Latin America Arhat Fruit Extract Market

Latin America Arhat Fruit Extract Market Size (2024 to 2029)

Latin America Arhat Fruit Extract Market is expected to be worth USD 2.06 billion in 2024 and is estimated to be growing at a CAGR of 10.04%, to reach USD 3.31 million by 2029.

MARKET OVERVIEW

Arhat Fruit is an herbaceous perennial vine of the Cucurbitaceae (gourd) family, intrinsic to southern China and northern Thailand. The plant is cultivated for its fruit, whose extract is nearly 300 times sweeter than sugar and has been used in China as a low-calorie sweetener for cooling drinks and in traditional Chinese medicine. Vital Arhat Fruit is notable for its sweetness, which can be concentrated from its juice. The fruit contains 25 to 38% of various carbohydrates, mainly fructose and glucose. The sweetness of the fruit is increased by the mogrosides, a group of triterpene glycosides (saponins)

The Latin America Arhat Fruit Extract market is driven by the increasing use of the arhat fruit extract as a sweetener owing to its overwhelming sweet taste which comes mainly from mogrosides. Furthermore, the extraction of powder containing almost 80 percent mogrosides acts as a major driver for market growth because of its higher utility. Medicinal benefits offered by the fruit in the treatment of cough and sore throat also act as drivers for market growth coupled with no incidences of side effects of their use.

This research report on the Latin America Arhat Fruit Extract market has been segmented and sub-segmented into the following categories.

Latin America Arhat Fruit Extract Market By Volume

• imports 
• exports

Latin America Arhat Fruit Extract Market By Distribution Channels

• retail stores
• supermarkets
• hypermarkets 
• e-retailers

Latin America Arhat Fruit Extract Market By Country

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

The huge rise in spending in the Arhat Fruit Extract market has increased the demand in the market. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. The availability of large customer base with rising disposable incomes is set to drive the market in the foreseeable future.

KEY MARKET PLAYERS

Apura Ingredients, Van Wankun Ingredients, MonkFruit Corp, Viachem, Lakanto, Archer Daniels Midland, Tate & Lyle are some of the notable companies in the North America Arhat Fruits Extract market.