The Growing Beverages Sector will be Boosting the Growth Stevia Market.

The global stevia market is anticipated to grow at a considerable CAGR of 9.4% during the forecast period (2021-2027). The beverage industry in the US is flourishing, owing to a strong export and import sector, a big client base, and rising affordability. Soft drink sales represent one of the fastest-growing categories of the beverage market in the US. According to the Beverage Digest, carbonated soft drink sales accounted for $2.9 billion of the nation's $146 billion beverage market in 2019.  Coca-Cola Zero Sugar was declared the fastest growing soft drink in the survey, with an 11.5% increase in retail value and an 8% increase in volume.

Browse the full report description of “Global Stevia Market Size, Share & Trends Analysis Report by Product Form (Powder, Liquid, and Leaf), By Application (Bakery, Dairy Food Products, Beverages, Dietary Supplements, Confectionery, and Others) Forecast Period 2022-2028” at https://www.omrglobal.com/industry-reports/stevia-market

Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in November 2018, Cargill Inc announced a partnership with Royal DSM to produce highly sought-after sweet-tasting molecules such as steviol glycosides Reb M and Reb D through fermentation, providing food and beverage manufacturers with an even more scalable, sustainable, and low cost-in-use solution under the EverSweet brand. Further, in March 2019, Tate & Lyle announced its partnership with Sweet Green Fields (SGF) to introduce ZOLESSE, a glucosylated stevia extract labelled as a natural flavor. ZOLESSE, a new natural flavour is an effort to enable food and beverage companies produce great-tasting products that match rising customer demand for clean-label ingredients at a lower cost than alternatives.

Market Coverage

• The market number available for – 2021-2028

• Base year- 2021

• Forecast period- 2022-2028

• Segment Covered- 

o By Product form 

o By Application

• Regions Covered

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- GLG Life Tech Corp., Ingredion Inc, Tate & Lyle PLC, The Coca-Cola Co, PepsiCo Inc., Cargill Inc., Evolva Holding S.A. 

Key questions addressed by the report

• What is the market growth rate?

• Which segment and region dominate the market in the base year?

• Which segment and region will project the fastest growth in the market?

• How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

• Who is the leader in the market?

• How players are addressing challenges to sustain growth?

• Where is the investment opportunity?

Global Stevia Market Report by Segment

By Product Form

• Powder

• Liquid

• Leaf

By Application

• Bakery

• Dairy Food Products

• Beverages

• Dietary Supplements

• Confectionery

• Others (Convenience foods)

Global Stevia Market Report Segment by Region

North America

• United States

• Canada

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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