могрозид VI

Market Dynamics Intelligence on Mogroside Products


Price Trends
- **Domestic Market**: Over the past week, the prices of mainstream specifications of mogroside (e.g., Mogroside V 98%) have shown a slight upward fluctuation, rising from the range of 850–900 RMB per kilogram to 880–930 RMB per kilogram, representing an increase of approximately 3.5%–4.4%. Prices vary slightly by origin; Guangxi, benefiting from relatively stable raw material supply, has experienced smaller price fluctuations, whereas Hunan and Jiangxi have seen more pronounced price increases due to rising raw material procurement costs.
- **International Market**: Mogroside prices have risen in tandem with the domestic market. Export quotes (FOB) have increased from $120–130 per kilogram to $125–135 per kilogram, driven by growing demand in major export destinations.


Supply and Demand
- **Supply Side**:
- **Raw Material Supply**: Recent short-term rainfall in Guangxi, the main production area for Luo Han Guo (Siraitia grosvenorii), has impacted harvesting and drying processes, causing delays in raw material supply and reducing the available quantity of Luo Han Guo in the market. This has driven up raw material procurement costs, thereby increasing the production costs for mogroside.
- **Production Enterprises**: Most production enterprises have maintained normal operations. However, some smaller companies have reduced their operating rates due to rising raw material costs and financial pressures. Consequently, the overall market supply has not increased significantly, slightly exacerbating a tight supply situation.
- **Demand Side**:
- **Domestic Demand**: With growing health awareness, consumer demand for natural sweeteners continues to rise. As a natural, zero-calorie sweetener, mogroside is seeing expanded applications in the food, beverage, and health product industries. Downstream enterprises are actively purchasing, maintaining steady demand growth.
- **International Demand**: Global recognition of mogroside is steadily increasing, particularly in regions with strong demand for healthy foods, such as Europe and North America. An increase in export orders has further stimulated market demand.


Relevant Policies and Industry Dynamics
- **Policy**: The national regulatory framework for the food additive industry is becoming increasingly stringent, with higher production standards and quality requirements for mogroside. This compels enterprises to strengthen quality control and manage higher production costs, while also helping to standardize market order and ensure product quality.
- **Industry Dynamics**: Recent seminars and exhibitions on natural sweeteners have highlighted mogroside, enhancing its market visibility and influence. This has attracted more enterprises to enter the field, although the short-term impact on supply, demand, and prices remains limited.


Analysis and Judgment
- **Price Influencing Factors**: Tight raw material supply and rising costs are the primary drivers of the price increase for mogroside. Meanwhile, growing domestic and international demand provides strong support for prices. While stricter regulatory oversight increases enterprise costs, it contributes to the long-term healthy development of the industry and has a relatively indirect impact on prices.
- **Market Supply-Demand Relationship**: The market is currently in a state of tight balance. Supply growth is limited by raw material availability and enterprise operating rates, while demand continues to grow steadily. It is expected that the supply-demand gap will not ease in the short term, and prices will continue to operate at a high level.


Forecast
- **Short Term (1–2 Months)**: Mogroside prices are expected to continue a slight upward trend. Domestic prices for mainstream specifications may break through 950 RMB per kilogram, while international FOB prices could reach $140–150 per kilogram. As weather conditions improve and raw material supply gradually recovers, the pace of price increases may slow down.
- **Medium Term (3–6 Months)**: If raw material supply stabilizes and enterprise operating rates recover, market supply conditions will improve, leading to a further narrowing of price increases. However, driven by sustained demand growth, prices will remain at a high level. Domestic prices are expected to fluctuate within the range of 900–980 RMB per kilogram, and international prices within $135–145 per kilogram.
- **Long Term (Over 6 Months)**: As industry competition intensifies and technological advancements occur, production costs are likely to gradually decrease. Simultaneously, the supply-demand relationship is expected to approach balance, allowing prices to gradually return to a reasonable range, though they are likely to remain above historical average levels.