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Global stevia market to witness a CAGR of 8.2 % during 2019-2025

1110 Days ago

NEW YORK, May 08, 2019 (GLOBE NEWSWIRE) -- The global stevia market is likely to generate a demand of USD 940.4 million by 2025, at a CAGR of 8.2 % over the next seven years. Rising demand for low-calorie natural sweeteners as sugar substitute is projected to augment market demand over the forecast period. Moreover, increased availability of stevia containing products, and favorable regulatory environment is likely to drive the market for stevia.

The scientific name for stevia is stevia rebaudiana (Bertoni), and it is the sweetest plant belonging to the Asteraceae family. The demand for zero-calorie sweetener from a natural source has led to increased application of stevia in food and beverages. The extraction process of stevia includes crushing the leaves, seeping them in water, filtering and separating the steviol glycosides, purifying the extract with either water or food-grade alcohol, and finally drying the high purity stevia extract.

Key findings from the report:

  • The global stevia market is expected to reach USD 940.4 million by 2025 at a CAGR of 8.2% over the forecast period

  • Based on application, the Beverages segment accounted for the largest segment of the global stevia market in 2018

  • Asia-Pacific dominated the global market in 2018, and is expected to grow at a significant CAGR over the forecast period

  • Some of the key companies operating in the industry include Cargill; PureCircle Limited; Archer Daniels Midland Company; Evolva Holding SA; Stevia Corporation; Tate & Lyle PLC; Ingredion Inc.; GLG Life Tech Corp; Sunwin Stevia International, Inc.; The Coca-Cola Company; and PepsiCo Inc.; among others

Sugar reduction trend driving the industry growth

With growing health awareness across the globe, there has been an increased focus on sugar reduction and development of alternative sweeteners. More and more consumers are monitoring their sugar intake. Large number of consumers check amount of sugar in their food products before buying. Additionally, consumers are also avoiding artificial sweeteners, which has in turn led to high growth potential for natural sweeteners such as stevia.

Browse full research report with TOC on  "Global Stevia Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2019-2025" at: https://www.energiasmarketresearch.com/global-stevia-market-report/

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Stevia market - Regional insight

Asia-Pacific dominated the global market in 2018, and is expected to grow at a significant CAGR over the forecast period. The growth can be primarily attributed to high growth of food and beverages sector in the region, along with high production capacity of countries such as China and India. Moreover, with high consumption of cane sugar and large diabetic population, Asia-Pacific represents lucrative opportunities for the stevia market growth.

The report segments stevia market on the basis of type, application, and region.

By Application

  • Beverages

  • Pharmaceuticals

  • Food products

  • Tabletop sweeteners

  • Others

By Region

  • North America

  • Europe

  • Asia-Pacific

  • Central and South America

  • Middle East & Africa

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