Press release
Stevia Market Trends From 2023 to 2032
Stevia Market- Xcellent Insights
The Stevia Market was valued at USD 628.30 Million in 2022 and is expected to register a CAGR of 4.30% by 2032.
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Key characteristics of stevia include:
Natural Sweetness: Stevia leaves contain natural compounds called steviol glycosides, which are responsible for the plant's sweet taste. These compounds are much sweeter than sugar, with some estimates suggesting they can be up to 200-300 times sweeter than sucrose (table sugar).
Zero Calories: One of the major benefits of using stevia as a sweetener is that it has negligible caloric content. This makes it a desirable alternative for people looking to reduce their calorie intake or manage their weight.
Growing concerns about obesity, diabetes, and other lifestyle-related health issues have led consumers to seek healthier alternatives to traditional sweeteners. Stevia, being a natural sweetener with zero calories and a low glycemic index, appeals to health-conscious individuals. And Rise in Diabetes and Obesity Rates: The global increase in diabetes and obesity rates has driven demand for sugar substitutes like stevia. People with diabetes or those aiming to control their weight often look for sugar alternatives that don't affect blood sugar levels.
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Some Companies Listed in the Report:
Haotian Pharm
PureCircle
Shandong Shengxiangyuan
Sunwin Stevia
Shandong Huaxian Stevia
GLG Life Tech Corp
Qufu Tianyuan Biotechnology
Cargill
Jining Aoxing Stevia Products
Morita Kagaku Kogyo
Tate & Lyle
Chenguang Biotech Group
Biolotus Technology
Daepyung
Stevia Natura
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Stevia Market Segment by Type:
Reb D
Reb M
Glucosyl Stevia
Stevia Market Segment by Application:
Beverage
Food
Health Care Products
Pharmaceutical Industry
Cosmetics
Others
Stevia Market Segment by Region:
North America (USA, Canada, Mexico)
Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East & Africa (Saudi Arabia, U.A.E, Egypt, Nigeria, South Africa, Rest of MEA)
Competitive Landscape:
The global Stevia market is highly competitive and consists of leading regional and global market players. These players employ a wide range of strategic methods to maintain or enhance their competitive position. Some of the common strategies include mergers and acquisitions, joint ventures, product launches, franchising, and licensing.
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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…
