Overview:

Stevia is a sugar substitute obtained from plant leaves of Stevia Rebaudiana. Stevia is used as a sweetener and is majorly in demand from food and beverages industry. Stevia was originally grown in Brazil, Japan, Paraguay, and China. It is also a no calorie sugar substitute making it high in demand.

Market Dynamics:

Rising demand from food and beverage industry to produce no calorie drinks and beverages is a key factor fueling growth of the global market. Additionally, increasing number of diabetic patients globally is another factor boosting demand for natural no calories sugar products. This is another factor driving the growth of the global market currently and is expected to further fuel market growth to a considerable extent during the forecast period. Moreover, rising demand for plant based or natural sugar sweeteners is a factor propelling growth of the global market currently. Increasing marketing and sales activities by major manufacturers is further promoting product adoption. However, fluctuating prices of stevia leaf is factor expected to hamper the growth to a certain extent.

Key Trends:

Increasing mergers and acquisition to launch new products and expand market reach is a key trend observed in the market, which is a major factor expected to fuel growth of the target during the forecast period.

Regional Analysis:

For detailed understanding of market dynamics, the global marketis analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific stevia market accountedfor major revenue share in 2018, and is expected to witness highest growth during the forecast period. Rising demand from food and beverages companies like Pepsi etc. in countries such as India and China are key factors driving growth of the target market in Asia Pacific region. The market in North America accounted for second highest share, and the market in Europe is expected to witness considerable growth during the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Stevia Market, By Type:

• Dry
• Liquid

Global Stevia Market, ByApplication:

• Beverages
• Food Products
• Pharmaceutical
• Tabletop sweeteners
• Others

Key Players Covered:

Key players operating in the market includes, Cargill, Ingredion Incorporated, Tate & Lyle Plc, PureCircle Ltd, GLG Life Tech Corporation, Wild Flavors and Specialty Ingredient, Sunwin Stevia International, Inc., S&W Seed Co, Pyure Brands LLC, and Morita Kagakau Kogyo Co.

Key features of the study:

Foresight Market Research provides detailed analysis on Stevia Market in our report- Global Stevia Market by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global Stevia Market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.