Stevia Market Key Market Players, Trends & Forecast, 2028
Posted by Supriya Kokate on October 17th, 2021
The Global Stevia Market is forecasted to reach USD 1.14 Billion by 2028, according to a new report by Reports and Data. The demand for natural sweeteners is increasing as consumers are moving away from sugars in search of a healthy lifestyle and natural ingredients. Stevia has been established as a healthy alternative to sugar. Growth in sports nutrition and health drinks are also fuelling the growth of the market.
Development of new products, improvement in taste and high marketing and publicity has increased the demand for the product. Regulatory constraints is a threat to the stevia market. Availability of low-calorie sweeteners is also hindering the growth of the market. In the 1970s, Morita Kagaku Kogyo Co., Ltd., a Japanese company became the first company ever to start selling Stevia commercially. Biotechnology is also marketing stevia in various forms such as liquid and powder.
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Asia Pacific has the largest market growth rate. Increase in demand for food and beverage sectors in emerging nations such as South Korea, Japan, China, and Vietnam is fueling the growth of the market. Low cost of production and availability of skilled labor drives the growth of the market in the APAC region.
Key participants include Cargill, Ingredion Incorporated, Tate & Lyle PLC, Purecircle Limited, GLG Life Tech Corporation, Archer Daniels Midland Company, Sunwin Stevia International, Inc., S&W Seed Company, Pyure Brands LLC, Morita Kagakau Kogyo Co. Ltd., Zhucheng Haotian Pharm Co. Ltd, and Evolva Holding SA, among
For the purpose of this report, Reports and Data have segmented the global Stevia Market on the basis of Extract Type, Types, Applications, End Users, Distribution Channel, and Region:
Extract Types Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
Types Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
End Users Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
Further key findings from the report suggest
Questions Addressed In The Global Stevia Report:
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About the AuthorSupriya Kokate
Joined: January 23rd, 2019
Articles Posted: 581
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