Published Date: 14-May-2020
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According to a new report Global Stevia Market, published by KBV research, The Global Stevia Market size is expected to reach $1.1 billion by 2026, rising at a market growth of 10.3% CAGR during the forecast period. Increased demand for natural sweeteners, particularly beverages, is expected to increase demand in the near future. Increased market penetration in the food industry due to its superior sweetening properties is expected to spur production.
The food & beverage segment recorded a dominant market share and is expected to see the highest growth in the forecast period due to the growing use of stevia in various carbonated drinks. Apart from this, the product also sees its use in a range of low-calorie and zero-calorie beverages, which appeal to rising demand from healthier customers.
The Powder market dominated the Global Stevia Market by Form in 2019. The Liquid market is experiencing a CAGR of 9.6% during (2020 - 2026). Additionally, The Others market is expected to witness highest CAGR of 13.9% during (2020 - 2026).
The Asia-Pacific region had the highest share in Stevia market worldwide. The Asia-Pacific area is projected to be the fastest-growing market with investments from a number of multinational manufacturers, especially in countries such as Japan, China, and India. The Europe market is witnessing a CAGR of 9.9% during (2020 - 2026). Additionally, The North America market would showcase a CAGR of 9.1% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/stevia-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Ingredion, Incorporated, Tate & Lyle PLC, The Coca Cola Company, PepsiCo, Inc., Archer Daniels Midland Company, S&W Seed Company, Morita Kagaku Kogyo Co., Ltd., Evolva Holdings SA, Sunwin Stevia International, Inc., Pyure Brands, LLC.
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