The increasing prevalence of obesity and diabetes is expected to serve as a key driver for the stevia market. According to the WHO (World Health Organization), in 2020, more than 1.7 Mn deaths were caused owing to diabetes, and it is the seventh foremost cause of death across the world. Similarly, in 2020, more than 2 Mn adults were overweight, while nearly 650 million of these were obese. As the occurrence of obesity and diabetes is rising, consumers are taking proper measures to continue a healthy lifestyle, and hence, are opting for zero-calorie and natural sweeteners based beverages to maintain their blood sugar levels.
MARKET DYNAMICS
As more and more consumers are choosing for natural and plant-based products, manufacturers, especially in the food and beverage sector, are trying to integrate natural additives in their products. The rising awareness about the side-effects of the antibiotics and hormones present in animal products, increasing vegan population, and growing concern for animals are expected to bloster in the demand for stevia drinks market. Moreover, stevia is natural and assist to produce low-calorie products. Stevia contains active compounds including steviol glycosides, which are pH and heat stable. Numerous advantages provided by stevia have augmented its demand in various end-use industry including beverage.
MARKET SCOPE
The "Global Stevia Drinks Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the stevia drinks with detailed market segmentation by extract type, application. The global stevia drinks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading stevia drinks market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global stevia drinks market is segmented on the basis of extract typeinto whole leaf, powdered, and liquid. On the basis of application the stevia drinks market is segmented into dairy, bakery and confectionary, tabletop sweetners, beverages, and convenience foods.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global stevia drinks market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The stevia drinks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the stevia drinks market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the stevia drinks market in these regions.
MARKET PLAYERS
The reports cover key developments in the stevia drinks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from stevia drinks market are anticipated to lucrative growth opportunities in the future with the rising demand for stevia drinks in the global market. Below mentioned is the list of few companies engaged in the stevia drinks market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the stevia drinks market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cargill Corp.
- PureCircle Limited
- Archer Daniels Midland Company
- Evolva Holding SA
- Stevia Corporation
- Tate & Lyle PLC
- Ingredion, Inc.
- GLG Life Tech Corp.
- Sunwin Stevia International, Inc.
- PepsiCo, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.