Europe Stevia Market Size To Worth USD 281.6 Million By 2033 | CAGR of 12.87%
Category: Food & BeveragesEurope Stevia Market Size To Worth USD 281.6 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Europe Stevia Market Size is to Grow from USD 83.9 Million in 2023 to USD 281.6 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 12.87% during the projected period.
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Browse key industry insights spread across 212 pages with 108 Market data tables and figures & charts from the report on the "Europe Stevia Market Size, Share, and COVID-19 Impact Analysis, By Extract Type (Whole Leaf, Powdered, and Liquid), By Application (Food & Beverages, Pharmaceuticals, and Others), and Europe Stevia Market Insights, Industry Trend, Forecasts to 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/europe-stevia-market
Stevia is a sugar replacement made from the leaves of the stevia rebaudiana plant, which grows in South America. Steviol glycosides, which give the leaves their intensely sweet flavor, are present in the leaves. Stevia is a non-nutritive sweetener, which means it has no calories, carbs, or artificial components, and is 200–400 times sweeter than table sugar. It's frequently used to make tea, coffee, cappuccino, and lattes sweeter. Several things are driving the stevia industry. Customers are looking for healthier food and drink options, such as low-calorie and sugar-free drinks and natural sweeteners, as concerns about their health become more pressing. The demand for natural sweeteners like stevia is rising as plant-based diets gain popularity. Regulations and health authorities' endorsements of stevia have increased consumers' trust in its safety and effectiveness. In the production, processing, and procurement of stevia, several businesses are emphasizing ethical and environmental methods. The market is expanding as a result of the growing demand for dietary beverages and foods. The stevia market is expanding as a result of continuous improvements in product creation. However, some customers believe stevia has a strong aftertaste, which could limit its broad use and hinder the market's ability to grow.
The liquid segment is anticipated to hold the largest market share of the Europe stevia market during the projected timeframe.
Based on the extract type, the Europe stevia market is classified into whole leaf, powdered, and liquid. Among these, the liquid segment is anticipated to hold the largest market share of the Europe stevia market during the projected timeframe. The liquid form makes mixing and blending simple, which raises demand in this market. Liquid stevia products are ideal for a variety of uses, such as beverages, smoothies, baked goods, and desserts, due to their ease of use and accuracy in regulating sweetness levels.
The food & beverages segment is predicted to dominate the Europe stevia market during the projected timeframe.
Based on the application, the Europe stevia market is categorized into food and beverage, pharmaceutical, and others. Among these, the food and beverage segment is predicted to dominate the Europe stevia market during the projected timeframe. The demand for low-calorie and sugar-free products in the food and beverage business is growing as governments and public health groups work to battle rising obesity rates and sugar-related health issues.
Major vendors in the Europe stevia market include Stevia Corp, Evolva Holding SA, GLG Life Tech Corp, The Coca-Cola Company, Cargill, Ingredion Inc, Tate & Lyle PLC, PepsiCo Inc, and Others
Recent Developments
- In February 2024, the European Food Safety Authority (EFSA) and the UK Food Safety Authority (FSA) gave the joint venture between Cargill and DSM-Firmenich, Avansya, good safety opinions for their EverSweet stevia sweetener.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at Europe, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Europe Stevia Market based on the below-mentioned segments:
Europe Stevia Market, By Extract Type
- Whole leaf
- Powdered
- Liquid
Europe Stevia Market, By Application
- Food & Beverages
- Pharmaceuticals
- Others
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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