Stevia Industry Share, Capacity and Key Manufacturers Till 2024
“Global Stevia Market report includes in-depth analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment and future outlook.�
In 2015, the global market size for Stevia was estimated at USD 337.7 million. Rising popularity of stevia owing to its superior sweetening properties, and its ability to restrict any contrary effects on the fitness of the consumers is thrusting the industry growth over the next nine years. The food sector is expected to remain one of the most vital segments of this market owing to the increasing demand for low-calorie substitute products. The increase in consumer awareness concerning consumption of healthy nourishment will ultimately lead to the rise in the penetration of stevia in confectionary and bakery products. Promotion to use stevia in different forms such as powered and dried drives the positive perception of the food and beverage sector in countries such as Vietnam, Singapore, China, South Korea and Japan on account of growing acceptance of stevia-based compounds and new product launches. In addition, the rise in the awareness of consumers towards fitness routine has also caused various carbonated drink producers which consist of The Coca-Cola Company to announce the stevia based product in their product line of soft drinks, which also helped them to widen their consumer base. The approval from the EU Commission and the U.S. FDA which resulted in optimistic regulatory outlook is presumed to be a crucial factor fueling the growth of Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/stevia-market/request-sample