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KEY FINDINGS
The North America stevia market is estimated to record a CAGR of 6.67% during the forecast period, 2021-2028. The rising health concerns and surging consumer awareness regarding stevia's health benefits are beneficial for market growth. Stevia is used as a dietary supplement for medicinal purposes for treating infections, hypertension, hyperglycemia, and diabetes.
MARKET INSIGHTS
The North America stevia market growth evaluation entails the assessment of Canada and the United States. Canada encompasses many leading stevia sweeteners manufacturers that offer their products for varied applications like confectionery, bakery, dairy, and pharmaceuticals. Also, consumers are increasingly becoming concerned about the type and quality of sweeteners, leading to the clean label movement. Sugar production capability is considerably low in Canada. The country has been relying on imports for the past few decades. Moreover, the country's regulatory structure is highly extensive, especially for sugar substitutes. It encompasses both, artificial and natural sweeteners under the Food and Drugs Act and Regulations. Purified stevia extract is regulated as a food additive in the country. Further, players are launching innovative products, like low calorie products and natural & clean label products, which will facilitate market growth.
COMPETITIVE INSIGHTS
Some of the prominent companies in the market include, Tate & Lyle Plc, PureCircle, Evolva Holding, Stevia Corp, Foodchem International Corporation, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments