Increasing preference among consumers towards low-calorie beverage and food products and the rising demand for stevia-based sugar substitute products from the beverage and food industry are driving the demand of the market.
Market Trends- Growing consumers’ preferences towards plant-based sweeteners
The Global Stevia Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Stevia Market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
The global Stevia Market will be worth USD 1,185.0 million by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the growing awareness among consumers regarding the adverse effects of sugar on health. Rising obesity and diabetes, coupled with the growing number of patients suffering from cardiovascular disease, is expected to drive the demand of the stevia-based sugar substitutes. Growing preferences among consumers for plant-based sugar substitutes are most likely to propel the growth of the market over the forecast period. The zero calories and zero glycemic index characteristics of stevia are expected to increase its adoption. Moreover, the wide popularity of clean-labeling has also boosted up the sales of stevia. Growing government initiatives to promote the adoption of stevia-based sugar substitutes and reduce sugar intake is expected to increase the demand for stevia. The governments in US and Europe are also providing support to the cultivation of stevia by generating favorable regulations, which is most likely to propel the industry’s growth over the forecast period.
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Key participants include Ingredion Incorporated, Cargill, Tate & Lyle PLC, Archer Daniels Midland Company, PureCircle Limited, Evolva Holding SA, GLG Life Tech Corporation, The Coca-Cola Company, PepsiCo Inc. and Sunwin Stevia International, Inc., among others.
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Stevia Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyses the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The latest report encases an in-depth summary of the intensely competitive landscape of the global Stevia Market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
- Business trends
- Regional trends
- Product trends
- End-use trends
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
- Business Overview
- Financial Data
- Product Landscape
Emergen Research has segmented the global Stevia Market on the basis of Product Form, Application, and region:
Product Form Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
- Bakery & Confectionary
- Dairy Food Products
- Dietary Supplements
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