Market Outlook

The Latin America natural sweeteners market was aided by the growth of the stevia market, globally. The global stevia market attained a value of nearly USD 480 million in 2018. The global stevia market is projected to grow at a CAGR of 8.5% between 2019 and 2024 to reach an estimated value of almost USD 785 million by 2024. The growth of the industry was propelled by the increasing demand for zero-calorie products due to the rising health consciousness among the consumers.