Stevia Market Value Projected to Expand 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 – 2023-2031

•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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