DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "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" report to their offering.
The stevia market is estimated at USD 490.1 million in 2017 and is projected to grow at a CAGR of 9.5% to reach USD 771.5 million by 2022
The market is driven by factors such as rise in per capita consumption of zero calorie beverages and development of innovative stevia products that are cost-effective as well as beneficial for heath. The high growth potential in emerging markets and untapped regions provide new growth opportunities for market players. Due to its zero glycemic index and zero calories, stevia has gained popularity in many countries.
FDA approval and attributing GRAS status to steviol glycosides with reduced Reb A acted as a positive influencing factor for the stevia market. In the last five years, leading food safety and regulatory agencies across the world have issued positive safety opinions on and/or allowed the safe use of purified stevia leaf extracts in food & beverages. One of the major restraining factors of the stevia market is the volatility of stevia leaf prices, which depend on seasonal fluctuations and crop yield. Many countries offer a wide range of stevia varieties, which also vary widely in stevia wholesale and retail prices leaving the prices for stevia in different regions unstable.
Increase in demand for convenience foods, low calorie beverages, and tabletop sweeteners, coupled with the constantly changing lifestyles has increased the demand for stevia in India and other developing Asian economies. With a rise in disposable income levels and inclination toward western eating habits, several users are willing to spend on new innovative stevia-based products and incorporate sugar substitutes such as stevia in their diets.
Leading players such as Cargill (U.S.), Ingredion Inc. (U.S.), Tate & Lyle PLC (U.K.), PureCircle Ltd. (Malaysia), and GLG Life Tech Corporation (Canada) have been profiled in the report.
The other players include Jining Aoxing Stevia Products Co., Ltd. (China), Archer Daniels Midland Company (U.S.), Sunwin Stevia Internaional Inc. (China), S&W Seed Company (U.S.), and Stevia First Corporation (U.S.).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Stevia Market, By Extract Type
6 Stevia Market, By Application
7 Stevia Market, By Form
8 Stevia Market, By Region
9 Competitive Landscape
10 Company Profiles
- Archer Daniels Midland Company
- Biosweet Ventures
- Evolva Basel
- GLG Life Tech Corporation
- Ingredion Incorporated
- Jhanil Healthcare Pvt. Ltd.
- Jining Aoxing Stevia Products Co.
- Morita Kagaku Kogyo Co.
- Purecircle Ltd
- Pyure Brands LLC
- Real Stevia Company
- S&W Seed Company
- Stevia Biotech Pvt. Ltd.
- Stevia Corp
- Stevia First Corporation
- Steviaone SA
- Sunwin Stevia Internaional Inc.
- Sweet Green Fields LLC
- Tate & Lyle PLC
- Van Wankum Ingrediens
- Zhucheng Haotian Pharmaceutical Co.
For more information about this report visit http://www.researchandmarkets.com/research/btdm72/stevia_market_by