#Stevia Industry Overview

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Sugar Substitute Market Size, Share, and Growth Analysis 2031

The sugar substitute market has been witnessing significant growth over the past few years, driven by rising health consciousness, the increasing prevalence of diabetes, and the growing demand for low-calorie food and beverages. As consumers shift towards healthier alternatives, the market for sugar substitutes is poised for substantial expansion. This article analyzes the market size, share, and growth trends expected to shape the sugar substitute industry by 2031.

Market Overview

Sugar Substitute Market size was valued at USD 7.5 billion in 2019 and is poised to grow from USD 7.91 billion in 2023 to USD 12.86 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

Sugar substitutes are compounds used to sweeten food and beverages while providing fewer calories than traditional sugar. They can be classified into several categories:

1. Artificial Sweeteners: Synthetic compounds that mimic the sweetness of sugar. Examples include aspartame, saccharin, and sucralose.

2. Natural Sweeteners: Derived from natural sources, these include stevia, monk fruit, and agave nectar.

3. Sugar Alcohols: Such as xylitol and erythritol, these offer sweetness with fewer calories and are often used in sugar-free products.

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Growth Drivers

1. Health Consciousness - An increasing number of consumers are adopting healthier lifestyles, leading to a rise in demand for sugar substitutes. The awareness of sugar-related health issues, such as obesity and diabetes, has encouraged many to seek alternatives.

2. Regulatory Support - Many governments and health organizations advocate for reduced sugar consumption, creating a conducive environment for sugar substitutes. Regulatory approvals for various sweeteners are further enhancing market growth.

3. Expanding Food and Beverage Industry - The food and beverage industry is rapidly evolving, with more companies incorporating sugar substitutes into their products to meet consumer demand for healthier options. This trend is particularly evident in the beverage sector, where the popularity of diet sodas and low-calorie drinks is on the rise.

4. Innovations in Product Development - Ongoing research and development are leading to the introduction of new, improved sugar substitutes that offer better taste and functionality, thereby attracting more consumers.

Market Segmentation

By Type

- Artificial Sweeteners: Expected to dominate the market due to widespread use in processed foods and beverages.

- Natural Sweeteners: Anticipated to grow significantly, driven by the demand for organic and clean-label products.

- Sugar Alcohols: Increasingly popular in sugar-free and low-calorie products.

By Application

- Food: Including baked goods, dairy products, and snacks.

- Beverages: The largest segment, encompassing soft drinks, juices, and energy drinks.

- Pharmaceuticals: Sugar substitutes are also gaining traction in the pharmaceutical industry, particularly in the formulation of sugar-free medications.

Competitive Landscape

The sugar substitute market is characterized by a mix of established players and emerging startups. Key players include: Cargill Incorporated, DuPont de Nemours, Inc., Archer Daniels Midland Company, Ingredion Incorporated, Roquette Freres SA, Tate & Lyle PLC, PureCircle Ltd, Ajinomoto Co., Inc., Kerry Group plc, Südzucker AG, Nestle S.A., PepsiCo, Inc., Kellogg Company, Danone S.A., The Coca-Cola Company, Symrise AG, Hermes Sweeteners Ltd., Morita Kagaku Kogyo Co., Ltd., Mitsui & Co., Ltd., NutraSweet Company

These companies are focusing on product innovation, strategic partnerships, and expansions to enhance their market presence.

Read Sugar Substitute Market Report - https://www.skyquestt.com/report/sugar-substitute-market The sugar substitute market is at a pivotal point, driven by changing consumer preferences and health trends. As the demand for healthier options continues to rise, the market is set to expand significantly by 2031. Stakeholders in the food and beverage industry must adapt to these changes, capitalizing on the opportunities presented by the growing sugar substitute segment. With continued innovation and a focus on consumer needs, the future looks bright for this dynamic market.

[mordormr]

Sweetening the Future: Key Trends Shaping the Stevia Industry

The Stevia Market Size is projected to be valued at USD 0.84 billion in 2024, and it is anticipated to grow to USD 1.36 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 10.12% during the forecast period from 2024 to 2029.

Market Overview: The global stevia market is poised for substantial growth, driven by the increasing focus on health and wellness, alongside growing concerns about the negative health impacts of excessive sugar consumption. From beverages and food products to personal care items, stevia's versatility is fueling its expansion across multiple industries. According to market research, this sector is expected to grow at a steady rate, with key markets such as North America, Europe, and the Asia-Pacific leading the way.

Key Trends Shaping the Stevia Industry:

Rising Demand for Natural and Low-Calorie Sweeteners: As consumers become more health-conscious, there's been a marked shift toward natural, plant-based ingredients in food and beverages. Stevia stands out as a popular choice due to its zero-calorie content and ability to provide sweetness without the adverse effects associated with artificial sweeteners or sugar.

Regulatory Support and Approvals: Many regulatory bodies, including the US FDA and the European Food Safety Authority (EFSA), have approved stevia for use as a food additive, which has spurred its adoption across various sectors. This regulatory backing has enhanced its credibility and encouraged more companies to incorporate stevia into their product lines.

Expanding Applications in Food and Beverage Industries: Stevia is being increasingly used in soft drinks, flavored water, and dairy products as a sugar substitute. This trend is particularly strong among brands looking to reformulate their products to reduce sugar content while maintaining taste, in response to consumer preferences and regulatory pressure to lower sugar levels in food and beverages.

Innovation in Stevia-Based Products: Continuous advancements in stevia extraction and formulation methods are enabling manufacturers to produce better-tasting stevia products. Companies are focusing on improving the flavor profile of stevia, reducing any residual bitterness, and enhancing its overall appeal in various applications.

Sustainability and Ethical Sourcing: With sustainability becoming a growing concern across industries, the stevia market is no exception. Companies are investing in sustainable sourcing practices and ethical production methods to meet the rising consumer demand for environmentally friendly products.

Conclusion: The stevia industry is experiencing robust growth as a result of increasing health awareness, regulatory support, and product innovation. As stevia continues to be integrated into a wide range of products, it is poised to play a critical role in the future of the global sweetener market.

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/stevia-market  

[dh5ryxhgbctgr]

Global Fructose Dispenser Market Research and Future Opportunities Overview 2024 - 2031

The global fructose dispenser market is a crucial segment within the food and beverage industry, focusing on the equipment that dispenses fructose sweeteners in various applications. This article provides an in-depth analysis of the market, exploring current trends, dynamics, challenges, and future outlook.

Overview of the Fructose Dispenser Market

The global fructose dispenser market is on an upward trajectory, driven by consumer trends towards health and wellness, the expansion of the food and beverage industry, and technological advancements in dispensing solutions.

Fructose dispensers are specialized devices designed to deliver fructose syrup or sweetener in controlled amounts. They are commonly used in restaurants, cafés, and food processing facilities to enhance the flavor of beverages and foods while offering an alternative to traditional sugars.

Key Features of Fructose Dispensers

Precision Dispensing: Ensures accurate measurement of fructose to maintain consistent sweetness levels.

User-Friendly Design: Typically equipped with intuitive interfaces for easy operation.

Hygienic Materials: Made from food-grade materials to ensure safety and compliance with health regulations.

Market Dynamics

Drivers of Market Growth

Increasing Health Consciousness: With growing awareness about health and wellness, consumers are seeking lower-calorie sweetening options, driving demand for fructose.

Rising Demand in Food and Beverage Industry: The expansion of the food and beverage sector, particularly in developing regions, contributes to the need for efficient dispensing solutions.

Technological Advancements: Innovations in dispenser technology enhance the efficiency and accuracy of fructose dispensing, appealing to manufacturers and consumers alike.

Challenges Facing the Market

High Initial Investment: The cost of advanced fructose dispensers can be a barrier for small businesses and start-ups.

Competition from Alternative Sweeteners: The rise of other low-calorie and natural sweeteners, such as stevia and monk fruit, poses a competitive challenge.

Regulatory Constraints: Compliance with food safety regulations can complicate the manufacturing and distribution of fructose dispensers.

Regional Analysis

North America

North America holds a significant share of the fructose dispenser market, driven by the large food service industry and a growing trend towards healthier eating habits. The demand for fructose in beverages, particularly soft drinks and health-oriented products, fuels market growth in this region.

Europe

Europe is witnessing a shift towards natural sweeteners, with fructose being a popular choice among health-conscious consumers. The stringent food safety regulations in countries like Germany and France further promote the use of precise dispensing solutions.

Asia-Pacific

The Asia-Pacific region is expected to see substantial growth in the fructose dispenser market, fueled by rapid urbanization and changing dietary preferences. Countries like China and India are experiencing an increase in the consumption of processed foods and beverages, leading to higher demand for effective sweetening solutions.

Competitive Landscape

Key Players

Crown Food Equipment: A leading manufacturer of food dispensing solutions, known for its innovative fructose dispensers.

SodaStream International: Offers home and commercial beverage systems that include fructose dispensing capabilities.

Dunkin' Brands: Although primarily known for its coffee and baked goods, Dunkin' has developed proprietary dispensing systems for fructose and other sweeteners.

Market Strategies

Product Innovation: Companies are focusing on developing advanced dispensers with improved functionality and ease of use.

Strategic Partnerships: Collaborations with food and beverage manufacturers to enhance product offerings and expand market reach.

Geographic Expansion: Targeting emerging markets in Asia and Africa to capitalize on the growing demand for sweetening solutions.

Future Outlook

The global fructose dispenser market is poised for steady growth in the coming years. As health trends continue to evolve and the food service industry expands, the demand for accurate and efficient fructose dispensing solutions will likely increase.

Trends to Watch

Sustainability Initiatives: Increasing emphasis on environmentally friendly practices in production and packaging.

Customization: Growing demand for personalized dispensing solutions tailored to specific customer needs and preferences.

Integration of Technology: The incorporation of IoT technology for real-time monitoring and data analysis in dispensing systems.

Conclusion

The global fructose dispenser market is on an upward trajectory, driven by consumer trends towards health and wellness, the expansion of the food and beverage industry, and technological advancements in dispensing solutions. By addressing challenges and leveraging opportunities, stakeholders can position themselves for success in this dynamic market. The future of fructose dispensers will be shaped by innovation, sustainability, and a commitment to meeting consumer needs in an ever-evolving landscape.

[foodagriculturenews]

Global Sweeteners Market Trends and Forecast: A Comprehensive Overview

The global sweeteners market is poised for significant growth, projected to reach USD 125.1 billion by 2028 with a CAGR of 3.1%, according to a research report by MarketsandMarkets. Diverse applications across industries such as food, beverage, personal care, and pharmaceuticals contribute to this expansion.

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In the food industry, sweeteners play a pivotal role in enhancing taste across products like bakery items and confectioneries. High-intensity sweeteners like aspartame and sucralose are key ingredients in sugar-free candies and desserts. In beverages, sweeteners are utilized to create low-calorie and sugar-free options, meeting the increasing demand for healthier drink alternatives. The personal care sector incorporates sweeteners in oral care products, chewing gums, and cosmetics, while the pharmaceutical industry employs them to improve medication palatability.

Stevia leads the natural sweeteners segment, owing to its plant-derived, zero-calorie nature and high sweetness intensity. The global trend toward reducing sugar intake and combating obesity has driven the demand for natural sweeteners, with stevia emerging as a preferred choice.

The direct sales channel, including B2B transactions, holds the largest share in the sweeteners market. This channel fosters streamlined communication and negotiation processes, allowing for tailored solutions, bulk transactions, and efficient order fulfillment. The direct sales model minimizes complexities associated with intermediaries, reducing costs and optimizing supply chain management.

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China is expected to witness the highest growth in the sweeteners market between 2023 and 2028. The country's dynamic and rapidly expanding sugar industry, fueled by new refineries and advanced technologies, positions it as a major producer and consumer of saccharin globally. The strategic development of an alternative sweetener industry and a significant increase in consumption underscore China's pivotal role in the global sweeteners landscape.

Major players in the sweeteners market include Cargill, Incorporated, ADM, International Flavors & Fragrances Inc., Ingredion Incorporated, Tate & Lyle, Associated British Foods, Südzucker AG, and Ajinomoto Co., Inc.

[vijukumar]

Unwrapping the Sweet World: Exploring the Dynamics of the Sugar Market

The global sugar market is an integral part of our daily lives, influencing everything from the sweeteners we use in our morning coffee to the ingredients found in our favorite desserts. This dynamic industry encompasses a wide array of products, from traditional cane sugar to innovative alternatives like coconut sugar and low-calorie sweeteners. In this blog, we'll delve into the diverse landscape of the sugar market, examining its trends, size, key players, and the ever-evolving consumer demands that shape its trajectory.

Sugar Market Overview:

The sugar market is a vast and complex sector that plays a crucial role in both the food and beverage industry and our daily dietary habits. The global Sugar market size was valued at USD 195623.62 million in 2022 and is expected to expand at a CAGR of 2.72% during the forecast period, reaching USD 229854.89 million by 2028. Traditional players in this market include raw cane sugar and refined sugar, which have long been the primary sweeteners in various cuisines worldwide. However, the market has seen a significant shift with the rise of alternative sweeteners and the growing demand for healthier and more sustainable options.

Key Segments in the Sugar Market:

Coconut Sugar Market:

As consumers become more health-conscious, there has been a surge in demand for natural and organic sweeteners. Coconut sugar, derived from the sap of coconut trees, has gained popularity due to its perceived health benefits and lower glycemic index compared to traditional sugars.

Organic Sugar Market:

The organic sugar market has witnessed substantial growth as consumers prioritize products that are free from pesticides and genetically modified organisms (GMOs). This trend aligns with the broader shift towards organic and sustainably sourced food products.

Palm Sugar Market:

Palm sugar, extracted from the sap of certain palm trees, has gained traction as a sweetener with unique flavor profiles. Its natural sweetness and distinct taste have positioned it as an alternative for those seeking variety in their sweetening options.

Low Calorie Sweeteners Market:

With an increasing focus on reducing calorie intake and managing health, the market for low-calorie sweeteners has experienced exponential growth. Artificial sweeteners, sugar alcohols, and natural alternatives cater to consumers looking for sweetness without the caloric impact.

Natural Alternative Sweeteners Market:

Natural alternative sweeteners, such as stevia and monk fruit, have gained popularity as consumers seek plant-based and minimally processed options. The market for these alternatives is expected to continue expanding as awareness of their benefits grows.

Market Trends and Insights:

Sugar-Free Beverage Market:

The rise of health-conscious consumers has led to a surge in demand for sugar-free beverages. This trend has influenced the strategies of beverage companies, spurring innovation in the development of low-calorie and natural sweetener-infused drinks.

Sugar Market Growth and Revenue:

Despite concerns about the health impacts of excessive sugar consumption, the sugar market continues to grow. Factors such as population growth, urbanization, and changing dietary habits contribute to the sustained demand for sweeteners.

Top Sugar Companies and Market Competition:

The sugar market is highly competitive, with key players continuously adapting to meet consumer preferences. Top companies in the industry are investing in research and development to introduce innovative products and maintain their market share.

Conclusion:

The sugar market is a vibrant and ever-evolving landscape, reflecting the dynamic interplay between consumer preferences, health considerations, and industry innovation. As the demand for diverse sweetening options continues to rise, the sugar market is likely to witness further transformations, with a spotlight on natural and healthier alternatives. Keeping an eye on emerging trends, technological advancements, and the strategies of top sugar companies will be crucial for stakeholders navigating this complex and multifaceted industry.

[chemicalresearchupdates]

Understanding Regulatory Changes and Their Influence on the Aspartame Market

The aspartame market is a significant component of the global artificial sweeteners industry, providing a sugar substitute with various applications in the food and beverage sector. Aspartame, chemically known as L-alpha-aspartyl-L-phenylalanine methyl ester, is an artificial sweetener that offers a sugar-like taste without the caloric content of sugar. It is widely used in the production of various low-calorie and sugar-free food and beverage products, making it a vital player in the sweeteners market.

The market overview and scope of aspartame encompass a broad range of industries, including food and beverage, pharmaceuticals, and cosmetics. Aspartame is known for its high sweetness intensity, which is approximately 200 times sweeter than sucrose, making it a sought-after choice for manufacturers looking to reduce sugar content in their products while maintaining the desired level of sweetness. This broad scope reflects the versatility of aspartame, which is incorporated into a wide array of products, from diet sodas and sugar-free candies to sugar substitutes in pharmaceutical formulations.

Market growth in the aspartame industry has been steadily increasing in response to consumer demand for healthier, low-calorie, and sugar-free alternatives. With the rising prevalence of health-conscious consumers and the increasing concerns about obesity and diabetes, the market for aspartame has witnessed significant growth. Additionally, the expansion of the food and beverage industry, coupled with the development of innovative formulations, has driven the demand for aspartame.

The aspartame market industry operates on the foundation of the evolving trends in the food and beverage sector. A notable trend in the market is the development of new product formulations that blend aspartame with other sweeteners and functional ingredients to enhance taste and nutritional profiles. Furthermore, aspartame is frequently used in combination with other sugar substitutes like stevia, creating opportunities for manufacturers to create well-rounded, low-calorie products. The market is also impacted by regulatory changes and consumer preferences, which have pushed manufacturers to reformulate their products to meet the demand for healthier alternatives.

In conclusion, the aspartame market is a dynamic segment of the sweeteners industry, offering a sugar substitute with a wide range of applications in food, beverages, pharmaceuticals, and cosmetics. Market growth is fueled by increasing health-consciousness among consumers, and industry trends are influenced by innovations in product formulations and evolving regulatory standards. As the demand for low-calorie and sugar-free products continues to grow, the aspartame market is expected to remain a crucial player in the global food and beverage industry.

[delhideli]

The Future of Sweets: Trends and Predictions for the Industry

Imagine a world where the sweetest treats ever tantalize our taste receptors. Future confections will combine traditional sweets with cutting-edge technology, stimulate our senses with novel flavors, and become the norm in terms of healthfulness. Come along with us as we explore the fascinating predictions and trends influencing the future of the candy industry.

Understanding the Current Landscape

Overview of the sweets industry

From the straightforward pleasures of childhood, the sweets industry has come a long way. It’s a dynamic market with limitless opportunities now. The global confectionery industry is anticipated to reach a mind-blowing $281.76 billion by 2026, per market research. Players in the candy sector, from small-batch chocolatiers to well-known companies, are constantly coming up with new ideas to win the hearts and palates of consumers.

Consumer preferences and changing demands

Consumer tastes and taste senses both change over time. There has been a noticeable change in what people want from their sweets. Sustainability and health-conscious decisions are increasingly important in the decision-making process. Consumers are looking for snacks that support their values and have better nutritional characteristics as consumer knowledge grows. Confectionery producers are reacting by introducing intriguing new solutions that satisfy a variety of dietary requirements.

Emerging Trends in the Sweets Industry

Innovative flavors and combinations

Future confections will feature an array of unorthodox flavors and unusual flavor combinations. Imagine yourself enjoying the decadent blend of chili-lime gummies or the silky fusion of chocolates with lavender flavoring. Confectioners are sending us on a fascinating trip of surprising taste sensations by experimenting with unusual flavor mixes. International influences are also becoming more noticeable, with unusual fruit flavors and matcha-infused delights catching the attention of adventurous palates.

Health-conscious confections

The days when eating sweets meant sacrificing your health are long gone. A paradigm shift toward healthier options without compromising taste is currently taking place in the sweets industry. Options with reduced calories, low sugar, and natural ingredients are becoming more popular, enabling consumers to indulge in sweets guilt-free. To fulfill cravings without too much sugar, for instance, creative businesses are creating delicious chocolates with alternative sweeteners like stevia or erythritol.

Personalized and customizable experiences

Future confections will focus heavily on customization and unforgettable experiences. Imagine creating your own dessert combinations or making your own confections to suit your individual tastes. The popularity of DIY kits allows people to express their creativity and realize their sweetest fantasies. Indulgence is becoming an amazing encounter thanks to immersive and interactive dessert experiences, such as interactive dessert tasting events.

Technological Advancements

3D printing and confectionery

Be prepared to be astounded by the 3D printing marriage of technology and dessert. Intricate and magnificent masterpieces that were previously unthinkable are now possible thanks to this ground-breaking method, which revolutionizes confectionery design. Complex patterns, customized messages, and complex chocolate sculptures are made possible by 3D printers created exclusively for confectionery. With the use of this technology, confectioners now have a whole new range of options for wowing their clients with visually attractive and distinctively formed goods.

Augmented reality (AR) and virtual reality (VR)

Enter a world where candy, augmented reality, and virtual reality coexist harmoniously. The way we engage with sweets is changing as a result of AR and VR technology. Imagine digitally sampling delicacies before buying them or browsing a virtual candy shop where you may browse colorful aisles and find new treats. These engaging encounters raise customer interest and give a preview of what sweet discovery can look like in the future.

Read More:https://delhidelicafe.com/2023/10/04/the-future-of-sweets-trends-and-predictions-for-the-industry/

[krishna1244]

Canada Stevia/ Stevia Rebaudiana Market 2023: Huge "B2B opportunities 2030"

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[mayurreports]

Alternative Sweeteners Market Research Report forecast year 2020-2027

Market overview

The alternative sweeteners market is an ever-evolving industry that is constantly adapting to the changing needs of consumers. Alternative sweeteners are becoming increasingly popular as consumers look for healthier options to satisfy their sweet tooth. This article will discuss the current state of the alternative sweeteners market, and how it is changing to meet the demands of consumers.

The alternative sweeteners market is driven primarily by the health-conscious consumer. People are increasingly looking for healthier options to satisfy their cravings for sweet treats, and alternative sweeteners offer a low-calorie, low-glycemic alternative to traditional sugar. In addition, alternative sweeteners are often plant-based and are free from artificial ingredients, providing a more natural option for consumers.

Alternative sweeteners have also become popular in specialty and craft beverages, such as kombucha and cold-brew coffee. The use of alternative sweeteners in these beverages allows for a lower-calorie, smoother, and more flavorful drink. As more people become health-conscious, the demand for these specialty beverages grows, and the use of alternative sweeteners market is likely to increase.

 Market segmentation

The global alternative sweetener market has been segmented by product type, including high fructose syrup, high-intensity sweeteners, and low-intensity sweeteners. Based on the source, the market includes natural and synthetic sweetners. The market is segmented into food and beverages, pharmaceuticals, and others based on application. The food and beverage sector is divided into the bakery, confectionery, beverage, dairy, etc.

 Regional analysis

The demand for natural sweeteners in North America is mainly due to healthy food trends. The beverages industry dominates, followed by the bakery, confectionery, and dairy industries. According to the information from the US Census Bureau, the preferred brands of alternative sweeteners are Splenda, Sweet’N Low, Stevia in the Raw, and Equal.

 Many active players drive the global market for sugar substitutes. There are numerous prominent players in the industry that are as follows:

●      Cargill Inc.

●      DuPont de Nemours, Inc.

●      Ingredion Inc.

●      Heartland Food Products Group

 Competitive Analysis

The market's players are anticipated to seek supply chain revisions to encourage the market's expansion into new sectors and demographics. The global market's reaction to increased efficiency levels is projected to unleash fresh and dramatic transformations in the approaching future. In the next year, the increase in business interests is expected to put market competitors in a better position during the forecast period. During the projection timeframe, the market is expected to gain a lot from market signals while also examining its customer base to suit their wants better. Because of the government's involvement in re-energizing the international market, the different regional markets will continue to grow steadily. The new growth endeavors are expected to boost the company's future goal attainment trend and are thus regarded as critical to its expansion. Businesses in the market are expected to incorporate social impact aims shortly, ushering in a new planning phase in the industry. In the coming years, digital aspects of business operations are expected to become more prominent.

The notable companies in the Key alternative sweetener market Players are Hill Pharmaceutical Co. Ltd. (China), Azúcares Prieto (Spain), DuPont Nutrition & Health (Denmark), Tate & Lyle Plc (U.K.), Macandrews & Forbes Incorporate (U.S.), Ingredion Incorporated (U.S.), JJD Enterprise (India), Roquette Freres S.A. (France), Archer Daniels Midland Company (U.S.), Associated British PLC (U.K.), Denk Ingredients (Germany), Cargill Incorporated (U.S.), Niutang Changhai Food Additives Co, Ltd. (China), A.B. Enterprise (India), and Sunwin Stevia International (China).

Industry news

According to the International Diabetes Federation, people with diabetes worldwide 2019 were 463 million. The number is expected to reach 700 million by the end of 2045. An increase in obesity levels and concern regarding the risk of developing cardiovascular disease and diabetes encourage consumers to make more healthy choices. Consumers suffering from diabetes and obesity go for low-calorie sweeteners as these products have fewer or no calories and therefore help control weight and maintain blood sugar levels. The development of low sugar food for diabetic and diet-conscious consumers followed by the high demand for diet beverages has been projected to drive the market.

  NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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Global Natural Sweeteners Market Regional Analysis, Size, and Trends

The Global Natural Sweeteners Market is expected to reach USD 36.9 billion by 2027 from, at a CAGR of 4.3% over the forecast period.

The Global Natural Sweeteners Market research study is available on the Qualiket Research website and includes a forecast, share, size, and dynamics analysis. This report provides an overview of the Global Natural Sweeteners Market as well as an informative explanation. The Global Natural Sweeteners Market has been thoroughly researched in order to arrive at an exact and well-informed conclusion on the industry's present market dynamics.

This research study includes a thorough examination of the market through extensive qualitative and quantitative judgments, as well as market predictions. This report categorizes the market into emerging and specialty segments. This research study also calculates market size and development trends at the global, regional, and national levels from 2020 to 2027. This study includes a market segmentation and revenue estimation based on type, application, end user and region.

Get a Sample Copy of this Report@ https://qualiketresearch.com/request-sample/Natural-Sweeteners-Market/request-sample

Research Methodology

The Global Natural Sweeteners Market has been evaluated for the forecast period using Porter's Five Force Model for the review period of 2020 to 2027. Furthermore, a thorough SWOT analysis was carried out to gain a thorough understanding of the key factors driving the Global Natural Sweeteners Market.

Competitive Landscape

The report's competitive landscape was created by taking into account all of the important factors, including business profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial status, market position, and expansion strategies. In addition, the research delves into recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among other topics. The research also discusses the Global Natural Sweeteners Market's current technological innovations and product advancements.

Key Players:

The Key players ofGlobal Natural Sweeteners Market are DuPont (US), ADM (US), Tate & Lyle PLC (UK), Cargill (US), Ingredion Incorporated (US), Roquette Frères (France), FoodChem International Corporation (China), PureCircle Ltd (US), MacAndrews & Forbes Holdings Inc (Merisant) (US), and Ecogreen Oleochemicals Pvt Ltd (Indonesia).

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Market taxonomy

By Type

Stevia

Sorbitol

Xylitol

Mannitol

Erythritol

Sweet proteins

Other types

By Application

Bakery products

Confectioneries & gums

Spreads

Beverages

Dairy products

Frozen desserts

Tabletop sweeteners

Pharmaceutical products

Other applications

By End-use sector

Food & beverages

Pharmaceutical

Direct sales

Other end-use sectors

By Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

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[mordormr]

The Rising Demand for Food Sweeteners in India: Trends, Innovations, and Market Growth

India’s food sweetener industry size is witnessing significant growth, driven by evolving consumer preferences and a rising focus on healthier alternatives. The India Food Sweetener Market Size is projected to be valued at USD 3.20 billion in 2024 and is expected to grow to USD 3.74 billion by 2029, with a compound annual growth rate (CAGR) of 3.17% during the forecast period from 2024 to 2029.

Key Drivers of Growth:

Increasing Health Awareness: With growing concerns over obesity, diabetes, and other lifestyle diseases, Indian consumers are seeking sugar substitutes like stevia, aspartame, and sucralose. Natural sweeteners, in particular, are gaining popularity due to their perceived health benefits.

Shift in Dietary Preferences: As more people adopt healthier lifestyles, sugar-reduced and sugar-free products are increasingly preferred. This trend has fueled the demand for alternative sweeteners in snacks, beverages, and desserts.

Growth of Processed Food Industry: The rising urban population and busy lifestyles are driving the demand for processed and packaged food products, boosting the need for food sweeteners in these products.

Government Policies and Initiatives: Regulatory changes to curb excessive sugar consumption and promote healthier alternatives have further opened the door for food sweeteners to capture a larger share of the market.

Emerging Trends in the India Food Sweetener Market:

Natural Sweeteners Boom: Plant-based sweeteners like stevia and monk fruit are increasingly being used in food and beverage formulations due to their low-calorie content and natural origins.

Innovation in Low-Calorie Sweeteners: Manufacturers are investing in research and development to create sweeteners that not only provide sweetness but also offer functional benefits like improving texture and flavor balance.

Growing Demand for Clean Label Products: Consumers are becoming more mindful of ingredient lists, driving the demand for sweeteners that are clean, sustainable, and free from artificial additives.

Market Expansion in Rural Areas: While urban India leads in the adoption of sweeteners, rural areas are also becoming significant contributors as they transition to packaged foods and beverages.

Conclusion:

India's food sweetener market is poised for steady growth as consumers look for healthier options without compromising taste. As the processed food industry expands and health awareness increases, the demand for both natural and synthetic sweeteners is expected to continue rising, presenting exciting opportunities for manufacturers in the sector.

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/india-food-sweetener-market-industry  

[cagrreports21]

Global Stevia Chocolate Market, Dynamics, and Market Analysis

CAGR Reports deliver well-researched industry-wide information on the Stevia Chocolate market . It provides information on the market’s essential aspects such as top participants, factors driving Stevia Chocolate market, precise estimation of the Stevia Chocolate market  size, upcoming trends, changes in consumer behavioural pattern, market’s competitive landscape, key market vendors, and other Industry features to gain an in-depth analysis of the market. Additionally, the report is a compilation of both qualitative and quantitative assessment by industry experts, as well as industry participants across the value chain. The report also focuses on the latest developments that can enhance the performance of various market segments.

Key Players Analysis:

barry callebaut, 

Cargill,

Ingredion,

Morita Kagaku Kogyo

The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Instant Stevia Chocolate during the forecast period, i.e., 2021-2027. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries

The documented report aims to offer an organized and methodical strategy for important aspects that have affected the market in recent years and future market opportunities that companies can trust. It gives readers clear market research for better judgment and better decision making on whether or not to invest. The report provides an analysis and overview of the future dynamics with an in-depth analysis of the most important players that are likely to contribute to the growth of the Stevia Chocolate during the forecast period.

Report Details : https://cagrreports.com/food-beverages-market-research-report/global-stevia-chocolate-market-status-trends-and-covid-19-impact-report-2022/

The market report also provides a correct assessment of the company strategies and business models that companies implement to stay in the market and lead. Some of the most important steps companies are taking are mergers and acquisitions, partnerships and collaborations to expand their regional and global reach. In addition, the players are also launching a new range of products to enrich their portfolio by using the latest technology and implementing them in their company.

The report is updated with the impact of the currently unfolding COVID-19 pandemic. The pandemic has dynamically affected the key segments of the market and has changed the growth pattern and demands in the Stevia Chocolate. The report covers extensive analysis of these changes and provides an accurate forecast estimation of the market growth after the impact of the pandemic.

What is Stevia Chocolate report?

The report has classified the market into segments including product type, and application. Every segment is evaluated based on share and growth rate. Besides, the analysts have studied the potential regions that may prove rewarding for the manufacturers in the coming years. The regional analysis includes reliable predictions on value and volume, thereby helping market players to gain deep insights into the overall industry.

Reason to Buy

– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Stevia Chocolate

– Highlights key business priorities in order to assist companies to realign their business strategies.

– The key findings and recommendations highlight crucial progressive industry trends in the Stevia Chocolate, thereby allowing players to develop effective long term strategies.

– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Note: If you have any special requirement, please let us know and we will offer you the report as you want.

Seeking to initiate a fruitful business relationship with you!

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Contact Us:

CAGR Reports +447305924133 10 Burlington Road, SL1, 7BQ, UK www.cagrreports.com

info@cagrreports.com

[teeresearch]

Global Stevia Dairy Product Market - Forecast (2022 - 2027)

Global Stevia Dairy Product Market Overview

The Global Stevia Dairy Product Market size is estimated to reach $1.1 billion by 2027. Furthermore, it is poised to grow at a CAGR of 8.7% over the forecast period of 2022-2027. Stevia has been a natural sweetener that has been growing in its demand owing to its beneficial nutrient profile as compared to sucrose or corn syrup. The stevia plant belongs to the sunflower family, and its leaves contain sweet-tasting compounds known as steviol glycosides. Further, around 50 steviol glycosides have been identified, and each plant has approximately 9 unique of these compounds, and is approximately 200-350 times sweeter than sugar. Stevia has been of the great choice to the marketers as it allows to maintain stability throughout the pasteurization process, hence its usage can be adopted in various end products, such as yogurts-flavored milk-ice creams, and others. The sugar substitute often works best in combination with saccharin or cyclamate or others as it tends to lower the bitterness and astringency. The growing burden of diseases amongst the groups of societies along with manufacturers' preference to incorporate stevia alone or with the cooperation of another form of high-intensity sweeteners to increase the market reach has been identified as the key driver for the Global Stevia Dairy Products Industry.

Global Stevia Dairy Product Market Report Coverage

The report: “Global Stevia Dairy Product Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Stevia Dairy Product Market.

By Product Types: Yogurt, Flavored Milk, Ice Creams, and Others.

By Distribution Channel: Offline Stores and Online Stores.

By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).

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Key Takeaways

Geographically, North America’s stevia dairy products market held a dominant market share in the year 2021. It is owing to a robust product launch observed within the region, additionally, stevia plantation takes place within the likes of countries likes Mexico and the U.S. which allows for better market reach. However, Asia-Pacific is expected to offer lucrative growth opportunities over the forecast period of 2022-2027, the growing taste preferences within the likes of countries such as India and China would allow for better market penetration.

The growing burden of diseases amongst the masses of societies along with manufacturers' preference to incorporate stevia alone or with the cooperation of other forms of high-intensity sweeteners to increase the market reach has been a key driver for the market. However, complex challenges faced by manufacturers to maintain texture-indulgence and mouthfeel along with the general sentiment of sweetness impede the overall market growth.

A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Stevia Dairy Products Market Report. 

Global Stevia Dairy Product Market Segment Analysis- By Product Type

The global stevia dairy product market based on product type can be further segmented into Yogurt, Flavored Milk, Ice Creams, and Others. Yogurt held a dominant market share in the year 2021. Strong consumer demand has been noticed for yogurt owing to its ability to tick the necessary nutrient and healthy lifestyle marks such as being low-in calorie, reduced fats, and ability to provide longer satiety. Additionally, stevia integration with such necessities allows for robust product innovation. As per a sensory study, around 50% of sugars present in a strawberry-sugar flavored yogurt can be readily substituted by stevia (rebaudiana A) without any perceivable taste changes. Furthermore, yogurt’s nutrient profile is fulfilled with immense proteins, as per a Kerry Group study, consumers are ready to pay a premium of 10-15% if the products are positioned and claimed as “fortified with proteins”. Owing to these reasons, the segment held a dominant share. However, Ice-Creams are estimated to be the fastest-growing, with a CAGR of 9.7% over the forecast period of 2022-2027. Ice-Cream has been the most consumed and popular frozen dessert, and its acceptance is high owing to its robust sucrose presence. Moreover, industry experts believe that stevia’s natural label claim provides the “aware” consumers a chance to change their consumption patterns, and incline towards beverages that will fulfill their nutritional goals while simultaneously working on taste fulfillment.

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Global Stevia Dairy Product Market Segment Analysis- By Distribution Channel

The global stevia dairy products market based on distribution channels can be further segmented into offline stores and online stores. Online Stores held a dominant market share in the year 2021. Online retail channels picked up during the year owing to pandemics. People have started to adapt to the new normal, where activities such as work from home and college from home have become prevalent. Additionally, recent surveys from Chicory Third Annual Grocery Usership revealed that digital platforms are being preferred more than offline stores. As per the participants of the survey, around 72% purchased basic groceries items online in the last 90 days, while around 52% said that they have placed grocery orders online at least once every week. Furthermore, online retail is estimated to be the fastest-growing, with a CAGR of 9.4% over the forecast period of 2022-2027. Convenience was ticked by maximum respondents, while around 46% of respondents cited convenience or time constraints as their primary motivation for ordering online, and only around 10% governing that reason for online purchases is a resultant of health worries. Moreover, the CEO of Chicory feels that digital grocery shopping is here to stay, and consumers would continue to prioritize their convenience over everything else. Owing to these trends, the sales would grow exponentially through these channels.

Global Stevia Dairy Product Market Segment Analysis- By Geography

The global stevia dairy product market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World. North America held a dominant market share of 35% in the year 2021. The region has been growing extremely wary of its food consumption trends and is inclining towards products that are free from processed sugars or are free from sugar. As per CDC, around 11.4% of the U.S. population have diabetes, and an even greater percentage is on the brink to develop type-1 diabetes. However, a major portion of consumers still have their preferences tied towards ice-creams and flavored drinks that have high amounts of sucrose, hence, product manufacturers are aligning products in the market which can substitute some amounts of sucrose with stevia. However, Asia-Pacific is expected to offer lucrative growth opportunities over the forecast period of 2022-2027. Product innovations along with spectacular demand and production from the likes of China and India would allow the market of such alternatives to grow. Additionally, the region has countries with various forms of CVDs, which would push them to consume dairy products with stevia blend.

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Global Stevia Dairy Product Market Drivers

The growing disease burden pertaining to high sugar consumption and overall pessimistic sentiments regarding the use of processed sugar has been a key driver for the market

Obesity has been a growing concern and has taken grip over the young and adults alike. Sugar and processed sugar products have been often linked with incidences of obesity and subsequent diabetes. Moreover, as per CDC, around 40% of American adults aged over 20 have been termed as obese, and similar statistics follow the rest of the world. WHO and other allied health service authorities are now pushing forward to introduce a sugar tax on manufacturers-to reduce their heavy alliance over-processed sugar in any or every product. For example, as per the Australian Medical Association- a tax of 40 cents per 100 grams of sugar can help in reducing the consumption of non-nutritional sweetener drinks by up to 12-18%. The said move has taken immense traction since AMA announced that around 2.4 billion liters of sugary drinks are consumed each year in the said region. High sugar diets have led to diabetes around the world-thereby with the availability and use of natural sugar substitutes such as stevia with zero additional calories and no incidence of spiking blood glucose levels can successfully aid the growing concern amongst the world authorities.

A strong association of dairy products within developing regions owing to their medicinal properties along with health consciousness pertaining to obtaining less sugary or processed-sugar-free products has allowed the market to grow

Dairy drinks and beverages have held a close association in developing and developed regions and countries within. The association has been closely knitted owing to the various functional advantages of dairy when compared to any other form of food or drink. Further, dairy products are a powerhouse of nutrients which include calcium, potassium, phosphorus, protein, vitamin A, D, B12, riboflavin, and niacin. The listed ingredients have been hovered and connected with covering a unique health aspect. For example, osteoporosis, a common form of bone deformation condition affects around 12.6% of the U.S. population and is primarily caused by low calcium intake. Doctors across the world have often attributed those good amounts of dairy milk or other products to allow for stronger bones. The production capacity of dairy has been growing in the likes of countries like India which will allow an easy availability of raw materials to end product users. As per an economic survey, India’s milk production capabilities have grown by around 35.61% within the last six years, and further projection estimates that the growth is not going to slow down soon. International commitments and local demand would allow for better integration of stevia with milk products.

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Global Stevia Dairy Product Market Challenges

The growing prevalence of lactose intolerance supplemented by the higher interest of people towards cruelty-free products such as vegan sources of milk has impeded market growth

Lactose intolerance has gripped the market and has become a bottleneck for various product manufacturers. As per global estimates, around 68% of the world population suffers from lactose intolerance. Furthermore, plant-based dairy alternatives are growing more diverse, by offering competitive pricing and healthy label claims such as of that being cruelty-free, gluten-free, fortified by proteins and essential nutrients, and non-GMO induced products. As per the plant-based food association, plant-based milk grew at a robust pace of 20.4% from 2019. Additionally, International Dairy Food Association, export delays, and other supply chain challenges within the dairy segment cost $1.5 billion to the industry. Lastly, stevia has been used in modulation with sugar or other sweeteners which makes the pure benefits of it being sugar-free false, while if only stevia is used in dairy products, it leaves a bitter after taste which has been a key problem for manufacturers.

Global Stevia Dairy Product Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global Stevia Dairy Product Market. The top 10- Global Stevia Dairy Product Market companies are:

Fonterra Co-Operative Group,

LACTALIS Ingredients,

Schrieber Foods Inc,

Danone Inc,

Saputo Inc.

Alpen Dairies

Lactoland

Miraka

Dairy America

Nestle S.A

Recent Developments

In January 2022, Codex Alimentarius- International Food Standard Safety Authority adopted the specification of four stevia technologies- which includes Sweegen’s Bioconversion. The significance of the adoption is that there is now a more streamlined approach to regional adoption of new production technologies. This will provide greater access to less common and better-tasting steviol glycosides at scale and a more sustainable supply of sugar-like tasting ingredients.

In September 2021, Nascent Health Sciences LLC received a “no-questions” letter from the U.S. FDA in response to its GRAS notice for the So-Pure Steviol Glucosides. The following nod would allow the company to expand its portfolio and would allow for better end-product integration. The nod provides the end-product industries to be assured that stevia supply is not only grown naturally and sourced sustainably but is also safe and backed by stringent regulatory approvals.

In April 2020, Ingredion Inc and Pure Circle Limited have announced that the former company would take up to 75% of the stake in the latter’s company. Pure Circle is a leading producer and innovator of stevia sweeteners for the global food and beverage industries. Ingredion is a leading global provider of plant-based ingredient solutions to diversified industries. Ingredion has further communicated that sugar reduction has been one of Ingredion’s five specialties and stevia would be a core product within their sugar reduction portfolio.

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[megharesearch]

The Food and Beverage Stevia market research report discusses the importance of the segments as well as the regional markets. An accurate overview of different segments and regions has been prepared on the basis of the market size as well as the growth rate (CAGR). Different industry professionals and research analysts in various regions have examined and validated the data presented in this research report.

[market-researchm]

Stevia Market Share, Global Insights, Size, Development, Emerging Trends, Analysis and Forecasts To 2024

Industry Insights

The global Stevia Market size is likely to reach USD 553.7 million by 2024 and is anticipated to grow at a CAGR of 6.1% during the forecast period. Rising popularity of stevia owing to its superior sweetening properties, and its ability to restrict any contrary effects on the fitness of the consumers is thrusting the industry growth over the next nine years. The food sector is expected to remain one of the most vital segments of this market owing to the increasing demand for low-calorie substitute products. The increase in consumer awareness concerning consumption of healthy nourishment will ultimately lead to the rise in the penetration of stevia in confectionary and bakery products.

Promotion to use stevia in different forms such as powered and dried drives the positive perception of the food and beverage sector in countries such as Vietnam, Singapore, China, South Korea and Japan on account of growing acceptance of stevia-based compounds and new product launches. In addition, the rise in the awareness of consumers towards fitness routine has also caused various carbonated drink producers which consist of The Coca-Cola Company to announce the stevia based product in their product line of soft drinks, which also helped them to widen their consumer base.

The approval from the EU Commission and the U.S. FDA which resulted in optimistic regulatory outlook is presumed to be a crucial factor fueling the growth of stevia market soon. The favorable atmosphere and consumer awareness concerning the advantages of natural sweeteners have influenced large-scale production in APAC and Latin America which resulted in an acceptance of compounds based on stevia in nations such as South Korea, Japan, and Brazil.

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Product Insights

In terms of total volume, the beverage was the primary application industry accounting for over 34.8% in 2015. Increasing demand for juices, carbonated drinks, and low-calorie beverages is anticipated to cause the expansion of stevia market over the next nine years.

A significant share of 22.2% global volume for tabletop sweeteners was projected as the third major industry. Artificial sugar is expected to be replaced by stevia-based sweeteners in this sector over the forecast period to cater consumers with diseases such as diabetes.

Another important segment of the market is pharmaceutical industry. Superior medicinal abilities such as its capacity to control obesity and blood pressure along with healing of injuries and wounds are presumed to open new growth opportunities soon.

Regional Insights

In terms of global volume share, Asia Pacific was the major market which accounted for 35.3%. Stevia-based sweeteners has been a substantial part of the diet regime of consumers for a significant period which resulted in the broad acceptance in these countries such as South Korea, China, and Japan. Developing nations such as Malaysia, India, Indonesia, and Thailand are predicted to be the important markets for stevia on account of the growing food and beverage industry.

North America and Europe are anticipated to experience a substantial growth at CAGR of 4.5% and 4.3% respectively, over the forecast period. Latest approvals by the FDA regarding the product will have a positive impact on the total market and thus improve the penetration of stevia-based products.

Competitive Insights

With extensive coverage areas and large manufacturing capacities, the market is dominated by a limited number of players. On account of a firm foothold in application sector together with essential infrastructure for research and development, Evolva Holding S.A, GLG Life Tech Corp., Tate & Lyle Plc., Pure Circle Ltd. and Cargill Inc., are projected to lead the market.

The crucial features of the market are expected to be product innovation and the establishment of strategic partnerships with farmers and cultivators along with mergers and acquisitions. Archer Daniels Midland (ADM) Company partnered with GLG Life Tech Corp. to industrialize and distribute stevia-based products in July 2016.

Access Full Research Report @ https://www.millioninsights.com/industry-reports/stevia-market

[themarketresearchtrends-blog]

Stevia Market Segmentation, Scope & End-Use Outlook by 2024

23 Oct 2018 - In 2015, the Global Market Size For Stevia was estimated at USD 337.7 million. Rising popularity of stevia owing to its superior sweetening properties, and its ability to restrict any contrary effects on the fitness of the consumers is thrusting the industry growth over the next nine years. The food sector is expected to remain one of the most vital segments of this market owing to the increasing demand for low-calorie substitute products. The increase in consumer awareness concerning consumption of healthy nourishment will ultimately lead to the rise in the penetration of stevia in confectionary and bakery products.

Promotion to use stevia in different forms such as powered and dried drives the positive perception of the food and beverage sector in countries such as Vietnam, Singapore, China, South Korea and Japan on account of growing acceptance of stevia-based compounds and new product launches. In addition, the rise in the awareness of consumers towards fitness routine has also caused various carbonated drink producers which consist of The Coca-Cola Company to announce the stevia based product in their product line of soft drinks, which also helped them to widen their consumer base.

The approval from the EU Commission and the U.S. FDA which resulted in optimistic regulatory outlook is presumed to be a crucial factor fueling the growth of stevia market soon. The favorable atmosphere and consumer awareness concerning the advantages of natural sweeteners have influenced large-scale production in APAC and Latin America which resulted in an acceptance of compounds based on stevia in nations such as South Korea, Japan, and Brazil.

Product Insights

In terms of total volume, the beverage was the primary application industry accounting for over 34.8% in 2015.

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Increasing demand for juices, carbonated drinks, and low-calorie beverages is anticipated to cause the expansion of stevia market over the next nine years.

A significant share of 22.2% global volume for tabletop sweeteners was projected as the third major industry. Artificial sugar is expected to be replaced by stevia-based sweeteners in this sector over the forecast period to cater consumers with diseases such as diabetes.

Another important segment of the market is pharmaceutical industry. Superior medicinal abilities such as its capacity to control obesity and blood pressure along with healing of injuries and wounds are presumed to open new growth opportunities soon.

Regional Insights

In terms of global volume share, Asia Pacific was the major market which accounted for 35.3%. Stevia-based sweeteners has been a substantial part of the diet regime of consumers for a significant period which resulted in the broad acceptance in these countries such as South Korea, China, and Japan. Developing nations such as Malaysia, India, Indonesia, and Thailand are predicted to be the important markets for stevia on account of the growing food and beverage industry.

Browse Full Research Report @                                                       https://www.millioninsights.com/industry-reports/stevia-market

North America and Europe are anticipated to experience a substantial growth at CAGR of 4.5% and 4.3% respectively, over the forecast period. Latest approvals by the FDA regarding the product will have a positive impact on the total market and thus improve the penetration of stevia-based products.

Competitive Insights

With extensive coverage areas and large manufacturing capacities, the market is dominated by a limited number of players. On account of a firm foothold in application sector together with essential infrastructure for research and development, Evolva Holding S.A, GLG Life Tech Corp., Tate & Lyle Plc., Pure Circle Ltd. and Cargill Inc., are projected to lead the market.

The crucial features of the market are expected to be product innovation and the establishment of strategic partnerships with farmers and cultivators along with mergers and acquisitions. Archer Daniels Midland (ADM) Company partnered with GLG Life Tech Corp. to industrialize and distribute stevia-based products in July 2016.

See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/food-and-beverage