Stevia Market Overview:
The Stevia Market will obtain an estimated valuation of USD 1,714.27 Million and register a CAGR of 10.20% by 2030 in the forecast period.
Today’s generation’s preference to consume natural sweeteners rather than artificial ones has increased the demand for stevia. It is now used in various food products. Hence, the Stevia Market in the application is propelling.
The rising consumer awareness of using health-beneficial food products with low-calorie content is acting as a growth catalyst in the market. A higher number of chronic disease patients, such as obese and diabetic people, consider stevia a better alternative to sugar. Moreover, it is also used to enhance the flavors of dishes. It is sprinkled on overcooked meat, cereals, vegetables, and salads to add taste. It adds a flavorful sweet taste and increases its nutritional value. Due to these factors, the Stevia Market is noticing massive demand.
The industrial players of the market are developing in the food and beverages industry to introduce natural and low-calorie sweeteners, with the predominant focus on stevia. Consumers of developed economies like the United States, United Kingdom, etc., are highly inclined toward low-sugar content fruits and vegetable juices which is rising the market demand.
The industrial players’ activities include new product releases with innovations in the food and beverage sector. The requirement to meet the sugar substitute demand of consumers to maintain a healthy lifestyle is bringing great opportunities for the market. Moreover, with effective techniques development, stevia extracts have become capable of a flavoring agent. These growth factors and opportunities will drive the Stevia Market growth rate and revenue in the upcoming years.
Key Players:
The Stevia Market Companies include Cargill, Incorporated,Ingredion Incorporated,Tate & Lyle PLC.,Archer-Daniels-Midland Company,Tereos,GLG Life Tech Corp.,NOW Foods,Fooding Group Limited,HOWRAIN,Sunwin Stevia International Inc.
Market Segments:
The Stevia Market is segmented into two major segments – type and application.
Based on the type of segment, the market constitutes of whole leaf, powder, liquid, and others. The application segment is classified into dairy, convenience foods, tabletop sweeteners, bakery & confectionery, beverages, and others.
Regional Analysis:
The regional growth analysis of Stevia Industry shows its tremendous growth in top regions such as Asia-Pacific, North American region, Europe, and other regions of the world.
The Asia Pacific region is showing dominating growth in terms of share, followed by North America. The rising per capita income of consumers with accelerated the demand for stevia sweeteners is driving the regional market here. The Asia-Pacific market is noticing rapid progress with huge investments from several multinational manufacturers of developing countries such as China, Japan, and India. The other regions are also showing decent growth rates with good market share.
Industry News:
In July 2021, Layn built a stevia plant to meet the growing global demand for natural sweeteners. The company invested USD 148 million in its new production facility. The facility can process 4,000 tons of stevia leaf extract per year.
In April 2021, Archer-Daniels-Midland Company established a new plant-based innovation lab in Singapore at ADM’s Biopolis research hub. The lab has developed “next-level and ongoing-trend” nutritious products to meet the rising demand for food and beverage demand in Asia-Pacific.
Related Reports:
Weight Loss Products Market Research Report Information By Type (Food, Beverages, Supplements), By Distribution Channel (Store-Based And Non-Store-Based) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030
Marktforschungsbericht für Ahornsirup : Informationen nach Typ (Rot, Schwarz, Zuckerahorn), Grad (Klasse A, Verarbeitungsqualität, minderwertig), Anwendung (Getränke, Süßwaren, Geschmacksverstärker, Milchprodukte), Vertriebskanal und Regionalprognose bis 2027
タイプ（ベーカリー＆菓子、乳製品＆冷凍デザート、飲料、肉製品、調理済み食品、その他）、流通チャネル（店舗ベース、非店舗ベース）および地域別のグルテンフリー製品市場調査レポート情報-2030年までの予測
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
English
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Russian
Romaian