Stevia Market to see Huge Growth by 2031

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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Article source: https://article-realm.com/article/Food-Beverage/59144-Stevia-Market-to-see-Huge-Growth-by-2031.html