Press release
Next generation stevia consumption is predicted to surge at 9.4% CAGR From 2022 to 2032
Next Generation Stevia Market
The increasing preference for low-sugar and low-calorie foods among health-conscious consumers has led to a surge in demand for natural sweeteners like stevia. The growing popularity of organic products and plant-based foods is anticipated to drive shipments of next-generation stevia extracts globally.
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Key Highlights from the Market Study:
The North America next-generation stevia market holds a substantial market share of 26.3%, with a revenue total of US$ 196.6 million.
In Europe, the next-generation stevia market is valued at US$ 158 million, accounting for a market share of 21.2%.
The China next-generation stevia market holds a market share of 9.7%, with a total valuation of US$ 72.5 million in 2022.
The Asia Pacific region is expected to offer lucrative opportunities for the next-generation stevia market due to increasing demand for natural sweeteners and a high incidence of diabetes. Factors such as the rising prevalence of diabetes, the presence of key food manufacturers, and a growing focus on health and fitness are expected to favor the market potential in this region.
The demand for organic and plant-based food products is projected to drive the adoption of next-generation stevia sweeteners, enhancing market potential throughout the forecast period.
Browse Full Report: https://www.factmr.com/report/848/next-generation-stevia-market
Competitive Landscape:
Manufacturers of next-generation stevia are expected to focus on research and development of innovative product offerings to gain a competitive advantage. These suppliers are also expanding their product portfolios by commercializing and launching new products to strengthen their market presence.
Market Developments:
Arboreal, an India-based start-up focused on providing low-calorie natural sugar substitutes, secured approximately US$ 3.5 million in two rounds of funding. The company aims to develop sugar substitutes that not only taste sweet but also mimic the qualities of sugar in terms of feel and texture.
B.T. Sweet Ltd., an Israel-based food technology start-up, introduced a new plant-based sweetener called Cambya, serving as a drop-in sugar replacer for various applications.
In January 2021, SweeGen, a company specializing in sweeteners, announced the commercialization of its Bestevia Rebaudioside N (Reb N), particularly suitable for beverages. This stevia is created from patented technology from Conagen, a biotech company.
New entrants in the market can concentrate on research and development to create innovative sweetening solutions, gaining a significant market share in the global next-generation stevia industry.
Key Segments Covered in Next Generation Stevia Industry Research:
By Form:
Liquid
Powder
By Application:
Bakery
Confectionery
Cereal-based Products
Dairy Products
Beverages
Carbonated Beverages
Juices
Others
Nutraceuticals/ Pharmaceuticals
Others
By Region:
North America
Latin America
Europe
APAC
MEA
To Gain In-Depth Insights on Next Generation Stevia Market, Request Methodology at
https://www.factmr.com/connectus/sample?flag=RC&rep_id=848
This market analysis from Fact.MR presents an unbiased overview of the global next-generation stevia market, providing historical market data (2017-2021) and forecast statistics for the period of 2022-2032. The study covers essential aspects by form, application, and region, providing valuable insights into market trends and potential growth opportunities.
Related Reports:
Frozen Bakery Products are predicted to increase at a CAGR of 6.3% from 2023 to 2033
https://www.factmr.com/report/260/frozen-bakery-products-market
Gluten-free Bakery Products Market Outlook (2022-2032)
https://www.factmr.com/report/3035/gluten-free-bakery-products-market
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