Overview
The Stevia market is anticipated to grow rapidly at a high CAGR during the forecast period. The global stevia market is driven by growing popularity among health-conscious consumers and numerous applications spanning diverse sectors. These factors have helped shape the stevia market and are expected to boost the growth. Companies in the stevia market could also face challenges such as availability of substitutes in the zero calorie products segment. The details covered in the stevia market report cover all the aspects of the industry. stevia market analysts have also shared growth projections in the report and have suggested stevia market players to plan growth strategies accordingly.
Industry News
Tate & Lyle has purchased Sweet Green Fields, a stevia provider, reinforcing the stevia solutions and expertise of the multinational ingredients business by developing a vertically integrated system for supply along with centralised r&d to develop to promote the production of stevia products. In 2017, it became the world wide distribution company of SGF's range of stevia-based products, Tate & Lyle initiated its collaboration with SGF. The business then gained a 15% equity stake in SGF the next year.
Regional Overview
Companies in the stevia market are spread across the world. The stevia market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American stevia market demand has many companies across the United States, Canada, and Mexico. Europe has companies in the stevia market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the stevia market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The stevia market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the stevia market can be found in the market research report.
Market Segmentation
The global stevia market has been segmented based on type and application. On the basis of type, the market for stevia is segmented based on liquid, powder, whole leaf, and others. Additionally, the market on the basis of application, is segmented into bakery & confectionery, beverages, convenience foods, tabletop sweeteners, dairy, and others.
Factors like growing awareness about health benefits and increasing stevia penetration in the segment of beverages, especially in carbonated drinks support the stevia market growth. The performance of the stevia market has also been studied for the past and current years. Additionally, the stevia market report provides analysis of these segments. The stevia market segmental analysis provided in the report offers major details about the stevia market performance and future. As customers continue to check out meals and drinks that are easier to digest, demand for stevia target has risen exponentially. Internationally, from 2015 to 2019, product announcements containing stevia rose significantly.
Competitive Landscape
The stevia market is supported by technology advances and expanded delivery networks. The population growth around the world and increasing Stevia Market Demand based services and products also support the market growth. However, the stevia market growth can be affected due to the rising popularity of other substitutes. The report covers all such details which will help companies in the stevia market to strengthen their business plan and improve their product portfolio. The stevia market research report also provides company profiles of major companies. The company profiles of many organizations operating in the stevia market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the stevia market. New companies and established businesses can plan their strategies based on this data provided in the stevia market research report.
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