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The global stevia market will show simulating CAGR in the forecast period from 2020-2027. It contains no carbohydrates or calories and does not cause spikes in blood sugar levels; stevia is considered safe for diabetic people. Stevia extract deemed to be safe and used in food and beverages as food additives.
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Moreover, stevia has its natural sweetener extract used for sweetened foods and beverages are most likely healthier than similar items made with artificial sweeteners such as aspartame. Since its discovery, stevia has brought a significant impact on the world’s sweetener industry with its unique advantages and an irresistible trend. It has penetrated all sugar-using fields in the form of sugar substitutes, promoting the sweetener industry to natural health care, and green development.
Furthermore, sativoside is used in combination with citric acid or glycine to have a good taste; it is right in taste when combined with other sweeteners such as sucrose and fructose. It is not absorbed after consumption and does not generate heat energy, so it is an excellent natural sweetener for patients with diabetes and obesity.
Product Form Overview in the Global Stevia Market
Based on product forms, the global stevia market segmented into Powder, Liquid, Leaf. The liquid segment has captured the highest market share for the global stevia market in the forecast period from 2020-2027. Due to natural sweetener essence, it widely used in many industries, and it’s zero calories have also increased its demand in the food and beverage industry. The liquid form of this herb is called Liquid Stevia. Unlike other artificial sweeteners, stevia does not leave an aftertaste in liquid form, and these are just a few of the benefits of stevia. Liquid stevia is known to be able to withstand high temperatures, which is why you can safely use it in the sugar process rather than baking and cooking.
Application Overview in the Global Stevia Market
Based on the Application, the global stevia market classified into Bakery, Dairy Food Products, Beverages, Dietary Supplements, Confectionery, Others. The Beverages segment has a significant market demand in the global stevia market. Stevia’s use for preventive healthcare made into a variety of health foods, health drinks, and drugs, which can play a therapeutic and alleviating role in a specific disease. Stevia sugar used to replace part of sucrose, such as beverages (soda, juice, dairy products, fresh milk, black tea, coffee, etc.), frozen food products, such as ice cream. Thus, the beverages have emerged market demand of the global stevia market.
Region Overview in the Global Stevia Market
Based on geography, the global stevia market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific region is going to bolster its growth in the forecast period from 2020-2027. With the development of the food and beverage industry, and coupled with increased demand for convenience foods, low-calorie drinks, and table sweeteners, coupled with rising disposable income levels and preferences for western dietary habits.
Global Stevia Market: Competitive Landscape
Companies such as Evolva Holding S.A., Stevia Corporation, Cargill Inc., Ingredion Incorporated, PureCircle Ltd., The Coca-Cola Company, Tate & Lyle plc, Pepsico Inc., GLG Life Tech Corp. and Stevia First Corporation and others are key players in global stevia market.
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