Global STV Series Stevia Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Stevia is also termed as sugar leaf or sweet leaf. It is a white crystalline powder extracted from the leaves of the plant species Stevia rebaudiana, a natural sweetener. The Steviol glycosides is an active compound of stevia that has up to 150 times the sweetness of sugar. It is not fermentable, are heat-stable, and pH-stable.
It is exclusively used as a sucrose replacement in all types of food and beverage industry as a low-calorie natural sweetener. In addition, it is also used in meat products, tea, gum, soft drinks, dried fruit, alcoholic beverages, and canned food. Moreover, it prevents from diseases like dental caries, hypertension, heart disease, diabetes, and obesity.
STV Series Stevia Market is segmented based on types, product types, forms, applications, and region. Types such as Glucosyl Stevia, Reb-A Series, STV Series, and others classify the market. Product types such as STV 90%, STV 60%, STV 50%, and others classify this industry. Forms such as Stevia Tablets and Stevia Granule classify STV Series Stevia Market.
Applications into Daily Chemical Industry, Food, Pharmaceutical Industry, Beverage, and others classify STV Series Stevia Market. The market is segmented geographically into Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, North America accounts for the largest market share of this industry and is estimated to lead the overall market in the upcoming years. Europe and Asia Pacific will follow suit. On the other hand, Asia Pacific is estimated to grow at fastest pace in the years to come. China and India are estimated to be the major consumer of STV Series Stevia Market in the upcoming years.
The key players of STV Series Stevia Industry are Stevia Natura, PureCircle, Wisdom Natural Brands, GLG Life Tech Corp., Wagott Pharmaceutical, Biolotus Technology, Stevia Sweetener, Haotian Pharm, Ingredion, Cargill-Layn, Morita Kagaku Kogyo, Haigen Stevia, GL Stevia, Sunwin Stevia, Daepyung, Shangdong Huaxian Stevia, Shandong Shengxiangyuan, Jining aoxing Stevia Products, and Tate & Lyle. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of STV Series Stevia in these regions, from 2012 to 2022 (forecast), covering
• North America
• Southeast Asia
Global STV Series Stevia market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• GLG Life Tech Corp
• Julong High-tech
• Biolotus Technology
• Haotian Pharm
• Haigen Stevia
• Sunwin Stevia
• Shangdong Huaxian Stevia
• Jining Aoxing Stevia Products
• Tate & Lyle
• Shandong Shengxiangyuan
• GL Stevia
• Morita Kagaku Kogyo
• Stevia Sweetener
• Wagott Pharmaceutical
• Wisdom Natural Brands
• Stevia Natura
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• STV 50%
• STV 60%
• STV 90%
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of STV Series Stevia for each application, including
• Pharmaceutical Industry
• Daily Chemical Industry
Research Support Specialist, USA