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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