#Stevia #Market #Revenue #Exceed #US1621
London, Oct. 26, 2022 (GLOBE NEWSWIRE) — Fairfield Market Research recently released a new report on global stevia market that assesses and forecasts the market growth between 2022 and 2029. The report suggests that the worldwide stevia sales will remain upbeat throughout the period of projection, majorly driven by the soaring nutraceuticals consumption. Besides, beverages remain the key category for stevia manufacturers. While the market size was around US$780 Mn in 2021 and will possibly reach over US$1,621 Mn by the end of 2029, the report forecasts 9.6% growth for the market during the stipulated tenure. The global sugar reduction fallout will continue to be among the key driving forces for growing popularization of healthy artificial sweeteners, in turn accelerating the expansion of stevia market.
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Key Research Insights
- Global stevia market will expand more than 2x in terms of value, between 2022 and 2029
- Stevia manufacturers continue to reap a significant benefit from rocketing adoption across beverage categories
- Asia Pacific remains at the forefront and is poised to exhibit 10.7% toward 2029 end
Insights into Segmental Analysis
The report suggests that the stevia market participants will continue to discover the most profitable opportunities across food and beverages industry as stevia gains stronger traction for its superiority in terms of texture, sweetness, flavour, mouthfeel, colour, crystallization, and shelf-life. Dairy, beverages, and bakery and confectionary will especially remain the prominent application sgements. Stevia has predominantly garnered attention of dairy industry, which prevails in line with the evolving and rapidly innovating dairy product lines. Consistently surging rate of adoption across beverage categories such as juices, sodas, and flavoured water varieties is expected to further heighten the prospects of stevia…
Read on GNW: Stevia Market Revenue to Exceed US$1,621 Mn Through 2029
