Stevia Rebaudiana Market - Forecast(2021 - 2026)
Stevia Rebaudiana Market Overview: Stevia Rebaudiana are leaves containing sweetening compounds and are also called as sweet leaves and candy leaves. Stevia Rebaudiana is not chemically processed and also have various advantages. These does not contain any carbohydrates and calories, this being the important reason on the increased usage of stevia. The market for Stevia was valued at $476.46 million in 2017 and is estimated to reach by $781.61 million in 2023 with a projected CAGR of 8.6%. China has been the largest producer of stevia followed by the U.S. In terms of consumption, APAC is the largest consumer of stevia followed by the North American region. Stevia Rebaudiana Market Outlook: Stevia Rebaudiana has two sweetening agents namely stevioside and rebaudioside. Rebaudioside is the major ingredient that is responsible for the major sweetness. Rebaudiana is more expensive due to its further processing and filtration. Stevia leaves can be directly added to the beverages or could b...