Press Resease

Stevia Market by Extract Type (Liquid, Powder and Leaf) and by Application (Dairy Products, Bakery and Confectionery Products, Dietary Supplements, Packaged Food Products, Beverages, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Published Date: 06-Jun-2018 Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-2826 Status : Published

Global stevia market expected to reach USD 721.0 million by end of 2024, growing at a CAGR of around 8.2% between 2018 and 2024. The rising knowledge about health benefits related to stevia is leading to the extensive use of this product in the food & beverage sector.

Description

The report covers forecast and analysis for the stevia market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the stevia market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the stevia market on a global level.

In order to give the users of this report a comprehensive view on the stevia market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein extract type, and application segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Stevia Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, extract type portfolio of various companies according to the region.

The study provides a decisive view on the stevia market by segmenting the market based on extract type, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2024. Based on extract type, the market is segmented into liquid, powder, and leaf. Based on application, the market is segmented into dairy products, bakery and confectionery products, dietary supplements, packaged food products, beverages, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further bifurcation into major countries. This segmentation includes demand for stevia market based on individual extract type and application in all the regions and countries.

Some of the key players in stevia market include as Tate & Lyle Plc, PureCircle Ltd., Evolva Holding S.A., Nestlé S.A., The Coca-Cola Company, Ingredion, Inc., GLG Life Tech Corp., PepsiCo, Inc., Cargill, Inc., and others. 

This report segments the global stevia market as follows:

Global Stevia Market: Extract Type Segment Analysis

  • Liquid
  • Powder
  • Leaf

Global Stevia Market: Application Segment Analysis

  • Dairy Products
  • Bakery and Confectionery Products
  • Dietary Supplements
  • Packaged Food Products
  • Beverages
  • Others

Global Stevia Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global stevia market, 2017 - 2024 (USD Million)
    • 2.2. Global stevia market: snapshot
  •  
  • Chapter 3. Stevia Market- Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global stevia market drivers: impact analysis
      • 3.2.2. Increasing demand for low calorie sweeteners
    • 3.3. Market Restraints
      • 3.3.1. Global stevia market restraints: impact analysis
      • 3.3.2. Low adoption rate
    • 3.4. Opportunities
      • 3.4.1. Increasing use of stevia in the pharmaceutical sector
    • 3.5. Porter's five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by extract type segment
      • 3.6.2. Market attractiveness analysis, by application segment
      • 3.6.3. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Stevia Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global stevia market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New therapy launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
    • 4.3. Price trend analysis
  •  
  • Chapter 5. Global Stevia Market- Extract Type Segment Analysis
    • 5.1. Global stevia market: extract type overview
      • 5.1.1. Global stevia market revenue share, by extract type, 2017 and 2024
    • 5.2. Liquid
      • 5.2.1. Global stevia market for liquid, 2017 - 2024 (USD Million)
    • 5.3. Powder
      • 5.3.1. Global stevia market for powder, 2017 - 2024 (USD Million)
    • 5.4. Leaf
      • 5.4.1. Global stevia market for leaf, 2017 - 2024 (USD Million)
  •  
  • Chapter 6. Global Stevia Market- Application Segment Analysis
    • 6.1. Global stevia market: application overview
      • 6.1.1. Global stevia market revenue share, by application, 2017 and 2024
    • 6.2. Dairy Products
      • 6.2.1. Global stevia market for dairy products, 2017 - 2024 (USD Million)
    • 6.3. Bakery and Confectionery Products
      • 6.3.1. Global stevia market for bakery and confectionery products, 2017 - 2024 (USD Million)
    • 6.4. Dietary Supplements
      • 6.4.1. Global stevia market for dietary supplements, 2017 - 2024 (USD Million)
    • 6.5. Packaged Food Products
      • 6.5.1. Global stevia market for packaged food products, 2017 - 2024 (USD Million)
    • 6.6. Beverages
      • 6.6.1. Global stevia market for beverages, 2017 - 2024 (USD Million)
    • 6.7. Others
      • 6.7.1. Global stevia market for others, 2017 - 2024 (USD Million)
  •  
  • Chapter 7. Global Stevia Market- Regional Segment Analysis
    • 7.1. Global stevia market: regional overview
      • 7.1.1. Global stevia market revenue share, by region, 2017 and 2024
    • 7.2. North America
      • 7.2.1. North America stevia market revenue, by extract type, 2017 - 2024 (USD Million)
      • 7.2.2. North America stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.2.3.2. U.S. stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.2.4. Canada
        • 7.2.4.1. Canada stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.2.4.2. Canada stevia market revenue, by application, 2017 - 2024 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe stevia market revenue, by extract type, 2017 - 2024 (USD Million)
      • 7.3.2. Europe stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.3.3. U.K.
        • 7.3.3.1. U.K. stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.3.3.2. U.K. stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.3.4. Germany
        • 7.3.4.1. Germany stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.3.4.2. Germany stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.3.5. France
        • 7.3.5.1. France stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.3.5.2. France stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.3.6. Rest of Europe
        • 7.3.6.1. Rest of Europe stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.3.6.2. Rest of Europe stevia market revenue, by application, 2017 - 2024 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific stevia market revenue, by extract type, 2017 - 2024 (USD Million)
      • 7.4.2. Asia Pacific stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.4.3. China
        • 7.4.3.1. China stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.4.3.2. China stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.4.4. Japan
        • 7.4.4.1. Japan stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.4.4.2. Japan stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.4.5. India
        • 7.4.5.1. India stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.4.5.2. India stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.4.6. Rest of Asia Pacific
        • 7.4.6.1. Rest of Asia Pacific stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.4.6.2. Rest of Asia Pacific stevia market revenue, by application, 2017 - 2024 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America stevia market revenue, by extract type, 2017 - 2024 (USD Million)
      • 7.5.2. Latin America stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.5.3.2. Brazil stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.5.4. Rest of Latin America
        • 7.5.4.1. Rest of Latin America stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.5.4.2. Rest of Latin America stevia market revenue, by application, 2017 - 2024 (USD Million)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa stevia market revenue, by extract type, 2017 - 2024 (USD Million)
      • 7.6.2. Middle East and Africa stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.6.3. Saudi Arabia
        • 7.6.3.1. Saudi Arabia stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.6.3.2. Saudi Arabia stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.6.4. UAE
        • 7.6.4.1. UAE stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.6.4.2. UAE stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.6.5. South Africa
        • 7.6.5.1. South Africa stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.6.5.2. South Africa stevia market revenue, by application, 2017 - 2024 (USD Million)
      • 7.6.6. Rest of Middle East and Africa
        • 7.6.6.1. Rest of Middle East and Africa stevia market revenue, by extract type, 2017 - 2024 (USD Million)
        • 7.6.6.2. Rest of Middle East and Africa stevia market revenue, by application, 2017 - 2024 (USD Million)
  •  
  • Chapter 8. Company Profile
    • 8.1. Stevia Corp.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Therapy portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Tate & Lyle Plc
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Therapy portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. The Coca-Cola Company
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Therapy portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. GLG Life Tech Corp.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Therapy portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Evolva Holding S.A.
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Therapy portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. PepsiCo, Inc.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Therapy portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Cargill, Inc.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Therapy portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Nestlé S.A.
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Therapy portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Ingredion, Inc.
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Therapy portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. PureCircle Ltd.
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Therapy portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments

Methodology

Free Analysis

Stevia is a small perennial plant which grows almost 50 to 85 cm tall and has oppositely arranged sessile and leaves. The plant is semi-humid and subtropical that can be grown easily like any other vegetable or crop, even in the kitchen garden. There are diverse species of stevia which have imminent sweetening compounds among which stevia rebaudiana is the sweetest of all. Saline soils are avoided while cultivating this plant. Stevia has been successfully cultivated in recent years in many areas of the Indian states. The increasing demand for natural sweeteners is driving the farmers towards large-scale stevia cultivation globally. Stevia is a small perennial plant growing almost 60 to 80 cm tall, with oppositely arranged leaves and sessile. It is a semi-humid subtropical plant that can be grown easily like any other vegetable or crop, even in the kitchen garden. Diverse species of stevia contain imminent sweetening compounds, but stevia rebaudiana is the sweetest of all. Saline soils need to be avoided while cultivating this plant. Stevia has been successfully cultivated in recent years in many areas of the Indian states. The increasing demands for natural sweeteners have driven the farmers towards large-scale stevia cultivation globally.

Currently, the global stevia market is witnessing growth due to raising awareness of the low-calorie consumable products and health benefits. Even the government is taking initiatives to grow consumer awareness and encouraging people which are further augmenting positive signs for the growth of stevia market. The introduction of various stevia-based products is also supporting the market growth and also is also being appreciated by consumers. Furthermore, the demand for the antioxidants natural ingredients and the product is adding as an additional factor, expected to increase the market growth. Health organizations are advocating the use of low-calorie sugar substitutes, calling for higher production of stevia. Stevia is viewed favorably by consumers since it has earned the tag of being a healthy consumable product. Currently, the global stevia market is witnessing growth owing to increasing awareness of the health benefits and low-calorie consumable products. Also, the government is encouraging and taking initiatives to grow consumer awareness which is further auguring positive signs of the growth of stevia market. The introduction of various stevia-based products is certainly supporting the overall market growth and has also been appreciated by consumers. Further, demand for antioxidants and natural ingredient products are additional factors expected to supplement the market growth. Health organizations also advocate the use of low-calorie sugar substitutes, while calling for higher production of stevia. By earning the tag of being a healthy consumable product, stevia is viewed favorably by consumers.

Global Stevia Market

Based on product type, the market is segmented into liquid, powder, and leaf. The liquid extract segment is anticipated to grow at a robust CAGR during the forecast period. The growth is supported by the widespread use of stevia consumption in liquid form as a tabletop sweetener together with various stevia-based liquid products globally. Based onis application, the market is segmented into dairy products, bakery and confectionery products, dietary supplements, packaged food products, beverages, and others. The bakery and dairy food product segments are expected to grow significantly in terms of revenue contribution, during the forecast period. Based on the product the market is segmented into liquid, powder, and leaf. Liquid extracts segment is experiencing a robust CAGR during the forecast period. This growth is supported by widespread use of stevia liquid in consumption as tabletop sweeteners coupled with varied stevia-based liquid products globally. Based on the application the market is segmented into dairy products, bakery and confectionery products, dietary supplements, packaged food products, beverages and others. In terms of revenue contribution, the dairy food products, and bakery segment are expected to record significant growth, respectively during the forecast period.

The Asia Pacific is the leading market for stevia. It has a broad recognition and acceptance in the region particularly in countries like such as India, Japan, China, and South Korea, since stevia-based natural sweeteners are likely to be a significant part of their diet for several people in these countries. Emerging economies such as Thailand, Indonesia, and Malaysia are also expected to be the key markets for the product owing to the growing food & beverage industry. North America and Europe are also expected to witness sizeable volume growth. A recent approval by the FDA related to the product is likely to have a positive impact on the overall industry and therefore improving the penetration levels of stevia in the market. Also, the rising consumer demand for organic products is playing an important role in propelling the overall market growth globally. The Asia Pacific is the leading market for stevia. It has a broad recognition and acceptance in the region particularly in countries like India, Japan, China, and South Korea, since stevia-based natural sweeteners have been a part of this likely to be a significant part of their diet of for several consumers people in these countries for a considerable period. Emerging economies such as Thailand, Indonesia, and Malaysia are also expected to be the key markets for the product owing to the growing food & beverage industry. North America and Europe are also expected to witness sizeable volume growth. Recent approvals by the FDA related to the product A recent approval by the FDA related to the product is likely to have a positive impact on the overall industry and therefore improving the penetration levels of stevia in the market. Also, the rising consumer demand for organic products is playing an important role in propelling the overall market growth globally.

Some of the key players in the stevia market are Tate & Lyle Plc, The Coca-Cola Company, PureCircle Ltd., Evolva Holding S.A., Nestlé S.A., Ingredion, Inc., GLG Life Tech Corp., PepsiCo, Inc., Stevia Corp., Cargill, Inc., and others. For Instance, In July 2016, an investment of USD 100 million was done by PureCircle Ltd. for the development of stevia agronomy program.

 

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