Stevia Market Demand, Size, Share, Report Analysis, Industry Value & Forecast to 2024
by Rahul Rastogi Market Research AnalystThe global stevia market
has experienced healthy growth in recent years, on account of growing
awareness, thriving food and beverage industry along with the rising health
consciousness among consumers.
As per
the latest report by IMARC Group, titled “Stevia Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global stevia market reached a value of more than US$ 490
Million in 2018. Stevia is a natural and non-nutritive sweetener which is
extracted from the leaves of the Stevia Rebaudiana plant. Its leaves comprise
eight steviol glycosides, namely, stevioside, dulcoside A, steviolbioside, and
rebaudioside A, C, D, E, and F, that assist in providing 200-300 times more
concentrated sweetness than table sugar. Some of the health benefits offered by
regular stevia consumption include controlling diabetes, aiding weight loss,
building stronger bones, lowering blood pressure and protecting oral health. As
a result, it is used in the food and beverage industry for adding sweetness to
juices, yogurts, sauces, cereals, aerated drinks, flavored milk, salad
dressings, confectionery items, and baked goods.
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Stevia Market
Trends:
Manufacturers are
organizing marketing campaigns through different means, such as newspapers,
televisions and the internet, in order to increase product awareness amongst
consumers. Moreover, as stevia consumption before meals results in relatively
lower after-meal glucose levels, various food and beverage companies are
utilizing stevia for preparing products with less sugar and fewer count of
calories. Additionally, inflating disposable incomes and rising health
consciousness among consumers, particularly in developing countries such as
India and China, is proliferating the stevia market demand
in these countries. Further, the increasing prevalence of lifestyle diseases,
such as obesity, diabetes and high blood pressure, coupled with the rising
geriatric population, is anticipated to strengthen the growth of the market in
the upcoming years. Looking forward, the global stevia market share is
projected to reach a value of US$ 818 Million by 2024, expanding at a CAGR of
around 9% during 2019-2024.
Market
Summary:
·
Based on extract types, the market has been classified into
powder, liquid and leaf. Currently, powder represents the most popular stevia
extract as it is easy to use and available in a variety of convenient packaging
formats such as jars, sachets and bottles.
·
On the basis of end-uses, beverages account for the majority of
the market share as stevia is used in several ready-to-drink beverages such as
juices, and energy and aerated drinks. Other end-uses include food products,
tabletop sweeteners and pharmaceuticals.
·
The market has also been divided on the basis of regions into
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
At present, Asia Pacific is the leading market, accounting for the majority of
the global share. This can be accredited to the altering lifestyles and
inflating disposable incomes of consumers.
·
The competitive landscape of the global stevia market has also
been examined along with detailed profiles of major players that are operating
in the market.
Browse Full Report
with TOC & List of Figure: https://www.imarcgroup.com/stevia-market
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Created on Apr 18th 2019 00:57. Viewed 456 times.