Growing number of health-conscious consumers across the globe today are demanding for food products offering natural sweetness with reduced calorie content. Sweeteners are added to number of food products including, beverages, bakery, desserts, confectionary, sports nutrition and others thus resulting in their increasing consumption. Next generation stevia is produced from the fermentation process rather than extraction. Several genetic innovation studies have identified Reb D and Reb M glycosides as chemical compounds present in stevia leaf that are responsible of giving the plant its sweetness. Reb M also delivers superior flavor profile in comparison to other steviol glycosides present in stevia leaf, thus contributing toward the global next generation stevia market growth. These glycosides are the sweetest component of the plant and are used in several application areas.
The global Next Generation Stevia market was valued at USD million in 2023 and is anticipated to reach USD million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Next Generation Stevia is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Next Generation Stevia is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
