Monk Fruit Sweetener Market Size, Share & Trends Analysis Report By Product (Organic, Conventional), By End Use (B2B, B2C), By Form (Solid, Liquid), By Region, And Segment Forecasts, 2024 - 2030

Monk Fruit Sweetener Market Size & Trends

The global monk fruit sweetener market size was estimated at USD 353.7 million in 2023 and is expected to expand at a CAGR of 7.7% from 2024 to 2030. The global rise in diabetes and obesity has fueled demand for sugar alternatives that do not raise blood sugar levels. Monk fruit sweeteners, having a glycemic index of zero, are particularly appealing to diabetic and pre-diabetic individuals. Health organizations and nutritionists often recommend monk fruit sweeteners to diabetic patients as a safe alternative to sugar.

Increasing consumer awareness about health and wellness has led to a growing demand for natural, low-calorie sweeteners. Monk fruit sweeteners, being natural and zero-calorie, are seen as healthier alternatives to sugar and artificial sweeteners. The rise in popularity of diets such as keto, paleo, and low-carb has increased the demand for monk fruit sweeteners among consumers looking to reduce sugar intake without sacrificing sweetness.

Technological advancements in the extraction and processing of monk fruit sweeteners have improved their taste, making them more palatable and versatile in different applications. Companies like Monk Fruit Corp. have developed proprietary technologies to enhance the taste profile of monk fruit sweeteners, making them suitable for a wider range of food and beverage products.

Regulatory bodies such as the FDA (U.S. Food and Drug Administration) and EFSA (European Food Safety Authority) have approved monk fruit sweeteners as safe for consumption, increasing consumer trust and market adoption. The FDA’s GRAS (Generally Recognized As Safe) status for monk fruit sweeteners has encouraged food and beverage manufacturers to use them in a variety of products.

Product Insights

Conventional monk fruit sweeteners accounted for a market share of 82.6% of global revenues in 2023. The growth of conventional monk fruit sweeteners is primarily driven by the increasing consumer demand for natural, low-calorie alternatives to sugar, fueled by rising health consciousness and the prevalence of diabetes and obesity. Additionally, the clean label movement has amplified consumer preference for products with simple, natural ingredients, positioning monk fruit sweeteners as a favorable option.

The organic market is projected to grow at a significant CAGR from 2024 to 2030 driven by the rising consumer demand for organic and natural products, driven by health and environmental concerns. Health-conscious consumers are increasingly seeking organic alternatives to avoid synthetic pesticides and chemicals, and organic monk fruit sweeteners meet this need. Brands such as Lakanto and NOW Foods offer organic monk fruit sweeteners, catering to consumers who prioritize organic certifications. Regulatory support and certifications for organic products further boost consumer trust and market adoption, driving significant growth in this segment.

Form Insights

Solid monk fruit sweeteners accounted for a market share of 73.3% of the global revenues in 2023. The growth of solid monk fruit sweeteners, such as granules and powders, is primarily driven by their versatility and ease of use in various culinary applications. Consumers and manufacturers alike favor these formats for their convenient integration into recipes and food products, from baking to beverages. For example, brands like Lakanto offer granulated monk fruit sweeteners that mimic the texture and sweetness of sugar, making them ideal for baking cookies and cakes.

The liquid monk sweetener market is projected to register at the highest CAGR from 2024 to 2030. The demand for liquid monk fruit sweeteners is driven by their convenience and suitability for a wide range of applications, including beverages, sauces, and dressings. Liquid formats are particularly appealing to consumers seeking easy-to-mix, quick-dissolving sweeteners for drinks like coffee, tea, and smoothies. For example, the brand SweetLeaf offers liquid monk fruit sweeteners that are popular for their versatility and ease of use in both hot and cold beverages.

End Use Insights

B2B end use of monk fruit sweeteners accounted for a share of 63.8% of the global revenues in 2023. The growth of monk fruit sweeteners in B2B applications is driven by the increasing demand from food and beverage manufacturers for natural, low-calorie sweeteners that cater to health-conscious consumers. Companies are seeking to reformulate products to reduce sugar content without compromising taste, and monk fruit sweeteners provide an ideal solution. For example, large beverage companies like Coca-Cola and PepsiCo are incorporating monk fruit sweeteners into their product lines to offer healthier, low-calorie options. Additionally, the clean label movement in the food industry encourages manufacturers to use recognizable, natural ingredients, further driving the adoption of monk fruit sweeteners in B2B markets.

B2C end use of monk fruit sweeteners is anticipated to grow at a significant CAGR from 2024 to 2030. The growth of monk fruit sweeteners in B2C applications is primarily driven by increasing consumer awareness and demand for natural, low-calorie sugar alternatives. Health-conscious consumers are looking for ways to reduce their sugar intake without sacrificing taste, leading to the rising popularity of monk fruit sweeteners. For instance, brands like Lakanto and Monk Fruit Corp offer monk fruit sweeteners in convenient consumer-friendly formats, such as granules, powders, and liquid drops, making them easy to use in daily cooking and baking. The trend towards clean eating and avoiding artificial ingredients also boosts the demand for monk fruit sweeteners.

Regional Insights

The monk fruit sweetener market of North America is projected to grow at a CAGR of 6.6% from 2024 to 2030. The growth of the monk fruit sweeteners market in North America is driven by increasing consumer demand for natural, low-calorie sugar substitutes amid rising health consciousness and the prevalence of diet-related conditions like diabetes and obesity. The clean label trend and preference for organic and non-GMO products also play significant roles in driving market expansion. For example, North American brands like Lakanto and NOW Foods have seen substantial growth by offering monk fruit sweeteners that cater to health-conscious consumers seeking to reduce sugar intake without sacrificing taste.

U.S. Monk Fruit Sweetener Market Trends

The U.S. monk fruit sweetener market is projected to grow at a CAGR of 6.9% from 2024 to 2030. Rising consumer focus on health and wellness, particularly the need to reduce sugar consumption amid increasing rates of diabetes and obesity further propel the growth of the market. The clean label trend, which emphasizes natural and minimally processed ingredients, significantly boosts demand for monk fruit sweeteners. For example, brands like Lakanto and Monk Fruit Corp offer a range of monk fruit sweeteners that appeal to health-conscious consumers and those following specific diets like keto and paleo.

Europe Monk Fruit Sweetener Market Trends

The monk fruit sweetener market of Europe is projected to grow at a significant CAGR from 2024 to 2030. This is mainly driven due to increasing consumer demand for natural and healthy alternatives to sugar, spurred by rising health awareness and concerns about obesity and diabetes. The European market's strong emphasis on clean labels and organic products aligns well with the natural origin of monk fruit sweeteners. For example, companies like Tate & Lyle and PureCircle (a part of Ingredion) are expanding their offerings of monk fruit sweeteners to cater to health-conscious European consumers.

Asia Pacific Monk Fruit Sweetener Market Trends

Asia Pacific monk fruit sweetener market accounted for a share of 47.1% of the global revenue in 2023. The growth is driven by increasing health consciousness and the rising prevalence of lifestyle-related diseases such as diabetes and obesity. The long-standing use of monk fruit in traditional Chinese medicine enhances consumer trust and acceptance in this region. Companies like Guilin Layn Natural Ingredients and Monk Fruit Corp., which are based in or have strong ties to Asia, are leveraging this cultural familiarity to expand their product offerings.

Key Monk Fruit Sweetener Company Insights

The market is characterized by the presence of several key players, including Guilin Layn Natural Ingredients Corp., Monk Fruit Corp., Archer Daniels Midland Company (ADM), Tate & Lyle, and Cargill. These companies are investing heavily in research and development to improve the extraction and processing techniques of monk fruit, ensuring better taste and wider application versatility. Strategic partnerships and collaborations are common as companies aim to enhance their product portfolios and market reach.

Recent Developments

• In October 2023, Lakanto launched a new product in its Monk Fruit sweetener lineup. The Monkfruit Sweetener with Allulose blends the natural sweetness of monk fruit with the distinctive properties of allulose, offering consumers a wider selection of natural sugar alternatives.

• In April 2023, SweetLeaf, a manufacturer of stevia and monk fruit sweeteners, teamed up with the American Diabetes Association to endorse its natural, sugar-free monk fruit sweetener as a healthier option suitable for diabetes management. Through this collaboration, the company actively engages in ADA initiatives, including participation in events like the Tour de Cure held at SweetLeaf’s headquarters in Arizona.

Monk Fruit Sweetener Market Report Scope

Global Monk Fruit Sweetener Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global monk fruit sweetener market report based on product, end use, form, and region.

• Product Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

  • Organic

  • Conventional

• End Use Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

  • B2B

    • Bakery & Confectionery

    • Beverages

    • Dairy & Frozen Desserts

    • Pharmaceuticals

    • Others

  • B2C

    • Hypermarkets/Supermarkets

    • Convenience Stores 

    • Online

    • Others

• Form Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

  • Solid

  • Liquid

• Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • Spain

    • Italy

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa