Stevia: By Form (Stevia Leaves, Dry Extract, and Liquid Extract), By Application (Food & Beverages, Tabletop Sweeteners, Pharmaceuticals, and Others) And Region – Global Analysis of Market Size, Share & Trends for 2019–2020 And Forecasts To 2031
Stevia: By Form (Stevia Leaves, Dry Extract, and Liquid Extract), By Application (Food & Beverages, Tabletop Sweeteners, Pharmaceuticals, and Others) And Region – Global Analysis of Market Size, Share & Trends for 2019–2020 And Forecasts To 2031
PRODUCT OVERVIEW
Stevia derived from the Stevia Rebaudiana plant species is a natural sweetener substance. It's a calorie-free, all-natural sweetener that's more times sweeter than sugar. Flavones, triterpenoids, tannin, caffeic acid, kaempferol, as well as quercetin are among the antioxidant chemicals found in stevia. Consumers are increasingly replacing sugar with stevia due to greater awareness and a slew of health benefits linked with its use. Many food and beverage companies are using it in caffeine, tea, smoothies, and yoghurt to provide goods with less calories. Stevia is recognized to provide a number of health benefits, including diabetes control, weight loss, and blood pressure & sugar regulation.
MARKET HIGHLIGHTS
Global Stevia market is expected to project a notable CAGR of 9% in 2031.
Global Stevia to surpass USD 1,564.8 million by 2031 from USD 662.4 million in 2021 at a CAGR of 9% in the coming years, i.e., 2021-31. The growing knowledge of the health advantages of reduced consumables is a primary driving force behind market expansion. With its zero-calorie feature, stevia is anticipated to be the ideal sugar replacement as the increase in number of obese & diabetic people rises.
GLOBAL STEVIA: SEGMENTS
Dry Extract segment to grow with the highest CAGR during 2021-31
The market is divided into three categories based on form: Stevia Leaves, Dry Extract, and Liquid Extract. Dry Extract Stevia had the most market share and also is expected to continue to do so during the projection period. Due to its low cost and widespread use in precision manufacturing and assembly, dry stevia powder is often preferred. Liquid stevia, on the other hand, is expected to develop at the fastest rate due to an increase in commercial-scale uses, since they are concentrated & only a small amount is required.
Food & Beverages segment to grow with the highest CAGR during 2021-31
The market is segmented by application into Food & Beverages, Tabletop Sweeteners, Pharmaceuticals, and Others. Food and beverages has been the leading sector in the worldwide stevia market, depending on application, as stevia is among the most widely utilized components & food additives in the foodservice industry. It's also used in beverages to improve flavor, prevent fermentation and discoloration, and minimize stickiness. It also functions as an antioxidant & also has a high heat resistance, which contributes to its popularity in the food and beverage industry. Furthermore, it is used as a natural stabilizer in a variety of dairy products, confectioneries, beverages, as well as other culinary items. As a result, all of these reasons contribute to the increased need for stevia sweetener in the food and beverage industry.
MARKET DYNAMICS
Drivers
Increasing demands for sugar replacement
Rising government initiatives and advancements
Restraint
Fluctuations in stevia leaf prices
GLOBAL STEVIA:
Key Players
Stevia Segments:
PRODUCT OVERVIEW
Stevia derived from the Stevia Rebaudiana plant species is a natural sweetener substance. It's a calorie-free, all-natural sweetener that's more times sweeter than sugar. Flavones, triterpenoids, tannin, caffeic acid, kaempferol, as well as quercetin are among the antioxidant chemicals found in stevia. Consumers are increasingly replacing sugar with stevia due to greater awareness and a slew of health benefits linked with its use. Many food and beverage companies are using it in caffeine, tea, smoothies, and yoghurt to provide goods with less calories. Stevia is recognized to provide a number of health benefits, including diabetes control, weight loss, and blood pressure & sugar regulation.
MARKET HIGHLIGHTS
Global Stevia market is expected to project a notable CAGR of 9% in 2031.
Global Stevia to surpass USD 1,564.8 million by 2031 from USD 662.4 million in 2021 at a CAGR of 9% in the coming years, i.e., 2021-31. The growing knowledge of the health advantages of reduced consumables is a primary driving force behind market expansion. With its zero-calorie feature, stevia is anticipated to be the ideal sugar replacement as the increase in number of obese & diabetic people rises.
GLOBAL STEVIA: SEGMENTS
Dry Extract segment to grow with the highest CAGR during 2021-31
The market is divided into three categories based on form: Stevia Leaves, Dry Extract, and Liquid Extract. Dry Extract Stevia had the most market share and also is expected to continue to do so during the projection period. Due to its low cost and widespread use in precision manufacturing and assembly, dry stevia powder is often preferred. Liquid stevia, on the other hand, is expected to develop at the fastest rate due to an increase in commercial-scale uses, since they are concentrated & only a small amount is required.
Food & Beverages segment to grow with the highest CAGR during 2021-31
The market is segmented by application into Food & Beverages, Tabletop Sweeteners, Pharmaceuticals, and Others. Food and beverages has been the leading sector in the worldwide stevia market, depending on application, as stevia is among the most widely utilized components & food additives in the foodservice industry. It's also used in beverages to improve flavor, prevent fermentation and discoloration, and minimize stickiness. It also functions as an antioxidant & also has a high heat resistance, which contributes to its popularity in the food and beverage industry. Furthermore, it is used as a natural stabilizer in a variety of dairy products, confectioneries, beverages, as well as other culinary items. As a result, all of these reasons contribute to the increased need for stevia sweetener in the food and beverage industry.
MARKET DYNAMICS
Drivers
Increasing demands for sugar replacement
Rising government initiatives and advancements
Restraint
Fluctuations in stevia leaf prices
GLOBAL STEVIA:
Key Players
- Cargil Inc.,
- Ingredion Inc.,
- PureCircle Ltd.,
- Tate & Lyle PLC.,
- Archer Daniels Midland Company,
- Evolva, Stevia Corp.,
- GLG LIFE TECH CORP.,
- Sunwin Stevia International, Inc.
- HYET Sweet.
- Other Prominent Players
Stevia Segments:
- By Form
- Stevia Leaves
- Dry Extract
- Liquid Extract
- By Application
- Food & Beverages
- Tabletop Sweeteners
- Pharmaceuticals
- Others
- Stevia Dynamics
- Stevia Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1 Regional Market Share
1.2. Business Trends
1.3. Global Stevia Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Global Stevia Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 GLOBAL STEVIA MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 GLOBAL STEVIA MARKET
10.1. Overview
10.2. Historical Analysis (2016-2020)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 GLOBAL STEVIA MARKET SIZE & FORECAST 2021A-2031F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Form
11.3.1.1. Stevia-Leaves
11.3.1.1.1. By Value (USD Million) 2021-2031F
11.3.1.1.2. Market Share (%) 2021-2031F
11.3.1.1.3. Y-o-Y Growth (%) 2021-2031F
11.3.1.2. Dry Extract
11.3.1.2.1. By Value (USD Million) 2021-2031F
11.3.1.2.2. Market Share (%) 2021-2031F
11.3.1.2.3. Y-o-Y Growth (%) 2021-2031F
11.3.1.3. Liquid Extract
11.3.1.3.1. By Value (USD Million) 2021-2031F
11.3.1.3.2. Market Share (%) 2021-2031F
11.3.1.3.3. Y-o-Y Growth (%) 2021-2031F
11.3.2. By Application
11.3.2.1. Food & Beverages
11.3.2.1.1. By Value (USD Million) 2021-2031F
11.3.2.1.2. Market Share (%) 2021-2031F
11.3.2.1.3. Y-o-Y Growth (%) 2021-2031F
11.3.2.2. Tabletop Sweeteners
11.3.2.2.1. By Value (USD Million) 2021-2031F
11.3.2.2.2. Market Share (%) 2021-2031F
11.3.2.2.3. Y-o-Y Growth (%) 2021-2031F
11.3.2.3. Pharmaceuticals
11.3.2.3.1. By Value (USD Million) 2021-2031F
11.3.2.3.2. Market Share (%) 2021-2031F
11.3.2.3.3. Y-o-Y Growth (%) 2021-2031F
11.3.2.4. Others
11.3.2.4.1. By Value (USD Million) 2021-2031F
11.3.2.4.2. Market Share (%) 2021-2031F
11.3.2.4.3. Y-o-Y Growth (%) 2021-2031F
12 NORTH AMERICA STEVIA MARKET SIZE & FORECAST 2021A-2031F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Form
12.3.2. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE STEVIA MARKET SIZE & FORECAST 2021A-2031F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Form
13.3.2. By Application
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA STEVIA MARKET SIZE & FORECAST 2021A-2031F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Form
14.3.2. By Application
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA STEVIA MARKET SIZE & FORECAST 2021A-2031F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Form
15.3.2. By Application
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA STEVIA MARKET SIZE & FORECAST 2021A-2031F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Form
16.3.2. By Application
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. Cargil Inc
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Ingredion Inc.
18.3. PureCircle Ltd.
18.4. Tate & Lyle PLC.
18.5. Archer Daniels Midland Company
18.6. Evolva, Stevia Corp.
18.7. GLG LIFE TECH CORP.
18.8. Sunwin Stevia International, Inc.
18.9. HYET Sweet
18.10. Other Prominent Players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
1.1 Regional Market Share
1.2. Business Trends
1.3. Global Stevia Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Global Stevia Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 GLOBAL STEVIA MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 GLOBAL STEVIA MARKET
10.1. Overview
10.2. Historical Analysis (2016-2020)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 GLOBAL STEVIA MARKET SIZE & FORECAST 2021A-2031F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Form
11.3.1.1. Stevia-Leaves
11.3.1.1.1. By Value (USD Million) 2021-2031F
11.3.1.1.2. Market Share (%) 2021-2031F
11.3.1.1.3. Y-o-Y Growth (%) 2021-2031F
11.3.1.2. Dry Extract
11.3.1.2.1. By Value (USD Million) 2021-2031F
11.3.1.2.2. Market Share (%) 2021-2031F
11.3.1.2.3. Y-o-Y Growth (%) 2021-2031F
11.3.1.3. Liquid Extract
11.3.1.3.1. By Value (USD Million) 2021-2031F
11.3.1.3.2. Market Share (%) 2021-2031F
11.3.1.3.3. Y-o-Y Growth (%) 2021-2031F
11.3.2. By Application
11.3.2.1. Food & Beverages
11.3.2.1.1. By Value (USD Million) 2021-2031F
11.3.2.1.2. Market Share (%) 2021-2031F
11.3.2.1.3. Y-o-Y Growth (%) 2021-2031F
11.3.2.2. Tabletop Sweeteners
11.3.2.2.1. By Value (USD Million) 2021-2031F
11.3.2.2.2. Market Share (%) 2021-2031F
11.3.2.2.3. Y-o-Y Growth (%) 2021-2031F
11.3.2.3. Pharmaceuticals
11.3.2.3.1. By Value (USD Million) 2021-2031F
11.3.2.3.2. Market Share (%) 2021-2031F
11.3.2.3.3. Y-o-Y Growth (%) 2021-2031F
11.3.2.4. Others
11.3.2.4.1. By Value (USD Million) 2021-2031F
11.3.2.4.2. Market Share (%) 2021-2031F
11.3.2.4.3. Y-o-Y Growth (%) 2021-2031F
12 NORTH AMERICA STEVIA MARKET SIZE & FORECAST 2021A-2031F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Form
12.3.2. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE STEVIA MARKET SIZE & FORECAST 2021A-2031F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Form
13.3.2. By Application
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA STEVIA MARKET SIZE & FORECAST 2021A-2031F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Form
14.3.2. By Application
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA STEVIA MARKET SIZE & FORECAST 2021A-2031F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Form
15.3.2. By Application
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA STEVIA MARKET SIZE & FORECAST 2021A-2031F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Form
16.3.2. By Application
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. Cargil Inc
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Ingredion Inc.
18.3. PureCircle Ltd.
18.4. Tate & Lyle PLC.
18.5. Archer Daniels Midland Company
18.6. Evolva, Stevia Corp.
18.7. GLG LIFE TECH CORP.
18.8. Sunwin Stevia International, Inc.
18.9. HYET Sweet
18.10. Other Prominent Players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
