ASIA PACIFIC STEVIA MARKET FORECAST 2021-2028

The Asia Pacific stevia market is predicted to record a CAGR of 6.49% during the forecast period, 2021-2028. In several Asian countries, stevia has a stronghold with utilization in products like toothpaste, beverages, sports drinks, and food products. The increasing health concerns among consumers with regard to artificial sweeteners boost the demand for stevia, resulting in manufacturers using natural sweeteners.

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Indonesia, China, Vietnam, Thailand, South Korea, Japan, Australia & New Zealand, India, and the Rest of Asia Pacific, are analyzed for the Asia Pacific stevia market growth assessment. The Japanese market growth is driven by the growing awareness and usage of dietary foods and the increasing obese and diabetic population. Further, upon the grant of permission by Japanese regulators, stevia has been adopted as an additive by the food & beverage companies. Moreover, market players are introducing products with widened applications. Such factors drive the market growth in Japan.

In Indonesia, the rising demand for natural, non-caloric sweetener primarily drives the sweetener market. There is also increased consumption of processed food products. The application of sugar substitutes in nutrition and sports drinks offer lucrative growth opportunities. Moreover, the growing obese population, along with the surging health awareness, has propelled the demand for non-caloric, natural sweeteners. Such factors are expected to increase market growth in Indonesia.

Sunwin Stevia International Inc is engaged in the manufacture of all-natural stevia products and traditional Chinese medicines. The company signed an agreement with Domino Foods Inc in 2011, for introducing a vast range of no-calorie, all-natural, and low-calorie sweetening solutions that would contain Sunwin Stevia’s ingredients. The product portfolio of the company includes Steviosides and OnlySweet. It is located in Qufu, China.

 

TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1.    KEY DRIVERS
      1. WIDENING APPLICATIONS OF STEVIA IN FOOD & BEVERAGE INDUSTRY
      2. RISING DEMAND AMONG DIABETIC AND OBESE CONSUMERS
      3. INCREASING CONSUMER INCLINATION TOWARD CLEAN-LABEL
      4. SURGE IN DEMAND FOR NATURAL SWEETENERS
    2.    KEY RESTRAINTS
      1. EASY AVAILABILITY OF SUBSTITUTES
      2. LIMITED PRODUCTION AND PRICE FLUCTUATION OF STEVIA LEAF
  4. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON STEVIA MARKET
    2. KEY INVESTMENT INSIGHTS
    3.    PORTER’S FIVE FORCE ANALYSIS
      1. BUYER POWER
      2. SUPPLIER POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
    5. VENDOR LANDSCAPE
  5. MARKET BY FORM
    1. POWDER
    2. LIQUID
    3. LEAF
    4. OTHERS
  6. MARKET BY APPLICATION
    1. BAKERY
    2. DAIRY FOOD PRODUCTS
    3. BEVERAGES
    4. DIETARY SUPPLEMENTS
    5. CONFECTIONERY
    6. OTHER APPLICATIONS
  7. GEOGRAPHICAL ANALYSIS
    1.    ASIA PACIFIC
      1. KEY GROWTH ENABLERS
      2. KEY CHALLENGES
      3. KEY PLAYERS
      4.    COUNTRY ANALYSIS
        1. CHINA
        2. JAPAN
        3. INDIA
        4. SOUTH KOREA
        5. INDONESIA
        6. THAILAND
        7. VIETNAM
        8. AUSTRALIA & NEW ZEALAND
        9. REST OF ASIA PACIFIC
  8. COMPETITIVE LANDSCAPE
    1.    KEY STRATEGIC DEVELOPMENTS
      1. MERGER & ACQUISITIONS
      2. PRODUCT LAUNCH & DEVELOPMENTS
      3. PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
      4. BUSINESS EXPANSION
    2.    COMPANY PROFILES
      1. ARCHER DANIELS MIDLAND COMPANY (ADM)
      2. BENEO GMBH
      3. CARGILL INC
      4. FOODCHEM INTERNATIONAL CORPORATION
      5. FRAKEN BIOCHEM CO LTD
      6. HAIHANG INDUSTRY CO LTD
      7. INGREDION INC
      8. PURECIRCLE
      9. TATE & LYLE PLC
      10. VAN WANKUM INGREDIENTS
      11. GLG LIFE TECH CORP
      12. HYET SWEET BV
      13. GUILIN LAYN NATURAL INGREDIENTS CORP
      14. EVOLVA HOLDING
      15. STEVIA CORP
      16. SUNWIN STEVIA INTERNATIONAL INC
LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – STEVIA

TABLE 2: ASIA PACIFIC STEVIA MARKET, BY FORM, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 3: ASIA PACIFIC STEVIA MARKET, BY FORM, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 4: ASIA PACIFIC STEVIA MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 5: ASIA PACIFIC STEVIA MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 6: ASIA PACIFIC STEVIA MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 7: ASIA PACIFIC STEVIA MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 8: LEADING PLAYERS OPERATING IN ASIA PACIFIC STEVIA MARKET

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: ASIA PACIFIC STEVIA MARKET, GROWTH POTENTIAL, BY FORM, IN 2020

FIGURE 6: ASIA PACIFIC STEVIA MARKET, BY POWDER, 2021-2028 (IN $ MILLION)

FIGURE 7: ASIA PACIFIC STEVIA MARKET, BY LIQUID, 2021-2028 (IN $ MILLION)

FIGURE 8: ASIA PACIFIC STEVIA MARKET, BY LEAF, 2021-2028 (IN $ MILLION)

FIGURE 9: ASIA PACIFIC STEVIA MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 10: ASIA PACIFIC STEVIA MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020

FIGURE 11: ASIA PACIFIC STEVIA MARKET, BY BAKERY, 2021-2028 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC STEVIA MARKET, BY DAIRY FOOD PRODUCTS, 2021-2028 (IN $ MILLION)

FIGURE 13: ASIA PACIFIC STEVIA MARKET, BY BEVERAGES, 2021-2028 (IN $ MILLION)

FIGURE 14: ASIA PACIFIC STEVIA MARKET, BY DIETARY SUPPLEMENTS, 2021-2028 (IN $ MILLION)

FIGURE 15: ASIA PACIFIC STEVIA MARKET, BY CONFECTIONERY, 2021-2028 (IN $ MILLION)

FIGURE 16: ASIA PACIFIC STEVIA MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)

FIGURE 17: ASIA PACIFIC STEVIA MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 18: CHINA STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 19: JAPAN STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 20: INDIA STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 21: SOUTH KOREA STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 22: INDONESIA STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 23: THAILAND STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 24: VIETNAM STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 25: AUSTRALIA & NEW ZEALAND STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 26: REST OF ASIA PACIFIC STEVIA MARKET, 2021-2028 (IN $ MILLION)

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