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Stevia Market boosting the growth through 2026 by Global Top Players - Cargill Inc., Evolva Holding S.A., Stevia Corp., PureCircle Ltd., Ingredion Inc., GLG Life Tech Corp., and Tate & Lyle Plc Inc.

10-29-2018 11:10 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: coherenet market insights

Stevia Market boosting the growth through 2026 by Global Top

Stevia is a native plant to South America and consists of sweet leaves. Stevia is a semi-humid, subtropical, and perennial plant which can be grown anywhere like in garden and earthen pot. Stevia is popularly used as a sweetener in soft drinks, ice cream, desserts, sauces, yogurts, pickled foods, bread, chewing gum, candy, prepared vegetables, and seafood. Stevia is 200 to 300 times sweeter than table sugar, which makes it a popular raw material by the manufacturers. Stevia as a sweetener can be used in different forms as leaves, powdered extract and liquid concentrates. Stevia is healthier and preferable over table sugar, as it is a natural sweetener without any adverse effects.

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Market Dynamics

Widespread awareness of the benefits of stevia, rising health consciousness, and high prevalence of diabetes are the key factors fueling growth of stevia market. Demand for stevia is high due to its low calorie and high protein content and natural sweetener properties, which makes it safe to use compared to artificial sweeteners such as aspartame, saccharin, and neotame. Stevia is a high intensity sweetener therefore, it is very popular in various food applications such as confectionery products, beverages, baked goods, and sweet dairy products. There are no severe allergies associated with stevia, which makes it safe to be used in products for children consumption. Therefore, increase in awareness of stevia and its health benefits across the world is projected to boost demand for stevia over the forecast period.

Increasing popularity of stevia among various food and beverages companies across the globe is creating a conducive environment for growth of the stevia market. For instance, in May 2018, Coca Cola launched 100% based stevia-sweetened Coke in New Zealand.

Market Taxonomy

On the basis of application type, the global stevia market is segmented into:

Beverages
Packaged Food
Bakery and Confectionery Products
Table Top Sweetener
Others (Pharmaceutical and dietary supplements)

On the basis of extract type, the global stevia market is segmented into:

Powdered
Whole Leaf
Liquid Extract

On the basis of form, the global stevia market is segmented into:

Dry
Liquid

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Key players operating in the global stevia market are Cargill Inc., Evolva Holding S.A., Stevia Corp., PureCircle Ltd., Ingredion Inc., GLG Life Tech Corp., and Tate & Lyle Plc Inc.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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