Stevia Is Estimated To Witness High Growth Owing To Opportunity In Sugar Substitutes

Stevia Market Stevia is a plant native to South America which is widely used as a natural sweetener and sugar substitute. It is extracts from the leaves of the stevia plant contain glycosides, primarily steviol glycosides which are intensely sweet compounds and have zero calories. Stevia is widely used as an alternative to table sugar as it does not elevate blood glucose levels. The global stevia market is driven by the increasing number of health-conscious consumers and growing demand for plant-based and natural ingredients in the food and beverage industry. The global Stevia Market is estimated to be valued at US$ 716.49 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The increasing prevalence of obesity and diabetes around the world has created robust demand for low-calorie sugar substitutes. Rising health awareness has encouraged consumers to...