Asia Pacific Stevia Market was worth USD 134.05 million in 2021 and is estimated to be growing at a CAGR of 11.1%, to reach USD 226.89 million by 2027.
The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the nutrition industry. Stevia has an important place in the sweeteners segment due to its advantages like low-calorie and high protein. Stevia has its special flavor and sweetness which is about 200 to 350 times more than normal sugar. Several food & beverage companies use stevia to enhance the taste of products without adding calories. Thus, stevia will be seen as a business opportunity in the coming five years. Also, many multinational companies have started venturing into the production of various types of stevia.
The Asia Pacific Stevia market is majorly driven by the growth in awareness of the health benefits of stevia and by providing profitable margins to distributors. Also, rising product visibility in retail, as well as product availability, is expected to improve the demand for stevia-based products amongst consumers across the globe. Stevia creation is a complex method, procuring raw material to get the final product is a major problem for companies in this market.
The Asia Pacific Stevia Market is segmented based on
Whole Leaf
Powdered
Liquid
Based on the Application
Dairy, Bakery & Confectionery
Tabletop Sweeteners
Beverages
Convenience Foods
Based on Form, the market is segmented into Dry, and Liquid.
China
India
Japan
South Korea
The region consists of many developing countries, majorly, China and India, and is thus expected to show substantial growth in coming years.
Nestlé S.A.
The Coca-Cola Company
PepsiCo Inc.
Cargill Inc.
Evolva Holding S.A.
PureCircle Ltd.
Stevia Corp.
Ingredion Inc.
GLG Life Tech Corp.
Tate & Lyle Plc
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