Product Code: GVR-4-68040-358-9
Monk Fruit Sweetener Market Growth & Trends:
The global monk fruit sweetener market is expected to reach USD 592.4 million by 2030, exhibiting a CAGR of 7.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global market is driven by increasing consumer awareness and health concerns and wellness are prompting a shift towards natural, low-calorie sweeteners. Monk fruit sweeteners, known for their zero-calorie content and natural origin, appeal to health-conscious consumers seeking alternatives to sugar and artificial sweeteners.
The monk fruit sweeteners market presents several growth opportunities. There is potential for expansion in the functional foods and beverages sector, where monk fruit sweeteners can be used to enhance the nutritional profile of products without compromising taste. Additionally, increasing adoption in the pharmaceutical and personal care industries for products like dietary supplements and oral care products presents new avenues for market penetration.
Consumer trends in the Monk Fruit sweeteners market include a preference for clean-label products, driven by concerns over health and environmental impact. There is also a growing interest in keto and low-carb diets, where monk fruit sweeteners are favored for their ability to provide sweetness without impacting blood sugar levels. Additionally, the demand for organic and non-GMO products continues to rise, influencing purchasing decisions among health-conscious consumers. Brands like Monk Fruit Corp. and NOW Foods are responding to these trends by offering certified organic monk fruit sweeteners, appealing to consumers seeking natural and sustainable options.
The competitive landscape of the Monk Fruit sweeteners market is characterized by the presence of key players such as Guilin Layn Natural Ingredients, Monk Fruit Corp., and Tate & Lyle, among others. These companies are actively involved in product innovation and development to enhance taste profiles and expand applications across various industries. Strategic partnerships and collaborations are common strategies, aimed at strengthening market presence and leveraging distribution networks.
Monk Fruit Sweeteners Market Report Highlights:
- Conventional monk fruit sweeteners captured 82.6% of global revenues in 2023, driven by rising consumer demand for natural, low-calorie sugar substitutes amidst increasing health awareness and the prevalence of diabetes and obesity.
- The liquid monk fruit sweetener segment is forecasted to grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2030, propelled by their convenience and suitability across various applications, including beverages, sauces, and dressings.
- B2C use of monk fruit sweeteners is expected to expand at a CAGR of 8.8% from 2024 to 2030, fueled by heightened consumer awareness and preference for natural, low-calorie alternatives to sugar.
- In 2023, the Asia Pacific region accounted for 47.1% of global monk fruit sweetener revenues, driven by increasing health consciousness and rising incidences of lifestyle-related diseases like diabetes and obesity.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Products & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Information & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Regional Outlook
Chapter 3. Monk Fruit Sweetener Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales & Retail Channel Analysis
- 3.2.2. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis
- 3.4.1. Porter's Five Forces Analysis
- 3.4.2. PESTLE Analysis
- 3.5. Market Entry Strategies
Chapter 4. Monk Fruit Sweetener Market: Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Behavior
- 4.4. Consumer Service Adoption Trends
- 4.5. Key Observations & Findings
Chapter 5. Monk Fruit Sweetener Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2023 & 2030
- 5.2. Organic
- 5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 5.3. Conventional
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
Chapter 6. Monk Fruit Sweetener Market: End Use Estimates & Trend Analysis
- 6.1. End Use Movement Analysis & Market Share, 2023 & 2030
- 6.2. B2B
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 6.2.2. Bakery & Confectionery
- 6.2.2.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 6.2.3. Beverages
- 6.2.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 6.2.4. Dairy & Frozen Desserts
- 6.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 6.2.5. Pharmaceuticals
- 6.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 6.2.6. Others
- 6.2.6.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 6.3. B2C
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 6.3.2. Hypermarkets/Supermarkets
- 6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 6.3.3. Convenience Stores
- 6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 6.3.4. Online
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 6.3.5. Others
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
Chapter 7. Monk Fruit Sweetener Market: Form Estimates & Trend Analysis
- 7.1. Form Movement Analysis & Market Share, 2023 & 2030
- 7.2. Solid
- 7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 7.3. Liquid
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
Chapter 8. Monk Fruit Sweetener Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 8.2. North America
- 8.2.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.2.2. U.S.
- 8.2.2.1 Key country dynamics
- 8.2.2.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.2.3. Canada
- 8.2.3.1 Key country dynamics
- 8.2.3.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.2.4. Mexico
- 8.2.4.1 Key country dynamics
- 8.2.4.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.3. Europe
- 8.3.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.3.2. Germany
- 8.3.2.1 Key country dynamics
- 8.3.2.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.3.3. U.K.
- 8.3.3.1 Key country dynamics
- 8.3.3.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.3.4. Spain
- 8.3.4.1 Key country dynamics
- 8.3.4.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.3.5. Italy
- 8.3.5.1 Key country dynamics
- 8.3.5.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.3.6. France
- 8.3.6.1 Key country dynamics
- 8.3.6.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.4. Asia Pacific
- 8.4.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.4.2. China
- 8.4.2.1 Key country dynamics
- 8.4.2.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.4.3. India
- 8.4.3.1 Key country dynamics
- 8.4.2.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.4.4. Japan
- 8.4.4.1 Key country dynamics
- 8.4.4.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.4.5. South Korea.
- 8.4.5.1 Key country dynamics
- 8.4.5.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.4.6. Australia
- 8.4.6.1 Key country dynamics
- 8.4.6.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.5. Central & South America
- 8.5.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.5.2. Brazil
- 8.5.2.1 Key country dynamics
- 8.5.2.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.6. Middle East & Africa
- 8.6.1. Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
- 8.6.2. South Africa
- 8.6.2.1 Key country dynamics
- 8.6.2.2 Market estimates and forecast, 2018 - 2030 (USD Million, Kilo Tons)
Chapter 9. Competitive Analysis
- 9.1. Recent developments & impact analysis, by key market participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Share Analysis, 2023 (%)
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.9. Company Profiles
- 9.9.1. Guilin Layn Natural Ingredients Corp.
- 9.9.1.1. Company Overview
- 9.9.1.2. Financial Performance
- 9.9.1.3. Product Benchmarking
- 9.9.1.4. Strategic Initiatives
- 9.9.2. Archer Daniels Midland Company (ADM)
- 9.9.2.1. Company Overview
- 9.9.2.2. Financial Performance
- 9.9.2.3. Product Benchmarking
- 9.9.2.4. Strategic Initiatives
- 9.9.3. Tate & Lyle PLC
- 9.9.3.1. Company Overview
- 9.9.3.2. Financial Performance
- 9.9.3.3. Product Benchmarking
- 9.9.3.4. Strategic Initiatives
- 9.9.4. Monk Fruit Corp.
- 9.9.4.1. Company Overview
- 9.9.4.2. Financial Performance
- 9.9.4.3. Product Benchmarking
- 9.9.4.4. Strategic Initiatives
- 9.9.5. Cargill, Inc.
- 9.9.5.1. Company Overview
- 9.9.5.2. Financial Performance
- 9.9.5.3. Product Benchmarking
- 9.9.5.4. Strategic Initiatives
- 9.9.6. GLG Life Tech Corp.
- 9.9.6.1. Company Overview
- 9.9.6.2. Financial Performance
- 9.9.6.3. Product Benchmarking
- 9.9.6.4. Strategic Initiatives
- 9.9.7. Steviva Brands, Inc.
- 9.9.7.1. Company Overview
- 9.9.7.2. Financial Performance
- 9.9.7.3. Product Benchmarking
- 9.9.7.4. Strategic Initiatives
- 9.9.8. NOW Foods
- 9.9.8.1. Company Overview
- 9.9.8.2. Financial Performance
- 9.9.8.3. Product Benchmarking
- 9.9.8.4. Strategic Initiatives
- 9.9.9. Firmenich SA
- 9.9.9.1. Company Overview
- 9.9.9.2. Financial Performance
- 9.9.9.3. Product Benchmarking
- 9.9.9.4. Strategic Initiatives
- 9.9.10. SweetLeaf
- 9.9.10.1. Company Overview
- 9.9.10.2. Financial Performance
- 9.9.10.3. Product Benchmarking
- 9.9.10.4. Strategic Initiatives
- 9.9.11. Lakanto
- 9.9.11.1. Company Overview
- 9.9.11.2. Financial Performance
- 9.9.11.3. Product Benchmarking
- 9.9.11.4. Strategic Initiatives