Global Stevia (Beverages, Food, Pharmaceutical, Tabletop Sweeteners) Market Size, Share & Trends Analysis Report 2018-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 6, 2018--The “Stevia Market Size, Share & Trends Analysis Report By Application (Beverages, Food, Pharmaceutical, Tabletop Sweeteners), By Region (North America, APAC, Europe, MEA, Latin America), And Segment Forecasts, 2018 - 2024” report has been added to ResearchAndMarkets.com’s offering.
The global stevia market size is expected to reach USD 553.7 million by 2024, progressing at a CAGR of 6.1% during the forecast period.
Soaring demand for low-calorie sweeteners is expected to be a major factor propelling market growth. Considering the market is still at a nascent stage, the market is yet to realize its full potential.
Stevia contains rebaudioside-A and stevioside, which are responsible for imparting high degree of sweetness without any side effects on health. This is the major reason for the growing demand for stevia over the past few years.
Stevia acts as a natural sugar substitute. The production process starts with a herbal plant called stevia rebaudiana, which is a member of the Chrysanthemum family and grows naturally in the forests of Brazil and Paraguay. The components of stevia leaves responsible for the plant’s sweetness are glycosides.
Beverages form the largest application segment and in 2015, accounted for 34.7% of the total volume. This can be attributed to increasing market penetration of stevia in various soft drinks, juices, teas, and nectar. Companies such as PepsiCo, Inc. and The Coca-Cola Company have incorporated the product in their diet soft drinks and are marketed as drinks with no side effects on consumer health. Biotechnology companies are marketing the product in various forms such as liquids and powders. It is expected to replace sucrose in various food products including confectionery jellies, traditional cakes, biscuits, and other baked products.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Summary
Chapter 4. Market Variables, Trends & Scope
Chapter 5. Stevia Market: Application Estimates & Trend Analysis
Chapter 6. Stevia Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Chapter 8 Company ProfilesEvolva Holding S.A. Cargill, Inc. Stevia Corporation PureCircle Ltd. Ingredion Inc. Tate & Lyle Plc The Coca-Cola Company GLG Life Tech Corp. PepsiCo Inc. Stevia First Corporation
For more information about this report visit https://www.researchandmarkets.com/research/9pjj9w/global_stevia?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181106005444/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Sugar and Sweeteners
INDUSTRY KEYWORD: NATURAL RESOURCES OTHER NATURAL RESOURCES RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/06/2018 06:35 AM/DISC: 11/06/2018 06:35 AM