Stevia Market to Witness Steady Expansion During 2024 - 2031 | Nestlé S.A., The Coca-Cola Company

Market Overview:

Global stevia market size is expected to reach US$ 1.79 Bn by 2031, from US$ 1.00 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 10.1% during the forecast period (2024-2031).

Market Dynamics:

The stevia market is expected to witness significant growth over the forecast period owing to two key drivers. Firstly, rising consumer awareness about the health risks associated with excessive sugar intake is driving the demand for low-calorie sugar substitutes like stevia. Secondly, stevia is gaining popularity among food and beverage manufacturers as a natural sweetener and sugar alternative to develop low-sugar and sugar-free products. This is boosting market growth. Stevia finds wide application in the food and beverage industry for products like yogurt, soft drinks, table-top sweeteners, and dietary supplements. The increasing incidence of obesity, diabetes and other health issues related to sugar consumption is prompting consumers to reduce sugar intake. This is expected to drive higher adoption of stevia as a natural and low-calorie sweetener.

💎 Sample Copy of the Report @ https://www.coherentmarketinsights.com/insight/request-sample/2082

Opportunity: Product Innovation and Development of New Applications

While stevia is mostly used as a tabletop sweetener or sugar substitute in beverages presently, increased focus on product innovation and development of new formulations can help build new application areas. Research is being conducted to evaluate stevia's potential usage in various other food categories like dairy products, bakery items, confectionery etc. Development of versatile stevia variants with customized taste profiles also provides opportunities. Combining stevia with other natural flavors, herbs or spices can lead to the creation of newer healthier food and beverage concepts. If successfully commercialized, these application extensions can significantly expand stevia's market reach worldwide.

Trend: Increasing Collaborations Between Stevia Producers and End-Use Industries

To ensure sustained growth, stevia producers are augmenting in-house R&D capabilities with collaborative initiatives. Partnerships with food and beverage giants provide opportunities to gain practical insights into formulation challenges and market requirements. Joint innovation platforms help address industry needs through customized stevia variants. Several leading stevia companies have tied up with major brands to explore co-development of new products. Simultaneously, industries also get early access to an expanded stevia portfolio and technical support. Such collaborative trends are helping accelerate the commercialization of novel stevia-based solutions. Wider-scale incorporation of stevia hinges on strengthened industry linkages, which bodes well for future market expansion.

💎 You Can Purchase Complete Report @ https://www.coherentmarketinsights.com/insight/buy-now/2082

Top Companies Featured in This Report:

★ Nestlé S.A.
★ The Coca-Cola Company
★ PepsiCo Inc.
★ Cargill Inc.
★ Evolva Holding S.A.
★ PureCircle Ltd.
★ Stevia Corp.
★ Ingredion Inc.
★ GLG Life Tech Corp.
★ Tate & Lyle Plc.

Market Segmentation:

By Product Type:

★ By Extract Type: Liquid Extract (Clear and Dark), Powder Extract (Stevia Blends, Glycoside (40-50%), and Glycoside (80-95%), and Leaf

By Applications:

★ By Application: Dairy Food Products (Ice Cream, Yogurt, and Flavored Milk), Bakery Products (Bread & Rolls, Biscuits, Cakes, and Others), Dietary Supplements, Beverages (Energy Drinks, Soft Drinks, Hot Drinks, Flavored Drinks, and Natural Sweetened Water), Packaged Food Products (Pickles, Jam, Sauce, Chilled, Nutritional Products, and Frozen Food), Confectionery Products, Snacks (Potato Chips, Processed Snacks, and Others), Table Top Sweeteners, and Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Insights from the Global Stevia Market Analysis:

Market Size Evaluation: Assessing the value and sales volume of the Stevia market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Stevia market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Stevia market.
Segment Analysis: Examining the market value and sales volume of Stevia by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Stevia market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Stevia sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

💎 Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/2082

Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )

Contact Us

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Australia: +61-2-4786-0457
India: +91-848-285-0837

About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.