The global next generation stevia market stands at US$ 747.4 million in 2022 and is projected to surge past a market valuation of US$ 1.84 billion by the end of 2032, with worldwide demand estimated to rise at an impressive CAGR of 9.4% across the forecast period (2022-2032).
Increasing health consciousness and rising focus on fitness among the general population are anticipated to increase the consumption of natural sweeteners, thereby driving the sales of next generation stevia over the coming years.
Key Segments Covered in Next Generation Stevia Industry Research
By Form :
By Application :
- Cereal-based Products
- Dairy Products
- Carbonated Beverages
- Nutraceuticals/ Pharmaceuticals
By Region :
- North America
- Latin America
Next generation stevia manufacturers are anticipated to focus on research and development of novel product offerings to gain a competitive edge over other market players. Next generation stevia suppliers are also expanding their offerings by commercializing new products and launching new products to strengthen their market presence.
- In January 2021, SweeGen, a company focused on sweeteners, announced that it was commercializing its Bestevia Rebaudioside N (Reb N). This stevia is particularly suitable for beverages and is created from a patented technology from Conagen, a biotech company.