GCC Stevia Market: Market Size, Share, Trends, Industry Analysis, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the GCC stevia market based on its segments including type, end-use, and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Stevia represents a natural sweetener and sugar substitute that is derived from the leaves of the plant species Stevia rebaudiana. It is a zero-calorie sweetener that is several times sweeter than sugar and also contains various antioxidant compounds, such as triterpenes, tannins, flavonoids, caffeic acid, kaempferol, quercetin, etc. As a result, stevia is extensively utilized as a substitute for sugar by food and beverage (F&B) manufacturers in coffee, tea, smoothies, yogurt, etc.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
GCC Stevia Market Industry Trends and Drivers:
The growing awareness towards the several health benefits of consuming stevia, such as controlling diabetes, aiding in weight loss, regulating blood sugar and pressure levels, etc., is among the key factors driving the GCC stevia market.
Besides this, stevia can act as a steroid and help in preventing the proliferation of bacteria, owing to which it is used in topical applications for numerous skin conditions, including eczema and dermatitis. This, in turn, is further catalyzing the market growth across the GCC.
Moreover, the escalating demand for low-calorie sweeteners is acting as another significant growth-inducing factor. In addition to this, the launch of various favorable initiatives by government bodies aimed at minimizing sugar intake among the population in order to combat the inflating incidences of obesity and diabetes is projected to stimulate the GCC stevia market over the forecasted period.
GCC Stevia Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The report also provides insights on the competitive landscape of the stevia market with the leading players profiled in the report.
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