Press release
Stevia Market Detailed Analysis & Focusing on Key Leaders - Cargill Inc., Evolva Holding S.A., Stevia Corp., PureCircle Ltd., Ingredion Inc., GLG Life Tech Corp., and Tate & Lyle Plc Inc.
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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.
Market Outlook
-North America held the highest market share in the global market in 2017. The region is projected to maintain its dominance over the forecast period, owing to increasing health awareness and use of stevia in pharmaceutical sector.
-Asia Pacific is projected to be the fastest growing region in the market over the forecast period. Key factors such as rising population of diabetes, growing health awareness and low cost of production of stevia compared to other sweeteners. In 2017 according to International Diabetes Federation, diabetic population of India and China accounted for 8.8% and 10.9% of the total adult’s diabetic population of the respective countries.
Key players in Global Stevia Market
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.
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Stevia Market
Parent Market Analysis
Sweetener market comprises ofcaloric and non-caloric sweeteners. Among which caloric sweetener includes sucrose, table sugar, raw sugar, and others. Whereas non caloric sweetener have been further segmented into natural as well as synthetic sweeteners. The natural sweeteners are further classified as low potency and high potency sweetener whereas synthetic sweeteners include advantame, aspartame, sucralose and others. Increased consumer awareness towards low caloric food across the globe has changed…
