North America Stevia Market Share, Size Global Future Trend, Segmentation, Business Growth, Top Key Players Analysis Industry, Opportunities and Forecast to 2023
Posted on Dec 1 2021 8:55 AM
"The North America Stevia Market is segmented by type, application and region. The research covers the current and historic North America Stevia market size and its growth trend with company outline of Key players. "
Global North America Stevia Market report highlights association dynamics and in-depth analysis of the market segment with concentrating on factual data, present industry activities, growth opportunities, new product inventions, and market forecast for the future prospective of time along with leading market players, market study based on several regions, and extensive product. North America Stevia Market report can function as an assistive reference point for helping individuals as well as businesses from this segment. The leading industry players across the globe are explored in detail in this report. It demonstrates product overview, company summary, and manufacturing cost, capacity, and market shares for most of the participants.
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North America Stevia Market report features basic market situations, Product limit, consumption volume, and limit applications. Moreover, the report illuminates the SWOT analysis that should be done by the customers so as to know the Strength, Weaknesses, Opportunities, and Threats of the North America Stevia industry. It likewise centers around venture practicability investigation, speculation return analysis and different ways to deal with the addition a considerable position in the North America Stevia Market.The North America Stevia Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments.
The report focuses on regional development status, which includes the market size, share, and volume. The North America Stevia Market report presents some of the key data, which would help the stakeholders in the industry besides the analysts and business decision makers. Production, consumption, cost, gross margin, revenue, market share and factors influencing market and CAGR has found its place in the report.
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The North America stevia market was valued at USD 136.91 million in 2016 and is estimated to grow at a CAGR of 9.19% during the forecast period, 2018-2023. Consumers have started showing interest in knowing the ingredients present in their foods, thus demanding clean label products. Most of the food manufacturers are responding to this new trend among consumers by developing products with lower sugar and lower calorie content and that are natural such as stevia.
Rising Demand for Low-Calorie and Natural Food Products
The demand for clean label or natural food products is rising due to growing consumer awareness towards health effect of artificial ingredients. Stevia is the only natural high intensity sweetener that fits best to zero/reduced calorie or no calorie food products. The new product launch focusing stevia is trending in the sweeteners market to address growing obesity. As per the industry leader Cargill, during 2012 to 2013 stevia sweetener was used in 1200 products of which, 700 products were launched in 2013.
Stevia has struggled over the years for regulatory approval for its safe use in food & beverage product. It is one of the most controversial food ingredient due to its ban by regulatory bodies and re-approval. FSSAI has approved its usage as food additive in Nov 2015 which is driving the stevia based product market.
Powder Stevia is the most used by form
Since extracted stevia powder is so intensely sweet, it serves the sweetening purpose appropriately. The white powdered extract form in which stevia is primarily used as a sweetener is approximately 200 to 300 times sweeter than sugar. The liquid form of stevia has been used in quick recipes. Liquid stevia flavours are strong, especially in a no bake recipe.
For commercial scale application, liquid stevia is preferred, as they are concentrated and very less quantity is required. Demand for free liquid stevia is growing at a greater pace. Stevia is widely used in various applications where bakery holds a prominent share of 23% in North America.
U.S Dominated the North America Stevia Market
The increasing number of diabetic consumers is also a driver for the consumption of stevia and US has almost 29 million diabetic people. This number is expected to grow further in the future. Most prominent beverage companies such as Coca Cola and PepsiCo in U.S have already incorporated stevia in their beverages as a sweetener. Stevia is not considered safe is various countries, but the Canada and Mexico government health associations added stevia as to its list of permitted sweeteners to be used as a table top sweetener this incased the consumption. Powered stevia accounted for about 63% of the total revenue in 2016 in Canada.
Major Players: CARGILL, PURECIRCLE, GLG LIFE TECH, TATE & LYLE, ADM, COCA-COLA, CUMBERLAND PACKING, PEPSICOM, NESTLE, INGREDION, FLAVOR HOLDING
April 2017: Evolva has collaborated with Cargill for the production and commercialization of stevia based sweetener EverSweetTM. The product is expected to launch in 2018
July 2017: Purcircle has launched stevia leaf based flavor enhancer for application in food products at manageable price range
July 2017: Tate & Lyle has partnered with Sweet Green Fields to strengthen its stevia product portfolio at Drinktech 2017. The company has a significant presence in beverage industry and sweetener products.
Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porterâ€™s five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet in excel.
Customization of the Report
Value chain analysis
Volume of the North America stevia market by type, application and geography
Consumer behavior analysis in country level
Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global North America Stevia Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of North America Stevia.
Regional Market Analysis:
The North America Stevia Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global North America Stevia Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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- Growing research activities coupled with new product launches.
- High Opportunity in the Industry
- Complications associated with North America Stevia procedures.
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
6.2.2 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
6.2.4 South America
220.127.116.11 Rest of South America
6.2.5 Middle East & Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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