Food & Beverage Stevia Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

Stevia is basically a sweetener as well as substitute of sugar which is extract from the leaves of stevia plant. It holds an important place under sweetener segment due to its varied advantages such as significant protein ingredient and low calorie. The increasing awareness about health advantages related to stevia has led to extensive utilization of stevia in food and beverages sector. The most active and major compounds available in stevia are known as rebaudioside A and stevioside which are highly responsible for its sweetness. Stevia has been utilized in various countries of Latin America such as Brazil and others. It is a 100% natural and zero-calorie sweetener which is 200 times sweeter than sugar and is utilized for health related problems. Apart from this, it is highly suitable for diabetic patients as well due to its low glycemix index as it does not impact the blood sugar levels. Rising disposable income and changing lifestyle in developing countries as well as maintaining a proper health is anticipated to expand the growth of global food and beverage stevia market till 2029. Change in lifestyle along with increased consumption of low calorie food is expected to drive the growth of global food & beverage stevia market over the forecast period. Besides this, rising obese and diabetic patients over the world is expected to bolster the growth of global food & beverage stevia market growth between 2021 and 2029. Apart from this, changing government regulations and emphasis for promotion of stevia by government all across the globe is expected to further impel the growth of food and beverage stevia market till 2029.

Food & beverage stevia market has been estimated to be valued at US$ 204.4 Mn by the end of 2021 and is expected to attain revenue of US$ 393.9 Mn by 2029, expanding at a CAGR of 8.1% during the forecast period 2021-2029.

Purpose of the Report

The purpose of this strategic research study titled “Global Food & Beverage Stevia Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2021 - 2029” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global food & beverage stevia market.

Target Audience

• Industry Investors
• Research Professionals
• Emerging Companies
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Research Institutes

USP and Key Offerings

The report titled “Global Food & Beverage Stevia Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2021 - 2029” offers strategic insights into the global food & beverage stevia market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on extract type and cross-sectional study across different geographies. In order to help strategic decision-makers, the report also includes competitive profiling of the leading food & beverage stevia vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

• Current and future market trends to justify the forthcoming attractive markets within food & beverage stevia industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 3-Year market size data (2019 - 2020)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global food & beverage stevia market, of growth, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above mentioned factors.

On the basis of extract type, the food & beverage stevia market is categorized into following types:

• Liquid Extract
• Powder Extract
• Leaf Extract

Rising consumer demand towards low calorie foods as well as prevalence of cardiovascular diseases, obesity and diabetes is likely to strengthen the growth of food & beverage stevia market growth during the forecast period. Besides this, the innovation and new product development, enhanced taste and versatility along with significant levels of marketing assistance is anticipated to prosper the growth of food and beverage stevia market growth till 2029. By extract type, the food and beverage stevia market growth is segmented by liquid extract, leaf extract and powder extract. In 2021, powder extract segment is estimated to contribute highest share in the total revenue of global food and beverage stevia market. Increasing demand for low-calorie drinks and beverages such as flavored water, juices, energy drinks and sports drinks is anticipated to drive companies to manufacture stevia products, thus intensifying the growth of the market as well as increasing the tough competition in the market with manufacturers competing on the parameters of price, product differentiation, distribution, quality and promotion.

On the basis of geography, the global food & beverage stevia market is segmented into following categories

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Russia
• Asia Pacific
• China
• India
• South Korea
• Middle East & Africa
• Central & South America
• Brazil

It has been noticed that consumers are becoming more apprehensive towards their health. This has fostered the companies to look upon the development of low calorie sugar based products to other alternatives to sugar. Thus, rising inclination towards naturally manufactured products and changing mindset of consumer towards consumption of low calorie products is expected to propel the growth of food and beverage stevia market till 2029. The global food and beverage stevia market is segment on the basis of geography. Asia Pacific contributed the highest revenue share in total food and beverage stevia market with a contribution which is estimated to be more than 40% by end of 2021. Followed by it, North America stood at second position in the same year. Higher health consciousness and awareness along with high spending population in these developed regions is anticipated to contribute for double digit growth rate of these regions during the forecast period. Rising government interest in order to promote stevia and rising trend of people towards spending on stevia products is anticipated to intensify the growth of food and beverage stevia market in Asia Pacific region till 2029.


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