Market Overview:
The global stevia-based sweetener market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for natural and healthy alternatives to sugar and artificial sweeteners. In addition, the growing awareness about the health benefits of stevia is also contributing to the growth of this market. The global stevia-based sweetener market can be segmented on the basis of type into reb D, reb M, glucosyl stevia, STV series, and Reb-A series. The Reb D segment is expected to account for a major share of the global market in terms of revenue due to its high sweetness intensity and excellent stability properties.
Product Definition:
A stevia-based sweetener is a type of sugar substitute that is derived from the leaves of the Stevia rebaudiana plant. These sweeteners are used to replace sugar in food and beverage products. Stevia-based sweeteners are important because they provide a lower calorie option for people who are looking to reduce their caloric intake.
Reb D:
Reb D is a type of stevia leaf extract, which is used as a raw material for the manufacturing of food & beverage sweeteners. It has high demand in the global market due to its low price and easy availability. The growing use of reb D by major players in their respective markets including sugar substitute and natural sweetener industry will drive growth over the next seven years.
Reb M:
Reb M is a methyl ester of stevia. It has the same sweetening power as sugar but half the calories and twice the sweetness of sugar. It can be used in any product that requires a natural sweetener like yogurt, baked goods, ice cream, etc.
It is gaining popularity among consumers due to its low cost and high potency compared to other artificial or natural alternatives which makes it suitable for use in pharmaceuticals & nutraceuticals industries too.
Application Insights:
The beverage application segment led the global stevia-based sweetener market in 2017. The growth of this segment can be attributed to the growing use of stevia in carbonated soft drinks, sports and energy drinks, juices, and water. Stevita Benelux BV developed a new type of liquid sugar substitute called ¢â‚¬ËœSTV¢â‚¬â„¢sugarless soda which is made from natural sources such as glycerol and erythritol. It has been launched in the Netherlands under the brand name Soft Drinks Exponent (SDE). This product contains no calories or carbohydrates.
In April 2018, Coca-Cola Company announced that it will trial a range of low-calorie sweeteners including rebaudioside A (RDA) and sucrose polyesterate at its bottling plant located in São Paulo city, Brazil.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to rising product demand from countries, such as Japan and China. Rising consumer awareness regarding health benefits of stevia coupled with increasing disposable income in emerging economies of Asia Pacific is anticipated to fuel industry expansion over the next eight years.
North America accounted for a significant share in global market revenue owing to high consumption of reb D and M products across U.S., followed by Canada and Mexico, respectively. Europe also contributed significantly towards industry growth due to growing consumer preference for natural sweeteners across various countries including Germany, France, Italy, Spain among others (Figure 1).
Growth Factors:
- Increasing demand for natural and low-calorie sweeteners: The global market for Stevia-based sweeteners is expected to grow at a CAGR of over 16% from 2016 to 2024. This is primarily owing to the increasing demand for natural and low-calorie sweeteners across the globe.
- Rising awareness about the health benefits of Stevia: There is a growing awareness among consumers about the health benefits of using Stevia as a sugar substitute. This is driving its adoption as a healthier alternative to other artificial sweeteners available in the market.
- Growing popularity of zero calorie beverages: A large number of consumers are now opting for zero calorie beverages, which are made with Stevia-based sweeteners instead of sugar or artificial sweeteners. This is further propelling the growth prospects of this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Stevia-based Sweetener Market Research Report
By Type
Reb D, Reb M, Glucosyl Stevia, STV Series, Reb-A Series
By Application
Beverage, Food, Health Care Products, Pharmaceutical Industry, Cosmetics, Others
By Companies
PureCircle, Haotian Pharm, Shandong Shengxiangyuan, Sunwin Stevia, Shangdong Huaxian Stevia, GLG Life Tech Corp, Qufu Tianyuan Biotechnology, Cargill, Jining Aoxing Stevia Products, Morita Kagaku Kogyo, Tate & Lyle, Chenguang Biotech Group, Biolotus Technology, Daepyung, Stevia Natura
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Stevia-based Sweetener Market Report Segments:
The global Stevia-based Sweetener market is segmented on the basis of:
Types
Reb D, Reb M, Glucosyl Stevia, STV Series, Reb-A Series
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
Beverage, Food, Health Care Products, Pharmaceutical Industry, Cosmetics, 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:
- PureCircle
- Haotian Pharm
- Shandong Shengxiangyuan
- Sunwin Stevia
- Shangdong Huaxian Stevia
- GLG Life Tech Corp
- Qufu Tianyuan Biotechnology
- Cargill
- Jining Aoxing Stevia Products
- Morita Kagaku Kogyo
- Tate & Lyle
- Chenguang Biotech Group
- Biolotus Technology
- Daepyung
- Stevia Natura
Highlights of The Stevia-based Sweetener 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:
- Reb D
- Reb M
- Glucosyl Stevia
- STV Series
- Reb-A Series
- By Application:
- Beverage
- Food
- Health Care Products
- Pharmaceutical Industry
- Cosmetics
- 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 Stevia-based Sweetener 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.
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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?
Stevia-based sweeteners are plant-based and have no calories. They are often used in place of sugar or other sweeteners in foods and beverages.
Some of the key players operating in the stevia-based sweetener market are PureCircle, Haotian Pharm, Shandong Shengxiangyuan, Sunwin Stevia, Shangdong Huaxian Stevia, GLG Life Tech Corp, Qufu Tianyuan Biotechnology, Cargill, Jining Aoxing Stevia Products, Morita Kagaku Kogyo, Tate & Lyle, Chenguang Biotech Group, Biolotus Technology, Daepyung, Stevia Natura.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Stevia-based Sweetener 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 Stevia-based Sweetener Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stevia-based Sweetener 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 Stevia-based Sweetener 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 Stevia-based Sweetener Market Size & Forecast, 2020-2028
4.5.1 Stevia-based Sweetener Market Size and Y-o-Y Growth
4.5.2 Stevia-based Sweetener Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Reb D
5.2.2 Reb M
5.2.3 Glucosyl Stevia
5.2.4 STV Series
5.2.5 Reb-A Series
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Beverage
6.2.2 Food
6.2.3 Health Care Products
6.2.4 Pharmaceutical Industry
6.2.5 Cosmetics
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stevia-based Sweetener 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 Stevia-based Sweetener 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Reb D
9.6.2 Reb M
9.6.3 Glucosyl Stevia
9.6.4 STV Series
9.6.5 Reb-A Series
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 Market Size Forecast by Applications
9.10.1 Beverage
9.10.2 Food
9.10.3 Health Care Products
9.10.4 Pharmaceutical Industry
9.10.5 Cosmetics
9.10.6 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Reb D
10.6.2 Reb M
10.6.3 Glucosyl Stevia
10.6.4 STV Series
10.6.5 Reb-A Series
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 Market Size Forecast by Applications
10.10.1 Beverage
10.10.2 Food
10.10.3 Health Care Products
10.10.4 Pharmaceutical Industry
10.10.5 Cosmetics
10.10.6 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Reb D
11.6.2 Reb M
11.6.3 Glucosyl Stevia
11.6.4 STV Series
11.6.5 Reb-A Series
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 Market Size Forecast by Applications
11.10.1 Beverage
11.10.2 Food
11.10.3 Health Care Products
11.10.4 Pharmaceutical Industry
11.10.5 Cosmetics
11.10.6 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Reb D
12.6.2 Reb M
12.6.3 Glucosyl Stevia
12.6.4 STV Series
12.6.5 Reb-A Series
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 Market Size Forecast by Applications
12.10.1 Beverage
12.10.2 Food
12.10.3 Health Care Products
12.10.4 Pharmaceutical Industry
12.10.5 Cosmetics
12.10.6 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Reb D
13.6.2 Reb M
13.6.3 Glucosyl Stevia
13.6.4 STV Series
13.6.5 Reb-A Series
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) Market Size Forecast by Applications
13.10.1 Beverage
13.10.2 Food
13.10.3 Health Care Products
13.10.4 Pharmaceutical Industry
13.10.5 Cosmetics
13.10.6 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 Stevia-based Sweetener Market: Competitive Dashboard
14.2 Global Stevia-based Sweetener Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PureCircle
14.3.2 Haotian Pharm
14.3.3 Shandong Shengxiangyuan
14.3.4 Sunwin Stevia
14.3.5 Shangdong Huaxian Stevia
14.3.6 GLG Life Tech Corp
14.3.7 Qufu Tianyuan Biotechnology
14.3.8 Cargill
14.3.9 Jining Aoxing Stevia Products
14.3.10 Morita Kagaku Kogyo
14.3.11 Tate & Lyle
14.3.12 Chenguang Biotech Group
14.3.13 Biolotus Technology
14.3.14 Daepyung
14.3.15 Stevia Natura
