Pune, India, February 20, 2019 -- /360iResearch/ -- The report "Global Stevia Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 410.85 million in 2017 and is projected to reach USD 720.23 million by 2024, growing at a CAGR of 8.35% from 2017 to 2024.
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The major forces driving the growth of the stevia market include the soaring demand for low-calorie sweeteners owing to health benefits and increase application in the beverage industry. Moreover, rising demand for plant-based natural sweetener ingredient growing number of obese and diabetic people and supportive regulatory framework are also some of the factors that are driving the market growth. However certain factors such as the availability of counterfeit low-calorie sweeteners may hinder the market growth. In the middle of difficulty lies opportunity such as the growing use in sports nutrition products. The possible challenges for the market growth is fluctuation in stevia leaf prices. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on form, the global stevia market is studied across Leaf, Liquid, and Powder. Based on application, the global stevia market is studied across Bakery & Confectionery, Beverages, Dairy Products, Dietary Supplements, and Pharmaceuticals. Based on geography, the global stevia market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the stevia market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Archer Daniels Midland Company, Biosweet Ventures, Cargill, Incorporated, Evolva Basel, GLG Life Tech Corporation, Ingredion Incorporated, Jhanil Healthcare Pvt. Ltd., Jining Aoxing Stevia Products Co., Ltd., Morita Kagaku Kogyo Co., Ltd., Purecircle Ltd, Purevia, Pyure Brands LLC, Real Stevia Company, S&W Seed Company, Stevia Biotech Pvt. Ltd., Stevia Corp, Stevia First Corporation, Steviaone SA, Stévial, Sunwin Stevia Internaional Inc., Sweet Green Fields LLC, Tate & Lyle PLC, Van Wankum Ingrediens, and Zhucheng Haotian Pharmaceutical Co., Ltd..
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