A recent market intelligence report that is published by Data Insights Partner on the global stevia Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international stevia Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global stevia Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global stevia Market `is offered. In accordance with the report, the global stevia Market is projected to expand at a CAGR of 9.5% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Stevia is a herb and consists of of better medicinal properties than other herbs. This herb can be used as a natural sweetener. Owing to the harmful effects of artificial sweeteners, health conscious human population is increasingly shifting towards the adoption of natural sweetener which motivates the growth of the stevia market. It is capable of controlling blood pressure and managing weight gain, this makes the item immensely popular and thriving the market. The rational behavior of consumers to consume healthy foods and limit the intake of lesser healthy food is driving the growth of this market. The surging diabetic patients and overweight people are searching for low-calorie food without compromising the taste. This is driving force behind the stevia market. Owing to its medicinal properties it is also used in the pharmaceutical industry. Its usage is extended for flavoring foods because of its unique taste and natural composition. Being a tabletop sweetener, it is used in processed foods and beverages. Also, the increasing availability of stevia is fueling the growth of this market. The innovation of stevia-based products is empowering the growth of the stevia market.
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The complexity involved in the production of stevia is a severe threat to the growth of this market. Also, the procedure of producing stevia is not that easy. The process of formulating stevia using the colex process is restraining the growth of this market. The prerequisite of high skilled labour for the production of stevia is disrupting this market’s movement ahead. However, stevia as a sweetener lags behind artificial sweetener because the latter had already dominated the market and is more popular and accepted than the former. This are some of the potential blockage for the growth of the stevia market. Availability of stevia leaf is determined by crop yield and climatic conditions. This leads to the fluctuations in price of stevia and severely hinders the growth of this market.
The increasing health consious population is likely to be stepping-stone for the breakthrough of this market. Healthy consumers choice to consume foods that have ill effects on health like weight gain, diabetes and others is like an impetus to the growth of this market. The growing tendency of people to adopt fast food culture and the increased dependence on processed food, ready-to-eat food, beverages and food outlets is expanding the usage of stevia as a sweetener and flavor adding agent. This is a great opportunity for the development of this market. Also, research and development activities for the innovation of new varieties of stevia, and newer ways to apply it on various other foods and ability to provide better taste is a golden opportunity for the development of stevia market. Moreover, sugar taxes on added sugar is paving way to the market penetration on stevia. For increasing market share many companies are merging with one another and this is an untapped opportunity. For example, the innovation of RebM due to the collaboration of ADM and GLG LIFE TECH CORP resulted in the expansion of portfolio of the product.
This market intelligence report on the global stevia market encompasses market segments based on product form, extract type, application, and country/regions.
By product form, the global Stevia Market is segregated into,
By extract type, the global Stevia Market is segmented into,
- Whole Leaf
By Application, the global Stevia Market is also classified into,
- Convenience Foods
- Tabletop Sweetener
- Bakery and Confectionery
- Other Applications
By country/region, the global Stevia Market has been divided into,
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
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Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Tate and Lyle PLC
- Sunwin Stevia International
- S&W Seed Co
- Pyure Brands LLC
- Cargill Incorporated
- Ingredion Incorporated
- GLG LIFE TECH CORP
- Morita Kagaku Kogyo Co Ltd
- Koninklijke DSM NV
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Stevia Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of the Stevia Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Stevia Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as ADM, GLG LIFE TECH CORP, Tate and lyle PLC, Ingredion, Cargill, Pyure Brands and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Stevia caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Stevia Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
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v Identification of key factors driving investment opportunities in the Stevia Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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