Global Luo Han Guo Extract Market Research Report 2023(Status and Outlook)

Global Luo Han Guo Extract Market Research Report 2023(Status and Outlook)

Report Overview

The Luo Han Guo Extract industry can be broken down into several segments, 30%-50% Mogroside-V, ≥50% Mogroside-V, etc.

Across the world, the major players cover Monk Fruit Corp, Layn, Hunan Huacheng Biotech, etc.

Luo Han Guo, also known as monk fruit or swingle fruit (Siraitia grosvenorii), is a small round fruit native to southern China. It has been used for centuries in Eastern medicine as a cold and digestive aid, and now it is also being used to sweeten foods and beverages. Mogroside V is the principal sweetening component. Other components include: mogroside II, mogroside III, mogroside IV, mogroside VI, flavonoids, melanoidins, and protein fragments. It is offwhite to light yellow powder, and a non-nutritive sweetener. Monk Fruit Extract is freely soluble in water and is approximately 230-260 times sweeter than sucrose.

The classification of Luo Han Guo Extract includes 30%-50% Mogroside-V, Above 50% Mogroside-V and Others. Above 50% Mogroside-V accounted for a share of 64% in the global Luo Han Guo Extract market.

Luo Han Guo Extract is widely used in Food and Beverage, Medicines and Health Products and Other. In Luo Han Guo Extract market, the Food and Beverage holds an important share in terms of Application.

North America is the largest consumption place, with a consumption market share nearly 44%. Following Asia-Pacific, Asia-Pacific is the second largest consumption place with the consumption market share of 33%.

Market competition is intense. Monk Fruit Corp, Layn and Hunan Huacheng Biotech, etc. are the leaders of the industry, with high-end customers. The top three manufacturers held 80% of the market, in terms of Luo Han Guo Extract revenue.

The Global Luo Han Guo Extract Market Size was estimated at USD 110.30 million in 2022 and is projected to reach USD 464.48 million by 2029, exhibiting a CAGR of 22.80% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Luo Han Guo Extract market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Luo Han Guo Extract Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Luo Han Guo Extract market in any manner.

Global Luo Han Guo Extract Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Monk Fruit Corp

Layn

Hunan Huacheng Biotech

GLG Life Tech

Guilin Sanleng Biotech

Guilin Saraya Biotech

Hunan Nutramax

Market Segmentation (by Type)

30%-50% Mogroside-V

Above 50% Mogroside-V

Others

Market Segmentation (by Application)

Congenital Fibrinogen Deficiency

Surgical Procedures

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Luo Han Guo Extract Market

Overview of the regional outlook of the Luo Han Guo Extract Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors