Stevia Market Size, Insights, Applications, Regional Outlook, Competitive Strategies, Analysis, Growth And Forecasts, 2020 -2027

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Stevia Market Size,

iCrowdNewswire   Jan 20, 2021  2:00 AM ET

Market Size – USD 595.8 million in 2019, Market Growth – CAGR of 9.6%, Market Trends- Growing consumers’ preferences towards plant-based sweeteners

Growing preferences among consumers for plant-based sugar substitutes are most likely to propel the growth of the market over the forecast period. The zero calories and zero glycemic index characteristics of stevia are expected to increase its adoption. Moreover, the wide popularity of clean-labeling has also boosted up the sales of stevia.

Growing government initiatives to promote the adoption of stevia-based sugar substitutes and reduce sugar intake is expected to increase the demand for stevia. The governments in US and Europe are also providing support to the cultivation of stevia by generating favorable regulations, which is most likely to propel the industry’s growth over the forecast period.

Covid19 impact

The pandemic has both a positive as well as a negative effect on the healthcare industry. It has disrupted the supply chain and raw material supplies in the Healthcare industry. The increasing number of people affected by the virus has also led to an increase in demand for medical supplies like disposable syringes and injections. The rising demand for Stevia is due to their reduced risk of needle-stick injuries. Besides, the growing requirement for the rapid production of vaccines has also resulted in the increasing demand for Stevia. In order to meet the growing demand for medical supplies, manufactures have increased their production capacity. The manufacturers are adopting safety regulations and preventive measures without hampering the manufacturing process.

The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the rising urbanization coupled with growing disposable income. Besides, the increasing investments by the beverage manufacturing companies to produce beverages with lower sugar content and low-calorific value are expected to drive the market’s growth over the forecast period.

Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA

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Key participants include Ingredion Incorporated, Cargill, Tate & Lyle PLC, Archer Daniels Midland Company, PureCircle Limited, Evolva Holding SA, GLG Life Tech Corporation, The Coca-Cola Company, PepsiCo Inc. and Sunwin Stevia International, Inc., among others. 

Product Form Outlook (Revenue, USD Billion; 2017-2027)

Leaf

Liquid

Powder

Application Outlook (Revenue, USD Billion; 2017-2027)

Beverages

Bakery & Confectionary

Dairy Food Products

Dietary Supplements

Others

Browse the full report description @ https://www.emergenresearch.com/industry-report/stevia-market

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Stevia Market Segmentation & Impact Analysis

    4.1. Stevia Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Technology advancements mainly in the area of noninvasive technology

                    4.2.2.2. Increasing prevalence of ophthalmic disorders across major analyzed regions

          4.2.3. Market restraints analysis

                    4.2.3.1. Dearth of skilled operators across the value chain

                    4.2.3.2. High procuring cost and even higher data requirement

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Stevia Market By Product Insights & Trends, Revenue (USD Million)

    5.1. Product Dynamics & Market Share, 2019 & 2027

          5.1.1. Imaging Systems

          5.1.2. Lasers

          5.1.3. Transducers

          5.1.4. Contrast Agents

          5.1.5. Software

Continue…

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Keywords:    Stevia Market, Stevia Market Size, Stevia Market Applications, Stevia Market Types, Stevia Market Share, Stevia Market Trends, Stevia Market Data

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