PUNE, India, May 24, 2017 /PRNewswire/ --
The report "Stevia Market by Extract Type
(Whole Leaf, Powdered, Liquid), Application (Dairy, Bakery &
Confectionery, Tabletop Sweeteners, Beverages, Convenience Foods),
Form (Dry, Liquid), and Region - Global Forecasts to 2022",
published by MarketsandMarkets™, the Stevia Market is projected to
grow at a CAGR of 9.5% from 2017 to reach a projected value of
USD 771.5 Million by 2022.
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Browse 62 market data tables and 59 figures spread through
141 pages and in-depth TOC on "Stevia Market - Global
Forecasts to 2022"
http://www.marketsandmarkets.com/Market-Reports/stevia-market-167065378.html
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report.
Stevia has its own unique taste profile and sweetness intensity
which is approximately 200 to 350 times greater than regular sugar.
Many food & beverage companies use stevia to create products
with enhanced taste and fewer total calories. With heavy investment
in R&D, new applications such as zero-calorie products and
flavor enhancers are emerging rapidly. Stevia offers several
advantages such as sugar preplacement, reduction in calories,
sweetness, texture, color, and flavor enhancement. Hence, stevia
will be viewed as a business opportunity in the next five years. As
a result, many multinational players have entered into the
production of varied types of stevia.
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Powdered extracts segment is projected to be the
fastest-growing in the Stevia Market
Among the extract types of stevia which include whole leaf,
powdered, and liquid the powdered extracts segment is expected to
grow at the highest CAGR with increasing applications in the
convenience foods and beverage industries. Stevia powdered extracts
vary in terms of taste, sweetness, and cost of various white stevia
powders; these parameters are more likely to be dependent on the
degree of refinement and the quality of the stevia plant used. It
is also a cost-effective option which further satisfies the growing
demand for sugar replacement products from consumers as well.
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Beverages: The most popular application for stevia globally
in 2016
The beverages segment accounted for the largest share in the
Stevia Market in terms of both, value as well as volume in
2016. Stevia is the most preferred option for beverage
manufacturers as the bulking properties provided by sugar are not
required. Stevia is one of the most common natural sweeteners used
for zero- or low-calorie beverages. It is mostly used in beverages
such as diet carbonated drinks, flavored water, soft drinks, fruit
juices, ready-to-drink beverages, and sports & energy
drinks.
Increase in consumption of convenience foods in developing
countries to boost the Stevia Market
Developing economies in the Asia-Pacific region are prospering in terms of
increasing GDP with the working population on the rise. With the
rise in population and improved purchasing power of developing
countries such as China and
India, the market for stevia is
expected to show double-digit growth in the future. Factors such as
changes in eating habits of consumers, increase in urbanization,
and rise in the consumption patterns of stevia products have driven
growth in the market in the Asia-Pacific region.
This report includes a study of marketing and development
strategies, along with the product portfolios of leading companies.
It includes the profiles of leading companies such as Cargill
(U.S.), Ingredion Inc. (U.S.), Tate & Lyle PLC (U.K.),
PureCircle Ltd. (Malaysia), and
GLG Life Tech Corporation (Canada).
The report covers the stevia whole leaf, powdered, and liquid
extracts segments in terms of value and volume. In terms of
insights, this research report has focused on various levels of
analysis industry analysis, market share analysis of top players,
and company profiles, which together comprise and discuss the basic
views on the competitive landscape, emerging & high-growth
segments of the global Stevia Market, high-growth regions,
countries, and their respective regulatory policies, government
initiatives, drivers, restraints, and opportunities.
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