Press Release

According to the latest report by IMARC Group titled, “North America Stevia Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market to reach a volume of 3,560 Tons by 2024, registering a CAGR of 6.3% during 2019-2024.

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Stevia is a white powder that is extracted from the leaves of Stevia Rebaudiana. It has diuretic, antimicrobial and anti-inflammatory properties, owing to which it aids in lowering high blood pressure. Other than this, as it contains steviol glycosides and has a low glycemic index, it is widely preferred as a sugar substitute in various food products across the North American region.

Sedentary lifestyles and the presence of various fast-food chains in North America have led to the rising prevalence of diabetes, cancer and obesity. This, along with the increased health awareness among individuals, represents one of the key factors driving the stevia market growth in the region. Moreover, it is utilized in the pharmaceutical industry as a suppressing agent for removing unwanted flavors in medication. It is also employed in the food and beverage (F&B) industry for enhancing flavor and preventing fermentation and discoloration in preserved foods and reducing stickiness in beverages, which is creating a positive outlook for the market.

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Key Market Segmentation

Breakup by Extract Type

1. Powder

2. Liquid

3. Leaf

Breakup by End Use

1. Beverages

2. Food Products

3. Table-Top Sweeteners

4. Pharmaceuticals

5. Others

Breakup by Country

1. United States

2. Canada

3. Mexico

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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This post was originally published on Stock Markets News

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IMARC Group is a leading market research company that provides market and business research intelligence across the globe. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. We make an effort to fulfill specific and niche requirements of the industry while balancing the quantum of quality with stipulated time and trace major trends at both the domestic and global levels. The information products and services provided by IMARC cover major technological, scientific and economic developments in industrial, pharmaceutical and high technology organizations.