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Views: 1 Author: Lucianna Huang Publish Time: 2024-08-21 Origin: CadyTian
Monk Fruit Sweetener Market
The global monk fruit sweeteners market is projected to register a CAGR of 4.8% over the next five years.
The rising health consciousness among consumers is placing additional demand for naturally derived sweeteners. The negative health effects of sugar, especially in diabetic patients, and the rise in diabetic incidences are bound to support the market demand.
Monk fruit sweeteners contain added functional properties such as anti-inflammatory, anti-microbial, and anti-carcinogenic properties, providing additional medicinal value to consumers. Consumers are making healthier food choices, and the market is witnessing a shift in consumer attitudes toward sugar and other sugar products. The preference towards low-calorie or zero-calorie sugar products by consumers across the globe is aiding the market demand.
Furthermore, incorporating innovations with new product formulations further fuels the market. Research shows multiple potential applications of monk fruit sweeteners, which is, in turn, increasing the research and development expenditure by the market players. They are offering unique and better products than other market competitors to enhance their sales and maintain their market share. Manufacturers are offering a variety of natural sweeteners in their purest form.
Hunan Huakang as the top manufacturer of Monk Fruit Extract is offerring the sweetness range from 160-300X depending on the Mogroside V content, as shown in the table below:
Ingredient | Sweetness X |
Mogroside V 55 | 300 |
Mogroside V 50 | 300 |
Mogroside V 40 | 220 |
Mogroside V 25 | 160 |
Applications
Monk fruit is stable across many food applications, and can be used synergistically with stevia in food and beverage formulations. The following are some common applications:
Beverages
1) Flavored bottled water
2) Functional bottled water
3) Lemonade/limeade
4) Carbonates
5) Fruit/herbal tea
6) Plant-based hot drinks
7) Powder concentrates
8) Still RTD tea
9) Frozen juice drinks
Packaged Foods
1) Tablets
2) Chocolate spreads o Muesli
3) Jam and preserves o Licorice
4) Pastilles, gums, jellies and chews
5) Nutritional/sport bars
Furthermore, market players are introducing innovations in the market and launching monk fruit sweeteners for application in sports and nutrition-based supplements, further influencing market demand and growth. Consumers are greatly inclined towards natural products and other sugar alternatives. The rise in health problems caused by artificial sweeteners drives consumers towards natural sweeteners such as monk fruit.
