As part of Emergen Research's Global Stevia Market Research Report, key business details and extensive geographical spread of the Stevia industry have been analyzed. As well as a comprehensive qualitative and quantitative analysis, the study contains crucial statistics about the Stevia market. Reports about the global Stevia market provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfolios. The report also highlights the most important factors influencing industry revenue growth, including drivers, opportunities, trends, restraints, challenges, demand and supply ratios, production and consumption patterns, strict regulatory frameworks, and a multitude of micro-economic and macro-economic factors.
The current COVID-19 pandemic is expected to have an effect on the growth of the Stevia industry, primarily as a result of movement restrictions and impact on supply and demand due to lockdowns. In the wake of the COVID-19 pandemic, several sectors of the global market have been affected, and Stevia will likely be among them. Economic slowdown and dynamic changes in demand will further hinder the growth of the sector. The report covers the impact analysis of the COVID-19 pandemic on the overall Stevia industry.
The global stevia market size was USD 790.6 Million in 2021 and is expected to register a revenue CAGR of 8.5% during the forecast period, according to latest analysis by Emergen Research. Rising demand for stevia as an alternative for sucrose in the dairy industry and increasing investments by market players are factors expected to support market revenue growth between 2021 and 2030. In addition, Stevia has a sweet taste, which makes it capable of replacing sugar in a diet and has a very low calorific value, which makes it ‘no-calorie’ food. Stevia is also beneficial for indigestion-related problems, which decreases hunger and urges and cravings for sweets. Stevia when mixed with toothpaste helps to avoid gum disease, plaque buildup, and tooth decay. Moreover, increasing incidence of non-communicable diseases, such as diabetes and obesity, is expected to drive growth of the market during the forecast period. Stevia is a high-intensity sweetener, which is 200 times sweeter than sucrose, is used as a natural sweetener in the food & beverage industry and does not have any harmful effects on human body. It is also used as a tabletop sweetener in cafes and restaurants to add sweetness to instant beverages such as tea, coffee, and soft drinks.
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Market Overview:
The report bifurcates the Stevia market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Research Report on the Stevia Market Addresses the Following Key Questions:
- Who are the dominant players of the Stevia market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Stevia market?
- What are the key growth drivers and restraining factors of the Stevia market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Stevia market and its key segments?
The leading market contenders listed in the report are:
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., Sunwin Stevia International, Inc.
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Market Segmentations of the Stevia Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Stevia market on the basis of product, application, and region:
Segments Covered in this report are:
-
Product Form Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Leaf
- Liquid
- Powder
-
Application Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- Beverages
- Bakery & Confectionary
- Dairy Food Products
- Dietary Supplements
- Others
-
Regional Outlook (Volume: Kilo Tons) (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- North America
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Regional Outlook of the Stevia Market
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- 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)
Report Highlights:
- Besides offering a vivid depiction of the global Stevia business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
- The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years.
- The report scrutinizes the salient factors influencing the growth of the market in the near future.
- The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
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