Stevia Market Size, Share, Revenue, Worth, Statistics, Segmentation, Outlook, Overview to 2029
Stevia Market Overview:
Stevia's health benefits, rather than its sugar content, are expected to drive growth in the global stevia market. Growing consumer awareness of the low-calorie sweeteners available on the market in artificial form is expected to boost demand for natural sweeteners like stevia. The global stevia market is expected to be driven by factors such as the desire to change one's lifestyle, rising disposable incomes, government initiatives to reduce sugar consumption, and the need to combat health issues such as obesity and diabetes.
The United Nations Food and Agriculture Organization (FAO) and the World Health Organization (WHO) both agree that pure stevia extract is safe to consume at acceptable levels. The daily acceptable intake (ADI) has been set at 4 mg per kilogramme of body weight.
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COVID-19 Impact Analysis on Stevia Market:
COVID-19 has the potential to have three significant effects on the global economy: directly affecting production and demand, disrupting supply chains and markets, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation around the world, believe that the market will provide producers with profitable opportunities in the aftermath of the COVID-19 quandary.
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Stevia Market Segmentation:
Throughout the forecast period, the powder segment is anticipated to expand rapidly. Throughout the world, stevia in powder form is widely used. By weight, stevia powder is 250–350 times sweeter than sugar.
The global stevia market is predicted to grow rapidly in the beverages segment. The rising demand for low-calorie beverages—including flavoured water, juices, energy drinks, soft drinks, and sports drinks—is responsible for the market's expansion.
Stevia Market Key Players:
- Ingredion Incorporated
- Tate & Lyle PLC
- Purecircle Limited
- GLG Life Tech Corporation
- Archer Daniels Midland Company
- Sunwin Stevia International, Inc.
- S&W Seed Company
- Pyure Brands LLC
- Morita Kagakau Kogyo Co. Ltd.
- Zhucheng Haotian Pharm Co. Ltd
- Evolva Holding SA
- Jining Aoxing Stevia Products Co., Ltd.
- Sweet Green Fields LLC
- Purevia
- Bio sweet Ventures
- Stevia First Corporation
Stevia Market Regional Analysis:
Some of the key countries covered in the Stevia market report include North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, the Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, the Rest of APAC, South America, Brazil, and the Middle East and Africa. In addition, the report provides market size, growth rate, import and export, and country-level analysis, integrating the demand and supply forces of these countries' Stevia markets that are influencing market growth.
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