Global Next Generation Stevia Market Analysis
Persistence Market Research, in a recently published market study, offers valuable insights related to the overall dynamics of the Next Generation Stevia market in the current scenario. Further, the report assesses the future prospects of the Next Generation Stevia by analyzing the various market elements including the current trends, opportunities, restraints, and market drivers. The COVID-19 analysis section within the report offers timely insights regarding the impact of the global pandemic on the market. The presented study also offers data regarding the business and supply chain continuity strategies that are likely to assist stakeholders in the long-run.
As per the report, the Next Generation Stevia market is set to grow at a CAGR of ~XX% over the forecast period (2019-2029) and exceed a value of ~US$ XX by the end of 2029. Some of the leading factors that are expected to drive the growth of the market include, focus towards research and development, innovations, and evolving consumer preferences among others.
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The report scrutinizes the prospects of the Next Generation Stevia market in different geographical regions. The scope of innovation, consumer behavior, and regulatory framework of each region is thoroughly analyzed in the presented study.
Distribution-Supply Channel Assessment
The report provides a thorough analysis of the different distribution channels adopted by market players in the global Next Generation Stevia market along with the market attractiveness analysis of each distribution channel. The impact of the COVID-19 pandemic on the different distribution channels is enclosed in the report.
Product Adoption Analysis
Some of the key players operating in the global next generation stevia market are Cargill, Incorporated, PureCircle, GLG Life Tech Corporation, Ingredion Incorporated, SweeGen among others. Global rising demand for natural sweeteners coupled with rising obese and diabetic population has resulted in introduction of sweeteners delivering sugar like sweetness and zero calories without any side effects thus creating market opportunity for next generation stevia based sweeteners. Such next generation stevia sweetener offers feasible pricing, sustained availability and consistent quality.
Key Developments In Global Next Generation Stevia Market
- In 2017, SweeGen, which is a U.S. based manufacturer of non-caloric, non-GMO sweeteners several industries and Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, announced the approval of SweeGen's next generation stevia sweetener, Reb M sweetener derived from the stevia leaf for use in food and beverage.
- In 2017, Evolva entered into collaboration with Cargill Inc. which is a U.S. based manufacturer and provider of food, agriculture, financial and industrial services globally for the introduction of next generation stevia sweetener, EverSweet.
Opportunities for Next Generation Stevia Market Participants
Increasing number of manufacturers are investing in the technologies that enable development and production of next generation stevia sweeteners for sugar reduction thus, contributing towards the global next generation stevia market since the approval of stevia in 2008 as a commercial ingredient in food and beverages industry, stevia based products have experienced tremendous growth in the global market which is one of the prime factors towards the growing popularity of next generation stevia in the near future.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Value Chain
- Market Drivers and Restraints
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Poland, and Rest of Europe)
- East Asia (Japan, South Korea, and China)
- South Asia (India, Indonesia, Malaysia, Philippines, Thailand, Rest of South Asia)
- Oceania (Australia, and New Zealand)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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The report aims to address the following pressing questions related to the Next Generation Stevia market:
- What is the structure of the Next Generation Stevia market in region 1?
- What are the current trends that are impacting the growth of the Next Generation Stevia market?
- How are market players adjusting to the COVID-19 pandemic?
- What is the impact of the new food trends such as ‘clean-label’ and ‘free-from’ on the global Next Generation Stevia market?
- Which region is expected to witness the highest CAGR growth during the forecast period?
Key Takeaways from the Next Generation Stevia Market Report
- Most effective marketing and distribution channels adopted by market players
- Market attractiveness of various regional markets
- Trends influencing the current dynamics of the Next Generation Stevia market
- Growth prospects of various market segments post the COVID-19 pandemic
- Leading market players in the Next Generation Stevia market
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