Stevia Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

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Report Code: ZMR-2826 | Report Format : | Status : Upcoming |

Abstract

Global Stevia Market: Overview

Sugar alternative is a food additive/preservative which is utilized as a substitute for sugar. Most of the sugary alternatives are much sweeter as compared to sugar and are utilized in less quantity for consumption. In terms of intensity of sugariness, sugar alternatives are classified into high- and low-intensity sweeteners as well as high-fructose corn syrup.

Global Stevia Market: Growth Factors

As customers nowadays are moving away from sugar or sugary food products and are preferring more natural ingredients, demand and requirement for natural/plant-based sweeteners particularly stevia is increasing tremendously, as this market has already established as a most healthy substitute for sugar. New product growth, enhanced taste, and adaptability, along with the tremendous level of marketing support are expected to augment the demand and popularity for stevia products and fuel the market development. The increasing awareness and knowledge about the health advantages linked with stevia boost the growth of the stevia market. The extensive usage of stevia is fueling its demand, particularly in food and beverage division.

As the rate of the diabetic and obese people are increasing day by day, stevia is the best alternative owing to its zero-calorie substance. As a natural sweetener, it has been in the news owing to a variety of regulatory limitations, which is the main threat to stevia market. Another major restraint factor for this market is the accessibility of other low/zero-calorie sweeteners. The increasing health drink market and sports nourishment products would further fuel this industry's development.

Global Stevia Market: Segmentation

The global stevia market is classified in terms of type and application. Based on the type, the market is categorized into liquid, powder, and leaf. Stevia is broadly utilized in the powdered type across the world; therefore, it is anticipated to hold the highest market share in the market. The stevia market is categorized based on application, which is further divided into confectionery, dairy food, bakery, dietary supplements, beverages, and others. Stevia is broadly utilized in different food items such as desserts, confectionery, snack foods, baked foods, and jellies, as it imparts sugariness/sweetness in the food product, and it contains very low-calorie.

Global Stevia Market: Regional Analysis

North America is projected to represent the most lucrative and profitable market, which is expected to be followed by the Asia Pacific and Latin America. North America is projected to grow rapidly in the coming future. In the Asia Pacific, India and China is anticipated to owe a considerable share for the growth and development of the global stevia market and therefore, represent ample opportunities and prospects for manufacturers in the coming years. The Middle East and Africa are likely to represent a prospective market owing to rise in disposable income. Whereas, Japan is expected to record less development rate as compared to other regions. This is owing to soaring cost of stevia along with augmented exports of stevia particularly from Japan to other.

Global Stevia Market: Competitive Players

Some of the most important market players in the stevia market are Tate & Lyle Plc., Evolva Holding S.A., Cargill Inc., Stevia Corp., PureCircle Ltd., GLG Life Tech Corp. Ingredion Inc., and Nestlé S.A., among others.

Global Stevia Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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