The Global Stevia Market is forecasted to reach USD 801.7 Million by 2026, according to a new report by Reports and Data. The demand for natural sweeteners is increasing as consumers are moving away from sugars in search of a healthy lifestyle and natural ingredients. Stevia has been established as a healthy alternative to sugar. Growth in sports nutrition and health drinks are also fuelling the growth of the market.

Development of new products, improvement in taste and high marketing and publicity has increased the demand for the product. Regulatory constraints is a threat to the stevia market. Availability of low-calorie sweeteners is also hindering the growth of the market. In the 1970s, Morita Kagaku Kogyo Co., Ltd., a Japanese company became the first company ever to start selling Stevia commercially. Biotechnology is also marketing stevia in various forms such as liquid and powder.

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Key Players Profiled in the Report are:

Cargill, Ingredion Incorporated, Tate & Lyle PLC, Purecircle Limited, GLG Life Tech Corporation, Archer Daniels Midland Company, Sunwin Stevia International, Inc., S&W Seed Company, Pyure Brands LLC, Morita Kagakau Kogyo Co. Ltd., Zhucheng Haotian Pharm Co. Ltd, and Evolva Holding SA, among.

Extract Types Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2026)

• Whole Leaf
• Powdered
• Liquid

Types Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2026)

• Reb A
• Reb M
• Reb D
• Others

Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2026)

• Beverages
• Dairy Food Products
• Dietary Supplements
• Confectionary
• Bakery
• Others

End Users Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2026)

• Pharmaceuticals
• Food & Beverage Industry
• Cosmetics Industry
• Other Industry

Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2026)

• Direct Sales
• Online
• Retail

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Further key findings from the report suggest

• New innovation and discovery of sugar alternatives in food and beverage industry contribute towards the growth of the market. It holds a market share of 29% in the year 2018.
• The market is segmented on the basis of types into Reb A, Reb M, Reb D, and others. Reb A holds a market share of 27% in the year 2018.
• Reb A tastes less sweet and has more of a bitter aftertaste than Reb M and D, but low supply of Reb M and D is pushing the demand for Reb A in the market.
• Whole Stevia leaf dominates the market with 35% of the market share in 2018. The demand for whole leaves among the food and beverage industry is fueling its demand in the market.

Regional Analysis:

The report offers clear insights into the regional bifurcation of the market with regards to the regions where the market has already established its prominence. Furthermore, it analyzes the key regions for production and consumption ratio, import/export analysis, supply and demand dynamics, regional trends and demands, and the presence of prominent players in each region. The regional analysis segments also offer a country-wise analysis to offer a panoramic view of the market.

The regional analysis covers:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Competitive Landscape:

The report offers a comprehensive overview of the competitive landscape of the market to provide an advantage to the reader. This segment focuses on the initiatives and innovations adopted by the key players to gain a strong foothold in the market. The report also sheds light on mergers and acquisitions, joint ventures, collaborations, partnerships, and agreements, among others, to offer a better understanding of the market. The report also offers insights into revenue, gross profit margin, financial standing, market position, product portfolio, and other vital aspects of each player. The report also includes a thorough SWOT analysis and Porter’s Five Forces analysis.

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