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Arhat Fruit Extract Market Overview
Arhat Fruit Extract Market size is estimated to reach $121.3 million by 2027, growing at a CAGR of 2.3% during the forecast period 2022-2027. Arhat fruit is derived from the plant with the scientific name: Siraitia grosvenorii, also termed monkfruit or luohanguo, which is a herbaceous perennial vine of the gourd family, Cucurbitaceae. The plant is harvested for its fruit extract, termed mogrosides, which develops a sweetness sensation. The monk fruit is noteworthy for its sweetness, which can be condensed from its juice. The fruit includes 25 to 38% of different carbohydrates, chiefly fructose and glucose. The sweetness of the fruit is heightened by the mogrosides, a class of triterpene glycosides (saponins). The surging application of Mogroside extract as a low-calorie sweetener for drinks and in conventional Chinese medicine is set to drive the Arhat Fruit Extract Market. The soaring application of luohanguo as a beverage to alleviate thirst and decrease body heat is set to propel the growth of the Arhat Fruit Extract Market during the forecast period 2022-2027. This represents the Arhat Fruit Extract Industry Outlook.
Report Coverage
The report: “Arhat Fruit Extract Market Forecast
(2022-2027)”, by Industry ARC, covers an in-depth analysis of the following
segments of the Arhat Fruit
Extract Market.
By Application: Food, Beverage, Others.
By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online Stores,
Others.
By Geography: North
America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain,
Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India,
Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil,
Argentina, Chile, Colombia, Rest of South America), and Rest Of The World
(Middle East, Africa).
Key Takeaways
- Geographically, Asia-Pacific Arhat Fruit Extract Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the Momordica fruit typically termed arhat, belonging to the family: Cucurbitaceae being native to southern China and northern Thailand and its extensive application in conventional Chinese pharmacology attributed to its capability to balance inner heat in the Asia-Pacific region.
- Arhat Fruit Extract Market growth is being driven by the surging application of arhat fruit extract as a sweetener, recognized to be almost 300 times sweeter than sugar. However, the Momordica fruit, belonging to the family: Cucurbitaceae, is one of the few fruits that cannot be consumed until it is dried by the fire and the fruit is gradually dried in the oven, conserving it and eliminating most of the unwanted aromas resulting in the formation of numerous bitter and astringent flavors and this is one of the major factors hampering the growth of Arhat Fruit Extract Market.
- Arhat Fruit Extract Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Arhat Fruit Extract Market report.
Arhat Fruit Extract Market: Market Share (%) by Region, 2021
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Arhat Fruit Extract Market Segment Analysis – By Application:
The Arhat Fruit Extract Market
based on the application can be further segmented into Food, Beverage, and Others. The Food segment held the largest market
share in 2021. This growth is owing to the surging application of arhat
powder as a sweetener in various food products. Luohanguo offers zero calories
and is suitable for people on low-carb diets. The soaring recognition of
luohanguo amidst ketogenic consumers and the soaring application of arhat fruit
extract in food to decrease blood sugar and treat diabetes is further
propelling the growth of the Food segment.
Furthermore, the Beverage segment is estimated to grow with the fastest
CAGR of 3.8% during the forecast period 2022-2027 owing to the extensive intake
of luohanguo which is a recognized beverage to quench the thirst amidst the hot
summer season.
Arhat Fruit Extract Market Segment Analysis – By Distribution Channel:
The Arhat Fruit Extract
Market based on distribution channels can be further segmented into Supermarkets And Hypermarkets, Convenience Stores, Online Stores, and
Others. The Supermarkets
And Hypermarkets Segment
held the largest market share in 2021. This
growth is owing to the eminence of supermarkets/hypermarkets as one of
the focal points for the purchase of products like arhat fruit extract owing to the
extensive availability of arhat fruit extract marketed by different brands in
one physical location. Luohanguo is a favored beverage to beat the heat. The increasing
inclination of consumers to enjoy shopping trips to supermarkets and
hypermarkets post massive vaccination drives and a growing urge to return to
normalcy amidst combating the COVID-19 pandemic are further propelling the
growth of this segment.
Furthermore, the Online Stores segment is
estimated to grow with the fastest CAGR of 3.2% during the forecast period 2022-2027 owing to the effortless
accessibility of arhat fruit extract and beverages like luohanguo on
e-commerce-based online stores through mobile applications and online websites
right at home with just the click of a button.
Arhat Fruit Extract Market Segment Analysis – By Geography:
The Arhat Fruit Extract
Market based on geography can be further segmented into North America, Europe,
Asia-Pacific, South America and Rest of the World. Asia-Pacific (Arhat Fruit
Extract Market) held the largest share with 45% of the overall market in 2021.
The growth of this region is owing to the surging
application of arhat powder as a sweetener owing to its overpowering sweet
taste derived mainly from mogrosides in the Asia-Pacific region. Luohanguo is collected for
application as a medicinal constituent in Traditional Chinese Medicine (TCM)
formulations. The extraction of powder including nearly 80 percent mogrosides with
its greater utility is further propelling the growth of the Arhat Fruit Extract
Market in the Asia-Pacific region.
Furthermore, the North America region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like a boost in the application of luohanguo (dried fruit or extract) as a constituent of herbal mixtures for patient homer preparation by conventional decoction technique in countries like the U.S. in the North American region. The proliferating utilization of luohanguo as a constituent of dietary supplements freely accessible outside of clinical practice in the health and natural products channels is further fuelling the progress of the Arhat Fruit Extract Market in the North American region.
Arhat Fruit Extract Market Drivers
Surging Applications Of LuoHanGuo Are Projected To Drive The Growth Of Arhat Fruit Extract Market:
Siraitia grosvenorii is a vine perennial in the cucumber/melon/gourd family (Cucurbitaceae) Also termed monk fruit, luo han guo (or luohanguo) is the fruit of this vine. Dried luohanguo is utilized in Traditional Chinese Medicine for cough, sore throat, and hoarseness, alleviating constipation and distributing soft nodules in the neck (scrofula). A tea prepared from the dried fruit is utilized for acute or incessant bronchitis, pertussis, pharyngitis, and tonsillitis. The leaf of this plant, luo han ye, has comparable characteristics and is also utilized for incessant bronchitis and throat conditions. Apart from the application of luohanguo as a beverage on its own, luohanguo is used as a low-calorie sweetening agent in other beverages. The process for the making of a useful sweetener from luohanguo was patented in 1995 by Procter & Gamble. The sweet compounds from Luohanguo are around 250 times sweeter than cane sugar and are exceedingly low in calories so Luohanguo is a good organic sweetener for patients who endure ailments like diabetes, adiposity, high blood pressure, and cardiopathy. The surging applications of LuoHanGuo are therefore fuelling the growth of the Arhat Fruit Extract Market during the forecast period 2022-2027.
Emerging Significance Of Triterpene Glycosides is Expected To Boost The Demand For Arhat Fruit Extract:
While Siraitia grosvenorii can be discovered growing in forests, on mountain slopes, riversides, and thickets in the Chinese provinces of Guangdong, Guangxi, Guizhou, Hunan, and Jiangxi, it is infrequent in the wild and has been harvested in Guangxi for numerous years. Triterpene glycosides termed mogrosides are the primary active chemical components in luohanguo, and the content of mogroside V in the fruits has been demonstrated to be around 50% greater when grown in south Guangxi when compared to yields in north Guangxi. It is supposed that the different mogrosides in fresh luohanguo fruits are anywhere from 200-563 times as sweet as sucrose (table sugar). Laboratory investigations of S. grosvenorii have recognized the existence and activities of a class of triterpene glycosides termed mogrosides, which are numbered I-V with mogroside V being the most plentiful and the sweetest. Luohanguo excited the secretion of insulin in lab tests on mice, indicating a possible application as an organic sweetener with a low glycemic index. Plant triterpene glycosides have displayed antitumor activity. In an investigation, the possible anticancer effects of mogroside IVe, a triterpenoid glycoside from monk fruit, utilizing in vitro and in vivo models of colorectal and laryngeal cancer was scrutinized. The emerging significance of triterpene glycosides is therefore driving the growth of the Arhat Fruit Extract Market during the forecast period 2022-2027.
Arhat Fruit Extract Market Challenges:
Challenges In Patenting Of Traditional Chinese Medicine Are Hampering The Growth Of The Arhat Fruit Extract Market:
Patents for Chinese herbal medicines are hard to acquire. When the active constituents of a herbal formula are recognized, danfang (single herb prescriptions) is better safe guarded with quantified composition claims. When the active constituents are unrecognized, 'product by processing', 'method of processing', 'method of administration' and 'new use claims' are frequently powerful instruments to differentiate a conventional danfang from 'the prior art'. Added patents may also be filed repeatedly in the product development procedure. Existing patents for fufang (composite prescriptions) are chiefly drafted to safeguard conventional herbal formulations. Greater endeavors are required to safeguard different herbal combinations and their multiple applications. To acquire a patent for a typically utilized herb so long as there is a new perspective in the formula. For example, U.S. Pat. 7,575,772 is based on the 'process and composition for syrup and jam from Luohanguo (Siraitia grosvenori or Momordica grosvenori) which is the fruit of the plants belonging to Curcubitaceae family'. Luohanguo as a remedy for respiratory complaints (for example, dry coughs) has been utilized in many Chinese medicine formulae. In investigations pertaining to traditional Chinese medicine from the patent information sharing platform of coronavirus disease 2019 (COVID-19), there were total 292 TCM patents, inclusive of 52 patents for etiological treatment and 240 patents for symptomatic treatment. These issues are thus hampering the growth of the Arhat Fruit Extract Market.
Arhat Fruit Extract Industry Outlook:
Partnerships and mergers and acquisitions are key strategies adopted by players in the Arhat Fruit Extract Market. Key companies in this market are:
- Hunan Huacheng Biotech.Inc
- Xi`an Sobeo Biotech
- Guilin Layn Natural Ingredients Corp.
- Monk Fruit Corp.
- Guilin Sanleng Biotech
- Saraya
- Alibaba Group
- Hill Pharmaceutical
- GLG
- Damin Bio-Technology
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