Market Snapshot:
Stevia desserts kind the biggest share of the worldwide stevia market. The stevia desserts embody varied chocolates, candies, and bakeshop products. Stevia is wide utilized in creating desserts attributable to its low value, easy use throughout the process, and handiness. Stevia is a plant that is very intensely sweet in taste. Due to the fewer calories and enhanced taste, many meals and beverage companies use stevia as a natural sweetener.
Highlights from Stevia Dessert Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Vendors profiled in the report are The Real Stevia Company AB (Sweden), Coco Polo (United States), Hygint (Egypt), Barry Callebaut (Switzerland), Now Foods (United States), Ingredion Inc. (United States), Tate & Lyle PLC (United Kingdom), Barry Callebaut (Switzerland) and SweetLeaf (United States). Additionally, other players that are part of this comprehensive study are Zevic (India) and Procarvit (India).
Geographic Breakdown and Segment Analysis
The Global Stevia Dessert market presents a comprehensive analysis of the Stevia Dessert market by product type (Chocolate, Candy and Bakery Products), by end-user/application (Household and Commercial), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Stevia Dessert industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Stevia Dessert market
Analyst at AMA have segmented the market study of Global Stevia Dessert market by Type, Application and Region.
Influencing Trend:
Clean Label Food Developed with Stevia and Natural Ingredient with New Flavour Addition
Market Growth Drivers:
The Increase in Taste and Preference of The Consumers Toward Desserts Consumption and Growth in Health Benefitting Desert Demand
Challenges:
Lack of Awareness and Availability of Sugar as a Cheaper Source to Be Used in Desserts
Restraints:
Stringent Government Regulations for Added Sweeteners and Fluctuation in Price for Stevia and Raw Material for Stevia
Opportunities:
Advanced Technology for Stevia Extraction, Developing New Stevia Dessert Recipes, and Health Benefits Provided by Stevia
Market Developments Activities:
In 2020, Tate & Lyle PLC, a leading global provider of food and beverage ingredients and solutions, is pleased to announce the acquisition of Sweet Green Fields (SGF), a leading global stevia solutions business. This Acquisition will help brings a broad portfolio of stevia products and a fully integrated stevia supply chain to Tate & Lyle including leaf sourcing, leaf varietal development, established agricultural programs, and cost-efficient manufacturing.
In July 2022, Sweegen introduced Bestevia LQ, a collection of liquid stevia-based sweeteners, at the IFT FIRST event.
Regulatory Insights:
USA FDA: designation of reb-A as “Generally Recognized as Safe” (GRAS), JECFA purity specifications: Acceptable Daily Intake (ADI) of 4 mg/kg body weight /day (expressed as steviol) and French Food Safety Agency: 1) Assessed safety of rebaudioside A (a steviol glycoside) 2)Temporary legal approval of 97% rebaudioside A for up to a maximum of 2 years, for use in certain
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market
Key Target Audience
Stevia Dessert Manufacturer, Raw Material Supplier, Food Regulatory Bodies, Research Firms and Others