Global 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 (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global Stevia Market
Global Stevia Market is expected to be growing at a growth rate of 8.95% in the forecast period of 2021 to 2028 and is projected to reach USD 1,284.7 million by 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of global stevia market is the growing awareness of the public across the globe about healthier food alternatives especially among obese and diabetic individuals.
Stevia is a natural occurring sweetener and another to sugar derived from the leaves of the Brazilian and Paraguayan plant species Stevia rebaudiana. Steviol glycosides square measure the actively gift compounds within the plant, and that they have thirty to a hundred and fifty times a lot of sweetness than of sugar, they're heat-stable, pH-stable and aren't possible. Stevia is on the market in pulverized, liquid, and leaf shape, and is employed for applications like bakeshop, farm food merchandise, beverages, confectioneries, dietary supplements, and others.
The stevia market is majorly driven by the increase in demand of customer of natural sugar alternatives, beverages made up of zero calorie or zero sugar, and healthy food options in their diet. The demand of stevia is also driven by the increase in disposable income among individuals which shifts them to adopt healthy food habits and substitutes, the trend of using plant based products is yet another key reason for the rise in stevia market. The increase in demand of dietary foods and beverages and constantly innovation of stevia based products led to substantial growth of the market. Furthermore, Government schemes and the growing variety of Stevia based products in the market aids the stevia Market
On the flip side, volatility in the price of stevia leaves is a major barrier in the growth of stevia market. The seasonal availability and crop yield impacts the demand for stevia, which directly links to shortage in supplies and higher prices. Intense pricing pressure among the vendors will yet again hamper the market growth rate.
This 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 localized market players, analyses opportunities in terms of emerging revenue market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info 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.
Global Stevia Market Scope and Market Size
The stevia market is segmented based on extract type, application, form and distribution channel. The growth among segments helps you analyze 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.
Stevia Market Country Level Analysis
The Stevia market is analyzed and market size insights and trends are provided by country, extract type, application, form and distribution channel as referenced above.
The countries covered in the stevia market report country are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.
Asia-Pacific region dominate the stevia market and will continue to excel its trend of dominance during the forecast period due to rising per capita income of the people and with the rise of capital investments from many multinational corporations, the increased focus of the manufacturers on product innovations and increased expenditure for research and development proficiencies in regards to the incorporation of advanced technologies. North America will register the highest CAGR for the forecast period owing to the rising popularity of brands, growing personal disposable income, growth and expansion of consumer food and beverage industry in this region
The country section of the 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 Global Stevia Market Share Analysis
The 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 stevia market.
The major players covered in the 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 domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.