Stevia Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Stevia Market is estimated to be USD 449 million in 2016 and predicted to rise to USD 703 million by 2021 with a CAGR of 9.4%. The market is segmented by Extract Type (Whole Leaf, Powdered, Liquid), Application (Dairy, Bakery & Confectionery, Table top Sweeteners, Beverages, Convenience Foods), and Form (Dry, Liquid). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.[CI1]
The global Stevia market is majorly driven by the growth in awareness of 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 the consumers across the globe. Stevia creation being a complex method, procuring raw material to getting the final product is a major problem for companies in this market.
On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Middle East and Africa and Latin America. The Global Stevia Market was dominated by North America, with the largest market share globally. The Asia Pacific is predicted to show the highest CAGR during the forecasting period.
Some of the major companies dominating the market, by their products are Nestlé S.A., The Coca-Cola Company and PepsiCo Inc., Cargill Inc., Evolva Holding S.A., PureCircle Ltd., Stevia Corp., Ingredion Inc., GLG Life Tech Corp. and Tate & Lyle Plc.
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