The Global Stevia Market size is expected to reach USD 1,344.06 Million in 2030 and register a revenue CAGR of 8.5% over the forecast period, according to the latest report by Reports and Data. Rising demand for natural sweeteners in beverage industry and increasing investments in Research Development (RD) in food beverage industry are factors driving market revenue growth.
Increasing incidence of diabetes and obesity and rising public awareness regarding healthier sugar alternatives is driving growth of stevia market. Stevia is a high-intensity sweetener, which is 200 times sweeter than sucrose and helps to develop low-calorie products. Stevia is used as a natural sweetener in food beverage industry and does not have any harmful effects. It is also used in instant beverages and food products. Moreover, increase in demand for plant-based natural sweeteners is contributing to market revenue growth.
Stevia products are available in different forms such as liquid, powder, and leaf. Powdered stevia is used as an alternative for refined table sugar in food beverages. Stevia is available in conventional and organic forms and is also used in dairy food products, baked goods, dietary supplements, and others.
Moreover, supportive initiatives by government and regulatory bodies is driving growth of global stevia market. Introduction of several stevia-based products is positively supporting overall market and has created awareness among consumers. Furthermore, demand for natural ingredient products and antioxidants are additional factors expected to drive market growth.
Get a sample of the report: @ https://www.reportsanddata.com/download-free-sample/1330
The Stevia market investigation report assesses the global market for the Stevia industry and provides revenue and capability forecasts for the projected period of 2023-2030. The factors that drive the industry's growth are highlighted in the report. The report divides the Stevia market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- Cargill,
- Incorporated,
- Arboreal Stevia,
- Ingredion,
- PureCircle,
- Tate Lyle,
- GLG Life Tech Corp,
- Sunwin Stevia International Inc.,
- SW Seed Co.,
- ADM,
- Pyure Brands LLC,
- Morita Kagaku Kogyo Co., Ltd.,
- Layn Natural Ingredients,
- Evolva,
- Stevia Corp,
- HYET Sweet
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
Purchase Premium Report: @ https://www.reportsanddata.com/report-pricing/1330
Market Segmentation:
By Type Outlook
- Reb A
- Reb M
- Reb D
- Others
By Form Outlook
- Extract Powder
- Liquid Extract
- Leaves
By Application Outlook
- Beverages
- Bakery Products
- Confectionery Products
- Dairy Products
- Cereal-Based Products
- Tabletop Sweeteners
- Pharmaceuticals
- Cosmetics
- Other Applications
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Stevia market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Stevia market.
The Global Stevia Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
Request a customization of the report: @ https://www.reportsanddata.com/request-customization-form/1330
Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.
Explore Trending Research Reports by Reports and Data:
Double-Sided Conductive Cloth Market:https://www.reportsanddata.com/report-detail/double-sided-conductive-cloth-market
Durum Market:https://www.reportsanddata.com/report-detail/durum-market
Elastomeric Foam Market:https://www.reportsanddata.com/report-detail/elastomeric-foam-market
Electrical House or E-House Market:https://www.reportsanddata.com/report-detail/electrical-house-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
