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Sep 28, 2020 (AmericaNewsHour) —
The global Stevia Market was valued at USD 443.61 million in 2016 and is projected to reach USD 979.49 million by 2025, growing at a CAGR of 11.3% from 2017 to 2025.
Stevia is a sweetener, and hence also used as a sugar substitute. It is extracted from the leaves of Stevia rebaudiana. However, as it is derived from plants, it is not included under the artificial sweetener category. it sweetens food without adding to the blood glucose levels or carbohydrates. It has no calories in its pure form.
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However, usage of raw stevia leaves has remained under medical and scientific scrutiny and examination. While the US FDA allows only purified form of stevia for consumption purpose Japan and South American countries such as Paraguay and Brazil have been using natural stevia leaves since many years for sweetening and therapeutic purposes.
1. Market Drivers
1.1 Shifting consumer preference to natural sweeteners
1.2 Growing modern retail, urbanization, and health concerns
1.3 R&D and new product development in the field of Stevia
2. Market Restraints
2.1 Stevia leaf prices fluctuation
2.2 Lack of awareness about the benefits of Stevia in some regions
The global Stevia Market is segmented on the basis of extract type, form, application, and region.
1. Global Stevia Market, by Extract Type:
2. Global Stevia Market, by Form:
3. Global Stevia Market, by Application:
3.1 Dairy Food Products
3.2 Bakery Products
3.3 Dietary Supplements
3.5 Beverages Beverages
3.6 Packaged Food Products