes and various others.
Complicated harvesting process for monk fruit resulting in high costs of raw material; this factor is expected to hinder the growth of the market
Wide range of products being recalled by various manufacturers is expected to restrict the market growth
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Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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