In the world economic growth, the Stevia industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Stevia market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Stevia market size will be further expanded, we expect that by 2024, The market size of the Stevia will reach XXX million $.
Overview
Stevia is a powerful natural sweetener that has recently begun to gain popularity as a weight-loss supplement. It is available in different forms such as Stevia capsules, liquid Stevia, and Stevia oils which can be used directly on the body. It is also believed to have many other health benefits such as reducing sugar cravings, lowering cholesterol and blood pressure, boosting energy, and lowering bad tastes. Stevia is currently the only sweetener that is approved by the U.S. FDA (Food & Drug Administration) which offers consumers a legal alternative to popular artificial sweeteners such as Splenda and Equal. The global stevia market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global stevia market is expected to witness significant during the forecast period, owing to rising consumer demand for natural sugar substitutes.
Market Drivers
Rising incidence of diabetes cases is expected to drive growth of the global stevia market during the forecast period. According to the World Health Organization (WHO), the number of people with diabetes has increased from 108 million in 1980 to 422 million in 2014. According to the same source, in 2016, around 1.6 million deaths were directly caused due to diabetes. Such a high incidence of diabetes has led to increasing demand for sugar substitutes such as stevia since it is low in calories yet offers a sweet taste. Hence, these factors are expected to drive growth of the global stevia market during the forecast period. Furthermore, rising consumer demand for natural sugar substitutes market growth over the forecast period.
Market Restraints
Frequent fluctuation in stevia leaf prices is expected to restrain growth of the global stevia market during the forecast period.
Regional Insights
Among regions, Asia Pacific is expected to witness significant growth in the global stevia market during the forecast period. This is owing to growing trend of products with lower sugar and calorie content. Furthermore, North America is expected to register a lucrative growth rate, owing to high consumption of stevia as a sweetener across the U.S.
Competitive Section
Major companies involved in the global stevia market are PureCircle, GLG Life Tech Corp, Biolotus Technology, Cargill-Layn, Sunwin Stevia, Morita Kagaku Kogyo, Wagott Pharmaceutical, and Wisdom Natural Brands.
For instance, in May 2021, Amyris entered into an agreement with Ingredion Inc. for the exclusive licensing of Amyris’ fermented Reb M Sweetener.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
PureCircle
GLG Life Tech Corp
Julong High-tech
Biolotus Technology
Haotian Pharm
Cargill-Layn
Haigen Stevia
Sunwin Stevia
Shangdong Huaxian Stevia
Merisant
Jining Aoxing Stevia Products
Tate & Lyle
Shandong Shengxiangyuan
Daepyung, GL Stevia
Morita Kagaku Kogyo
Ingredion
Stevia Sweetener
Wagott Pharmaceutical
Wisdom Natural Brands
Stevia Natura
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Reb-A Series
STV Series
Glucosyl Stevia
Industry Segmentation
Food
Beverage
Pharmaceutical
Daily Chemical
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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