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Stevia Market Players Flourish With Product Innovations According to Trade Research Firm’s Global Stevia Market Report 2021

This report describes and assesses the global stevia market. It covers three five-year periods including 2015 to 2020 which is called historical period, 2020-2025 forecast period and 2025-2030 another forecast period.

LONDON, 16 Dec. 2021 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the stevia market, the development of innovative product variants of stevia is a key trend that is gaining popularity in the stevia market. Leading companies in the market are turning to product innovations to strengthen their market position and expand their product portfolios. A successful invention fosters further development, allowing the company to grow and prosper while ensuring that it meets the needs of its customers. For example, in February 2020, Socati, an Italian company that processes and manufactures pharmaceuticals, announced the release of its CBD Coffee Brightener and CBD Coffee Sweetener, which uses stevia and monk fruit as sweeteners. The coffee sweetener is a fast dissolving powder sachet flavored with Madagascar vanilla and brown sugar.

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In April 2020, Ingredion, an American food company offering stevia, acquired PureCircle for an undisclosed amount. PureCircle is a US-based company that produces stevia-based sweeteners for the food and beverage industry. Through this acquisition, PureCircle is expected to benefit from Ingredion’s global distribution network, as well as its formulation capability and diverse product portfolio, which will result in significant growth benefits and cost savings for both. businesses.

The major players in the stevia industry are GLG Life Tech Corp., Ingredion Incorporated, Tate & Lyle PLC, The Coca-Cola Company, PepsiCo Inc., Cargill Inc., Evolva Holding SA, Stevia Corp., ADM, PureCircle Ltd., Sweet Green Fields LLC, Biosweet Ventures, Shandong Aojing Biotechnology Co. Ltd., Sunrise Nutrachem Group Co.Ltd and Hunan Nutramax Inc.

The Business Research Companythe report entitled Global Stevia Market Report 2021 – By Product (Powder, Liquid, Leaf), By Nature (Organic, Conventional), By Application (Bakery, Dairy, Beverages, Dietary Supplements, Confectionery), COVID-19 Growth and Change Covers top Stevia companies, Stevia market share by company, Stevia manufacturers, Stevia market size and Stevia market forecast. The report also covers the global stevia market and its segments.

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The stevia market consists of the sale of stevia products by entities (organizations, individual traders and partnerships) which are used as a natural sweetener for foods and beverages. Stevia is a non-nutritive or calorie-free sugar substitute made from steviol glycosides from the leaves of the stevia plant. It contains no artificial ingredients and can be used as a natural alternative to sugar to reduce calorie consumption.

The size of the global stevia market is expected to grow from $604.50 million in 2020 to $675.22 million in 2021 at a compound annual growth rate (CAGR) of 11.7%. The growth of the stevia market is mainly due to companies resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and business closures. activities that have resulted in operational difficulties. The stevia market is expected to reach $996.96 million in 2025 at 10.2% CAGR.

Asia Pacific was the greater region on the stevia market in 2020. Asia Pacific should be the fastest growing region in the forecast period. Regions covered in the Stevia market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and South America. ‘Africa.

The main types of stevia products are powder, liquid, and leaves. Powdered stevia is used in place of table sugar in foods and beverages, which equals about one teaspoon of table sugar. Stevia is available in organic and conventional forms and is used in bakeries, dairy products, beverages, dietary supplements, confectionery, and more.

Global Stevia Market Report 2021 Growth and change related to COVID-19 is part of a series of new reports from The Business Research Company which provide Stevia market overviews, analyze and forecast Stevia market size and growth for overall market, Stevia market segments and geographies, Stevia market trends, Stevia Market Drivers, Stevia Market Constraints, Key Competitor Revenue, Profiles and Market Share in 1,000+ industry reports, covering over 2,500 market segments and 60 geographical areas.

The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.

Here is a list of similar reports from the trade research firm:

Global Natural Sweeteners Market Report 2021 – By Type (Stevia, Sorbitol, Xylitol, Mannitol, Erythritol, Sweet Proteins), By Application (Bakery Products, Sweet Spreads, Confectionery & Chewing Gums, Beverages, Dairy Products) , by end user (food and beverage, pharmaceutical, direct sales), growth and change related to COVID-19

Global Agave Nectar Market Report 2021 – By Product (Light Agave Nectar, Dark Agave Nectar), By Function (Emulsifier, Sweetener, Flavor Enhancer), By Distribution Channel (Supermarkets, Online Stores) , Retail Stores), By Application (Bakery, Beverages, Confectionery), COVID-19 Growth And Change

Global Synthetic Sweeteners Market Report 2021 – By Product Type (Aspartame, Acesulfame K, Saccharin, Sucralose, Neotame), By Application (Bakery, Dairy, Confectionery, Beverages, Soups, Sauces and dressings), by distribution channel (supermarkets and hypermarkets, department stores, convenience stores), impact and recovery of COVID-19

Global Xylitol Market Report 2021 – By Type (Wood Fibrous Sweetener, Birch Xylitol, Corn Xylitol), By Form (Solid, Liquid), By Application (Food & Beverages, Oral Care Products, Cosmetics & Articles toiletries, pharmaceuticals), COVID-19 growth and changing

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