Fatpos Global has released a report titled “Stevia Extract Market - Analysis of Market Size, Share & Trends for 2021 – 2022 and Forecasts to 2032” which is anticipated to reach USD 1,744.9 million by 2032. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 9.2% between 2022 and 2032. According to the market research study, stevia is almost 200 times sweeter when compared to sugar. It is a zero-calorie sweetener and does not possess any toxic effects on the human body. A shift is seen among consumers, away from the artificial sweeteners towards the natural sweeteners will boost the Stevia Extract Market. Stevia is a substitute of sugar and is a flavoring substance that is derived organically, a zero-calorie, non-fermenting, heat-stable, highly soluble, tooth-friendly, photo (light)-stable, and shelf-stable
“The powdered form of stevia has advantages due to ease of its availability, convenient usage, and ability to be added into several food-based applications which is propelling the market growth. The remarkable taste profile and intensity of sweetness Stevia has and demand for natural ingredients and antioxidants is an additional factor which will create opportunities for the market growth.” said a lead analyst at Fatpos Global.
Stevia is being traditionally cultivated for more than centuries; however, it got the reputation of being a safe alternate for sugar only in the recent past. Stevia is a natural sweetener, even in small portions, can create the required sweet taste. It has low calories than sugar-based sweeteners, making it a zero-calorie sweetener. Diabetes, Obesity and metabolic syndrome have attained a major public health concern associated with intake of imbalanced calorie. Stevia plays an essential role in reducing calories as part of an overall healthy diet and physical activity regimen to reduce these conditions.
Stevia Extract Market is classified based on the Type into Powder, Liquid and Leaf. The Powder Stevia is the dominant segment. It is also estimated to increase during the forecast period. The powdered form of stevia has a significant market share, due to the ease of its availability, convenient usage, and ability to be added into several food-based applications. They are available in Fiber and sold in bulk or packets.
Some of the key players operating in the Stevia Extract Market are Archer Daniels Midland Company, Glg Life Tech Corp, Tate & Lyle, Morita Kagaku Kogyo Co. Ltd, Guilin Layn Natural Ingredients Corp, Ingredion Inc, Biolotus Technology Lasa Inc., Sunwin Stevia International Inc, The Real Stevia Company AB, S&W Seed Company, Arboreal Stevia, Cargill Incorporated and Other Prominent Players.
In the latest market study conducted by Fatpos Global thrives to present an unbiased analysis of the Stevia Extract Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2022-2032. The study includes compelling insights into growth that is witnessed in the market. Stevia Extract Market is classified based on the Type into Powder, Liquid, and Leaf. Stevia Extract Market is classified based on the Application into Beverages, Food, Pharmaceuticals, and other applications. Stevia Extract Market is classified based on the Nature into Conventional, Organic. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.
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