Asia-Pacific Stevia Market, By Extract Type (Powder, Whole Leaf, Liquid, Tablet), Application (Dairy, Bakery and Confectionery, Table Top Sweeteners, Beverages, Convenience Foods, Others), Form (Dry, Liquid), Distribution Channel (Direct Tenders, Retail), Country (China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Asia-Pacific Stevia Market
Data Bridge Market Research analyses that the Asia-Pacific stevia market to be growing at a CAGR of 8.52% in the forecast period of 2021-2028 and is expected to reach the USD 237.59 million by 2028.
Stevia is the zero-calorie natural sweetener that derives its sweetness from its active compounds, steviol glycosides. It has 30-150 times the sweetness of sugar. It is available as powder, leaves and liquid extracts. Stevia is a natural choice to sweeten a wide variety of beverages such as fruit juices, cafes, teas, flavored waters, refrigerants and alcoholic beverages.
The rise in the prevalence of obesity and diabetes due to the high consumptions of sugar and growing number of new stevia-based product launches are the major factors attributable to the growth of stevia market. Also, rising demand for the substitutes of natural sugar, positive regulatory outlook, and increased awareness towards health will influence the growth of the stevia market. Surge in the demand for low-calorie sweeteners from food and beverages manufacturers will drive the market growth rate.
The rise in the utilization of added sugars as an ingredient limited by sugar taxes and emerging new markets will boost the growth of the stevia market.
However, fluctuation in the prices of stevia leaves and presence of alternatives will impede the growth of the stevia market. Development associated with extraction technologies and formulations will further challenge the market growth.
This Asia-Pacific stevia market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Asia-Pacific stevia market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Stevia Market Scope and Market Size
Asia-Pacific stevia market is segmented on the basis of extract type, application, form and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of extract type, the stevia market is segmented into powder, whole leaf, liquid and tablet.
- On the basis of application, the stevia market is segmented into dairy, bakery and confectionery, table top sweeteners, beverages, convenience foods and others.
- On the basis of form, the stevia market is segmented into dry and liquid.
- On the basis of distribution channel, the stevia market is segmented into direct tenders and retail.
Asia-Pacific Stevia Market Country Level Analysis
Asia-Pacific stevia market is segmented on the basis of extract type, application, form and distribution channel.
The countries covered in the Asia-Pacific stevia market report are China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, and rest of Asia-Pacific (APAC).
China dominates the Asia-Pacific stevia market and will continue to flourish its trend of dominance during the forecast period due to the presence of major key players rising demand for natural sweeteners in this region.
The country section of the Asia-Pacific stevia market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Stevia Market Share Analysis
Asia-Pacific stevia market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Asia-Pacific stevia market.
The major players covered in Asia-Pacific stevia market report are Ingredion, Tate & Lyle, Cargill, Incorporated, PureCircle, ADM, MMVIII. Biosweet Ventures, PureCircle, Hunan huacheng Biotech,Inc., GLG LIFE TECH CORP, TransIP, MORITA KAGAKU KOGYO CO., LTD., Pyure Brands LLC, S&W Seed Co., Stevia Naturals, Whole Earth Sweetener Co., LLC, Sunwin Stevia International Inc, Zhucheng HaoTian Pharm Co., Ltd., among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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