Monk fruit sugar Market Analysis: The market potential for dietary supplements is expected to remain consistent by 2026 end
Transparency Market Research offers an eight-year forecast for the global monk fruit sugar market between 2018 and 2026. In a recently released report by the company, the global monk fruit sugar market is expected to register a CAGR of 4.5% during the forecast period. The primary objective of the report is to offer insights on the developments and prospect in the monk fruit sugar market. The study demonstrates market dynamics that are predictable to influence the current challenges and future status of the global monk fruit sugar market over the forecast period. This report also offers updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global and regional monk fruit sugar market.
Global Producers to Increase the Scale and Speed of their R&D Efforts
In recent years, research on different monk fruit sugar processing has shown its potential use in a wide range of applications. Keeping that in mind, a variety of natural sweeteners are now available in their purest forms. Hence, it is anticipated that different applications of monk fruit sugar could also be identified with an increase in research and development expenditure. Large companies are constantly identifying avenues in order to enhance their portfolio of monk fruit sugar with innovative new products to explore new market possibilities. It is expected that the focus on R&D will increase over the forecast period, as companies are expected to offer monk fruit sugar that are unique and better than their rivals. Manufacturers are also likely to be focusing on positioning their brands of monk fruit sugar better to improve their sales.
Shift in Consumer Preference and Increasing Per Capita Expenditure on On-the-Go Food
With increasing development and an increase in consumer purchasing power, consumers are spending more on processed, and on-the-go food & beverages products, which saves time that is normally required to prepare conventional meals. Growing consumer expenditure on on-the-go meals is also driving the growth of the global monk fruit sugar market, and this trend is expected to continue over the forecast period.
Over the years, consumer attitudes have changed towards sugar intake. Consumers are preferring low calorie or zero calorie food products which are processed with sugar substitutes. In the food and beverage industry, cutting down sugar content, swapping out the white stuff for alternative low-calorie sweeteners and monk fruit sugar has become a top priority for food formulators leading to increased demand for monk fruit sugar.
Direct Sales Likely to Remain Preferred Means for Monk fruit sugar
Monk fruit sugar have gained popularity in recent years as people have become increasingly aware of its associated benefits. Presently, most of the monk fruit sugar available in the market are used in the food processing industry due to which direct or business to business sales are higher as compared to indirect sales. Many naturally derived sweetener producers have tied up with food & beverage giants as exclusive suppliers. However, with growing product acceptance and launches of monk fruit sugar in innovative packaging formats for retail use, the indirect sales for household and retail consumption is expected to rise in the coming years.
Monk fruit sugar Market Outlook
A section of the report highlights the global demand for monk fruit sugar. It also provides a market outlook for 2018–2026 and sets the forecast within the context of the dates.
This study discusses key drivers, and opportunities contributing to the growth of the global monk fruit sugar market, as well as analyses the degree to which drivers are influencing the global market. In the final section of the global monk fruit sugar report, a competitive landscape has been included to provide report audiences with a dashboard view. Key categories of providers covered in the report are global monk fruit sugar key players. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key product offerings and recent developments in the global pea protein market space.
Market participants in the global monk fruit sugar market include, 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
The Transparency Market Research report on global Monk fruit sugar market analyzes prospects in the market and presents updates and insights pertaining to various segments of the global monk fruit sugar market over the forecast period, 2018–2026.
This report, provides forecast and analysis of the global monk fruit sugar market. It provides actual data of 2017 along with estimated data of 2018, and forecast data up to 2026 in terms of revenue (US$ Mn) and volume (MT). The report includes share of top monk fruit sugar countries in the world, export/import volume and value of monk fruit sugar of top exporting and importing countries and industry value chain analysis. The report also comprise of macroeconomic indicators along with an outlook on monk fruit sugar for the global market. It includes drivers and restraints of the global Monk Fruit Sugar market and their impact on each region during the forecast period. Report also includes ongoing trends and market opportunities for Monk Fruit Sugar producers in the end use industry such as food & beverages, pharmaceuticals, commercial, and household. The study encompasses market attractiveness analysis by nature, form, end use, packaging type, sales channel, and region.
In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and competition deep dive of companies engaged in the business of Monk Fruit Sugar. Report comprised of information related to key players of Monk Fruit Sugar market, their strategic overview and recent developments in their business areas. The report also includes types and forms of Monk Fruit Sugar offered by key players across North America, Europe, Asia Pacific, and Middle East and Africa.
This report covers market dynamics related to Monk Fruit Sugar that includes drivers and trends driving each segment and opportunities in Monk Fruit Sugar market. Report also includes 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, product portfolio of Monk Fruit Sugar manufacturers and recent developments in the Monk Fruit Sugar space. Company profiles also includes regional presence of Monk Fruit Sugar manufacturers and in the regions where the manufacturers offers their products. Monk Fruit Sugar market participants 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
The monk fruit sugar market is segmented on the basis of nature, form, end use, packaging type, sales channel, and region.
Global Monk Fruit Sugar Market – By Nature
Global Monk Fruit Sugar Market – By Form
Global Monk Fruit Sugar Market – By End-Use
- Food & Beverage Industry
- Dairy & Ice-cream
- Chocolate & Confectionery
- Breakfast Cereals
- Pharmaceutical Industry
- Food & Beverage Industry
- Commercial (HoReCa)
- Household (Retail)
Global Monk Fruit Sugar Market – By Packaging Type
- Bags & Sacs
- Folding Cartons
Global Monk Fruit Sugar Market – By Sales Channel
- Business to Business
- Business to Consumer
- Store Based Retailing
- Convenience Stores
- Food & Drink Specialty Stores
- Online Retailing
- Store Based Retailing
The data analysis for global monk fruit sugar market is estimated in terms of value and volume consumption. To arrive at the volume consumption of monk fruit sugar, production data of countries producing monk fruit sugar across the globe has been taken into consideration. In addition to, the production of sweeteners varieties in top producing countries is also tracked and further production capacities of key market players and there share in the global market is tracked for understanding consumption in key countries. The consumption of sweeteners is further analyzed and share of varied type of sweeteners is tracked for validating market of monk fruit sugar. The Furthermore, Transparency Market Research estimated volume data on consumption of Monk Fruit Sugar for several countries by understanding the demand and supply of monk fruit sugar. It includes production, growth, volume and value sales, transition, pricing, per capita consumption, population, consumer preference, and consumption of Monk Fruit Sugar among end user verticals is scrutinized.
PMR then determined the volume consumption of monk fruit sugar across various regions including North America, Latin America, Asia-Pacific, and Middle East and Africa. Forecasting is done on internal proprietary model using different macro-economic, industry-based demand driving factors impacting the market and its forecast trends. By identifying and allocating a weighted score to forecast factors that influence the demand for monk fruit sugar. These factors were the representative of an entire value chain, as well as the macro-economic indicators such as production, production capacities of key companies, per capita spending on food products have been taken into consideration to arrive at the volume consumption of monk fruit sugar in respective countries.
Weighted average selling price for monk fruit sugar was considered to estimate the market size for top monk fruit sugar consuming countries. These prices were captured in their respective countries and then converted into USD to offer forecasts in one consistent currency standard.
Given the characteristics of the market, PMR triangulated the data based on supply side, demand side, and dynamics of the global monk fruit sugar market. To develop the global monk fruit sugar market forecast, PMR analyzed various factors to understand their respective impact on the target market. However, quantifying the market across the abovementioned segments is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating economy, we not only provide forecasts in terms of CAGR but also analyze on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify the right opportunities.
Another key feature of this report is analysis of the global monk fruit sugar market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global monk fruit sugar market.
To understand key segments in terms of their growth and performance in the global monk fruit sugar market, Transparency Market Research has also presented a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global monk fruit sugar market.
The report covers an in-depth analysis of all components of value chain in the global monk fruit sugar market. In the final section of the report on the global monk fruit sugar market, competitive landscape is included to provide a dashboard view of global monk fruit sugar manufacturers.