This revised analysis on the stevia market by analysts at Persistence Market Research predicts the market to progress at a healthy CAGR of 7.2% over the next ten years. The global stevia industry is anticipated to increase by US$ 312 Mn by 2031 from its net worth of US$ 309.8 Mn at present.
Growing incidence of diabetes has led to a substantial increase of sweeteners that are diabetes-friendly, and stevia has been the leading alternative and amassed popularity over the past decade. This stevia research report places the current market worth at nearly US$ 309.8 Mn, which is anticipated to expand 2X in value by the end of 2031.
Analysts at Persistence Market Research have predicted the industry to progress at a robust CAGR of 7.2% over the next ten years. The stevia market in North America is estimated to be worth approximately US$ 78 Mn in 2021.
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FACTS AT A GLANCE
Companies:The Coca-Cola Company, PepsiCo Inc., Cargill, Inc., PureCircle Ltd., Cargill, Inc., Evolva Holding S.A., Ingredion Inc., and Tate & Lyle Plc. Biotechnology firms
Coverage: All major geographies and key segments
Segments: On the basis of application, the global stevia market is segment into packaged food products, beverages, dietary supplements, table top sweeteners, dairy food products, and bakery products. In addition, the beverages segment including hot drinks, energy drinks and soft drinks is expected to witness the highest growth over 2031.
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
Persistence Market Research provides key insights on the global stevia market for the forecast period (2021-2031). The primary objective of the report is to provide in-depth analysis and future market estimations, including growth drivers, restraints, opportunities, trends, key segments, status of the regional markets and key market players operating in the global stevia market.
Along with the provision of quality insights, quantification of data has been considered through discussions with, industry experts, marketing managers and market experts. To understand and assess opportunities in the global market, the report is categorically split into two sections in terms of market value (US$ Mn), namely market analysis by application and by region.
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The report further provides comprehensive data on global market estimations, competitive landscape and forecast values. The aforementioned segments have been analyzed in terms of Basis Point (BPS) to understand each segment’s relative contribution to the overall market growth.
The geographical analysis studies the market on the basis of the regional opportunities and estimates the market value for each region during the forecast period. The report also considers a year-on-year growth based on regional market analysis, in order to identify right opportunities in each of the regions and to understand predictability of the market.
The last part of the report provides an exhaustive analysis on the global competitive landscape including leading market participants and a dashboard view. Market strategies of prominent players and their key developments are also included in the report.
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