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Stevia Market is Booming Worldwide | PureCircle, GLG Life Tech Corp, Julong High-tech

The Latest Released Stevia market study has evaluated the future growth potential of Global Stevia market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Stevia market. The study includes market share analysis and profiles of players such as PureCircle, GLG Life Tech Corp, Julong High-tech, Biolotus Technology, Haotian Pharm, Cargill-Layn, Haigen Stevia, Sunwin Stevia, Shangdong Huaxian Stevia, Merisant, Jining Aoxing Stevia Products, Tate & Lyle, Shandong Shengxiangyuan, Daepyung, GL Stevia, Morita Kagaku Kogyo, Ingredion, Stevia Sweetener, Wagott Pharmaceutical, Wisdom Natural Brands, Stevia Natura

The global Stevia market was valued at 614.5 million in 2021 and is projected to reach US$ 1137.1 million by 2028, at a CAGR of 8.4% during the forecast period.

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Stevia is a naturally sweet-tasting plant native to Paraguay and Brazil but is also grown in Japan and China. This plant is used as a non-nutritive sweetener and herbal supplement which contains little or no calories. It is a healthful alternative to added sugar in many meals and beverages.

Furthermore, the global consumption of sugar amounted to 172.6 in 2018/2019 and is projected to increase to about 171.8 million metric tons by 2020/2021. With the increase in world trade, better agricultural technology, among other reasons, sugar is cheaper and more widely available than ever. In 2018/2019, about 188.25 million metric tons of sugar was produced worldwide, up from 164.7 million metric tons of sugar in 2015/2016. India consumes the most sugar of any country, followed by the European Union and China. In the ten years between 2016 and 2026, the global price of sugar is expected to decrease from 0.17 U.S. dollars per pound to 0.14 U.S. dollars per pound. Though this means that sugar might be even more readily accessible and affordable in the future, this could lead to further global health problems associated with excess sugar consumption. Owing to these facts, there is a surge in no. of people inclining towards the adoption of a healthy lifestyle which further boosts the growth of the stevia market globally.

Major Highlights of the Stevia Market report released by DLF

Market Breakdown by Product:

Reb-A Series, STV Series, Glucosyl Stevia.

Market Breakdown by End User:

Food, Beverage, Pharmaceutical, Daily Chemical.

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Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry.

SWOT Analysis on Stevia Players

In additional Market Share analysis of players, in-depth profiling, product/service and business overview, the study also concentrates on BCG matrix, heat map analysis, FPNV positioning along with SWOT analysis to better correlate market competitiveness.

Demand from top notch companies and government agencies is expected to rise as they seek more information on latest scenario. Check Demand Determinants section for more information.

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FIVE FORCES & PESTLE ANALYSIS:

In order to better understand Market condition five forces analysis is conducted that includes Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry.

-Political (Political policy and stability as well as trade, fiscal and taxation policies)

-Economical (Interest rates, employment or unemployment rates, raw material costs and foreign exchange rates)

-Social (Changing family demographics, education levels, cultural trends, attitude changes and changes in lifestyles)

-Technological (Changes in digital or mobile technology, automation, research and development)

-Legal (Employment legislation, consumer law, health and safety, international as well as trade regulation and restrictions)

-Environmental (Climate, recycling procedures, carbon footprint, waste disposal and sustainability)

Strategic Points Covered in Table of Content of Stevia Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Stevia market

Chapter 2: Exclusive North America accounted for the largest share in the Stevia market in 2022 owing to the increasing collaboration activities by key players over the forecast period – the basic information of the Stevia Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Stevia

Chapter 4: Presenting the Stevia Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region

Chapter 6: Evaluating the leading manufacturers of the Stevia market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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