Food and Beverage Stevia, Global Market Size Forecast, Top 15 Players Rank and Market Share (Internet Services - Other Internet Services)
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Food and Beverage Stevia, Global Market Size Forecast, Top 15 Players Rank and Market Share | |
Stevia, also known as stevioside, is a glycoside extracted from the leaves of the Asteraceae plant and it is native to Paraguay and Brazil. Stevia has the characteristics of high sweetness which is 200-300 times that of sucrose and low calorie energy which is only 1/300 of sucrose. Stevia is a natural sweetener that has been used in South America as a herb and sugar substitute for hundreds of years. Data from the international sweetener industry shows that stevioside has been widely used in the production of food, beverages and seasonings in Asia, North America, South America and the European Union. Meanwhile, in traditional Guaraní medicine, stevia is used to treat burns, colic, stomach problems, and sometimes as a contraceptive. The leaves can also be chewed as a sweet treat. Stevia may be unique among food ingredients because it doesn't add calories, unlike other sugar substitutes, stevia is derived from plants. According to the new market research report “Global Food and Beverage Stevia Market Report 2023-2029”, published by QYResearch, the global Food and Beverage Stevia market size is projected to reach USD 0.65 billion by 2029, at a CAGR of 4.7% during the forecast period. According to QYResearch Top Players Research Center, the global key manufacturers of Food and Beverage Stevia include Haotian Pharm, PureCircle (Ingredion), Shandong Shengxiangyuan, Cargill, Sunwin Stevia,GLG Life Tech Corp,Tate & Lyle, Shangdong Huaxian Stevia, Qufu Tianyuan Biotechnology, Morita Kagaku Kogyo, etc. In 2022, the global top five players had a share approximately 68.0% in terms of revenue. Market Drivers: 1.Rising consumer health awareness: As people become more aware of health and nutrition, their demand for low-sugar or sugar-free alternatives is also increasing. Stevia is a natural sweetener that contains no calories, making it an attractive option for consumers pursuing a healthy lifestyle. 2.Government policy support: Some government agencies support the development of healthy foods and beverages through tax exemptions, standard setting, and promotional activities, and encourage food manufacturers to use low-sugar or sugar-free alternatives, which has also promoted the growth of the stevia industry. 3.Technological Progress in the Food Industry: With the continuous advancement of science and technology, the production technology of stevia has been improved, making its application in food and beverage manufacturing more extensive and cost-effective. This technological advancement includes improved extraction and purification technology, improved sweetness stability, etc. Restraint: 1.Price factors: Stevia has a higher cost than traditional sugar sweeteners, which may limit its application in some mass-produced foods and beverages. High prices may affect manufacturers' willingness to adopt, especially in a highly competitive market environment. 2.Taste and stability issues: Stevia may impart bitterness or other off-flavors in some cases, which may affect the taste and popularity of the product. In addition, the stability of stevia in high temperature or low pH environments may also be affected, which limits its application in certain foods and beverages. 3.Regulations and standard restrictions: Some countries or regions may have certain regulations and standard restrictions on the use of stevia, which may have an impact on the development of the industry. For example, regulations such as maximum use limits and labeling requirements for stevia may limit its application in food and beverages. For more information, please contact the following e-mail address: Email: global@qyresearch.com Website: https://www.qyresearch.com QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.  | |
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2024-05-03 (0.393 sec)