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Stevia Market Size Worth USD 1,185.0 Million by 2027 | CAGR of 9.6%: Emergen Research
VANCOUVER, B.C. , Oct. 29, 2020 /PRNewswire/ -- The Global is estimated to be worth USD 1,185.0 million by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the rising awareness among consumers regarding the adverse effects of sugar on health. Rising obesity and diabetes, coupled with the growing number of patients suffering from cardiovascular disease, is speculated to drive the demand for stevia-based sugar substitutes.
Growing preferences among consumers for plant-based sugar substitutes are most likely to propel the growth of the market over the forecast period. The zero calories and zero glycemic index characteristics of stevia are projected to increase its adoption. Moreover, the wide popularity of clean-labeling has also boosted the sales of stevia.
Growing government initiatives to promote the adoption of stevia-based sugar substitutes and reduce sugar intake is predicted to increase the demand for stevia. Governments in the U.S. and Europe are also providing support to the cultivation of stevia by drafting favorable regulations, which is likely to propel the industry's growth over the forecast period.
Emergen Research has segmented the Global Stevia Market on the basis of Product Form, Application, and Region:
1. U.S.
2. Canada
1. Germany
2. U.K.
3. France
4. BENELUX
5. Rest of Europe
1. China
2. Japan
3. South Korea
4. Rest of APAC
1. Brazil
2. Rest of LATAM
1. Saudi Arabia
2. UAE
3. Rest of MEA
By 3D Printer Type (Inkjet-based, Extrusion Base), By Ingredient (Fruits and Vegetables, Dough, Proteins, Dairy Products, Sauces, Carbohydrates), By Industry Vertical (Government, Commercial, Residential), and By Region, Forecasts to 2027
By Type (Preservatives, Sweeteners, Emulsifiers, Anti-Caking, Enzymes, Hydrocolloids, Food Flavors and Enhancers, Food Colorants, Acidulants), By Application (Bakery, Beverages, Dairy, Meet, Vegan), By Sales Channel (Online, Offline) and Regions Forecasts to 2027
By End User (Adults, Pregnant Women), By Application (Energy & Weight management), By Form (Powders, Tablets), By Ingredient (Vitamins, Protein), By Distribution Channel, Forecasts to 2027
By Origin (Artificial/Synthetic, Natural), By Type (Low-intensity sweeteners, High-intensity sweeteners), By Composition (Sugar Alcohols, Stevia, Saccharine, Sucralose) By Application (Beverage, Food), Forecasts to 2027
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