Stevia Market is anticipated to grow at a considerable CAGR of 9.4% during the forecast period. 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.
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.
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Market Coverage
• The market number available for – 2023-2030
• Base year- 2023
• Forecast period- 2024-2031
Segment Covered-
• By Product form
• By Application
Regions Covered
• North America
• Europe
• Asia-Pacific
• 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.
Stevia Market Report by Segment
By Product Form
• Powder
• Liquid
• Leaf
By Application
• Bakery
• Dairy Food Products
• Beverages
• Dietary Supplements
• Confectionery
• Others (Convenience foods)
A full Report of Stevia Market is Available @ https://www.omrglobal.com/industry-reports/stevia-market
Stevia Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
Company Profiles
• Archer Daniels Midland Company
• Cargill Inc
• Evolva Holding SA
• GLG Life Tech Corporation
• Guilin Layn Natural Ingredients Corp
• Haihang Indsutry Co
• Hyet Sweet BV
• Ingredion Inc
• Koninklijke DSM NV
• Morita Kagakau Kogyo Co. Ltd.
• PepsiCo Inc.
• Purecircle Limited
• PureCircle Ltd
• Pyure Brands LLC
• S&W Seed Company
• Stevia Biotech Pvt Ltd
• Sunwin Stevia International, Inc.
• Tate & Lyle PLC
• Van Wankum Ingredients BV
• Zhucheng Haotian Pharm Co. Ltd
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