NORTH AMERICA STEVIA MARKET FORECAST 2021-2028

The North America stevia market is predicted to project a CAGR of 6.67% during the forecast period, 2021-2028. There have been surging concerns regarding lifestyle diseases like obesity, cardiac disease, and diabetes, along with the growing awareness and caution about artificial sweeteners. The latter has resulted in consumers preferring natural sweeteners like stevia. Such factors are set to fuel market growth.

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Canada and the United States are analyzed for the North America stevia market growth assessment. In the United States, the market growth is driven by ingredient demand from the beverage sector. This is due to the rising US diabetic population. Diabetes is the seventh major cause of death in the country, as per the American Diabetes Association’s report, 2015. This has resulted in companies offering sports drinks with stevia as the sugar substitute.

Further, consumers are seeking non-genetically modified products leading to investments by manufacturers to source and grow non-GMO stevia leaf. Moreover, government regulations, like raising awareness about the ill-effects of sugar consumption and taxation on sugary beverages, are set to benefit market growth. As per a WHO report of 2016, USD 13 billion in tax was generated from sugary products. This was to be used for promoting the health of the population and create a conducive market space for companies in the US stevia market. The region also benefits from the presence of eminent manufacturers that offer stevia sweeteners for varied applications. Such developments are projected to influence market growth.

PureCircle manufactures natural sweetener stevia, and majorly supplies it to the global food & beverage industry. The company has formulated a vast range of ingredient solutions like star leaf stevia. It has established a joint venture with sugar industry leaders for combining stevia & sugar for natural sweetener solutions for customers. It is headquartered in Chicago, the US.

 

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 & BEVERAGES 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.    NORTH AMERICA
      1. KEY GROWTH ENABLERS
      2. KEY CHALLENGES
      3. KEY PLAYERS
      4.    COUNTRY ANALYSIS
        1. UNITED STATES
        2. CANADA
  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: NORTH AMERICA STEVIA MARKET, BY FORM, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

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

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

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

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

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

TABLE 8: LEADING PLAYERS OPERATING IN NORTH AMERICA 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: NORTH AMERICA STEVIA MARKET, GROWTH POTENTIAL, BY FORM, IN 2020

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

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

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

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

FIGURE 10: NORTH AMERICA STEVIA MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020

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

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

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

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

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

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

FIGURE 17: NORTH AMERICA STEVIA MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

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

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

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