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 performs an insightful analysis of various fundamental market aspects, including SWOT analysis, CAGR during the projected period, recent developments, new product launches, technology upgradation, product offerings, application landscape, end-users, and geographical footprint of the leading companies. The market estimations carried out by our team of industry experts are based on various research methodologies and validated information on the present market scenario.

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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.
• 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.

Market Segmentation:

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

Regional Analysis:

The global Stevia market consists of various significant regional segments. Under this section of the report, the product demand, output, and estimated revenue share of each region have been ascertained. The most prominent regions dictating the global market include: 

• North America (U.S., Canada, Mexico)
• South America (Brazil, Argentina, Ecuador, Chile)
• Europe (U.K., Germany, France, Italy)
• Asia Pacific (China, Japan, India, Korea)
• Middle East &Africa (Egypt, Turkey, Saudi Arabia, Iran)

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Key highlights of the report:

1. Report Coverage: In this section of the report, significant information about the leading manufacturers, market segments, estimated timeline, and the most reliable products offered in this industry has been entailed.
2. Executive Summary:This section extensively assesses the competitive landscape, previous research studies, key market drivers, opportunities, restraints, challenges, trends, anticipated CAGR, and a study of micro- and macro-economic factors.
3. Regional Analysis: The report offers vital information related to the production capacity, demand and supply ratios, import &export status, and key players of the regional segments of the global Stevia market.
4. Company Profiles: The key market players have been profiled in the report based on their market value, volume, production capacity, product portfolios, and various other aspects.

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

Chapter 5. Stevia Market By Material Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
    5.1. Product Form Dynamics & Market Share, 2019 & 2027
          5.1.1. Leaf
          5.1.2. Liquid
          5.1.3. Powder

Continued…!

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