Stevia is a natural, non-carcinogenic, zero-calorie sweetener, which has a low glycemic index. It offers several health benefits majorly in managing obesity and diabetics, managing weight, and controlling blood pressure. Hence, it is used as an alternative for sugar in many foods and beverages by consumers. Stevia is approximately 200 to 300 times sweeter than regular sugar. In addition to this, stevia possesses many beneficial properties such as it prevents fermentation and discoloration, strengthens flavor, reduces stickiness in beverages, and has a high heat resistance.
MARKET DYNAMICS
Rising awareness of the health benefits of low-calorie consumable products is considered as the significant factor that propels the market growth. The number of obese and diabetic people is increasing globally; stevia is considered as the best sugar alternative owing to its zero-calorie property. According to the World Health Organization, the number of people with diabetes increased from 108 million in 1980 to 422 million in 2014. This increasing prevalence of diabetes among the populace will catalyze market growth. Moreover, consumers are also demanding healthy ingredients in their food products. Thus, the majority of the food manufacturers are responding to this new trend among consumers by developing products with low-calorie content and sugar content, which are natural such as stevia. The rising health consciousness among consumers is also anticipated to fuel the growth of stevia ingredients market.
MARKET SCOPE
The "Global Stevia Ingredients Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the stevia ingredients market with detailed market segmentation by sweetening ingredient, type of extract, type of leaves and geography. The global stevia ingredients market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading stevia ingredients market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global stevia ingredients market is segmented on the basis of sweetening ingredient, type of extract, and type of leaves. On the basis of sweetening ingredient, stevia ingredients market is classified into rebaudioside A and stevioside. On the basis of type of extract, market is segmented into liquid extract and powder extract. On the basis of type of leaves, market is segmented into dried leaves, ground leaves, fresh leaves, and tea cut leaves.
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 ingredients 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 ingredients 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 ingredients 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 ingredients market in these regions.
MARKET PLAYERS
The reports cover key developments in the stevia ingredients 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 payers from stevia ingredients market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the stevia ingredients market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the stevia ingredients 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.
- ADM
- Cargill, Incorporated
- Evolva Holdings SA
- Gerson Lehrman Group, Inc.
- Ingredion Incorporated
- PureCircle
- Pyure Brands LLC
- QUFU SHENGREN PHARMACEUTICAL CO., LTD.
- S&W Seed Co.
- Tate & Lyle
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.