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Latin America Stevia Market By Extract Type (Whole Leaf, Powdered, Liquid), By Application (Dairy, Bakery & Confectionery, Table Top Sweeteners, Beverages, Convenience Foods), By Form (Dry, Liquid), And By Region - Latin America Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027

Published: March, 2023
ID: 7954
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Stevia Market Size, Share, Growth (2022-2027)

Latin America Stevia Market was worth USD 52.95 million in 2021 and is estimated to be growing at a CAGR of 8.6%, to reach USD 78 million by 2027

Overview:

The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the nutrition industry. Stevia has an important place in the sweeteners segment due to its advantages like low-calorie and high protein. Stevia has its special flavor and sweetness which is about 200 to 350 times more than normal sugar. Several food & beverage companies use stevia to enhance the taste of products without adding calories. Thus, stevia will be seen as a business opportunity in the coming five years. Also, many multinational companies have started venturing into the production of various types of stevia.

Latin America Stevia Market Drivers:

The Latin America Stevia market is majorly driven by the growth in awareness of the health benefits of stevia and providing profitable margins to distributors. Also, rising product visibility in retail, as well as product availability, is expected to improve the demand for stevia-based products amongst consumers across the globe. Stevia creation being a complex method, procuring raw materials to get the final product is a major problem for companies in this market.

Latin America Stevia Market Segmentation :

based on Extract Type

  • Whole Leaf

  • Powdered

  • Liquid

Based on Application

  • Dairy

  • Bakery & Confectionery

  • Table top Sweeteners

  • Beverages

  • Convenience Foods

Based on Form,

  • Dry

  • Liquid

Latin America Stevia Market Regional Analysis:

  • Brazil

  • Mexico

  • Argentina

Key Players:

  1. Nestlé S.A.

  2. The Coca-Cola Company

  3. PepsiCo Inc.

  4. Cargill Inc.

  5. Evolva Holding S.A.

  6. PureCircle Ltd.

  7. Stevia Corp.

  8. Ingredion Inc.

  9. GLG Life Tech Corp

  10. Tate & Lyle Plc

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