Transparency Market Research presents a new market study on the global stevia market for the forecast period between 2017 and 2025. The report, titled “Stevia Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” looks into various market indicators and growth trends that will impact the global stevia market for the aforementioned forecast period.
Stevia is a natural sweetener that is extracted from Stevia Rebuaudiana plant. Some of the active compounds of stevia are steviol glycosides and rebaudioside.
Some of the key growth drivers of the global stevia market include increasing awareness about the health benefits of stevia. Stevia offers numerous health benefits and the rising awareness among consumers about this is acting in favor of the growth of global stevia market. The increasing number of calorie conscious and fitness savvy consumers is also boosting the market’s growth.
The global stevia market can be studied on the basis of extract type, application, and geography. In terms of extract type, the segments into which the global stevia market can be divided are powder, liquid and leaf. The liquid extract segment can be further sub-segmented into clear liquid extract and dark liquid extract. The segment of powder extract can be further sub-segmented into sweet glycosides and stevia blends.
Of them, powder extract held the leading share in 2016, and is expected to display significant growth over the forecast period. This is mainly because powder stevia is also used as dietary supplements and as table top sweeteners.
On the other hand, liquid extract is anticipated to display the leading growth rate for the forecast period from 2017 to 2025. This is mainly because of ease of use and easy solubility of liquid extract in food and beverages.
On the basis of application, the segments into which the global stevia market can be divided are bakery, dairy product, beverages, dietary supplements, table top sweetener, packaged food, confectionery, and others. Table top sweetener accounted for the leading share in 2016 and is expected to witness sizeable growth rate over the forecast period. The low glycemic index and zero calorie content of table top sweetener makes it preferable among diabetic and health conscious consumers. Dietary supplement and dairy food products are expected to display significant growth rates on account of rising number of fitness savvy consumers globally.
Some of the key players that operate in the global stevia market are Evolva Holding S.A., Cargill Inc., PureCircle Ltd., Tate & Lyle plc, GLG Life Tech Group, Stevia Corporation, Ingredion Incorporated, The Coca-Cola Company, PepssiCo Inc., and Stevia First Corporation.
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