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Favoring Trends for Luo Han Guo Extract Market; Estimated to Reach USD 587.7 Mn by 2028

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.

Due to the COVID-19 pandemic, the global Luo Han Guo Extract market size is estimated to be worth US$ 137.4 million in 2021 and is forecast to a readjusted size of US$ 587.7 million by 2028 with a CAGR of 22.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Luo Han Guo Extract market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Luo Han Guo Extract landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.

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.

This report focuses on Luo Han Guo Extract volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Luo Han Guo Extract market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.

Request for a free sample or purchase this report at: https://www.themarketreports.com/report/global-luo-han-guo-extract-market-research-report

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • 30%-50% Mogroside-V
  • Above 50% Mogroside-V
  • Others

Segment by Application

  • Food and Beverage
  • Medicines and Health Products
  • Others

By Company

  • Monk Fruit Corp
  • Layn
  • Hunan Huacheng Biotech
  • Glg Life Tech
  • Guilin Sanleng Biotech
  • Guilin Saraya Biotech
  • Hunan Nutramax

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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