Market Overview:
The global next generation stevia market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for natural sweeteners and the rising awareness about the health benefits of stevia. The next generation stevia market can be segmented on the basis of type into liquid and powder. The liquid segment is expected to account for a larger share of the market than the powder segment during the forecast period. This can be attributed to its ease of use and convenience compared with powdered stevia products. This can be attributedtothe growing demandfor healthy, low-calorie foodsandbeverages worldwide.
Product Definition:
Next Generation Stevia is a natural, zero calorie sweetener that is derived from the stevia leaf. It offers a cleaner taste than other artificial sweeteners and contains no sugar or calories. Next Generation Stevia can be used in place of sugar or artificial sweeteners in any recipe and is safe for diabetics and people with gluten sensitivities.
Liquid:
Liquid stevia is a liquid sweetener extracted from the leaves of stevia rebaudiana plant. It has high demand in next generation stevia market on account of its unique properties such as low calorie content and zero glycemic index. The product is used to produce various food & beverage products, pharmaceuticals, nutraceuticals and cosmetics among others.
Powder:
Powder is a stevia-based product that contains active ingredients, which are extracted from leaves of the stevia plant. It can be used as an alternative to sugar and other sweeteners in food & beverages, cosmetics and pharmaceuticals industries. The global market for powder is expected to witness significant growth over the forecast period owing to increasing demand for natural sweeteners across various application areas coupled with growing awareness among consumers regarding health benefits associated with it.
Application Insights:
The food and beverages segment accounted for more than half of the overall revenue share in 2017. The product is widely used as a replacement for sugar in various functional foods and beverages including soft drinks, cakes, cookies, candy, ice cream and yogurt. In addition to its sweetening properties Stevia also has a number of health benefits which makes it an attractive ingredient in functional foods and beverages.
Nutraceuticals & pharmaceuticals are expected to be the fastest-growing application segment over the forecast period owing to rising consumer awareness regarding health issues related with added sugar intake particularly from processed food products. Moreover, regulatory bodies have issued numerous guidelines pertaining to use of stevia as an alternative for sugars such as fructose and glucose which is further anticipated to drive demand from this application segment over the coming years.
Stevia can be used not only alone but also in combination with other flavors such as chocolate chips or mint extract etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid urbanization, increasing disposable income levels and changing consumer preferences towards sugar alternatives in this region. China is one of the largest consumers of stevia due to its large population and high demand for food products that are low in calorie but taste great. The country has over 50 companies that use extraction methods such as supercritical carbon dioxide or ethanol extractions which have been proved successful in producing high-quality stevia products without any side effects.
Europe accounted for more than 25% share of global revenue in 2017 on account rising demand from countries like Germany, U.K., France, Italy and Spain where herbal based foods are considered healthy than synthetic ones owing to growing concerns about chemical exposure resulting from increased consumption of artificial sweeteners like Aspartame (NutraSweet) and Saccharin (Sweet n' Low).
Growth Factors:
- Increasing demand for natural and low-calorie sweeteners: The global market for artificial sweeteners is projected to reach USD 10.5 billion by 2021. This growth can be attributed to the increasing demand for natural and low-calorie sweeteners as a result of the growing awareness about the health hazards associated with artificial sweeteners. Next generation stevia products are considered as natural and healthy alternatives to artificial sweeteners, which is expected to drive their demand in the coming years.
- Rising consumer preference for healthier foods: There has been a shift in consumer preferences towards healthier foods in recent years, which has led to an increase in demand for naturally derived ingredients such as stevia extracts. Next generation stevia products offer several health benefits such as weight management, diabetes control, etc., which is expected to boost their popularity among consumers in the coming years.
- Growing acceptance of stevia among food manufacturers: Stevia has gained acceptance among food manufacturers due its unique properties such as sweetness intensity, calorie reduction potential, etc., This growing acceptance is likely to propel the growth of next generation stevia products over the forecast period..
Scope Of The Report
Report Attributes
Report Details
Report Title
Next Generation Stevia Market Research Report
By Type
Liquid, Powder
By Application
Food and Beverages, Nutraceuticals and Pharmaceuticals, Others
By Companies
Cargill, PureCircle, GLG Life Tech Corporation, Ingredion Incorporated, SweeGen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Next Generation Stevia Market Report Segments:
The global Next Generation Stevia market is segmented on the basis of:
Types
Liquid, Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverages, Nutraceuticals and Pharmaceuticals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cargill
- PureCircle
- GLG Life Tech Corporation
- Ingredion Incorporated
- SweeGen
Highlights of The Next Generation Stevia Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Liquid
- Powder
- By Application:
- Food and Beverages
- Nutraceuticals and Pharmaceuticals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Next Generation Stevia Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Next Generation Stevia is a new type of stevia that has been developed to be more effective and sustainable than traditional stevia. Next Generation Stevia is made from the same plant species as traditional stevia, but it has been modified to produce a higher level of sweetness.
Some of the major players in the next generation stevia market are Cargill, PureCircle, GLG Life Tech Corporation, Ingredion Incorporated, SweeGen.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Next Generation Stevia Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Next Generation Stevia Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Next Generation Stevia Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Next Generation Stevia Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Next Generation Stevia Market Size & Forecast, 2018-2028
4.5.1 Next Generation Stevia Market Size and Y-o-Y Growth
4.5.2 Next Generation Stevia Market Absolute $ Opportunity
Chapter 5 Global Next Generation Stevia Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Next Generation Stevia Market Size Forecast by Type
5.2.1 Liquid
5.2.2 Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Next Generation Stevia Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Next Generation Stevia Market Size Forecast by Applications
6.2.1 Food and Beverages
6.2.2 Nutraceuticals and Pharmaceuticals
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Next Generation Stevia Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Next Generation Stevia Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Next Generation Stevia Analysis and Forecast
9.1 Introduction
9.2 North America Next Generation Stevia Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Next Generation Stevia Market Size Forecast by Type
9.6.1 Liquid
9.6.2 Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Next Generation Stevia Market Size Forecast by Applications
9.10.1 Food and Beverages
9.10.2 Nutraceuticals and Pharmaceuticals
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Next Generation Stevia Analysis and Forecast
10.1 Introduction
10.2 Europe Next Generation Stevia Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Next Generation Stevia Market Size Forecast by Type
10.6.1 Liquid
10.6.2 Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Next Generation Stevia Market Size Forecast by Applications
10.10.1 Food and Beverages
10.10.2 Nutraceuticals and Pharmaceuticals
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Next Generation Stevia Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Next Generation Stevia Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Next Generation Stevia Market Size Forecast by Type
11.6.1 Liquid
11.6.2 Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Next Generation Stevia Market Size Forecast by Applications
11.10.1 Food and Beverages
11.10.2 Nutraceuticals and Pharmaceuticals
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Next Generation Stevia Analysis and Forecast
12.1 Introduction
12.2 Latin America Next Generation Stevia Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Next Generation Stevia Market Size Forecast by Type
12.6.1 Liquid
12.6.2 Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Next Generation Stevia Market Size Forecast by Applications
12.10.1 Food and Beverages
12.10.2 Nutraceuticals and Pharmaceuticals
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Next Generation Stevia Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Next Generation Stevia Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Next Generation Stevia Market Size Forecast by Type
13.6.1 Liquid
13.6.2 Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Next Generation Stevia Market Size Forecast by Applications
13.10.1 Food and Beverages
13.10.2 Nutraceuticals and Pharmaceuticals
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Next Generation Stevia Market: Competitive Dashboard
14.2 Global Next Generation Stevia Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cargill
14.3.2 PureCircle
14.3.3 GLG Life Tech Corporation
14.3.4 Ingredion Incorporated
14.3.5 SweeGen
