The global monk fruit ingredient market size was exhibited at USD 219 million in 2024 and is projected to hit around USD 350 million by 2034, growing at a CAGR of 4.8% during the forecast period 2024 to 2034.
Monk fruit is small sized fruit which can be used as a sugar substitute due to its diverse and healthy properties like anti-inflammatory, antioxidant capabilities and high nutritional content along with great flavor, aroma. The monk fruit ingredient market is driving due to factors like increasing demand for natural sweetener, growing health consciousness among most of the people, increasing people diagnosed with diabetes. Increasing awareness about negative health impacts due to excessive sugar and sugary products and its consumption encouraging people to opt for alternatives like monk fruit ingredient. Also, the prevalence of diabetes has been notably increasing globally thus, people are looking for non-calorie and natural sweetener.
Although, the market is experiencing a barrier in terms of high cost and regulatory implications. Monk fruit sweetener is currently more expensive and can't be affordable for lay people to used it as daily ingredient in kitchen. Its complex extraction process, adoption and limited availability make it more expensive, creating limitations on markets expansion. However, to combat its restraining factors, market leaders are collaborating with food and beverages companies for the incorporation of monk fruit in the food products creating more opportunities to markets proliferation on a large scale.
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| Stats ID: | 7361 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Stats ID: | 7361 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
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