Future Market Insights (FMI) delivers incisive insights into emerging regions in its latest report titled, “Global Stevia Extracts Market - Market Analysis and Opportunity Assessment, 2014 – 2020”. The report states that the global stevia extracts market is expected to account for US$ 565.2 Mn by 2020.
Market Drivers/Restrains
The global stevia market is driven by factors such as shift in consumer preference for natural sweeteners, growing need for effective alternatives for artificial sugar-based products owing to changing consumer lifestyle, favourable policies from government and other food and beverages authorities, and increasing demand for low-caloric plant-based sweeteners. Shift in consumer preference for natural sweeteners is a key factor driving growth of this market. Additionally, increasing awareness through online marketing, and strengthening supply chain particularly in countries such as India, Brazil, and Russia are key factors fuelling the growth of stevia during the forecast period
Vipassa K, a FMI lead consultant, sheds light on why stevia extracts will become a mainstream ingredient in the global food and beverages industry in the near future. “Increasing demand for alternatives to synthetic or artificial sweeteners due to health concerns, coupled with rising demand for plant-based sweeteners is projected to fuel the growth of the global stevia extracts market over the next five years,” she said.
Browse Full: "Global Stevia Market Analysis and Opportunity Assessment, 2014 - 2020" Report at http://www.futuremarketinsights.com/reports/details/global-stevia-market
In addition, increasing consumer preference for products with natural ingredient and use of stevia extracts with other ingredient include monk fruit as a blend in various food and beverage products are expected to contribute to the growth of the global stevia extracts market over the forecast period.
Market Segments
The Global stevia extracts market is segmented on the basis of products, application, and region. According to the product type, the global stevia extracts market is sub-segmented into liquid, powdered and leaf form. Owing to ease of availability, the powdered stevia extracts sub-segment is expected to exhibit around 65.4% share of the total stevia extracts market by 2020. On the other hand, the liquid stevia extracts sub-segment is projected to witness 9.0% CAGR between 2014 and 2020. Considerable factors such as need for effective alternatives for artificial sugar-based products owing to changing consumer lifestyle, increasing product visibility in urban areas and approval by the U.S. Food and Drug Administration (FDA) for rebaudioside A as an ingredient in food products in European countries are projected to contribute to the growth of the global stevia extracts market during the forecast period.
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By application type, the global stevia extracts market is segmented into dairy, bakery, confectionary, beverages, packaged food, snacks, and others. The global stevia extracts market is projected to exhibit a significant growth by 2020. This growth is attributed to increasing acceptance of such products due to growing modern retail, urbanization, awareness and health concerns, and changing consumer’s preference towards natural sweeteners. Furthermore, the stevia extracts are finding increasing application in soft drinks and juices, ice creams and various other products due to its high-intensity natural sweetness properties. As a result, the stevia extracts market is expected to account for around 15% share of the overall sweetener market by 2020.
Region-wise, North America is projected to be a largest contributor to the global stevia extracts market by 2020, followed by Asia Pacific and Latin America. However, MEA region is also expected to emerge as a potential market by 2020. This is attributed to increasing disposable income and modern retail infrastructure supporting demand for stevia based products in the region.
Competitive Landscape
Key players in the global stevia extracts market are Cargill Inc., GLG Life Tech Corporation, Evolva Holding SA, Tate & Lyle Plc, Ingredion Inc
About Us
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research.
Contact
Ms. Shibboo Singh
3rd Floor,
207 Regent Street,
London - W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
Email: sales@futuremarketinsights.com
Website: Future Market Insights
Media Center: Market Research Consulting Services
Market Drivers/Restrains
The global stevia market is driven by factors such as shift in consumer preference for natural sweeteners, growing need for effective alternatives for artificial sugar-based products owing to changing consumer lifestyle, favourable policies from government and other food and beverages authorities, and increasing demand for low-caloric plant-based sweeteners. Shift in consumer preference for natural sweeteners is a key factor driving growth of this market. Additionally, increasing awareness through online marketing, and strengthening supply chain particularly in countries such as India, Brazil, and Russia are key factors fuelling the growth of stevia during the forecast period
Vipassa K, a FMI lead consultant, sheds light on why stevia extracts will become a mainstream ingredient in the global food and beverages industry in the near future. “Increasing demand for alternatives to synthetic or artificial sweeteners due to health concerns, coupled with rising demand for plant-based sweeteners is projected to fuel the growth of the global stevia extracts market over the next five years,” she said.
Browse Full: "Global Stevia Market Analysis and Opportunity Assessment, 2014 - 2020" Report at http://www.futuremarketinsights.com/reports/details/global-stevia-market
In addition, increasing consumer preference for products with natural ingredient and use of stevia extracts with other ingredient include monk fruit as a blend in various food and beverage products are expected to contribute to the growth of the global stevia extracts market over the forecast period.
Market Segments
The Global stevia extracts market is segmented on the basis of products, application, and region. According to the product type, the global stevia extracts market is sub-segmented into liquid, powdered and leaf form. Owing to ease of availability, the powdered stevia extracts sub-segment is expected to exhibit around 65.4% share of the total stevia extracts market by 2020. On the other hand, the liquid stevia extracts sub-segment is projected to witness 9.0% CAGR between 2014 and 2020. Considerable factors such as need for effective alternatives for artificial sugar-based products owing to changing consumer lifestyle, increasing product visibility in urban areas and approval by the U.S. Food and Drug Administration (FDA) for rebaudioside A as an ingredient in food products in European countries are projected to contribute to the growth of the global stevia extracts market during the forecast period.
Send Enquiry: http://www.futuremarketinsights.com/askus/rep-gb-38
By application type, the global stevia extracts market is segmented into dairy, bakery, confectionary, beverages, packaged food, snacks, and others. The global stevia extracts market is projected to exhibit a significant growth by 2020. This growth is attributed to increasing acceptance of such products due to growing modern retail, urbanization, awareness and health concerns, and changing consumer’s preference towards natural sweeteners. Furthermore, the stevia extracts are finding increasing application in soft drinks and juices, ice creams and various other products due to its high-intensity natural sweetness properties. As a result, the stevia extracts market is expected to account for around 15% share of the overall sweetener market by 2020.
Region-wise, North America is projected to be a largest contributor to the global stevia extracts market by 2020, followed by Asia Pacific and Latin America. However, MEA region is also expected to emerge as a potential market by 2020. This is attributed to increasing disposable income and modern retail infrastructure supporting demand for stevia based products in the region.
Competitive Landscape
Key players in the global stevia extracts market are Cargill Inc., GLG Life Tech Corporation, Evolva Holding SA, Tate & Lyle Plc, Ingredion Inc
About Us
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research.
Contact
Ms. Shibboo Singh
3rd Floor,
207 Regent Street,
London - W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
Email: sales@futuremarketinsights.com
Website: Future Market Insights
Media Center: Market Research Consulting Services
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