Global monk fruit sugar market Competitive Analysis and Economic Forecasting | Archer Daniels Midland Company; Monk Fruit Corp.; Layn Corp

Global monk fruit sugar market

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. This rise in market value can be attributed to the rise in preferences of consumers to consume processed food & beverages.

Monk fruit sugar market research report is a great backbone for the expansion of food and beverages industry. Myriad of business challenges can be quickly and easily conquered with this market research report. This market report deals with important aspects of the market that include but are not limited to historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the food and beverages industry. A translucent research method has been accomplished with the right tools and techniques to turn this market research report into the world-class one. Granular market information gathered in this report will be supportive to food and beverages industry to take competent business decisions. Creative methods and research tools such as SWOT analysis, Pestle and Porter’s Five Forces analysis are employed to analyze the weakness, strength, shortcomings and opportunities present in the market.

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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.

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.

Market Drivers:

  • 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.

Market Restraints:

  • 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

Key Developments in the Market:

  • In March 2017, Archer Daniels Midland Company announced the launch of two new sweetener brands that have been developed in partnership with GLG Life Tech Corp. The brands “SweetRight” stevia and “VerySweet” monk fruit will be integrated into Archer Daniels Midland Company’s sweetener offerings. This expansion of product offerings are designed to meet the growing consumer demands of naturally sourced, low-calorie sweeteners for a number of different applications
  • In June 2016, Archer Daniels Midland Company announced that they had entered into a partnership with GLG LIFE TECH CORP. for the development, manufacturing and distribution of low-calorie sweeteners. The agreement states that GLG LIFE TECH CORP. will provide a wide range of low-calorie sweeteners produced from stevia and monk fruit, wherein Archer Daniels Midland Company will be responsible for their marketing and distribution to various food & beverage industrial users

Total Chapters in Monk Fruit Sugar Market Report are:

  • Chapter 1 Overview of Monk Fruit Sugar Market
  • Chapter 2 Global Market Status and Forecast by Regions
  • Chapter 3 Global Market Status and Forecast by Types
  • Chapter 4 Global Market Status and Forecast by Downstream Industry
  • Chapter 5 North America Market Status by Countries, Type, Manufacturers and Downstream Industry
  • Chapter 6 Europe Market Status by Countries, Type, Manufacturers and Downstream Industry
  • Chapter 7Asia Pacific Market Status by Countries, Type, Manufacturers and Downstream Industry
  • Chapter 8Latin America Market Status by Countries, Type, Manufacturers and Downstream Industry
  • Chapter 9 Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream Industry
  • Chapter 10 Market Driving Factor Analysis of Low End Servers
  • Chapter 11, Monk Fruit Sugar Market Competition Status by Major Manufacturers
  • Chapter 12, Monk Fruit Sugar Market Major Manufacturers Introduction and Market Data
  • Chapter 13 Upstream and Downstream Market Analysis of, Monk Fruit Sugar Market
  • Chapter 14 Cost and Gross Margin Analysis of Monk Fruit Sugar Market

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Segmentation: Global Monk Fruit Sugar Market

By Type

  • Purelo
  • Monk Fruit in Raw
  • Nectresse
  • Lakanto

By Nature

  • Natural
  • Organic

By Form

  • Powder
  • Liquid

By Applications

  • Food & Beverages
    • Nutrition Drinks
    • Fruit & Vegetable Juices
    • Others
  • Pharmaceuticals
    • Diabetics Treatment
    • Cancer Treatment
    • Cough Remedy
    • Others

By End-Use

  • Industrial
    • Food & Beverages Industry
  • Commercial (HoReCa)
  • Household (Retail)

By Packaging Type

  • Bags & Sacs
  • Pouches
  • Folding Cartons
  • Jars

By Sales Channel

  • Business-To-Business (B2B)
  • Business-To-Consumer (B2C)
    • Store Based Retailing
    • Online Retailing

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

Competitive Analysis:

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.

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