Stevia Market Is Expected To Witness Growth At 5.7% CAGR In Asia Pacific From 2016 To 2024: Grand View Research, Inc.

Stevia Market Forecast To Reach $556.7 Million By 2024
“The global stevia market is expected to reach USD 556.7 million by 2024. Increasing
penetration of stevia in the beverage segment, especially in carbonated drinks, will
be a crucial factor determining the growth of the industry over the forecast period”
The global stevia market is expected to reach USD 556.7 million by 2024,
according to a new report by Grand View Research, Inc. Stevia is used in beverages,
food, pharmaceuticals and tabletop sweeteners on account of its superior properties
such as higher levels of sweetness without affecting blood pressure. This factor is
projected to have a positive impact on the overall sugar sweetener market over the
forecast period.
Increasing penetration of stevia in the beverage segment, especially in carbonated
drinks, will be a crucial factor determining the growth of the industry over the forecast
period. Major health concerns related to sugar consumption and the rising prices of
sugar has also influenced consumers to look into various alternatives which have
helped in promoting demand for the sweetener over the past few years.
Follow Us:
Detailed Research Report available at:
http://www.grandviewresearch.com/industry-analysis/stevia-market
Further key findings from the report suggest:

The food sector is expected to remain a potential segment for growth owing to
increasing application of stevia as a sweetening agent in chocolates, baked
foods, biscuits, soft drinks, candies, soda and jams. It is expected to be the
second largest segment in the global market accounting for 25.5% in terms of
volume in 2015.

The beverage segment is projected to witness the fastest volume growth at a
CAGR of 5.8% from 2016 to 2024. Several soft drink manufacturers are
introducing products containing stevia, for health conscious consumers and
diabetic patients. Rising consumer awareness regarding the benefits of stevia on
account of strategic marketing by manufacturers is expected to drive the growth
of the market over the forecast period.

Stevia is increasingly being used in herbal medicines and tonics for patients
suffering from diabetes. The antibacterial and anti-fungal properties of stevia
leaves is yet to realize its full potential and will remain a major factor in
influencing growth over the next eight years.

Asia Pacific is expected to foresee a volume growth at a CAGR of 5.7% from
2016 to 2024. This increase is attributed towards the growing demand from the
food & beverage industry in the emerging markets including China and India.
Furthermore, South Korea and Japan have a higher adoption rate of steviabased compounds and have made a positive impact on the overall industry.

Major stevia manufacturers include PureCircle Ltd, GLG Life Tech Corp, Stevia
Corporation, Stevia First Corporation and Evolva Holding S.A. Some other key
players include Cargill Inc, Ingredion Inc., and Tate & Lyle Plc. In July 2016,
Follow Us:
PureCircle Ltd. invested USD 100 million in developing the stevia agronomy
program.
Read our blog on food and beverages industry:
http://www.grandviewresearch.com/blogs/food-and-beverages
Table of content of global stevia market research report:
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Source
1.4 List of Abbreviations
Chapter 2 Executive Summary
Chapter 3 Market Summary
Chapter 4 Market Variables, Trends & Scope
4.1 Market segmentation & scope
4.2 Penetration & growth prospect mapping
4.3 Raw material outlook
4.3.1 Stevia rebaudiana
4.4 Technology overview
Follow Us:
4.5 Value chain analysis
4.6 Regulatory framework
4.6.1 European Food Safety Authority (EFSA)
4.6.2 European Commission
4.6.3 Food Standards Australia New Zealand (FSANZ)
4.6.4 Joint FAO/WHO Expert Committee on Food Additives (JECFA)
4.7 Stevia market dynamics
4.7.1 Market driver analysis
4.7.1.1 Increasing demand for low calorie sweeteners
4.7.1.2 Growing demand for organic food products
4.7.2 Market restraint analysis
4.7.2.1 Low adoption rate
4.8 Stevia market Porter’s analysis
4.9 Stevia - PESTEL Analysis
4.10 High Impact Factors
4.10.1 Market insights
Chapter 5 Market Categorization 1: Application Estimates & Trend Analysis
Follow Us:
5.1 Application Movement Analysis & Market Share, 2015 & 2024
5.2 Beverage
5.2.1 Market estimates and forecasts, 2013 - 2024
5.3 Food
5.3.1 Market estimates and forecasts, 2013 - 2024
5.4 Pharmaceutical
5.4.1 Market estimates and forecasts, 2013 - 2024
5.5 Tabletop sweeteners
5.5.1 Market estimates and forecasts, 2013 - 2024
5.6 Others
5.6.1 Market estimates and forecasts, 2013 - 2024
Chapter 6 Market Categorization 2: Regional Estimates & Trend Analysis, by
Application
6.1 Regional Movement Analysis & Market Share, 2015 & 2024
6.2 North America
6.2.1 Market estimates and forecast, 2013 - 2024
6.2.2 Market estimates and forecast, by application, 2013 - 2024
Follow Us:
6.2.3 U.S.
6.2.3.1 Market estimates and forecast, 2013 - 2024
6.2.3.2 Market estimates and forecast, by application, 2013 - 2024
6.3 Europe
6.3.1 Market estimates and forecast, 2013 - 2024
6.3.2 Market estimates and forecast, by application, 2013 - 2024
6.3.3 Germany
6.3.3.1 Market estimates and forecast, 2013 - 2024
6.3.3.2 Market estimates and forecast, by application, 2013 - 2024
6.4 Asia Pacific
6.4.1 Market estimates and forecast, 2013 - 2024
6.4.2 Market estimates and forecast, by application, 2013 - 2024
6.4.3 China
6.4.3.1 Market estimates and forecast, 2013 - 2024
6.4.3.2 Market estimates and forecast, by application, 2013 - 2024
6.4.4 Japan
6.4.4.1 Market estimates and forecast, 2013 - 2024
Follow Us:
6.4.4.2 Market estimates and forecast, by application, 2013 - 2024
6.4.5 South Korea
6.4.5.1 Market estimates and forecast, 2013 - 2024
6.4.5.2 Market estimates and forecast, by application, 2013 - 2024
6.5 Latin America
6.5.1 Market estimates and forecast, 2013 - 2024
6.5.2 Market estimates and forecast, by application, 2013 - 2024
6.5.3 Brazil
6.5.3.1 Market estimates and forecast, 2013 - 2024
6.5.3.2 Market estimates and forecast, by application, 2013 - 2024
6.6 MEA
6.6.1 Market estimates and forecast, 2013 - 2024
6.6.2 Market estimates and forecast, by application, 2013 - 2024
Chapter 7 Competitive Landscape
7.1 Competitive environment, 2015
7.2 Vendor landscape
Chapter 8 Company Profiles
Follow Us:
8.1 Evolva Holding S.A.
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2 Cargill, Inc.
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.3 Stevia Corporation
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.4 PureCircle Ltd.
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
Follow Us:
8.4.4 Strategic initiatives
8.5 Ingredion Inc.
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.5.4 Strategic initiatives
8.6 Tate & Lyle Plc
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.7 The Coca-Cola Company
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Product Benchmarking
8.8 GLG Life Tech Corp.
8.8.1 Company Overview
8.8.2 Financial Performance
Follow Us:
8.8.3 Product Benchmarking
8.8.4 Strategic Initiatives
8.9 PepsiCo Inc.
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Product Benchmarking
8.10 Stevia First Corporation
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Product Benchmarking
8.10.4 Strategic Initiatives
Follow Us:
About Grand View Research, Inc.:
Grand View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, the company offers
market intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: [email protected]
Web – http://www.grandviewresearch.com/
Follow Us:

The global stevia market is expected to reach USD 556.7 million by 2024, according to a new report by Grand View Research, Inc. Stevia is used in beverages, food, pharmaceuticals and tabletop sweeteners on account of its superior properties such as higher levels of sweetness without affecting blood pressure. This factor is projected to have a positive impact on the overall sugar sweetener market over the forecast period. Click here - http://www.grandviewresearch.com/industry-analysis/stevia-market

Download Report