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Middle East and Africa Stevia Market Size, COVID-19 Impact and Analysis 2023- Business Strategies, Future Growth, Demand and Forecast Report 2032: SPER Market Research
Stevia has a number of health benefits, including the ability to help regulate blood sugar levels and improve insulin sensitivity, making it an appealing option for people with diabetes or other health concerns. Stevia products are becoming more widely available and affordable, making them more accessible to consumers across the Middle East and Africa.
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Middle East and Africa Stevia Market Overview (2022-2032)
• Forecast CAGR (2022-2032): 10.56%
• Forecast Market Size (2032): 0.05 billion
In Middle East and Africa Stevia Market has grown rapidly in recent years and is expected to expand with a CAGR of 10.56% in the future and is forecasted to reach USD 0.05 billion by 2032. This industry's growth is due to a number of key factors. Increasing consumer demand for natural and low-calorie sweeteners is one of the main factors. Growing public awareness of stevia's health benefits, rising demand for packaged foods and beverages, government initiatives to promote healthy lifestyles, and increased availability and accessibility of stevia products. Consumers are increasingly turning to natural sweeteners like stevia as a healthier alternative to sugar and artificial sweeteners as they become more health-conscious.
Impact of COVID-19 on Middle East and Africa Stevia Market
The COVID-19 pandemic had a mixed impact on the stevia market in the Middle East and Africa. Sales of stevia-based products such as packaged food and beverages and dietary supplements increased due to increased demand for healthy and natural products, including stevia. However, disruptions in the supply chain and logistical challenges impacted availability and distribution, resulting in price fluctuations and difficulties meeting consumer demand. Due to the closure of restaurants and cafes during lockdowns, demand for stevia products used in these establishments has decreased. As the region recovers from the pandemic, demand for stevia products is expected to increase, driven by consumer health awareness.
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Middle East and Africa Stevia Market Key Players:
The Middle East and Africa Stevia Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Cargill, Incorporated, Tate & Lyle PLC, Ingredion Incorporated, Archer Daniels Midland Company, Others.
Middle East and Africa Stevia Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Extract:
• Leaf
• Powder
• Liquid
By Application:
• Food and Beverages
• Oral Care
• Pharmaceutical
• Tabletop Sweetener
• Others
By Region:
• Middle East and Africa
• Saudi Arabia
• United Arab Emirates
• Iran
• Turkey
• Nigeria
• South Africa
• Others
Middle East and Africa Stevia Market is segmented into regions: Middle East and Africa, Saudi Arabia, United Arab Emirates, Iran, Turkey, Nigeria, South Africa, Others.
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