Global Stevia Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global stevia market in its upcoming report titled, “Global Stevia Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global stevia market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global stevia market report has been segmented on the basis of extract type, application, and region.

Stevia plant was traditionally grown in Brazil and Paraguay used as a substitute for sugar. Stevia is extracted from leaves of flowers like asters and chrysanthemums. It is also known as sweet leaf or honey leaf, which is used as a flavor enhancer and herbal supplement. It does not contain carbohydrates, calories, or artificial ingredients. Stevia sweetener is a white powder or a liquid extract. Stevia was also used as a traditional medicine for burns, colic, stomach problems, and hypertension.

Consumers are moving towards natural ingredients, which is expected to fuel demand for stevia. Increasing geriatric population, with rising incidence of diabetes, and health concerns to avoid high calorie intake is expected to fuel growth of the target market. Moreover, increasing usage of stevia as a sweetener in food & beverages industry and in pharmaceutical industry as herbal medicines and tonics are other factors expected to drive growth of the global stevia market over the forecast period. However, side effects such as nausea, kidney and reproductive system complications availability of other low cost artificial sweeteners are key factors restraining growth of the global stevia market.

Increasing consumption of sports nutrition products & supplements and health drinks with low calorie count is also expected to provide a potential opportunity for key players in the global stevia market. In addition, new product development, improved taste, coupled with good promotion activities is likely to increase the demand for stevia-based products and boost the market growth.

Asia Pacific accounted the highest share in terms of revenue in the global stevia market, owing to high investments from various multinational manufacturers in the region, rising demand for low calorie products, and changing consumer preference to healthier eating. North America market accounted for second-highest in terms of revenue share, owing to increasing consumer demand for organic products. Europe market is expected to witness a significant growth in terms of revenue share in the global stevia market over the forecast period, due to rising health awareness and rising demand for packaged food.

Global stevia market segmentation:

Segmentation by extract type:

• Whole leaf
• Powdered
• Liquid

Segmentation by application:

• Dairy
• Bakery & confectionary
• Tabletop sweeteners
• Beverages
• Convenience food

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Cargill Limited
• Ingredion Inc.
• Tate & Lyle PLC
• PureCircle Ltd.
• GLG Life Tech Corporation
• Stevia Corp.
• Stevia First Corporation
• Evolva Holding SA
• Archer Daniels Midland Company