Latin America Stevia Market was worth USD 52.95 million in 2024 and is estimated to be growing at a CAGR of 8.6%, to reach USD 78 million by 2029
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 flavour 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 Latin America Stevia market is majorly driven by the growth in awareness of the health benefits of stevia and 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 being a complex method, procuring raw materials to get the final product is a major problem for companies in this market.
This Research Report on Latin America Stevia Market is segmented and sub segmented into following categories
Latin America Stevia Market By Extract Type
Latin America Stevia Market By Application
Latin America Stevia Market By Form
Latin America Stevia Market By Region
KEY PLAYERS IN LATIN AMERICA STEVIA MARKET
Key Players In Latin America Stevia Market Are 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.
Frequently Asked Questions
Rising health concerns related to sugar consumption and the prevalence of obesity and diabetes.
Food and beverages: including dairy products, bakery and confectionery, and soft drinks.
Whole leaf, Powdered, Liquid
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