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Global Stevia Extract Market Projected to Grow with CAGR 6.24% - QYResearch Report

Author: QYResearch  |   Published Date: 2020-12-31   |   Views: 85



QY Research has published a new report, claiming that in 2019, the global Stevia Extract market size was US$ 469.76 million and it is expected to reach US$ 694.87 million by the end of 2026, with a CAGR of 6.24% between 2020 and 2026.

Stevia/stevia rebaudiana is a sweetener and sugar substitute extracted from the leaves of the plant species stevia/stevia rebaudiana rebaudiana, native to paraguay. The leaves of the stevia/stevia rebaudiana rebaudiana plant have a refreshing taste, zeroglycemic index, zero calories and zero carbs. This report mainly studies stevia extract market.

China is the current leading exporter of stevia products. However, stevia is now produced in many countries. The plant can often be purchased at garden centers for home growing.

As stevia is 200 to 300 times sweeter than table sugar. It typically requires about 20 percent of the land and far less water to provide the same amount of sweetness as other mainstream sweeteners.

Stevia has various health properties, such as lowering blood glucose and blood pressure levels. Stevia is also recognised as having anti-inflammatory, anti-tumour and anti-diarrheal properties. Stevia also has zero calories, making it popular for use in food and beverage products.

The major drivers of growth in the stevia market are rising consumer demand for healthier and natural products, increasing rates of obesity and diabetes.

Global Stevia Extract Market- Key Players

Purecircle Limited, CCGB, Layn, Zhucheng Haotian Pharm Co. Ltd, Cargill (Evolva), Sunwin Stevia International, Inc., GLG Life Tech, Tate & Lyle, Morita Kagakau Kogyo Co. Ltd., INGIA Biotechnology, Zhongda Hengyuan Biotech, Hunan NutraMax Inc.,  are some of the key players, functioning in the global Stevia Extract market. Purecircle Limited, CCGB, Zhucheng Haotian Pharm are the top 3 players in the industry, holding more than 45% market share in 2019.

Global Stevia Extract Market: Segmental Analysis

Nowadays, there are four mainly types of Stevia Extract, including Reb A, Reb M, Reb D and Others. And Reb A is the main type for Stevia Extract, and the Reb A reached a sales volume of approximately 7123 MT in 2019, with 95.24% of global sales volume.

 

Read More Information: https://www.qyresearch.com/index/detail/2134579/global-stevia-extract-sales-market

 

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