The market for stevia market, also known as Meethi Tulsi, is a plant-derived sweetener that is 300 times sweeter than sugar and is used as a substitute for sugar. It is primarily found in Latin America and is expected to grow at a compound annual growth rate (CAGR) of 9.5% over the course of the forecast period. The market is expanding due to the growing demand for natural sweeteners, increasing health consciousness, regulatory approvals, and advancements in the stevia market.

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Growth Drivers

The growing customer inclination for natural sweeteners is one of the main factors propelling the stevia market's expansion. Growing health consciousness is causing people to turn away from artificial sweeteners and become more aware of the possible health advantages of using stevia. The market is growing as a result of stevia's use in a variety of products, regulatory approvals for the product in different areas, and improvements in extraction technology.

Growth in the stevia market is being driven by the growing demand for natural sweeteners in food products, the fact that stevia damages organs such as the kidney, liver, and lungs, that using stevia increases blood pressure, that stevia is becoming more and more popular among sugar patients, that stevia is rich in calcium, magnesium, potassium, and iron, and that it can occasionally cause body aches, swelling, and stomach pain. The market is also being driven by advancements in extraction technologies.

Segmentation

By Foam

·         Powder

·         Liquid

·         Granules

By Application

·         Food and Beverages

·         Pharmaceuticals

·         Bakery

·         Confectionary

·         Dairy

·         Tabletop Sweeteners

·         Cereals based products

·         Cosmetics

·         Others

Form

·         Stevia Leaves

·         Dry Extract

·         Leaves Extract

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Key Players

·         Cargill Incorporated

·         Ingredion Incorporated

·         Tate and Lyle Plc

·         Glg Life Tech Corporation

·         Stevia Nutra Corp

·         Evolva Holdings SA Nemours and Co.

·         Archer Daniel Midland Company

·         Sunwin Stevia International Inc

·         Koinklijke DSM NV

·         Other Players

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