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Stevia Market Will Reach USD 1016.5 Million By 2028 With A CAGR of 7.8% - Valuates Reports

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Valuates Reports

30 Mar, 2022, 15:00 GMT

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BANGALORE, India, March 30, 2022 /PRNewswire/ -- Stevia Market is segmented by Type - Reb-A Series, STV Series, Glucosyl Stevia, Reb M, Reb D, Segment by Application - Health Care Products, Food, Beverage, Pharmaceutical Industry, Cosmetics, Others. Global Opportunity Analysis and Industry Forecast 2022 - 2028. It is published in Valuates Reports under the Agriculture & Forestry Category.

The global Stevia market size is estimated to be worth USD 647.7 million in 2022 and is forecast to be a readjusted size of USD 1016.5 million by 2028 with a CAGR of 7.8% during the review period.

Major Factors Driving The Growth Of The Stevia Market

The stevia industry is going to rise rapidly due to the increasing base of health-conscious consumers and preference for natural sugar beverages. Stevia is also used extensively in the pharmaceutical and cosmetics industry due to its antimicrobial, antihypertensive, antioxidant, and skin hydration properties.

Moreover, the continuous product innovations and use as natural sweeteners in dietary food supplements will boost the growth of the global stevia market.

Browse The Table Of Contents And List Of Figures At https://reports.valuates.com/market-reports/QYRE-Othe-2170/global-stevia

TRENDS INFLUENCING THE GROWTH OF THE STEVIA MARKET

Stevia acts as an excellent low-calorie natural sweetener. It has widespread applications in the food and beverage sector. The increasing prevalence of chronic diseases such as obesity, diabetes has prompted consumers to shift to healthy lifestyles. Hence manufacturers are using stevia as a natural substitute to artificial sugar in dietary supplements, beverages, pet foods, etc. These factors are expected to propel the growth of the stevia market in the coming years.

Stevia extracts have antimicrobial, antioxidant, antidiabetic, and antihypertensive effects. It can be used for treating depression, gastrointestinal tract issues, ulcers, and yeast infections. According to a study in the journal of medicinal food, stevia can also cure endocrine disorders. Raw stevia is used in contraceptive pills and for cholesterol suppression. This will surge the global stevia market.

The cosmetics industry uses stevia as a natural ingredient for making skin soft, supple, wrinkle-free. It contains an aqueous extract that prevents the growth of bacteria, removes irritation, and prevents acne growth.

Key players are coming out with various product innovations to meet the rising demands of consumers. Coffee brightener, sweetener products are being launched to meet the increasing consumption of stevia-based products. Moreover, covid 19 has surged the sales of dietary supplements which are low on calories, sugar and boost immunity. This in turn is expected to drive the growth of the stevia market during the forecast period.

Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Othe-2170/Global_Stevia_Market

STEVIA MARKET SHARE ANALYSIS

Based on application, the beverages segment will provide lucrative opportunities for growth due to increasing awareness levels regarding low sugar and natural sweetener-based beverages. However, the food segment will grow the fastest due to changes in food consumption patterns and a shift towards healthier food choices.

Based on region, North America is expected to dominate due to the increasing prevalence of chronic diseases and demand for low-calorie, sugar-free products. On the other hand, Asia-Pacific will witness the fastest growth due to rapid industrialization, a growing diabetic population, and the increasing popularity of natural food products.

Based on components, the Reb-A segment will dominate in the stevia market share due to ease of use, widespread availability, and low cost. The Reb M segment will grow the fastest due to sweetness, potency, lack of bitterness, and multiple applications in the food and beverages sector.

Inquire For Customization: https://reports.valuates.com/request/customisation/QYRE-Othe-2170/Global_Stevia_Market

Market By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Inquire For Regional Report: https://reports.valuates.com/request/regional/QYRE-Othe-2170/Global_Stevia_Market

Market By Company

  • Purecircle Limited
  • Qufu Xiangzhou Stevia
  • Layn
  • Zhucheng Haotian
  • Cargill (Evolva)
  • Sunwin Stevia International
  • GLG Life Tech
  • Tate & Lyle
  • Morita Kagakau Kogyo
  • Tianjin Jianfeng
  • Hunan NutraMax
  • HuZhou LiuYin Biological

Inquire For Chapter Cost: https://reports.valuates.com/request/chaptercost/QYRE-Othe-2170/Global_Stevia_Market

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SIMILAR REPORTS

-  In 2020, the global Stevia Extract market size was USD 483.4 million and it is expected to reach USD 738.1 million by the end of 2027, with a CAGR of 6.2% during 2021-2027.

-  The global Stevia Drinks market size is estimated to be worth USD 766.4 million in 2022 and is forecast to a readjusted size of USD 1048.9 million by 2028 with a CAGR of 5.4% during the review period.

-  In 2020, the global Natural Sweeteners market size was USD 21630 million and it is expected to reach USD 27940 million by the end of 2027, with a CAGR of 3.7% during 2021-2027.

-  The global Sugar Substitutes market size is projected to reach USD 16460 million by 2027, from USD 13380 million in 2020, at a Compound Annual Growth Rate (CAGR) of 2.6% during 2021-2027.

-  The global plant extract market is estimated to be worth USD 17790 million in 2022 and is projected to reach USD 31170 million by 2028 with a CAGR of 9.8% during the forecast period.

-  Global and China Stevia Sweetener Market Insights, Forecast to 2027

-  Global Food and Beverage Stevia Sales Market Report 2021

-  Global STV Stevia Market Insights and Forecast to 2028

-  Global Natural Stevia Market Insights and Forecast to 2028

-  Global Food and Beverage Stevia Market Insights and Forecast to 2028

-  Global Stevia Extract and Stevia Products Market Insights and Forecast to 2028

-  Global Stevia Sugar Blends Market Insights and Forecast to 2028

-  Global Reb-A Stevia Extract Market Insights, Forecast to 2028

-  Global Stevia Chocolate Market Insights, Forecast to 2028

-  Global Next Generation Stevia Market Insights, Forecast to 2028

-  Global and China Stevia Ingredients Market Insights, Forecast to 2027

-  Global Stevia Rebaudiana Oil Market Insights and Forecast to 2028

Click Here To See Related Reports on Stevia market

About Us:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

Contact Us:

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
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