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Global Stevia Market to 2027 - Size, Share, Outlook and Opportunity Analysis - ResearchAndMarkets.com

July 14, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Jul 14, 2021--

The “Stevia Market - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027” report has been added to ResearchAndMarkets.com’s offering.

Stevia refers to around 240 species of herbs and shrubs of the sunflower family Asteraceae. Stevia is used as a sweetener and sugar replacer which is obtained from green leaves of stevia plants. Stevia has various health benefits such as lowering blood glucose and blood pressure levels. Stevia has zero calories, making it popular for use in food & beverage products. Stevia is mostly used in baked goods, dairy products, beverages, confectionery products, and nutritional supplements.

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Major players operating in the stevia market are focusing on various strategies such as capacity expansion in order to meet the increasing demand of stevia and strengthen their market presence. For instance, in 2017, PureCircle (manufacturer of stevia ingredients) completed expansion of its stevia plant-based in Malaysia. The expansion of the production facility will help PureCircle to double its production capacity.

Moreover, key players are focusing on various strategies such as new product launches in order to expand their product portfolio. For instance, in 2018, Cargill, Inc. launched EverSweet, a new stevia sweetener for U.S. confectionery market. The sweetener was created through fermentation, and can be used in variety of confectionery applications including chocolate, chewing gum, as well as hard candy and mints.

Growing demand for antioxidants and natural ingredient products due to increasing consumption of low-calorie food around the globe is expected to provide potential opportunities for stevia manufacturers. Changing demographics on a global scale coupled with the increasing focus of the key manufacturers to enhance the supply chain infrastructure is expected to propel the market growth of stevia. Backward integration from manufacturers to raw material suppliers will further favor the market growth.

Key features of the study:

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  • This report provides in-depth analysis of stevia market, and provides market size (US$ Million and Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global stevia market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
  • The global stevia market report caters to various stakeholders in this industry including investors, suppliers, stevia manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global stevia market

Detailed Segmentation:

Global Stevia Market, By Extract Type:

  • Liquid Extract
  • Clear
  • Dark
  • Powder Extract
  • Stevia Blends
  • Glycoside (40-50%)
  • Glycoside (80-95%)
  • Leaf

Global Stevia Market, By Application:

  • Dairy Food Products
  • Ice Cream
  • Yogurt
  • Flavored Milk
  • Bakery Products
  • Bread & Rolls
  • Biscuits
  • Cakes
  • Others
  • Dietary Supplements
  • Beverages
  • Energy Drinks
  • Soft Drinks
  • Hot Drinks
  • Flavored Drinks
  • Natural Sweetened Water
  • Packaged Food Products
  • Pickles
  • Jam
  • Sauce
  • Chilled
  • Nutritional Products
  • Frozen Food
  • Confectionery Products
  • Snacks
  • Potato Chips
  • Processed Snacks
  • Other Snacks
  • Table Top Sweeteners
  • Others

Global Stevia Market, By Region:

  • North America
  • By Country
  • U.S.
  • Canada
  • Latin America
  • By Country
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
  • Europe
  • By Country
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • By Country
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • By Country
  • GCC
  • Israel
  • Rest of Middle East
  • Africa
  • By Country/Region
  • South Africa
  • Central Africa
  • North Africa

Company Profiles

  • Nestle S.A.
  • The Coca-Cola Company
  • PepsiCo Inc.
  • Cargill Inc.
  • Evolva Holding S.A.
  • PureCircle Ltd.
  • Stevia Corp.
  • Ingredion Inc.
  • GLG Life Tech Corp.
  • Tate & Lyle Plc.

Key Topics Covered:

  • Research Objectives and Assumptions
  • Research Objectives
  • Assumptions
  • Abbreviations
  • Market Purview
  • Report Description
  • Market Definition and Scope
  • Executive Summary
  • Market Snippet, By Extract Type
  • Market Snippet, By Application

For more information about this report visit https://www.researchandmarkets.com/r/z089a2

View source version on businesswire.com:https://www.businesswire.com/news/home/20210714005722/en/

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KEYWORD:

INDUSTRY KEYWORD: RETAIL FITNESS & NUTRITION HEALTH FOOD/BEVERAGE

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 07/14/2021 11:34 AM/DISC: 07/14/2021 11:34 AM

http://www.businesswire.com/news/home/20210714005722/en