Global Stevia / Stevia Rebaudiana Market (2013-2018): By Types (Liquid & Powdered); By Application (Dairy, Bakery, Canned Food, Beverages & Others) and By Geography
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The global Stevia market has been analyzed with respect to different parameters such as supply, demand, end users and industries involving Stevia to produce zero calorie products. Their high sugar ...
The global Stevia market has been analyzed with respect to different parameters such as supply, demand, end users and industries involving Stevia to produce zero calorie products. Their high sugar content with zero calories as compared to other sweeteners has created a demand for them across the world. The Stevia market is bifurcated into key sweetening ingredients and extracts. Further sub segmentation is also provided to give a clear view of the form in which Stevia is consumed.
Stevia is considered to be a natural sweetener and consumers are looking forward to its use in food products due to additional health benefits. Although sugar (sucrose) has dominated the sweetening market, its importance is getting reduced due to the soaring rates of production. Therefore, both food processing industry and consumers are looking for another viable sweetening option such as Stevia.
United States and Japan are the leading economies of world with 60% share in global Stevia consumption while China with 80% share is the world leader in production and extraction of Stevia leaves.
The rise in global Stevia products crossed 150% mark in the beginning of this decade and is going to expand with recent EU clearings on low-sugar products. Stevia is gradually replacing sweetening agents in Food & Beverage Industry.
According to WHO estimates, Stevia has the potential to replace 20-30% of all dietary sweeteners in the coming years. With a CAGR of 6% the expected revenue from Stevia ingredients and its products will be between $8 billion-$11 billion by 2015.
Analyzing the competitive landscape of the global Stevia market for 2013 IndustryARC is of the opinion that PureCircle Ltd. is the world leader in production, marketing and distribution of Stevia ingredients while Coca Cola Co., Cargill Inc., Pepsi Co. are leading manufacturers and incorporators of Stevia ingredients. Together these companies hold more than 50% of Stevia market share in US.
For more information go tohttp://industryarc.com/Report/103/stevia-food-beverages-market.html
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