Report Code: CMI34308

Published Date: November 2023

Pages: 220+

Category: Food & Beverages

Report Snapshot

CAGR: 5.4%
125.6M
2022
132.4M
2023
212.5M
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Monk Fruit Corp.
  • Tate & Lyle PLC
  • BioVittoria
  • GLG Life Tech Corporation
  • Layn Natural Ingredients
  • Julian Bakery Inc.
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Luo Han Guo Market is expected to record a CAGR of 5.4% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 132.4 Million. By 2032, the valuation is anticipated to reach USD 212.5 Million.

The Luo Han Guo market is a growing sector within the global sweetener industry, driven by increasing consumer awareness of health and wellness. Luo Han Guo, derived from the monk fruit, stands out as a natural, low-calorie sweetener with minimal impact on blood sugar levels. It has gained popularity as a sugar alternative, particularly among diabetics and health-conscious individuals.

This market’s growth is also attributed to food and beverage manufacturers’ incorporation of Luo Han Guo into various products, catering to the demand for healthier, sugar-reduced options. Additionally, advancements in production, innovative applications, and strong marketing campaigns contribute to the expanding Luo Han Guo market.

Luo Han Guo Market – Significant Growth Factors

The Luo Han Guo Market presents significant growth opportunities due to several factors:

  • Health and Wellness Awareness: The pervasive shift toward healthier lifestyles, underscored by a heightened understanding of the detrimental impacts of excessive sugar consumption on health, stands as a dominant driving force in the Luo Han Guo market. As health-conscious consumers become more discerning, the demand for this natural sweetener continues its steadfast ascent.
  • Rising Diabetic Population: The surge in the global diabetic population has become a significant catalyst for the Luo Han Guo market. Its unique attribute of minimal impact on blood sugar levels makes it an exceptionally appealing choice for individuals grappling with diabetes, and this increased demand among this demographic bolsters its market prominence.
  • Food and Beverage Industry Adoption: Notably, the food and beverage industry is embracing Luo Han Guo, recognizing the rising consumer preference for healthier, sugar-reduced alternatives. Manufacturers are increasingly integrating this natural sweetener into their product lines, meeting the evolving demands of health-conscious consumers and driving substantial market growth.
  • Innovative Applications: The continual evolution of production techniques and the innovation of new applications for Luo Han Guo within the culinary and dietary sectors have become integral to the market’s expansion. These advancements have broadened the appeal and versatility of Luo Han Guo, making it an integral component of a diverse range of products, further propelling its market presence.
  • Clean-Label and Natural Food Trends: The burgeoning demand for clean-label and natural ingredients in the food and beverage industry offers a prime opportunity for Luo Han Guo. Its status as a minimally processed natural sweetener aligns perfectly with consumers’ desires for transparent, clean-label products, positioning it to cater to this growing market segment effectively.
  • Global Expansion: An exciting prospect for Luo Han Guo manufacturers lies in expanding their global footprint. As health-conscious consumer trends gain momentum worldwide, there is a substantial opportunity to tap into new markets and regions, where the demand for healthier sweetening alternatives is on the rise. By strategically entering these markets, manufacturers can further augment the global presence of Luo Han Guo.

Luo Han Guo Market – Mergers and Acquisitions

The Luo Han Guo Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Luo Han Guo Market include:

  • In 2022, Lakanto, a prominent global brand under Saraya Japan, introduced Monkfruit-based sweeteners to the Indian market. Saraya, known for health and hygiene products, expands its offerings, providing health-conscious consumers with natural sweetening alternatives in India.
  • In 2022, Swerve, a brand owned by Whole Earth Brands, has broadened its product range by introducing monk fruit and allulose sweeteners. These offerings, with zero sugar and zero calories, provide health-conscious consumers with additional sugar-free alternatives.
  • In 2021, Ecoideas demonstrated product innovation with the introduction of organic monk fruit and erythritol sweetener. This expanded their existing monk fruit sweetener line, offering a versatile sugar alternative for recipes, including use as glaze, icing, or garnish for baked goods.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Luo Han Guo Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Luo Han Guo Market Food and Beverage Stevia Market Plant-based Milk Market
CAGR 5.4% (Approx) CAGR 8% (Approx) CAGR 9% (Approx)
USD 212.5 Million by 2032 USD 400 Million by 2032 USD 30 Billion by 2032

Luo Han Guo Market – Significant Threats

The Luo Han Guo Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Competition from Artificial Sweeteners: One significant threat is the competition posed by artificial sweeteners, such as aspartame and sucralose. While Luo Han Guo is a natural sweetener, the familiarity and low cost of artificial sweeteners can hinder its market growth.
  • Regulatory Challenges: Stringent regulations and standards in the food and beverage industry can pose a challenge. Complying with these regulations, including labelling and safety requirements, can be a barrier for manufacturers and limit the market growth.
  • Supply Chain Vulnerabilities: The supply of monk fruit, the source of Luo Han Guo, is concentrated in certain regions. Natural disasters, weather conditions, or other supply chain disruptions can impact the availability and pricing of Luo Han Guo.
  • Consumer Misconceptions: Misconceptions or lack of awareness about Luo Han Guo’s properties and benefits can hinder its adoption. It’s essential to address any misinformation and educate consumers to promote its use effectively in the market.
  • Economic Factors: Economic fluctuations and currency exchange rates can impact the cost of Luo Han Guo production and influence pricing for consumers. Economic instability in key regions of production or consumption can pose a threat to market stability and profitability. Producers need to monitor and adapt to these economic factors to mitigate potential challenges.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 132.4 Million
Projected Market Size in 2032 USD 212.5 Million
Market Size in 2022 USD 125.6 Million
CAGR Growth Rate 5.4% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, Nature, Applications, Distribution Channel and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Type:

  • Purelo: Purelo is a branded Luo Han Guo sweetener known for its high-purity extraction process. In the Luo Han Guo market, Purelo represents a trend towards premium, minimally processed natural sweeteners, appealing to health-conscious consumers seeking clean-label alternatives.
  • Monk Fruit In Raw: Monk Fruit In Raw is a popular monk fruit sweetener in its raw form, often found in granulated or powdered versions. It reflects the demand for unprocessed, natural sweeteners and aligns with the clean-label trend in the Luo Han Guo market.
  • Nectresse: Nectresse is a branded monk fruit sweetener blended with erythritol and sugar. This product caters to consumers who seek a familiar taste while reducing sugar intake. It mirrors the trend of offering familiar taste profiles with lower sugar content.
  • Lakanto: Lakanto offers monk fruit-based sweeteners and products. It embodies the Luo Han Guo market’s shift towards versatile applications, with monk fruit-based alternatives for baking, cooking, and more, reflecting the growing demand for convenient and health-conscious options.

Global Luo Han Guo Market 2023–2032 (By Million)

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By Nature

  • Natural: Natural Luo Han Guo refers to products that contain Luo Han Guo sweeteners without artificial additives or chemical alterations. The trend in this sector is driven by the increasing preference for clean-label and minimally processed foods, aligning with the health-conscious consumer demand for naturally sourced sweetening alternatives.
  • Organic: Organic Luo Han Guo pertains to products made from monk fruit grown without synthetic pesticides or fertilizers. The trend involves a growing interest in organic certifications, reflecting consumers’ desire for healthier and environmentally sustainable food choices, further bolstering the organic Luo Han Guo market.

By Application

  • Food and Beverages: Luo Han Guo’s application in the food and beverage sector involves using it as a natural sweetener in various products, including soft drinks, desserts, and baked goods. The trend here is the growing consumer demand for healthier, low-calorie alternatives to sugar, which has led to increased adoption of Luo Han Guo in these industries.
  • Pharmaceuticals: In the pharmaceutical sector, Luo Han Guo’s natural sweetness is harnessed in the development of palatable medications, especially for pediatric or elderly patients. The trend in this application revolves around improving the taste and acceptability of pharmaceutical formulations to enhance patient compliance.
  • Others: Luo Han Guo’s versatility extends to various other applications, including cosmetics and personal care products. Here, the trend is toward the utilization of natural sweeteners and plant-derived ingredients to appeal to health-conscious consumers and adhere to clean-label and natural product trends.

By Distribution Channel

  • Supermarkets/Hypermarkets: Supermarkets and hypermarkets are large retail stores offering a wide range of consumer goods, including Luo Han Guo products. These traditional retail channels have seen a trend towards stocking more health-conscious products, making them key distribution points for Luo Han Guo. Consumers can easily find these natural sweeteners alongside other health-focused items.
  • Convenience Stores: Convenience stores are small retail outlets that offer quick and convenient access to a variety of products, including Luo Han Guo sweeteners. Convenience stores have experienced a growing demand for healthier snack options and sugar alternatives. Luo Han Guo products are being positioned as convenient, on-the-go options for health-conscious consumers.
  • Online Channels: Online channels encompass e-commerce platforms where consumers can purchase Luo Han Guo products through websites and apps. The online channel has witnessed significant growth, driven by the convenience of shopping from home. Consumers can access a wide variety of Luo Han Guo products, and this trend is expected to continue, especially in the wake of the COVID-19 pandemic.
  • Other: The “other” category may include health food stores, specialty stores, and direct sales channels for Luo Han Guo products. This category is marked by niche outlets that cater specifically to health-conscious consumers. Direct sales, in particular, provide an avenue for manufacturers to educate and connect with consumers, fostering a loyal customer base.

Global Luo Han Guo Market 2023–2032 (By Nature)

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Luo Han Guo Market – Regional Analysis

The Luo Han Guo Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: The Luo Han Guo market in North America is defined by a substantial surge in health consciousness. With a growing diabetic population and an increasing number of consumers seeking healthier dietary options, Luo Han Guo, renowned for its natural low-calorie sweetness, has gained traction. The market here is also marked by a notable trend towards clean-label products and innovative applications, fostering the sweetener’s adoption across various food and beverage categories.
  • Europe: In this region Luo Han Guo market has been steadily expanding, buoyed by the rising awareness of health-conscious consumers. As the perils of excessive sugar consumption become more apparent, there is a growing demand for natural, low-calorie sweeteners. This trend has precipitated a wave of product innovation and diversification, ensuring that Luo Han Guo remains at the forefront of the region’s evolving dietary landscape.
  • Asia-Pacific: The Asia-Pacific region is a powerhouse in the global Luo Han Guo market, driven by a multitude of factors. Health awareness is on the rise, and the region boasts a substantial diabetic population, both of which amplify the demand for this natural sweetener. Additionally, Luo Han Guo has cultural roots in the region, further propelling its consumption. Furthermore, Asia-Pacific plays a pivotal role as a major production hub, ensuring a steady supply to meet the surging global demand for Luo Han Guo.
  • LAMEA (Latin America, Middle East, and Africa): LAMEA exhibits a growing Luo Han Guo market driven by an escalating trend of health-consciousness. The increasing prevalence of diabetes, coupled with a preference for low-calorie, natural sweeteners, positions Luo Han Guo as a sought-after choice in the region. Companies have responded with extensive awareness campaigns and are actively incorporating Luo Han Guo in diverse product offerings, bolstering its presence and adoption across LAMEA.

Global Luo Han Guo Market 2023–2032 (By Applications)

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Competitive Landscape – Luo Han Guo Market

The Luo Han Guo Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Monk Fruit Corp.
  • Tate & Lyle PLC
  • BioVittoria
  • GLG Life Tech Corporation
  • Layn Natural Ingredients
  • Julian Bakery Inc.
  • Archer Daniels Midland Company
  • Ingredion Incorporated
  • MonkSweet Plus (TIANA Foods Inc.)
  • PureCircle
  • Sunwin Stevia International Inc.
  • Xi’an ChinWon Biotech Inc.
  • Guilin Layn Natural Ingredients Corp.
  • Hill Pharmaceutical Co. Ltd.
  • Swanson Health Products
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

In the Luo Han Guo market, several new players have adopted innovation and development to enter the industry. These emerging companies often focus on developing novel product formulations and creating unique sweetener applications to cater to evolving consumer preferences. They typically invest in cutting-edge production techniques and sustainable sourcing practices to establish their presence in this growing market.

Key players dominating the market include well-established companies like Monk Fruit Corp., Tate & Lyle PLC, and BioVittoria. These industry leaders have a substantial market share and brand recognition. They maintain their dominance by consistently offering high-quality Luo Han Guo products, engaging in robust research and development efforts, and forming strategic partnerships with food and beverage manufacturers to ensure their products are widely used across various applications.

The Luo Han Guo Market is segmented as follows:

By Type

  • Purelo
  • Monk Fruit in Raw
  • Nectresse
  • Lakanto

By Nature

  • Natural
  • Organic

By Applications

  • Food and Beverages
  • Pharmaceuticals
  • Others

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Channels
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Luo Han Guo Market, (2024 – 2033) (USD Million)
    • 2.2 Global Luo Han Guo Market: snapshot
  • Chapter 3. Global Luo Han Guo Market – Industry Analysis
    • 3.1 Luo Han Guo Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Health and Wellness Awareness
      • 3.2.2 Rising Diabetic Population
      • 3.2.3 Food and Beverage Industry Adoption
      • 3.2.4 Innovative Applications
      • 3.2.5 Clean-Label and Natural Food Trends
      • 3.2.6 Global Expansion.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Nature
      • 3.7.3 Market Attractiveness Analysis By Applications
      • 3.7.4 Market Attractiveness Analysis By Distribution Channel
  • Chapter 4. Global Luo Han Guo Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Luo Han Guo Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Luo Han Guo Market – Type Analysis
    • 5.1 Global Luo Han Guo Market Overview: By Type
      • 5.1.1 Global Luo Han Guo Market Share, By Type, 2022 and – 2033
    • 5.2 Purelo
      • 5.2.1 Global Luo Han Guo Market by Purelo, 2024 – 2033 (USD Million)
    • 5.3 Monk Fruit in Raw
      • 5.3.1 Global Luo Han Guo Market by Monk Fruit in Raw, 2024 – 2033 (USD Million)
    • 5.4 Nectresse
      • 5.4.1 Global Luo Han Guo Market by Nectresse, 2024 – 2033 (USD Million)
    • 5.5 Lakanto
      • 5.5.1 Global Luo Han Guo Market by Lakanto, 2024 – 2033 (USD Million)
  • Chapter 6. Global Luo Han Guo Market – Nature Analysis
    • 6.1 Global Luo Han Guo Market overview: By Nature
      • 6.1.1 Global Luo Han Guo Market share, By Nature, 2022 and – 2033
    • 6.2 Natural
      • 6.2.1 Global Luo Han Guo Market by Natural, 2024 – 2033 (USD Million)
    • 6.3 Organic
      • 6.3.1 Global Luo Han Guo Market by Organic, 2024 – 2033 (USD Million)
  • Chapter 7. Global Luo Han Guo Market – Applications Analysis
    • 7.1 Global Luo Han Guo Market Overview: By Applications
      • 7.1.1 Global Luo Han Guo Market Share, By Applications, 2022 and – 2033
    • 7.2 Food and Beverages
      • 7.2.1 Global Luo Han Guo Market by Food and Beverages, 2024 – 2033 (USD Million)
    • 7.3 Pharmaceuticals
      • 7.3.1 Global Luo Han Guo Market by Pharmaceuticals, 2024 – 2033 (USD Million)
    • 7.4 Others
      • 7.4.1 Global Luo Han Guo Market by Others, 2024 – 2033 (USD Million)
  • Chapter 8. Global Luo Han Guo Market – Distribution Channel Analysis
    • 8.1 Global Luo Han Guo Market Overview: By Distribution Channel
      • 8.1.1 Global Luo Han Guo Market Share, By Distribution Channel, 2022 and – 2033
    • 8.2 Supermarkets/Hypermarkets
      • 8.2.1 Global Luo Han Guo Market by Supermarkets/Hypermarkets, 2024 – 2033 (USD Million)
    • 8.3 Convenience Stores
      • 8.3.1 Global Luo Han Guo Market by Convenience Stores, 2024 – 2033 (USD Million)
    • 8.4 Online Channels
      • 8.4.1 Global Luo Han Guo Market by Online Channels, 2024 – 2033 (USD Million)
    • 8.5 Others
      • 8.5.1 Global Luo Han Guo Market by Others, 2024 – 2033 (USD Million)
  • Chapter 9. Luo Han Guo Market – Regional Analysis
    • 9.1 Global Luo Han Guo Market Regional Overview
    • 9.2 Global Luo Han Guo Market Share, by Region, 2022 & – 2033 (USD Million)
    • 9.3. North America
      • 9.3.1 North America Luo Han Guo Market, 2024 – 2033 (USD Million)
        • 9.3.1.1 North America Luo Han Guo Market, by Country, 2024 – 2033 (USD Million)
    • 9.4 North America Luo Han Guo Market, by Type, 2024 – 2033
      • 9.4.1 North America Luo Han Guo Market, by Type, 2024 – 2033 (USD Million)
    • 9.5 North America Luo Han Guo Market, by Nature, 2024 – 2033
      • 9.5.1 North America Luo Han Guo Market, by Nature, 2024 – 2033 (USD Million)
    • 9.6 North America Luo Han Guo Market, by Applications, 2024 – 2033
      • 9.6.1 North America Luo Han Guo Market, by Applications, 2024 – 2033 (USD Million)
    • 9.7 North America Luo Han Guo Market, by Distribution Channel, 2024 – 2033
      • 9.7.1 North America Luo Han Guo Market, by Distribution Channel, 2024 – 2033 (USD Million)
    • 9.8. Europe
      • 9.8.1 Europe Luo Han Guo Market, 2024 – 2033 (USD Million)
        • 9.8.1.1 Europe Luo Han Guo Market, by Country, 2024 – 2033 (USD Million)
    • 9.9 Europe Luo Han Guo Market, by Type, 2024 – 2033
      • 9.9.1 Europe Luo Han Guo Market, by Type, 2024 – 2033 (USD Million)
    • 9.10 Europe Luo Han Guo Market, by Nature, 2024 – 2033
      • 9.10.1 Europe Luo Han Guo Market, by Nature, 2024 – 2033 (USD Million)
    • 9.11 Europe Luo Han Guo Market, by Applications, 2024 – 2033
      • 9.11.1 Europe Luo Han Guo Market, by Applications, 2024 – 2033 (USD Million)
    • 9.12 Europe Luo Han Guo Market, by Distribution Channel, 2024 – 2033
      • 9.12.1 Europe Luo Han Guo Market, by Distribution Channel, 2024 – 2033 (USD Million)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Luo Han Guo Market, 2024 – 2033 (USD Million)
        • 9.13.1.1 Asia Pacific Luo Han Guo Market, by Country, 2024 – 2033 (USD Million)
    • 9.14 Asia Pacific Luo Han Guo Market, by Type, 2024 – 2033
      • 9.14.1 Asia Pacific Luo Han Guo Market, by Type, 2024 – 2033 (USD Million)
    • 9.15 Asia Pacific Luo Han Guo Market, by Nature, 2024 – 2033
      • 9.15.1 Asia Pacific Luo Han Guo Market, by Nature, 2024 – 2033 (USD Million)
    • 9.16 Asia Pacific Luo Han Guo Market, by Applications, 2024 – 2033
      • 9.16.1 Asia Pacific Luo Han Guo Market, by Applications, 2024 – 2033 (USD Million)
    • 9.17 Asia Pacific Luo Han Guo Market, by Distribution Channel, 2024 – 2033
      • 9.17.1 Asia Pacific Luo Han Guo Market, by Distribution Channel, 2024 – 2033 (USD Million)
    • 9.18. Latin America
      • 9.18.1 Latin America Luo Han Guo Market, 2024 – 2033 (USD Million)
        • 9.18.1.1 Latin America Luo Han Guo Market, by Country, 2024 – 2033 (USD Million)
    • 9.19 Latin America Luo Han Guo Market, by Type, 2024 – 2033
      • 9.19.1 Latin America Luo Han Guo Market, by Type, 2024 – 2033 (USD Million)
    • 9.20 Latin America Luo Han Guo Market, by Nature, 2024 – 2033
      • 9.20.1 Latin America Luo Han Guo Market, by Nature, 2024 – 2033 (USD Million)
    • 9.21 Latin America Luo Han Guo Market, by Applications , 2024 – 2033
      • 9.21.1 Latin America Luo Han Guo Market, by Applications , 2024 – 2033 (USD Million)
    • 9.22 Latin America Luo Han Guo Market, by Distribution Channel , 2024 – 2033
      • 9.22.1 Latin America Luo Han Guo Market, by Distribution Channel , 2024 – 2033 (USD Million)
    • 9.23. The Middle-East and Africa
      • 9.23.1 The Middle-East and Africa Luo Han Guo Market, 2024 – 2033 (USD Million)
        • 9.23.1.1 The Middle-East and Africa Luo Han Guo Market, by Country, 2024 – 2033 (USD Million)
    • 9.24 The Middle-East and Africa Luo Han Guo Market, by Type, 2024 – 2033
      • 9.24.1 The Middle-East and Africa Luo Han Guo Market, by Type, 2024 – 2033 (USD Million)
    • 9.25 The Middle-East and Africa Luo Han Guo Market, by Nature, 2024 – 2033
      • 9.25.1 The Middle-East and Africa Luo Han Guo Market, by Nature, 2024 – 2033 (USD Million)
    • 9.26 The Middle-East and Africa Luo Han Guo Market, by Applications, 2024 – 2033
      • 9.26.1 The Middle-East and Africa Luo Han Guo Market, by Applications, 2024 – 2033 (USD Million)
    • 9.27 The Middle-East and Africa Luo Han Guo Market, by Distribution Channel, 2024 – 2033
      • 9.27.1 The Middle-East and Africa Luo Han Guo Market, by Distribution Channel, 2024 – 2033 (USD Million)
  • Chapter 10. Company Profiles
    • 10.1 Monk Fruit Corp.
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Tate & Lyle PLC
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 BioVittoria
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 GLG Life Tech Corporation
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Layn Natural Ingredients
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Julian Bakery Inc.
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Archer Daniels Midland Company
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Ingredion Incorporated
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 MonkSweet Plus (TIANA Foods Inc.)
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 PureCircle
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Sunwin Stevia International Inc.
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 Xi’an ChinWon Biotech Inc.
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Guilin Layn Natural Ingredients Corp.
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Hill Pharmaceutical Co. Ltd.
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Swanson Health Products
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Others.
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
List Of Figures

Figures No 1 to 31

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Monk Fruit Corp.
  • Tate & Lyle PLC
  • BioVittoria
  • GLG Life Tech Corporation
  • Layn Natural Ingredients
  • Julian Bakery Inc.
  • Archer Daniels Midland Company
  • Ingredion Incorporated
  • MonkSweet Plus (TIANA Foods Inc.)
  • PureCircle
  • Sunwin Stevia International Inc.
  • Xi’an ChinWon Biotech Inc.
  • Guilin Layn Natural Ingredients Corp.
  • Hill Pharmaceutical Co. Ltd.
  • Swanson Health Products
  • Others

FAQs

The key factors driving the Market are Health and Wellness Awareness, Rising Diabetic Population, Food and Beverage Industry Adoption, Innovative Applications, Clean-Label and Natural Food Trends And Global Expansion.

The “Purelo” category dominated the market in 2022.

The key players in the market are Monk Fruit Corp., Tate & Lyle PLC, BioVittoria , GLG Life Tech Corporation, Layn Natural Ingredients, Julian Bakery Inc., Archer Daniels Midland Company, Ingredion Incorporated, MonkSweet Plus (TIANA Foods Inc.), PureCircle, Sunwin Stevia International Inc., Xi’an ChinWon Biotech Inc., Guilin Layn Natural Ingredients Corp., Hill Pharmaceutical Co. Ltd., Swanson Health Products, Others.

“North America” had the largest share in the Luo Han Guo Market.

The global market is projected to grow at a CAGR of 5.4% during the forecast period, 2023-2032.

The Luo Han Guo Market size was valued at USD 132.4 Million in 2023.

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