Global Stevia Market Volume, Sub-Segment, Growth and Forecast 2015 to 2020; Future Market Insights
June 18, 2015 at 15:18 PM EDT
Valley Cottage, NY -- (ReleaseWire) -- 06/18/2015 -- Future Market Insights (FMI), with sharp focus on emerging regions, delivers key insights on the global stevia market in its recent report titled, "Global Stevia Market Analysis and Opportunity Assessment, 2014 – 2020". According to the report, the global stevia market is projected to grow at a single-digit CAGR during the forecast period, accounting for US $ 565.2 Mn by 2020. Shifting consumer preference for natural sweeteners is a major factor driving growth of this market. Additionally, stevia extracts are finding increasing application in soft drinks and juices, ice creams and various other products. This is attributed to its high-intensity natural sweetness properties. Due to these factors, share of the stevia market is expected to account for around 15% of the overall sweetener market by 2020.