Sales in the global monk fruit sugar market are expected to be valued at USD 124.0 million in 2023. It is anticipated to witness a CAGR of 5.2% during the forecast period 2023 to 2033. It is set to reach a value of USD 201.8 million by 2033.
Consumers have become more health-conscious and concerned about the impact of sugar on their diets. This has led to a growing demand for natural and low-calorie sweeteners during the forecast period.
Monk fruit sugar, also known as monk fruit extract or monk fruit sweetener is derived from the monk fruit plant. It is considered a natural alternative to traditional sugar. Consumers looking for healthy sweetening options prefer it because of its zero-calorie and low-glycemic properties.
The global prevalence of diabetes and obesity has been on the rise, driving the demand for sugar substitutes. Monk fruit sugar does not raise blood sugar levels like traditional sugar.
Monk fruit sugar makes for a suitable option for individuals with diabetes or those who need to manage their blood sugar levels. It can be used as a sugar replacement in food and beverage products without compromising taste or texture.
There is now increased consumer awareness of potential health risks associated with artificial sweeteners, such as aspartame and sucralose. This has led to a shift towards natural alternatives.
Monk fruit sugar is considered a natural sweetener without the negative health concerns often associated with artificial sweeteners. This has contributed to its growing acceptance and adoption in several food and beverage applications.
Monk fruit sugar offers food and beverage manufacturers an opportunity to develop new products or reformulate existing ones to cater to health-conscious consumers. Its natural origin and sweetening properties make it an attractive ingredient for beverages, baked goods, confectionery, and more.
Regulatory bodies in different countries have approved the use of monk fruit sweeteners as a food ingredient. For instance, in the United States, monk fruit extract is categorized as Generally Recognized as Safe (GRAS) by the Food and Drug Administration (FDA). Such regulatory support provides confidence to manufacturers and consumers regarding the safety and suitability of monk fruit sugar as a sweetener.
Monk fruit sugar products include granulated monk fruit sweeteners and monk fruit-based blends. They are becoming widely available in supermarkets, health food stores, and online platforms.
Manufacturers are continuously introducing innovative monk fruit sugar-based products to meet evolving consumer needs. The demand for flavored syrups, powdered sweeteners, and ready-to-drink beverages is rising in the market. The increased availability and product innovation is expected to contribute to the growth of the monk fruit sugar industry over the forecast period.
Key Trends Listed by Future Market Insights (FMI):
| Attributes | Key Insights |
|---|---|
| Estimated Monk Fruit Sugar Market Size (2023E) | USD 124.0 million |
| Projected Market Value (2033F) | USD 201.8 million |
| Value-based CAGR (2023 to 2033) | 5.2% |
| Top 3 Countries’ Value Share | USD 114.0 million |
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Future Market Insights (FMI) reveals that the global monk fruit sugar sales increased at 3.3% CAGR during the historical period from 2018 to 2022. During the forecast period, the market for monk fruit sugar is forecast to progress at 5.2% CAGR.
Consumers are now becoming more aware of the detrimental health effects of excessive sugar consumption. Monk sugar has found demand for being a natural sweetener having low glycemic index values.
Monk fruit sugar provides a sweet taste without impacting blood sugar levels which makes it an ideal choice for individuals with diabetes or those looking to manage their weight.
Manufacturers are now investing in research and development to improve the taste and stability of monk fruit sugar to make it versatile for use in diverse applications.
Advancements in extraction and purification technologies have increased production efficiency. This has reduced the cost associated with monk fruit sugar and made it more economical for commercial use.
Monk fruit is not available as a fresh fruit option due to its short shelf life. Monk fruit is, instead, available as a sugar supplement, a dietary supplement, and a food additive for processed food products. To reduce overall costs, monk fruit manufacturers sell products that are blended with several types of other sugar substitutes.
Monk fruit sugar is widely used in the food sector as a sugar substitute in beverages and beverage mixes. These beverages include carbonated beverages and fruit juices.
Hard and soft candy, chewable candy and tablets, nutritional & dietary products, table-top sweeteners, dry-mix products, fruit spreads, salad dressings, and flavor enhancers are also key application areas of monk fruit sugar in the food sector.
Monk fruit sugar has no effect on blood sugar levels, making it a safe alternative for diabetics. It is also commonly used in keto diets as a sugar alternative.
| Region | North America |
|---|---|
| Country | United States |
| CAGR | 4.6% |
| BPS Analysis | 39 |
| Market Value (2033) | USD 90.5 million |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 4.9% |
| BPS Analysis | 29 |
| Market Value (2033) | USD 11.7 million |
| Region | Asia Pacific |
|---|---|
| Country | Germany |
| CAGR | 5.0% |
| BPS Analysis | 45 |
| Market Value (2033) | USD 11.8 million |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 5.0% |
| BPS Analysis | 40 |
| Market Value (2033) | USD 3.7 million |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 4.5% |
| BPS Analysis | -23 |
| Market Value (2033) | USD 2.4 million |
Strong Consumer Demand For Natural And Healthy Sweeteners Driving Sales of Monk Fruit Sugar
As per Future Market Insights (FMI), the United States monk fruit sugar market is expected to reach a valuation of around USD 90.5 million by 2033. It is projected to expand at 4.6% CAGR over the forecast period.
Monk fruit which is also called luo han guo resembles a small melon and has been used as a sweetener and in herbal remedies for centuries. It has recently become more available in the United States in dry and powder forms.
In the United States, consumers are getting more health conscious and aware of the negative health impacts of excessive sugar intake in their diet. They are continuously seeking alternatives that provide sweetness without any bad calories and that will not impact blood sugar levels.
The clean label trend is also becoming popular in the United States as consumers are seeking products with transparent and recognizable ingredients. The companies are well established in the United States and are investing heavily in research and development to improve the taste, stability, and versatility of monk fruit sugar.
Rising Integration of Monk Fruit Sugar in Food and Beverages Applications Fuelling Growth
As per the FMI analysis, the United Kingdom monk fruit sugars industry is poised to exhibit a CAGR of 4.9% during the assessment period. By 2033, the United Kingdom market size is expected to reach USD 11.7 million.
There has been growing recognition of the importance of monk fruit sugar as a healthy alternative. It offers a natural and zero-calorie sweetening solution without any side effects. This is a key factor that is expected to fuel demand in the United Kingdom during the projection period.
A wide range of diabetic patients are turning towards natural and low-calorie diets to manage their blood sugar levels. This allows the consumer to enjoy their food without any reservations.
The availability of this sugar in forms such as powder and granules has expanded its foothold in the United Kingdom. It used in several food and beverages applications including snacks and baked goods. The United Kingdom government and regulatory bodies had banned the use of this ingredient in 2018 but got subsequent approval to be used in food products.
Demand in the Market to Remain High for Powdered Form Due to its Versatility
Based on form, demand is expected to remain high for powdered segment during the assessment period. As per Future Market Insights (FMI), with a market share of around 88.4%, the powdered form segment is projected to reach a valuation of USD 171.2 million in 2033.
Powdered form monk fruit sugar is being widely used compared to liquid form due to its convenience and ease of use in several applications. Powdered form of monk fruit sugar is easy to handle and store.
It can be conveniently produced, measured and added to recipes, which makes it an efficient option for both consumers and manufacturers.
The powdered form, generally, has a long shelf life compared to the liquid form and can be stored for extended periods without losing its sweetness and quality. Its wide range of applications makes it preferred in baking, cooking, and beverage applications. It can be used in cake mixes and as a sweetener in liquid-based recipes, as well.
It can be easily blended with other dry ingredients ensuring even distribution throughout the mixture which results in a more consistent sweetness profile in the final product. It can be handled well while transportation as it is less prone to spillage reducing wastage of the product.
Formulation Versatility And Compatibility Increasing its Demand from the Food and Beverage Sector
The food and beverage segment is expected to register a CAGR of 4.7% over the projection period from 2023 to 2033. The target segment is likely to reach a market value of USD 139.5 million by the end of 2033.
Monk fruit sugar is primarily valued for its natural sweetness. It provides a desirable sweet taste to food and beverages without added calories.
Monk fruit sugar, particularly in its powdered form, is highly compatible with diverse food and beverage applications. It can be incorporated into dry mixes, beverages, baked goods, and other products.
Increasing consumer awareness and preferences towards healthier food and beverage options drive the increasing use of these sugars in the food and beverage sector. The use of these sugars in the pharmaceutical industry depends on regulations formulated by different countries.
Key manufacturers are might focusing on developing innovative monk fruit juice products to attract customers. This could include creating different flavors and blends, incorporating monk fruit juice into various beverages. They are also combining it with other natural ingredients to enhance taste and appeal.
For instance:
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| Attribute | Details |
|---|---|
| Market Size (2023) | USD 124.0 million |
| Projected Market Value (2033) | USD 201.8 million |
| Anticipated Growth Rate (2023 to 2033) | 5.2% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Volume (MT) and Value (USD Million) |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
| Key Market Segments Covered | Nature, Form, End-use, Packaging Type, Sales Channel, and Region |
| Key Companies Profiled | 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 Ltd.; Group Krisda Stevia Canada Inc.; Bulk Barn Foods Limited |
The market is estimated to secure a valuation of USD 124.0 million in 2023.
The growth potential of the market is 5.2% CAGR through 2033.
The global market size is estimated to reach USD 201.8 million by 2033.
Archer Daniels Midland Company, Monk Fruit Corp., and Apura Ingredients are the key market players.
The rising integration of monk fruit sugar in food and beverage applications is fueling the United Kingdom's market growth.
| Estimated Size, 2024 | USD 77 million |
|---|---|
| Projected Size, 2034 | USD 135 million |
| Value-based CAGR (2024 to 2034) | 5.8% |
| Market Value for 2024 | USD 1,932.0 million |
|---|---|
| Projected Market Value for 2034 | USD 3,882.2 million |
| Value-based CAGR (2024 to 2034) | 7.2% |
| Expected Market Value (2022) | USD 5,456 Million |
|---|---|
| Anticipated Forecast Value (2032) | USD 11,120 Million |
| Projected CAGR (2022 to 2032) | 7.4% |
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