Growth of Global Stevia Market to be driven by Increasing Demand for Plant-Based Sweeteners

Future Market Insights has announced the addition of the "Global Stevia Market Analysis & Opportunity Assessment, 2014 - 2020" report to their offering.

Future Market Insights (FMI), with sharp focus on emerging regions, delivers key insights on the global stevia market in its recent report titled, “Global Stevia Market – Market Analysis and Opportunity Assessment, 2014 – 2020”. According to the report, the global stevia market is projected to grow at a single-digit CAGR during the forecast period, accounting for US $ 565.2 Mn by 2020. Shifting consumer preference for natural sweeteners is a major factor driving growth of this market. Additionally, stevia extracts are finding increasing application in soft drinks and juices, ice creams and various other products. This is attributed to its high-intensity natural sweetness properties. Due to these factors, share of the stevia market is expected to account for around 15% of the overall sweetener market by 2020. 

The global stevia market is sub-segmented on the basis of type into liquid, powdered and leaf form. The powdered stevia sub-segment is projected to account for around 65.4% share of the total stevia market by 2020, owing to ease of availability and use. The liquid stevia sub-segment on the other hand, is expected to record a CAGR of around 9.0% during the forecast period.  

All forms of stevia extracts are extensively used in end-use industries such as dairy, bakery, confectionery, beverages, packaged food, snacks and others. Increasing introduction of products with stevia-based sweetener ingredients in various end-use industries is expected to bolster growth of the global stevia market by 2020. Increasing popularity of such products owing to growing modern retail, urbanization, awareness and health concerns and changing preferences among consumers are major factors driving growth of this market. 

Browse Full: "Global Stevia Market Analysis and Opportunity Assessment, 2014 - 2020" Report at http://www.futuremarketinsights.com/reports/details/global-stevia-market 

Apart from application in the food and beverages industry, introduction of products with stevia-based sweeteners across end-use industries such as bakery and confectionery is expected to bolster growth of the global stevia market by 2020. Furthermore, the global stevia market is driven by the need for effective alternatives for artificial sugar-based products owing to changing consumer lifestyle, increasing product visibility in urban areas and approval by the U.S. Food and Drug Administration (FDA) for rebaudioside A as an ingredient in food products in European countries. 

Send Inquiry: http://www.futuremarketinsights.com/askus/rep-gb-38 

FMI analyst Vipassa K sheds light on why stevia extracts will become a mainstream ingredient in the global food and beverages industry in the near future. “Increasing demand for alternatives to synthetic or artificial sweeteners due to health concerns, coupled with rising demand for plant-based sweeteners is projected to fuel growth of the stevia market over the next five to six years,” she said.  

Furthermore, use of stevia extracts with other ingredients such as monk fruit as a blend to be used in various food and beverage products and increasing consumer preference for products with natural ingredient is a key trend expected to drive growth of the stevia market at a significant single-digit CAGR during the forecast period. 

Visit: http://syndicatedmarketresearch.blogspot.com/2015/02/stevia-extracts-market.html

About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends. 

Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research. 

Contact  

Ms. Shibboo Singh
3rd Floor,
207 Regent Street, 
London - W1B 3HH 
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268 
Email: sales@futuremarketinsights.com
Website: Future Market Insights

Blog: https://futuremarketinsights.wordpress.com/2015/02/23/stevia-extracts-market/

NB: The information provided in this press release is for general informational purposes and published on PRnob only.