According to a new market report published by Credence Research “Food & Beverage Stevia Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the food & beverage stevia market has been estimated to be valued at US$ 145.5 Mn by the end of 2016, and is expected to reach US$ 251.4 Mn by 2023, expanding at a CAGR of 8.1% from 2016 to 2023.
Stevia is basically a sweetener as well as substitute of sugar which is extract from the leaves of stevia plant. It holds an important place under sweetener segment due to its varied advantages such as significant protein ingredient and low calorie. The increasing awareness about health advantages related to stevia has led to extensive utilization of stevia in food and beverages sector. The most active and major compounds available in stevia are known as rebaudioside A and stevioside which are highly responsible for its sweetness. Stevia has been utilized in various countries of Latin America such as Brazil and others. It is a 100% natural and zero-calorie sweetener which is 200 times sweeter than sugar and is utilized for health related problems. Apart from this, it is highly suitable for diabetic patients as well due to its low glycemix index as it does not impact the blood sugar levels. Rising disposable income and changing lifestyle in developing countries as well as maintaining a proper health is anticipated to expand the growth of global food and beverage stevia market till 2023.
Increasing consumption of low calorie sugars due to rising health consciousness is anticipated to foster the growth of food and beverage stevia market over the forecast period. Apart from this, favorable government regulations all across the globe is further expected to spur the growth of overall food and beverage stevia market during the period 2016-2026. Escalating in demand for natural ingredient products and as well as antioxidants is likely to intensify the growth of global food & beverage stevia market during the period 2016-2023.
Browse the full Food & Beverage Stevia Market by Extract Type, and Geography – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/food-and-beverage-stevia-market
Food & Beverage Stevia market is segmented on the basis of extract type such as liquid extract, powder extract and leaf extract. In 2015, powder extract segment contributed the highest revenue share in the total food & beverage stevia market. Powder segment is further sub-divided on the basis of glycosides, stevia blends ad sweet glycosides. On the other liquid extract is also bifurcated by dark liquid and clear liquid extract. The liquid extract is anticipated to expand at a robust CAGR over the forecast period. This is due to expected increase in consumption of liquid stevia as well as rising usage as table top sweetener. In food and beverages sector, stevia is majorly utilized in desserts, confectionery, fortified foods and beverages, jellies and snack food. The utilization of stevia has showcased an inclination in these products over the past few years as it brings sweetness to the products with very miniscule calories.
- Product visibility in modern retail formats
- Demand for low calorie beverages
Natural Food Colors Market By Product Type (Natural Food Colors, Carotenoids, Anthocyanin, Chlorophyll, Spirulina Extract, Annatto, Curcumin, Paprika), By Application (Food & Beverages, Pet Food, Carbonated Soft Drinks & Non-Alcoholic Beverages, Alcoholic Beverages) – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Web: Credence Research
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Address:105 N 1st ST #429
City: SAN JOSE
Country: United States