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Stevia Beverages Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

02-19-2024 06:36 PM CET | Food & Beverage

Press release from: Evolve Business Intelligence

Stevia Beverages Market Growth Factors, Segmentation, Trends,

As per the study initiated by Evolve Business Intelligence, the global Stevia Beverages Market size accounted for USD 0.74 Billion in 2023, growing at a CAGR of 5.10% from 2023 to 2033. Stevia beverages are beverages sweetened primarily or entirely with extracts from the Stevia rebaudiana plant, a natural sweetener known for its intense sweetness without adding calories. Stevia beverages can include a wide range of drinks such as teas, flavored waters, sodas, energy drinks, and juices, offering consumers a low-calorie or zero-calorie alternative to traditional sugar-sweetened beverages. These beverages appeal to health-conscious consumers seeking to reduce their sugar intake, manage weight, or regulate blood sugar levels, while still enjoying sweetened drinks.
The Stevia Beverages market is primarily driven by increasing consumer demand for healthier beverage options amidst rising concerns about sugar consumption and its associated health risks. Additionally, growing awareness of stevia's natural origin and zero-calorie properties among health-conscious consumers fuels market growth, prompting beverage manufacturers to incorporate stevia as a key ingredient in their product formulations.

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Key Highlights:
• The global Stevia Beverages Market size was valued at USD 0.74 billion in 2023 growing at a CAGR of 5.10% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Stevia Beverages Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges.

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Key Players
Some of the major Stevia Beverages Market players holding high market shares include Dryden Aqua Ltd., Suez Water Technologies & Solutions, Samco Technologies, Inc., Aquatech International, and Evoqua Water Technologies. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• DAS Environmental Expert GmbH
• Pentair Plc
• Veolia
• Xylem Inc
• Dryden Aqua Ltd
• Suez Water Technologies & Solutions
• Samco Technologies, Inc
• Aquatech International
• Evoqua Water Technologies LLC
• Ecolab Inc.

Segmental Analysis
Market Segment By Type
• Powder
• Liquid
• Other

Market Segment By Application
• Soft Drinks
• RTD Tea and Coffee
• RTD Juice
• Sports Drinks
• Other Beverages

Market Segment By Distribution Channel
• Ecommerce
• Hypermarket and Supermarket
• Convenience stores
• Independent retailers
• Others

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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and data forecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

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