With the need to curb down the all-time sugar intake, alternative sweeteners have gained a significant priority among the health conscious consumers. But, artificial sweeteners contain chemicals and ingredients that have the possibilities of causing harmful side effects and some might also have high- calorie content. But sweetener derived from original fruit, monk fruit sugar being one of them, are known to be less harmful than chemical additives. Monk fruit is a sub-tropical sweet melon that has its usage mainly for its healing attributes. Monk fruit sugar is widely accepted as a revolutionary way of sweetening food and beverage products without any harmful effect of sugar substitutes and conventional sugar. Monk fruit sugar market witnesses a significant demand owing to the calorie-free sugar extract. Strong demand from the consumers, food and beverage industry and pharmaceuticals is expected to fuel up the global monk fruit sugar market.
Monk Fruit Sugar Market: Market Dynamics
Owing to the consumers’ increasing awareness about low-calorie food diets, natural and low-calorie sugar processed from monk fruit is considered to be a healthy choice. Owing to the presence of high antioxidant levels, monk fruit sugar can be preserved for a long period of time without losing out its valuable nutrients. Monk fruit sugar is extracted from dried monk fruits that is considered to have insignificant amounts of glucose and fructose. Monk fruit sugar market is expected to witness a high demand owing to its health benefits such as cooling agent. Monk fruit sugar acts as a cooling agent for the human body to cure fever, heat strokes, and sore throats. Monk fruit sugar is proven to have anti-carcinogenic effects as compared to other fruit sugar sweeteners. Other health benefits such as combating infections, fatigues, diabetes contribute the growth of global monk fruit sugar market. Demand from food and beverage and pharmaceutical industry also contribute significantly to the increasing demand for monk fruit sugar market. Food and beverage manufacturers, in order to meet the consumer demand for healthy and low-calorie, delicious food use monk fruit sugar for food products such as desserts, health drinks, jams, jellies, sauces and others. Monk fruit sugar has a valuable application in the pharmaceutical industry in medicines that help in curing cough, respiratory ailments, constipation, and diabetic treatment. Owing mainly to the health benefits, monk fruit sugar market is set to witness an increasing demand over the forecast period.
Monk fruit is an expensive and a rare fruit, therefore importing monk fruits can be very difficult and costly too. Availability of monk fruit sugar is challenging as compared to other fruit sweeteners, therefore, these potential restraints can hinder the growth of global monk fruit sugar market.
Monk Fruit Sugar Market: Segmentation
Monk fruit sugar market can be segmented on the basis of its type, which includes:
- Monk Fruit in Raw
Monk fruit sugar market can be segmented on the basis of application, which includes:
- Food & Beverage
- Dairy Products
- Nutrition Drinks
- Cough Remedy
- Diabetics Treatment
- Cancer Treatment
Monk Fruit Sugar Market: Regional Segmentation
The geographical segmentation of global monk fruit market includes, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA). U.S in North America, accounts for a significant market share in the monk fruit sugar market owing to the increasing demand from the food industry. Europe and APEJ account for potential markets for the global monk fruit market to expand owing to the increasing consumer demand for healthy and low-calorie sugar.
Monk Fruit Sugar Market: Key Players
Key players operating in the global monk fruit sugar market include Archer Daniels Midland Company, and Monk Fruit Corp.
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