The stevia market will register a CAGR of almost 8% by 2022
The growing demand for flavored and organic stevia is identified as one of the key trends that will gain traction in the market for the next four years. Many vendors such as SweetLeaf Stevia and Nirvana Health Products are offering liquid stevia in different flavors such as coconut, chocolate, vanilla, peach, banana, butterscotch, mint, mango, strawberry, caramel, and others.
Health benefits and environmental advantagesConsumers suffering from diabetes or those on carbohydrate-controlled diet, are considering the consumption of stevia as an ideal replacement for normal sugar. With the rising number of diabetic patients and health awareness, the demand for stevia is also increasing.
Increasing demand for monk fruit zero-calorie sweetener
Since monk fruit zero calorie-sweetener does not have a bitter aftertaste, many manufacturers of food and beverage are using these sweeteners over stevia. The rising use of this sweetener is a challenge for the market.
The market appears to be fragmented and with the presence of several companies including Cargill and PureCircle, the competitive environment is quite intense. Factors such as the rising awareness regarding the health and environmental benefits of stevia and the growing preference for flavored and organic stevia, will provide considerable growth opportunities to stevia manufactures. Cargill, GLG LIFE TECH, MacAndrews & Forbes, PureCircle, Tate & Lyle, and Wisdom Natural Brands are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market segmentation analysis
PART 05: MARKET SIZING
Global stevia market
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 07: MARKET SEGMENTATION BY APPLICATION
Segmentation by application
Comparison by application
Global stevia market in beverage sector
Global stevia market in food sector
Global stevia market in pharmaceuticals and other applications (PAOA)