North America Stevia Market, By Extract Type (Whole leaf, Powdered, Liquid), Form (Powder, Whole Leaf, Liquid, Tablet), Application (Industrial, Domestic), Distribution Channel (Direct Tenders, Retail), Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2028
Market Analysis and Insights: North America Stevia Market
The stevia market is expected to witness market growth at a rate of 8.8% in the forecast period of 2021 to 2028. Data Bridge Market Research report on stevia market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in health consciousness globally is escalating the growth of stevia market.
Stevia refers to a type of natural sweetener that is extracted from Stevia Rebaudiana, which is an herbal plant species. The presence of two active compounds, namely Stevioside and Rebaudioside A create sweetness in the plant. Stevia acts as a natural alternative to sugar or artificial sweeteners owning to its sweetening properties. The product find wide applications in the food and beverages, and pharmaceuticals industry.
The increase in application in the beverage industry across the region acts as one of the major factors driving the growth of stevia market. The use of the product in a variety of food products, such as bakery, dairy, and confectionery, beverages, and pharmaceuticals, and rise in diseases and other health concerns accelerate the market growth. The increase in popularity of stevia as it can be easily incorporated, imparting a sweet taste, using very little calories, and surge in consumer demand for natural sugar substitutes further influence the market. Additionally, high demand for ready-to-eat food, rise in spending on food, media influence on consumer and increase in health consciousness positively affect the stevia market. Furthermore, use of added sugars as an ingredient limited by sugar taxes extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, fluctuation in stevia leaf prices is expected to obstruct the market growth. Advances in extraction technologies and formulations are projected to challenge the stevia market in the forecast period of 2021 to 2028.
This stevia market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on stevia market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Stevia Market Scope and Market Size
The stevia market is segmented on the basis of extract type, form, application and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of extract type, the stevia market is segmented into whole leaf, powdered and liquid.
- On the basis of form, the stevia market is segmented into powder, whole leaf, liquid and tablet.
- On the basis of application, the stevia market is segmented into industrial and domestic.
- On the basis of distribution channel, the stevia market is segmented into direct tenders and retail.
North America Stevia Market Country Level Analysis
The stevia market is analyzed and market size insights and trends are provided by country, extract type, form, application and distribution channel as referenced above.
The countries covered in the North America stevia market report are U.S., Canada and Mexico in North America.
U.S. dominates the North America stevia market due to the growth in awareness within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Stevia Market Share Analysis
The stevia market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to stevia market.
The major players covered in the stevia market report are Cargill, Incorporated, Ingredion Incorporated, Tate & Lyle, PureCircle, Archer Daniels Midland Company, BIOSWEET VENTURES, GLG LIFE TECH CORP., Hunan huacheng Biotech, Inc., HYET Sweet, Morita Kagaku Kogyo Co., Ltd., Pyure, S&W Seed Co., Stevita, Sunwin Stevia International, Inc., Whole Earth Sweetener Co., LLC, and ZHUCHENG HAOTIAN PHARM CO. LTD, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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