Press release
Stevia Market Expected to Surpass $ 565 million by 2020
According to a new market report published by Persistence Market Research “Global Market Study on Stevia Market - Beverages will Remain the Dominant Application Segment through 2020”, the global stevia market was valued at US$ 347 million in 2014 and it will expand at a CAGR of over 8% to reach a valuation of US$ 565 million by 2020.
The global stevia market is fueled by an increase in consumer awareness about the advantages of consuming low-calorie sugars and government initiatives on reducing sugar intake among the population. Rising obesity levels, coupled with concern about the risk of developing cardiovascular disease and diabetes are prompting consumers to make more healthy choices, and this augured well for creating the demand for stevia in the market. It is anticipated that by 2020, stevia will account for 15% of the share of the global sweetener market.
Government advocacy for reduction of sugar intake is also anticipated to push the demand for stevia. Governments around the world are encouraging the cultivation of stevia, and this is projected to boost the prospects of the stevia market through 2020. According to PMR’s market research on global stevia market, recent favorable regulations about stevia in Europe and the U.S. will create growth opportunities for the market during the forecast period.
Demand for plant-based sweeteners is another factor that is anticipated to boost the global stevia market through 2020. Consumers are proactively looking for natural and clean label products, and this change in consumer behavior is anticipated to push the demand for stevia through 2020.
Another factor that is projected to provide an impetus to the global stevia market is aggressive marketing by stevia suppliers. Most of these suppliers are aware of the positive consumer sentiment about stevia and they are promoting their products to expand their user base. Stability in supply-chain is also projected to boost the global stevia market.
Positive consumer sentiment about stevia-based products is projected to be one of the most important factors for the growth of the stevia market through 2020. According to PMR’s social media sentiment analysis, a majority of social media users had a positive sentiment about stevia across different social media channels, including Facebook, Twitter, YouTube, and LinkedIn. PMR’s social media sentiment analysis revealed that stevia was most prominently discussed in North America. The analysis further revealed that Twitter was the most commonly used platform for discussions on stevia and stevia-based products. Stevia-based packaged foods had the highest mentions on social media, and a high percentage of these mentions were positive.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/3834
Application analysis on the stevia market revealed that the key applications of stevia market were beverages, packaged food products, table top sweeteners, dietary supplements, bakery products, and dairy food products. Among these application segments, beverages - which includes energy drinks, hot drinks, soft drinks, and others - is anticipated to register the maximum absolute value by 2020. Table top application segment is projected to witness a CAGR of over 8% through 2020 and maintain a healthy market share in the global stevia market.
Request to view table of content @ http://www.persistencemarketresearch.com/market-research/stevia-market/toc
Region-wise, North America and Asia-Pacific excluding Japan (APEJ) will remain the most lucrative markets for the global stevia market. The North American stevia market is anticipated to expand at a CAGR of 9.8% through 2020, whereas APEJ is also projected to expand at a high single-digit CAGR. In addition to these two regions, Latin America is forecasted to witness high growth rate through 2020.
Buy Now: You can now buy a single user license of the report @ http://www.persistencemarketresearch.com/checkout/3834
The final report customized as per your specific requirement will be sent to your e-mail id within 7-20 days, depending on the scope of the report.
For more information, please e-mail us at sales@persistencemarketresearch.com
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Stevia Market Expected to Surpass $ 565 million by 2020 here
News-ID: 481218 • Views: …
More Releases from Persistence Market Research
Bonded Magnets Market: From US$ US$2,655.0 million to US$3,913.7 million by 2032 …
The global bonded magnets market is experiencing steady growth, driven by increasing adoption of high-performance permanent magnets across industries such as automotive, consumer electronics, industrial machinery, and renewable energy. Bonded magnets are manufactured by combining magnetic powders with polymer or elastomeric binders, which allows the production of complex geometries, lightweight components, and cost-effective alternatives to traditional sintered magnets. These properties make bonded magnets particularly suitable for applications that require compact…
Australia Lime Market Set to Reach US$435.1 Billion by 2032 Driven by Constructi …
Market Overview
The Australia lime market is witnessing consistent growth, fueled by the country's robust mining, construction, and infrastructure sectors. According to the latest study by Persistence Market Research, the market is projected to be valued at US$339.7 billion in 2025 and is expected to reach US$435.1 billion by 2032, expanding at a CAGR of 3.6% during the forecast period (2025-2032). The demand surge is primarily driven by the extensive use…
Aluminium Foil Packaging Market Valued at US$34.3 Bn by 2032, Driven by Rising D …
The aluminium foil packaging market is witnessing robust growth, propelled by the increasing need for sustainable, lightweight, and flexible packaging solutions across diverse industries. According to the latest study by Persistence Market Research, the global aluminium foil packaging market size is projected to be valued at US$25.0 Bn in 2025 and is expected to reach US$34.3 Bn by 2032, expanding at a CAGR of 4.6% during the forecast period from…
Plastic Additives Market Size Valued at USD 51.3 Billion in 2025, Expected to Re …
The global plastic additives market is an essential component of the modern industrial ecosystem, influencing sectors such as packaging, automotive, construction, electronics, and consumer goods. Plastic additives are substances that are incorporated into polymers to enhance their properties and performance. These additives improve the flexibility, durability, thermal stability, and resistance of plastics, making them suitable for a wide range of applications. The market continues to evolve as technological innovations, sustainability…
More Releases for PMR
Starch Derivatives Market Outlook by 2021 : PMR
Starch derivatives, also known as modified starch, are prepared by enzymatically, physically or chemically treating native starch to alter its properties. Starch derivatives are used in a number of industries for various functions. They are used as thickeners and stabilizers in the food and beverage industry, as a tablet binder in the pharmaceutical industry, as an emulsifier in cosmetics, and fiber additive in the animal feed. Some of the other…
Yeast Ingredients Market Outlook by 2021 : PMR
Yeasts are chemoorganotrophs, as they use organic compounds to source energy and do not require sunlight for growth or survival. Yeasts are usually unicellular; although some species may be multi-cellular. The size of yeast depends on the species. Yeasts usually measure 3 to 4 µm in diameter. However, certain yeasts reach up to 40 µm in diameter. Yeasts reproduce asexually through mitosis (a process, in which, the chromosomes in a…
Confectionery Market Outlook by 2021 : PMR
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery . Sugar confectionery…
Cereal Bars Market Outlook by 2021 : PMR
A cereal bar is made up of nuts, oats, sugar, dry fruits, flour, honey, wheat, corn, and puffed rice. Cereal bars have always been perceived as on-the-go breakfast snack items that are healthier alternatives of chocolate and other snacks. Cereal bars are high in fiber and protein and low in carbohydrates, vitamins, minerals, sodium, and antioxidants. They come in various flavors such as chocolate, peanut butter, banana, caramel, banana, honey,…
Functional Flours Market Share by 2026 : PMR
The natural flours used for specialty applications in the food industry and undergoes different treatment process to improve their properties are called functional flours. The various properties of functional flours include cold binding capacity, thermal binding capacity, machinability, dough hydration etc. The functional flours are classified as waxy, multi-benefit, instant and granulated type depending on its features. They undergo different physical and nutritional treatment to enhance its features. In dietary…
Global Ceilings Market Snapshot by 2020 : PMR
Ceiling is overhead interior portion within the room which covers the upper portion of the room. Main purpose of ceiling is to achieve the desired height of the roof in the room. Ceilings are frequently decorated with attractive paintings, mosaic tiles and other different designs. Major advantage of decorated ceiling is that it gets protected from damage by fingers and dust. There are certain ceilings which are fire resistance; dropping…
