Stevia Market Worth 771.5 Million USD by 2022

PUNE, India, May 24, 2017 /PRNewswire/ --

The report "Stevia Market by Extract Type (Whole Leaf, Powdered, Liquid), Application (Dairy, Bakery & Confectionery, Tabletop Sweeteners, Beverages, Convenience Foods), Form (Dry, Liquid), and Region - Global Forecasts to 2022", published by MarketsandMarkets™, the Stevia Market is projected to grow at a CAGR of 9.5% from 2017 to reach a projected value of USD 771.5 Million by 2022.

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Browse 62 market data tables and 59 figures spread through 141 pages and in-depth TOC on "Stevia Market - Global Forecasts to 2022"

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Stevia has its own unique taste profile and sweetness intensity which is approximately 200 to 350 times greater than regular sugar. Many food & beverage companies use stevia to create products with enhanced taste and fewer total calories. With heavy investment in R&D, new applications such as zero-calorie products and flavor enhancers are emerging rapidly. Stevia offers several advantages such as sugar preplacement, reduction in calories, sweetness, texture, color, and flavor enhancement. Hence, stevia will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of stevia.

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Powdered extracts segment is projected to be the fastest-growing in the Stevia Market 

Among the extract types of stevia which include whole leaf, powdered, and liquid the powdered extracts segment is expected to grow at the highest CAGR with increasing applications in the convenience foods and beverage industries. Stevia powdered extracts vary in terms of taste, sweetness, and cost of various white stevia powders; these parameters are more likely to be dependent on the degree of refinement and the quality of the stevia plant used. It is also a cost-effective option which further satisfies the growing demand for sugar replacement products from consumers as well.