Global Stevia Market Size, Share and Forecast to 2020, Future Market Insights

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Future Market Insights (FMI), with sharp focus on emerging regions, delivers key insights on the global stevia market in its recent report titled, “Global Stevia Market – Market Analysis and Opportunity Assessment, 2014 – 2020”. According to the report, the global stevia market is projected to grow at a single-digit CAGR during the forecast period, accounting for US $ 565.2 Mn by 2020. Shifting consumer preference for natural sweeteners is a major factor driving growth of this market. Additionally, stevia extracts are finding increasing application in soft drinks and juices, ice creams and various other products. This is attributed to its high-intensity natural sweetness properties. Due to these factors, share of the stevia market is expected to account for around 15% of the overall sweetener market by 2020.

The global stevia market is sub-segmented on the basis of type into liquid, powdered and leaf form. The powdered stevia sub-segment is projected to account for around 65.4% share of the total stevia market by 2020, owing to ease of availability and use. The liquid stevia sub-segment on the other hand, is expected to record a CAGR of around 9.0% during the forecast period.

Browse Full: "Global Stevia Market Analysis and Opportunity Assessment, 2014 - 2020" Report at http://www.futuremarketinsights.com/reports/details/global-stevia-market

All forms of stevia extracts are extensively used in end-use industries such as dairy, bakery, confectionery, beverages, packaged food, snacks and others. Increasing introduction of products with stevia-based sweetener ingredients in various end-use industries is expected to bolster growth of the global stevia market by 2020. Increasing popularity of such products owing to growing modern retail, urbanization, awareness and health concerns and changing preferences among consumers are major factors driving growth of this market.

Apart from application in the food and beverages industry, introduction of products with stevia-based sweeteners across end-use industries such as bakery and confectionery is expected to bolster growth of the global stevia market by 2020. Furthermore, the global stevia market is driven by the need for effective alternatives for artificial sugar-based products owing to changing consumer lifestyle, increasing product visibility in urban areas and approval by the U.S. Food and Drug Administration (FDA) for rebaudioside A as an ingredient in food products in European countries.

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