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.

The report offers an exhaustive overview of the market, along with a precise summary of the market’s leading regions. Our team of analysts has studied the existing competitive landscape of the market inside out, focusing on the leading companies and their business expansion strategies. The report ends with conclusive data offering useful insights into the market growth on both regional and global levels.

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The prominent players of the global Stevia market are expected to contribute significantly to the revenue generation owing to increasing demand for the Stevia products in the industry.

Prominent Players Profiled in the Stevia Market:

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.

Key Highlights From The Report

• In July 2020, PureCircle was acquired by Ingredion Incorporated. The acquisition was performed with an aim to enhance the production of plant-based natural sweeteners and to expand the product portfolio.
• The Liquid Segment is forecasted to grow with the fastest CAGR of 9.7% over the forecast period due to the growing preferences among consumers towards the liquid form of stevia. The manufacturers of the sugar substitutes mostly prefer it, as a very small amount of the liquid form is required to enhance the taste of the food products.
• The powder form accounted for the largest share of the stevia market in 2019 as they are available in various packaging formats making it more affordable for the consumers. Besides, it possesses the exact taste and flavor of a spoonful of cane sugar but with a lower-calorie content, which is contributing to the growing demand of the product over the forecast period.

Stevia Market Segmentation:

The report categorizes the market into different key segments based on types and applications, along with key regional segmentation. The report offers insights into the segment expected to garner traction during the forecast period, and the region expected to dominate the market in the coming years.

• Product Form Outlook (Revenue, USD Billion; 2017-2027)
  • Leaf
  • Liquid
  • Powder
• Application Outlook (Revenue, USD Billion; 2017-2027)
  • Beverages
  • Bakery & Confectionary
  • Dairy Food Products
  • Dietary Supplements
  • Others

Key Geographical Segments:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Research Methodology

Our team of analysts has performed an accurate analysis of significant market elements leveraging advanced primary and secondary research tools. They have deployed well-known analytical tools like SWOT Analysis and Porter’s Five Forces Analysis for the comprehensive market study. A great deal of vital data &information related to the Stevia market has been gathered in the report from various reliable sources. Under the primary research study, detailed supply chain analysis, value chain analysis, several industry experts’ interviews, and a brief analysis of the Stevia market’s vendor landscape have been covered. Therefore, as part of secondary research, the report offers vital information pertaining to the company profiles of the key market contenders. Hence, the report’s market segmentation section looks at the global sector to scrutinize key trends, regional markets, and recent industry developments.

Reasons to Purchase this Report:

• The report performs qualitative and quantitative analyses of the Stevia market based on both the economic and non-economic factors.
• It accurately indicates the regional segments expected to witness the fastest market growth rate.
• The report endows the reader with an in-depth understanding of the competitive landscape of the Stevia market, with the market ranking of the major players and their new product launches, partnerships, and various other business expansion strategies.

Table of Content
Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Stevia Market Segmentation & Impact Analysis
    4.1. Stevia Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Growing number of diabetic & obesity population
                    4.2.2.2. Increasing preference among consumers for low-calorie foods
                    4.2.2.3. Increasing usage of sugar substitutes in bakery & food products
                    4.2.2.4. Growing consumer demand for natural sugar substitutes
          4.2.3. Market restraints analysis
                    4.2.3.1. Fluctuations in prices of stevia leaf
                    4.2.3.2. Uncertainty regarding adverse effects of the stevia based sugar substitutes
                    4.2.3.3. Present challenging economic conditions due to the pandemic
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

READ MORE….!

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