London, 27 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Stevia Market 2014-2018.
Stevia, a natural, calorie-free plant extract, used as a sugar substitute in food products and beverages, is primarily found in South America. The Global Stevia Market is expected to grow at a steady pace and post a CAGR of 9.36 percent in terms of revenue during the forecast period.
About the Report
The latest report by TechNavio focuses on the increase in health-conscious population worldwide. Stevia is a zero-calorie sweetener with many medicinal properties and because of this, it is gaining popularity among health-conscious consumers.
“The alarming rates of obesity worldwide has raised concerns among consumers. According to the latest estimates, in 2013 approximately 29 percent of the world population was overweight or obese. Owing to increasing public awareness of obesity, efforts to lose weight and avoid other related medical conditions have increased the demand for calorie-free food and beverages,” says Faisal Ghaus, Vice President of TechNavio.
The report also highlights the health benefits associated with stevia, as opposed to chemical sweeteners or even sugar.
“Stevia-based sweeteners are natural and calorie-free, and vendors are capitalizing on these benefits to promote stevia-based products to consumers,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increase in Health-conscious Population
- For a full detailed list, view our report.
Market Challenges:
- Increased Competition
- For a full detailed list, view our report.
Market Trends:
- Rise in Consumer Income
- For a full detailed list, view our report.
Key Vendors:
- Cargill Inc.
- Merisant Co.
- PureCircle Ltd
Other Prominent Vendors:
- Archer Daniels Midland
- Associated British Foods
- Coca-Cola
- Cumberland Packaging
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
