Stevia Market Size Value USD 1,185.0 Million by 2027 at 9.6% CAGR | Emergen Research
The Stevia Market study digs deep into aspects such as market segmentation, key driving forces, opportunities and threats for the forecast period of 2021-2027. To help business strategist strengthens their strategic planning and executes a plan to maintain and gain a competitive edge the research weighs up on buyer preferences, gross margin, profit and sale across different regions. Strong focus on financial competency, strengths, and weaknesses of the companies and recent acquisition and merger speaks a lot about the future adjacencies around the core business due to the ongoing development in the Stevia Market.
Growing preferences among consumers for plant-based sugar substitutes are most likely to propel the growth of the market over the forecast period. The zero calories and zero glycemic index characteristics of stevia are expected to increase its adoption. Moreover, the wide popularity of clean-labeling has also boosted up the sales of stevia.
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The research study presents an industry-wide summary of the Stevia Market including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The global Stevia Market research report is an investigative study of the market that offers key statistical data with regards to market size, market share, revenue growth, and CAGR over the forecast period 2021-2027.
- 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.
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The report also discusses the key players involved in the market such as 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. among others. and others as well as new entrants in the market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
The report analyzes the market based on different categories such as product types, end-user applications, and leading geographical regions. It offers key insights into the factors that are expected to influence the growth of the segments and sub-segments.
Major regions include North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report studies the market in these regions on the basis of demand and trends, consumer behaviour and preferences, government initiatives and regulatory framework, economic growth, technological developments, supply and demand, production and consumption patterns, import/export, and presence of key players in each region.
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The report analyses the market based on different categories such as product types, end-user applications, and leading geographical regions. It offers key insights into the factors that are expected to influence the growth of the segments and sub-segments.
- Product Form Outlook (Revenue, USD Billion; 2017-2027)
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Bakery & Confectionary
- Dairy Food Products
- Dietary Supplements
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