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Global Stevia Market is expected to grow at a CAGR of 6.32% during the forecast period from 2019-2026
Global Stevia Market 2019, Global Stevia Market Growth, Global Stevia Market Trends and Analysis, Global Stevia Market Forecast,
"Stevia Market by Type (Powder, Liquid, Leaf), Application (Bakery, Dairy Food Products, Beverages, Dietary Supplement, Others), Regions",and Global Forecast 2019-2026
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Major players in the global steviamarket are Evolva Holding S.A., Cargill, Inc., Stevia Corporation, PureCircle Ltd, Ingredion Inc., Tate & Lyle Plc, The Coca-Cola Company, GLG Life Tech Corp., Stevia First Corporation, PepsiCo Inc., In the Raw, Archer Daniels Midland Company, Sunwin Stevia International, Inc, Pyure Brands LLC, and HYET Sweet among others.In order to satisfy the burgeoning demand for the natural sweeteners the major firms are increasingly focusing on launching new products. For instance in 2017, the Archer Daniels Midland Company (ADM) launched two new sweetener brands, SweetRight stevia and VerySweet monk fruit, in the market.
The type segment is divided into powder, liquid and leaf. Due to its easy to use property the powder form segment led the global stevia market with an 82.71% share of market revenue in 2018. The application segment is categorized into bakery, dairy food products, beverages, dietary supplement, confectionary, and others. The beverages segment is projected to grow at the highest CAGR of 8.66% over the forecast period. This increased growth rate can be attributed to the rising use of stevia in the production of various carbonated drinks as well as low and zero calorie beverages.
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Even though the factors such as increased awareness of the health benefits of low-calorie sweeteners, rising demand for plant-based natural sweeteners coupled with rising incidence of diabetes and obesity are driving the global stevia market. The stringent regulatory environmentand availability of alternative low-calorie sweeteners are expected to restrain the growth of the market over the forecast period.
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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…
