The whole world of late is singing to the tunes of Stevia, the potent South American sweetener that is drawing the curtains on the long reign of sugar. Publications and research journals have described it as a game-changing holy grail, given its natural origins and acclaimed health benefits. Surveys have shown that the past few years have been an ideal time to become a stevia manufacturer.
The global stevia market has reached an astounding value of US$ 590 million in 2020 and it will continue to witness a sizable CAGR of 8.77% between 2022 to 2027. According to a report by Research and Markets, the global stevia market had attained an approximate volume of 8,412.60 MT in 2021. China at present is the biggest player when it comes to stevia production.
The Rise of Stevia Manufacturers in The Global Markets During the Pandemic
The stevia market witnessed a tremendous surge in demand with the onset of the Covid-19 pandemic. Brands began churning out sugar-free immunity boosting-products by the dozen. The crisis also prompted a major shift in consumer preferences. Overnight people were turning a new leaf and making healthier lifestyle choices. Reports suggested that consumers were fast substituting conventional ingredients with much healthier alternatives, which included the demand for natural sweeteners like stevia.
Now add to this an alarming increase in diabetes, obesity, and cardiovascular diseases, all of which have propelled the market growth of stevia. The rapid increase in health consciousness and significant demand for sugar-free solutions among the global population due to the pandemic has had a positive impact on the stevia market. Food and beverage companies can now easily purchase stevia in bulk from a stevia extract supplier in the form of powder, liquid, or leaf.
Stevia Production and Manufacturing in India
India accounts for a stupefying number of 7 crore diabetics, which is only second to China’s 11 crores. Therefore, keeping these numbers in mind there is a growing market for the crop. To understand the potential, let’s understand the economics of growing stevia. Essentially to cultivate stevia, you need very little water, approximately only 5% of what is needed to water sugarcane . Although the initial investment may seem a little high, the profit achieved is much higher because the stevia crop can be harvested three times a year due to the favorable climatic conditions.
Therefore, bearing this in mind, local production and manufacturing of stevia would be a huge source of help to F&B businesses. Stevia at present is positioned for major growth in the cash crop market as surveys estimate that the domestic and export demand is going to soar by 300% in the next couple of years.
Leading Stevia Extract Supplier in India
Arboreal Stevia is India’s sole stevia manufacturer, we are a certified bio nutritional company that offers transformative stevia solutions. Our curated stevia manufacturing process enables us to offer companies and brands superior quality natural stevia extracts and blends which helps them to provide exceptional health products to their consumers time after time.