Blog

You are currently viewing Global Stevia Industry Report: Analysis and Forecast 2022-2027

Global Stevia Industry Report: Analysis and Forecast 2022-2027

Global Stevia Industry Report: Analysis and Forecast 2022-2027

Regional Category Spend, Primary Demand, Price Analysis and Indicators, and Best Buying Practices of the Stevia Industry Report

The global Stevia industry was valued to be worth USD 750 billion in 2021. In the projection period of 2022-2027, the industry is expected to achieve a value of around USD 1 billion by 2027.

The Stevia industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. Stevia is a healthier replacement for sugar and is increasingly used by consumers. It is added to a variety of food, like dairy, bakery, and confectionery, which drives the industry’s demand. The Asia Pacific is the biggest category spender by region which is impelling the demand for the Stevia industry.

Stevia: Industry Definition and Segmentation

Scope

Stevia is a sugar substitute and natural sweetener derived from the leaves of the Stevia rebaudiana plant. It’s 100-300 times sweeter than table sugar and has no carbs, calories, or artificial additives. Because the glycosides in stevia are not metabolised by the human body, it has no calories as a non-nutritive sweetener. Stevia is used as a sugar substitute in sugar- and calorie-reduced food and beverage products. A pinch of its stevia powder equals one teaspoon of table sugar.

Get a Free Sample Report with Table of Contents: – https://www.procurementresource.com/reports/stevia-industry-report/request-sample

The Stevia industry report comprises segments by:

  • Product Type: powder, liquid, and leaf form
  • Geography: North America, Europe, Asia Pacific, the Middle East and Africa, and South America
  • Application: bakery, dairy food products, beverages, confectioneries, dietary supplements, and others

Snapshot of the Report

The regional market for the sugar industry can be divided the into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Read Full Report with Table of Contents: – https://www.procurementresource.com/reports/stevia-industry-report

Category Drivers

  • The growing use of stevia as a key ingredient in dairy beverages and the sports nutrition sector is driving the industry’s expansion.
  • Sugar is being substituted by natural sweeteners like stevia to lower the rate of obesity and other health issues in the younger generation, resulting in increased sales.
  • Other products, such as snacks, cereals, bakery, supplements, oral care, and confectionery, are increasing in market demand.

Category Insight by Region

  • Because of the widespread usage of stevia in various goods, the food and beverage category is the market leader. Consumers’ increased health consciousness about the different benefits of replacing/substituting sugar from their diet is boosting market demand.
  • The increasing prevalence of health concerns such as cardiovascular disease, stroke, and obesity, among others, is creating a shift toward better sugar alternatives, propelling the sector.
  • The widespread use of the ingredient inedible food and beverage goods is expanding the market. The increased customer preference for products with clean labels and natural ingredients is propelling the market forward.

Best Procurement Practices

The Procurement Resource’s global stevia industry report gives an extensive analysis of the best buying practices followed by stevia supplying and consuming regions around the world, including engagement models, buyer, and supplier negotiation levers, and contract terms among others.

Category Management Analyses

The prominent companies in the market of stevia are Sweet Green Fields, Tate & Lyle PLC, Archer Daniels Midland Company, Cargill Incorporated, and Glg Life Tech Group.

The industry report contains mergers and acquisitions, plant shutdowns, investments/divestments, capacity additions, and other latest developments in the market.

Also Check Other Industry Reports

We Provide Lots of Industries Reports With Full Analysis, For That You Should Visit Our Procurement Resource Website, Apart From This, We Also Provide the Latest Price Trends of Various Products Including DAP Price, Sunflower Seed Price and Chloroform Price.

About Us:

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Chris Smiths
Email: sales@procurementresource.com
Toll Free Number: USA & Canada: +1-415-325-5166 | Europe & Africa: +44-702-402-5790 | APAC: +91-8586081494
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Blog – https://procurementresource.blogspot.com/
Website: https://www.procurementresource.com/

Tags: , ,

Procurement Resource

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts.