Stevia Market
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[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”3/4″][vc_message]Inkwood Research estimates that the global stevia market will record a CAGR of 7.24% during the forecast period, and will reach revenue of $828.02 million by 2028. The base year considered for the study is 2020, and the estimated period is between 2021 and 2028. Stevia is a naturally occurring sweetener with low calories and glycemic index. It is roughly 200 times sweetened than the typical sweeteners. It has various applications in industries such as pharmaceuticals and food & beverage. The rising demand for natural sweeteners above artificial sweeteners is projected to offer massive prospects for market growth during the forecast period.

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GLOBAL STEVIA MARKET FORECAST 2021-2028

Global Stevia Market by Form (Powder, Liquid, Leaf, Others) by Application (Bakery, Dairy Food Products, Beverages, Dietary Supplements, Confectionery, Other Applications) and by Geography

Request free sample[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_tta_tabs style=”tab_style3″ active_section=”1″][vc_tta_section title=”Report Summary” tab_id=”1475833031039-7bedc447-8e15″][vc_column_text]Inkwood Research estimates that the global stevia market will record a CAGR of 7.24% during the forecast period, and will reach revenue of $828.02 million by 2028. The base year considered for the study is 2020, and the estimated period is between 2021 and 2028.

Stevia is a naturally occurring sweetener with low calories and glycemic index. It is roughly 200 times sweetened than the typical sweeteners. It has various applications in industries such as pharmaceuticals and food & beverage. The rising demand for natural sweeteners above artificial sweeteners is projected to offer massive prospects for market growth during the forecast period.
Stevia Market

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Key factors driving the global stevia market growth are:

  • Widening applications of stevia in the food & beverage industry
  • Rising demand among diabetic and obese consumers
  • Increasing consumer inclination toward clean-label
    • The awareness of clean-label food among customers has urged companies to replace high-calorie polyols with natural sweeteners.
    • As per the Stevia Institute internal survey, around 60% of Americans favor low-calorie sugar alcohols in their food. Hence, several companies, including Nestle, PepsiCo, Coca-Cola, Groupe Danone, Grupo Bimbo, Kraft Heinz, etc., have publicly committed to eliminating synthetic sweeteners from their products.
  • Surge in demand for natural sweeteners

Key market growth restraints:

  • Easy availability of substitutes
    • Stevia has gained high traction due to the various sectors in the food & beverage industry and pharmaceutical industry. However, there are many substitutes for stevia available in the market.
    • Thus, the availability of such natural sweeteners poses a potential threat to the stevia market that is expected to hamper the value sales growth in the future.
  • Limited production and price fluctuation of stevia leaf

The report scope of the global stevia market covers the segmentation analysis of form and application.

Market by Application:

  • Bakery
  • Dairy Food Products
    • Dairy food products are the fastest-growing application.
    • Stevia is a valuable ingredient in reducing sugars in dairy applications. Its benefits include superb stability and flexibility of usage in a wide category of dairy products, such as ice cream, flavored milk, and yogurt.
    • The leading manufacturers of dairy products are gradually adopting stevia for low-sugar formulations, as it can be incorporated alone or in combination with sugar or other high-intensity sweeteners.
  • Beverages
  • Dietary Supplements
  • Confectionery
  • Other Applications

Geographically, the global stevia market has been segmented on the basis of four major regions, which includes:

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Spain, Belgium, Poland, Russia, and Rest of Europe
    • The Europe stevia market is estimated to record the highest CAGR.
    • The food & drink industry is the largest manufacturing sector in terms of turnover and employment in Europe. It contributes majorly to Europe’s economy. The food and drink industry in the EU is a resilient and robust sector, and has been witnessing stable growth.
  • Asia Pacific: China, Japan, India, South Korea, Thailand, Indonesia, Vietnam, Australia & New Zealand, and Rest of Asia Pacific
  • Rest of World: Latin America, the Middle East & Africa

The major players in the global stevia market are:

  • Evolva Holdings
  • Stevia Corp
  • PureCircle
  • Cargill Inc
  • Others

Key strategies adopted by some of these companies:

  • In December 2020, Tate & Lyle PLC (Tate & Lyle), announced the acquisition of Sweet Green Fields (SGF), a leading global stevia solutions business.
  • In December 2019, Ingredion and SweeGen extended their agreement for three more years to distribute SweeGen’s stevia sweeteners.

Key findings of the global stevia market:

  • The growing demand for natural sweeteners is proliferating market growth.
  • Powder is the fastest-growing form in the global stevia market.
  • The increasing adoption of stevia for animal feed is another factor fueling market growth.

 

Frequently Asked Questions & Answers (FAQs):

  • Which form of stevia is anticipated to dominate the overall market?

A: Liquid stevia is anticipated to dominate the overall market.

  • Which country offers lucrative growth opportunities for the stevia market?

A: Italy offers lucrative growth opportunities for the stevia market.

  • Which are the top companies operating in the Stevia Market?

A: PureCircle, Cargill Inc, Evolva Holdings, etc., are among the top companies operating in the stevia market.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Table of Contents” tab_id=”1475833031119-d3116813-2493″][vc_column_text]

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

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – STEVIA

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

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

TABLE 4: GLOBAL POWDER MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 5: GLOBAL POWDER MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 6: GLOBAL LIQUID MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 7: GLOBAL LIQUID MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 8: GLOBAL LEAF MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 9: GLOBAL LEAF MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 10: GLOBAL OTHERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 11: GLOBAL OTHERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 12: GLOBAL STEVIA MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 13: GLOBAL STEVIA MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 14: GLOBAL BAKERY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 15: GLOBAL BAKERY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 16: GLOBAL DAIRY FOOD PRODUCTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 17: GLOBAL DAIRY FOOD PRODUCTS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 18: GLOBAL BEVERAGES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 19: GLOBAL BEVERAGES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 20: GLOBAL DIETARY SUPPLEMENTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 21: GLOBAL DIETARY SUPPLEMENTS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 22: GLOBAL CONFECTIONERY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 23: GLOBAL CONFECTIONERY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 24: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 25: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 26: GLOBAL STEVIA MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 27: GLOBAL STEVIA MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 28: NORTH AMERICA STEVIA MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 29: NORTH AMERICA STEVIA MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 30: LEADING PLAYERS OPERATING IN NORTH AMERICA STEVIA MARKET

TABLE 31: EUROPE STEVIA MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 32: EUROPE STEVIA MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 33: LEADING PLAYERS OPERATING IN EUROPE STEVIA MARKET

TABLE 34: ASIA PACIFIC STEVIA MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 35: ASIA PACIFIC STEVIA MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 36: LEADING PLAYERS OPERATING IN ASIA PACIFIC STEVIA MARKET

TABLE 37: REST OF WORLD STEVIA MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 38: REST OF WORLD STEVIA MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 39: LEADING PLAYERS OPERATING IN REST OF THE WORLD 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: GLOBAL STEVIA MARKET, GROWTH POTENTIAL, BY FORM, IN 2020

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

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

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

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

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

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

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

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

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

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

FIGURE 16: GLOBAL 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)

FIGURE 20: EUROPE STEVIA MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 21: UNITED KINGDOM STEVIA MARKET, 2021-2028 (IN $ MILLION)

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

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

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

FIGURE 25: SPAIN STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 26: RUSSIA STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 27: BELGIUM STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 28: POLAND STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 29: REST OF EUROPE STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 30: ASIA PACIFIC STEVIA MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 31: CHINA STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 32: JAPAN STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 33: INDIA STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 34: SOUTH KOREA STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 35: INDONESIA STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 36: THAILAND STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 37: VIETNAM STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 38: AUSTRALIA & NEW ZEALAND STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 39: REST OF ASIA PACIFIC STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 40: REST OF WORLD STEVIA MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 41: LATIN AMERICA STEVIA MARKET, 2021-2028 (IN $ MILLION)

FIGURE 42: MIDDLE EAST & AFRICA STEVIA MARKET, 2021-2028 (IN $ MILLION)

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  1. MARKET BY FORM
    • POWDER
    • LIQUID
    • LEAF
    • OTHERS
  2. MARKET BY APPLICATION
    • BAKERY
    • DAIRY FOOD PRODUCTS
    • BEVERAGES
    • DIETARY SUPPLEMENTS
    • CONFECTIONERY
    • OTHER APPLICATIONS
  3. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    •     EUROPE
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • SPAIN
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    •     ASIA PACIFIC
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    •    REST OF WORLD
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    REGIONAL ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST & AFRICA
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