Title: Global Stevia Market Share, Size, Price Trends, Research Report and Forecast 2018-2023
1 Global Stevia Market Influenced by Thriving
Food Beverage Industry
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3Report Description and Highlights
Report Description
Global Stevia Market Influenced by Thriving
Food Beverage Industry The global stevia
market is growing at a healthy rate as these
natural sweeteners are low in calories and
beneficial for the health. Owing to this, stevia
is now being increasingly used in the food and
beverage industry which has further given impetus
to the market. Stevia, derived from Stevia
Rebaudiana plant, is a natural sweetener which is
grown in South America. It encompasses 200 times
more sweetness than sugar but may leave a bitter
aftertaste at a high concentration. In addition,
stevia is free from calories and due to its
non-cariogenic nature, it is mild on to the
teeth. A new research report by IMARC Group,
titled Stevia Market Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast
2018-2023, estimates that the market was worth
approximately US 448 Million in 2017. The report
further anticipates the market to cross US
755 Million by 2023, at a projected CAGR of 9.1
over the forecast period.
4Report Description and Highlights
Report Description
- Market Drivers/Constraints
- The increasing awareness about the health
benefits of stevia, in comparison to sugar, has
led to an increase in the demand for stevia
because of which it is now commercially grown
across the globe. This acts as one of the major
driving forces supporting the global stevia
market growth. - Other factors catalysing the global demand for
stevia include changing lifestyles, surging
incomes, increasing health consciousness among
consumers, prevalence of diabetes and government
initiatives on minimising the sugar consumption,
particularly in developed nations. - As most of the low-calorie sweeteners available
in the market are artificially created, the
demand for natural sweeteners like stevia has
proliferated. - However, one of the factors responsible for
hampering the market growth is the ill-effects on
kidneys, reproductive and cardiovascular system
as well as blood pressure levels on excess
consumption of stevia. -
- Read full report _at_ https//www.imarcgroup.com/stev
ia-market
5Report Description and Highlights
Report Description
Extract Type Insights On the basis of extract
type, the market is segmented as powder, liquid
and leaf. Powder represents the most popular
extract type of stevia, accounting for the
majority of the total global consumption.
Powdered stevia is followed by liquid and leaf
stevia. End-Use Insights Based on end-use,
stevia finds its application majorly in the
beverage industry. Its consumption in the
beverage sector is comparatively high due to the
rising demand for low-calorie drinks owing to the
rising cases of obesity and diabetes. Beverage
Industry is followed up by food industry, table
top sweeteners, pharmaceuticals and
others. Regional Insights On a geographical
front, Asia-Pacific enjoys a leading position in
the global stevia market on account of a high
demand for stevia in the region. Within Asia
Pacific, China represented the leading producer
of stevia. Asia Pacific is followed by the North
American, Latin America, Europe and Middle East
and Africa. Request Sample Of The Report
https//www.imarcgroup.com/request?typereportid
573flagB
6Report Description and Highlights
Report Description
- Competitive Landscape
- The market is highly concentrated with the
presence of established manufacturers who compete
in terms of prices and quality. There is an
intense competition in the market which makes it
difficult for new entrants to survive. Some of
the leading players operating in the market are - Pure circle
- GLG
- Sunwin International
- Cargill
- Tate
- Lyle
- ADM
- Associated British Foods
- Cumberland Packing
- Browse more related reports
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7Report Description and Highlights
Report Description
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