The global stevia market size was valued at USD 548.9 million in 2023 and is poised to grow at a significant CAGR of 9.7% during the forecast period 2024-30. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and is further split by nations and categories within each region. The research also includes factors and barriers to the stevia market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global stevia market segmentation:
1) By Type: Conventional Stevia and Next Gen Stevia
2) By Extract: Whole leaf, Powdered and Liquid
3) By Application: Sweeteners, Beverages, Dairy, Bakery and confectionery, Convenience food, Pharmaceuticals, Packaged Food Products, Snacks and Others
4) By Label: Organic certified and Regular
5) By Form: Dry form and Liquid form
6) By Distribution channel: Online and Offline
The primary factors of the stevia market drivers are rising consumer inclination toward clean label and organic stevia. The stevia market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The stevia market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the stevia market report, accounting for the highest share in 2022. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by the stevia market key players are Archer-Daniels-Midland Company, Cargill Incorporated, GLG Life Tech Corporation, Guilin Layn Natural Ingredients Corp., Hunan NutraMax Inc., Ingredion Incorporated, Morita Kagaku Kogyo Co. Ltd., Pyure Brands LLC, Sunwin Stevia International Inc, Tate & Lyle PLC, The Real Stevia Company AB, Wisdom Natural Brands, Zhucheng Haotian Pharm Co. Ltd. is covered here to help them in strengthening their place in the market.
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