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.
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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:
- Purelo
- Lakanto
- Monk Fruit in Raw
- Nectresse
Monk
fruit sugar market can be segmented on the basis of application,
which includes:
Food
& Beverage
- Dairy Products
- Desserts
- Salads
- Bakery
- Confectionery
- Tea
- Nutrition Drinks
- Juices
- Others
Pharmaceuticals
- Cough Remedy
- Diabetics Treatment
- Cancer Treatment
- Others
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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