Monk Fruit Sugar Market Revenue Expected to Increase to US$ 141.5 Mn by 2026

Transparency Market Research (TMR) delivers key insights on the global monk fruit sugar market in its upcoming outlook titled, “Monk Fruit Sugar Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026”. In terms of value, the global monk fruit sugar market is projected to expand at a CAGR of 4.5% during the forecast period due to various factors, regarding which TMR offers vital insights in detail.

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Scope of the Report

The monk fruit sugar market is segmented on the basis of nature, form, end-use, packaging type, sales channel, and region. On the basis of nature, the global monk fruit sugar market is segmented into organic and natural. The organic segment is expected to increase at highest growth rate with growing incidences of diabetes and rising cholesterol, demand for low fat healthy diet is rising. This has elicited the consumption of organic and natural sweeteners. Monk fruit sugar and other natural sugar are becoming a priority in regular meals as they deliver high national value and low fat diet. Also, increasing standards of living of people and high GHDI are expected to influence the consumption of monk fruit sugar. Moreover, manufacturers are undertaking several research and development initiatives to develop superior and novel quality products to cater to the growing demand of health conscious people.

Mounting Demand for Monk Fruit Sugar for Low-Calorie Intake

Consumer preference towards low-calorie food & beverage products coupled with government support for the cultivation of monk fruit are the major factors driving the demand for monk fruit sugar market. Naturally derived sweeteners are still in the nascent stages of development and several unique products are being launched every year with multiple new entrants. Key players in the monk fruit sugar market are carrying out extensive R&D activities to formulate new products which can meet specific consumer demand.

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Monk fruit extract are majorly used in various diet drinks available in the market. Monk fruit sugar have also successfully proliferated in the food flavor space. It is expected that considering the growing demand and acceptability of natural and organic products, many new entrants are likely to cash in on the opportunity. Archer Daniels Midland Company (ADM) had launched VerySweet monk fruit sugar, to the market in 2017 to capitalize the market opportunity. These new products offer processors of food and beverage products unique formulations monk fruit which are likely to result in a paradigm shift in terms of how formulators approach sugar reduction goals.

Health Conscious Consumers Concentrating on Consumption of Monk Fruit Sugar for Development of Immune and Well-Being

The millennial population is becoming concerned about their health and their family’s health, which has resulted in an increased expenditure on natural and organic food, as it is perceived to be free from additives, hormones, and antibiotics, and non-GMO. These products are primarily environment-friendly, and produced without the use of any synthetic substances. Global monk fruit sugar is mainly driven by a shift in consumer preference towards healthy food and beverage products. As per World Health Organization statistics, the global population of obese people has been tripled since 1975 and reached 650 million in 2016. The primary cause of obesity and a propensity to gain weight is due to an energy imbalance resulting from calories consumed and calories expended. As a step to fight against growing obesity, various governments have implied sugar tax to control per capita sugar consumption. With a reduction in sugar intake, the demand for monk fruit sugar has increased as food & beverage product manufacturers have reduced sugar content in product composition and replaced them with monk fruit sugar.

Global Monk Fruit Sugar Market: Competition Dashboard

This report covers trends driving each segment and offers analysis and insights into the potential of the monk fruit sugar market in specific regions. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the monk fruit sugar market space. Monk Fruit Sugar key players includes Archer Daniels Midland Company, Monk Fruit Corp, Apura Ingredients, Guilin Layn Natural Ingredients Corp, Imperial Sugar Company, Whole Earth Sweetener Co., LLC, Health Garden USA, Matakana Superfoods Limited, Group Krisda Stevia Canada Inc, and Bulk Barn Food Limited

Global Monk Fruit Sugar Market: Key Insights

Growing application of artificial sweeteners in food and beverage industry has created multiple growth opportunities for the global monk fruit sugar market. The collective acceptance by mass of low-calorie diet and growing drift of weight loss through slimming are projecting optimistic motivation on the growth of the global monk fruit sugar market.

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This release was published on openPR.