According to a new market report published by Lucintel, the future of the stevia market looks promising with opportunities in the food and beverage industry. The global stevia market is expected to grow with a CAGR of 9% from 2020 to 2025. The major drivers for this market are growing awareness of health benefits of stevia over sugar and increasing demand for new food product development with lower calorie content
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Stevia is a natural sweetener that is extracted from a herbal plant species called Stevia Rebaudiana. In this market, leaf, powdered, and liquid are the major extract types of stevia. Lucintel forecasts that leaf based stevia will remain the largest extract type segment over the forecast period, as there is demand for whole leaf stevia among food & beverage manufacturers and processors.
Within this market, beverages will remain the largest application segment over the forecast period due to growing consumption of soft drinks, carbonated drinks, juices, and energy drinks with low sugar levels.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to rising disposable income and growing consumption of soft drinks, carbonated drinks, juices, and energy drinks in the region.
Cargill, Ingredion, Tate & Lyle, Purecircle, GLG Life Tech, Archer Daniels Midland, Sunwin Stevia International, S&W Seed, Pyure Brands, and Morita Kagakau Kogyo are among the major suppliers in the global stevia market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global stevia market by extract type, form, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Stevia Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global stevia market by extract type, form, application, and region as follows:
By Extract Type [Value ($ Million) shipment analysis for 2014 – 2025]:
By Form [Value ($ Million) shipment analysis for 2014 – 2025]:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Dairy
Bakery & Confectionery
Tabletop Sweeteners
Beverages
Convenience Foods
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.