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Rising incidence of obesity and diabetes globally is expected to drive the market demand for monk fruit sugar.

HYDERABAD, TELANGANA, INDIA, Sept. 1, 2022 / — IndustryARC in its latest report predicts monk fruit sugar market size to reach $146.3 million by 2027, with a CAGR of 4.2% over the forecast period 2022-2027. Widespread use in traditional remedies for sore throats and coughs, increasing use in the food and beverage industry, health benefits (safety against diabetes, weight loss and anti- inflammation) and the refining of infrastructure in developing countries that facilitates transportation are definite factors. to drive the growth of the Monk Fruit Sugar Market for the period 2022-2027. The report offers a comprehensive analysis of the market, its main segments, growth factors, trends, drivers and challengers, key players and more.

Key points to remember:

This IndustryARC report on the Monk Fruit Sugar Market highlights the following areas –

1. Geographically, the North America monk fruit sugar market accounted for the highest revenue share in 2021. The growth is driven by high consumer living standards in the US and Canada, rising awareness overwhelming to health among people, well-established infrastructure and jaw-dropping prevalence of obesity due to modern lifestyles.

2. Rising demand for low calorie foods and beverages, growing health awareness, increasing incidence of diabetes and obesity, increasing levels of disposable income and improving infrastructure in low-income countries like India and China would be the major drivers for the growth of Monk Fruit Sugar Market. Soaring inflation rates, large-scale unemployment, and environmental disasters are said to reduce market growth.

3. A detailed analysis of the strengths, weaknesses and opportunities of key players operating in the market will be provided in the Monk Fruit Sugar Market report.

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Segmental analysis:

1. The monk fruit sugar market based on application can be further segmented into food & beverages and pharmaceuticals. The food and beverage segment held the largest share in 2021. Furthermore, the food and beverage segment is expected to witness the fastest growth with a CAGR of 5.4% over the forecast period 2022-2027.

2. The monk fruit sugar market based on distribution channels can be further segmented into offline platforms (supermarkets/hypermarkets, convenience stores and retail stores) and online. The offline segment held the largest share in 2021. However, the online platform segment is estimated to be growing fastest with a CAGR of 5.9% over the forecast period 2022-2027. This growth is due to the rapid migration of people from the countryside to the cities in search of better living conditions.

3. North America held the largest share with 38% of the overall market in 2021. The growth of this segment is driven by factors such as growing need for healthcare like incidence of diabetes and obesity. However, Asia-Pacific is expected to be the fastest growing segment during the forecast period 2022-2027. This growth is due to the huge consumer base, the intensification of the spread of disease as much of the population ages, and the increase in consumer purchasing power with the growing economic wealth of countries. in development. Furthermore, improving online retail networks through expanding internet penetration has its fair share in driving the aforementioned market in the said segment.

Competitive landscape:

Top 5 Players in the Monk Fruit Sugar Industry are –

1. Archer Daniels Midland Company

2. Monk Fruit Society

3. Tate & Lyle Plc.

4.GLG Life Tech Corporation

5.Steviva Brands Inc.

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Similar reports:

A. Market for sugar substitutes

B. Artificial Sweeteners Market

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