The “Stevia Market” report forecast 2019-2024 is a professional and detailed study on the present state also focuses on the major drivers, Stevia business strategists and effective growth for the key players. Global Stevia Industry also provides granular analysis of the Stevia market dynamics, share, segmentation, revenue forecasts and facilitate better decision-making.
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The stevia market is forecasted to reach USD 934 million by 2024. It is expected to witness a CAGR of 8.43% during the forecast period (2019-2024).
- Increasing awareness of the health benefits of low-calorie consumable products is a major catalyst to the market growth. As the number of obese and diabetic people is on the rise, stevia is the best sugar alternative due to its zero-calorie property.
- Ground stevia can also be sprinkled lightly overcooked vegetables, meat, cereals, and salads. Besides adding its own sweet taste, it significantly enhances the flavor and nutritional value of food, thereby leading to its increased demand in the market.
Scope of the Report
Stevia is available in the powdered, liquid, and leaf form, and is used for applications such as bakery, dairy food products, beverages, confectioneries, dietary supplements, and others. Manufacturers are increasingly exploring alternative sweeteners to reduce calorific content without sacrificing the taste of food.
Stevia Market by Top Manufacturers:
Analysis and Key Opportunities of Stevia Market Report: Extensive analysis of the Global market, by component, helps in understanding the components of the Market that are currently used along with the variants that would gain prominence in the future. Stevia market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Key Market Trends
Liquid Stevia witnessed as fastest growing segment
Liquid Stevia is projected to be the fastest growing segment as consumers are preferring liquid form of stevia to sweeten recipes. A few drops of the liquid stevia extract replaces a teaspoon of cane sugar and is useful for sweetening coffee, teas and smoothies. Liquid stevia is available in several forms such as syrups, resulting from boiling the leaves in water. The syrup is used to enhance the flavour of many foods. Commercial scale applications prefer liquid stevia as they are concentrated and very less quantity is required. Furthermore, the demand for alcohol-free liquid is growing at a greater pace in the segment.
Asia- Pacific dominates the Market
Consumers have started to show interest in knowing the ingredients present in their foods, thus demanding “better for me” products. Most food manufacturers are responding to this new trend among consumers by developing products with lower sugar and lower calorie content, which are natural such as stevia. The United States has the highest consumption of stevia as a sweetener among all the countries in the North America region. Stevia extracts were only approved for use in the European Union in November 2011. Therefore, consumption of stevia is still very low. However, food & beverage manufacturers are rapidly developing products containing stevia. Asia-Pacific is the world’s largest stevia consuming region, which has been achieved principally through rapid population growth.
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Some Major Point cover in this Stevia report are: -
What will the market growth rate, Overview and Analysis by Type of Stevia Market in 2024?
What are the key factors driving, Analysis by Applications and Countries Global Stevia industry?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Stevia?
Who are Opportunities, Risk and Driving Force of Stevia Market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
Who are the opportunities and threats faced by the Manufacturers in Stevia space? Business Overview by Type, Applications, Gross Margin and Market Share
What are the market opportunities, market risk and market overview of the Stevia Market?
No. of Pages: - 110
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Table of Contents included in Stevia Market Report –
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user industry
PART 07: Market segmentation by application
PART 08: Geographical Segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
List of abbreviations
List of Exhibits
And Many More….
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