Market Overview:
The global stevia extract and stevia products market is expected to register a CAGR of XX% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for natural sweeteners, owing to their health benefits over artificial sweeteners. Additionally, the growing awareness about the harmful effects of artificial sweeteners is also propelling the demand for stevia extracts and products. The global stevia extract and stevia products market can be segmented on the basis of type into reb A Steviol glycosides, reb M Steviol glycosides, reb D Steviol glycosides, and others. The reb A Steviol glycoside segment is estimated to account for a major share in terms of revenue in 2018 and is projected to grow at a CAGR of XX% during the forecast period. This growth can be attributed to its high sweetness potency as compared to other types of steviol glycosides. Furthermore, it has low calorie content which makes it an ideal choice for weight conscious people.
Product Definition:
Stevia Extract is a sweetener that is derived from the leaves of the Stevia rebaudiana plant. It is calorie-free and has a glycemic index of zero, making it a good choice for people with diabetes or those who are trying to lose weight.
Reb A Steviol Glycosides:
Reb A steviol glycosides is a natural sweetener extracted from the leaves of Stevia rebaudiana. It has a strong sweetening property and can be used as sugar substitute in food & beverages, cosmetics, pharmaceuticals and other industries. The product is manufactured by chemical synthesis or fermentation process using microbial fermentation or enzymatic hydrolysis method.
Reb M Steviol Glycosides:
Reb M steviol glycosides are a group of natural sweeteners found in the leaves of Stevia rebaudiana. They are used as an alternative to sugar and have a similar sweetness intensity as compared to sugar. The product is commercially available in two forms, namely liquid and white powder which can be used for cooking and baking applications respectively. It has zero calories, carbohydrates, fat or protein content making it suitable for people with diabetes or calorie restricted diets.
Application Insights:
The global stevia extract and stevia products market has been segmented on the basis of application into pharmaceutical, food, cosmetics and others. The food segment dominated the overall industry in terms of revenue in 2017. This is attributed to high product demand from countries such as Japan, China and India where a high number of diabetic population resides. Moreover, increasing awareness about health benefits associated with natural ingredients including stevia is expected to boost product demand over the forecast period.
Stevia rebaudiana Bertoni is approved by U.S FDA under GRAS (Generally Recognized as Safe) status wherein it holds classification under sweeteners category along with sucralose (Splenda).
Regional Analysis:
North America was the largest market for stevia extracts and accounted for a revenue share of over 35.0% in 2017. The region is expected to witness growth owing to increasing awareness about the health benefits of natural products coupled with growing demand from end-use industries such as pharmaceutical, cosmetics, and others.
The U.S., which is one of the leading producers of reb A stevia extract, accounts for a major share in terms of consumption across North America owing to its wide usage in food & beverages as well as pharmaceutical applications resulting into high product demand in this region. Europe also holds a significant position in global market due to rising consumer awareness regarding health benefits associated with natural ingredients along with presence of prominent players operating within this industry ecosystem such as Sinovit Holdings Limited; Cargill Ltd.
Growth Factors:
- Increasing demand for natural and low-calorie sweeteners: The global market for artificial sweeteners is expected to reach USD 10.5 billion by 2020. This growing demand for healthier alternatives is expected to benefit the stevia extract and stevia products market.
- Rising awareness about the health benefits of stevia: Stevia has been shown to have a number of health benefits, including weight loss, blood sugar control, and cancer prevention. This growing awareness is likely to drive demand for stevia extract and products in the coming years.
- Growing popularity of zero-calorie beverages: A number of beverage manufacturers are offering zero-calorie options made with stevia extract as consumers become more aware of the health risks associated with sugary drinks. This trend is likely to benefit the overall market growth in the coming years.
- . increasing use in food applications: Stevia has been shown to be safe for human consumption and its use in food applications is growing rapidly as consumers seek out healthier options.. This trend is likely to continue in the coming years, driving growth in th ev ertical .
Scope Of The Report
Report Attributes
Report Details
Report Title
Stevia Extract and Stevia Products Market Research Report
By Type
Reb A Steviol Glycosides, Reb M Steviol Glycosides, Reb D Steviol Glycosides, Others
By Application
Pharmaceutical, Foods, Cosmetics, Others
By Companies
SweetLeaf, Micro Ingredients, NOW, Kiva, NuNaturals, bixa BOTANICAL
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Stevia Extract and Stevia Products Market Report Segments:
The global Stevia Extract and Stevia Products market is segmented on the basis of:
Types
Reb A Steviol Glycosides, Reb M Steviol Glycosides, Reb D Steviol Glycosides, Others
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
Pharmaceutical, Foods, 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:
- SweetLeaf
- Micro Ingredients
- NOW
- Kiva
- NuNaturals
- bixa BOTANICAL
Highlights of The Stevia Extract and Stevia Products 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 A Steviol Glycosides
- Reb M Steviol Glycosides
- Reb D Steviol Glycosides
- Others
- By Application:
- Pharmaceutical
- Foods
- 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 Extract and Stevia Products 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 extract is a natural sweetener extracted from the Stevia rebaudiana plant. Stevia products are those that contain stevia extract as their primary ingredient.
Some of the major companies in the stevia extract and stevia products market are SweetLeaf, Micro Ingredients, NOW, Kiva, NuNaturals, bixa BOTANICAL.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Stevia Extract and Stevia Products 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 Extract and Stevia Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stevia Extract and Stevia Products 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 Extract and Stevia Products 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 Extract and Stevia Products Market Size & Forecast, 2020-2028
4.5.1 Stevia Extract and Stevia Products Market Size and Y-o-Y Growth
4.5.2 Stevia Extract and Stevia Products 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 A Steviol Glycosides
5.2.2 Reb M Steviol Glycosides
5.2.3 Reb D Steviol Glycosides
5.2.4 Others
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 Pharmaceutical
6.2.2 Foods
6.2.3 Cosmetics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stevia Extract and Stevia Products 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 Extract and Stevia Products 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 A Steviol Glycosides
9.6.2 Reb M Steviol Glycosides
9.6.3 Reb D Steviol Glycosides
9.6.4 Others
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 Pharmaceutical
9.10.2 Foods
9.10.3 Cosmetics
9.10.4 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 A Steviol Glycosides
10.6.2 Reb M Steviol Glycosides
10.6.3 Reb D Steviol Glycosides
10.6.4 Others
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 Pharmaceutical
10.10.2 Foods
10.10.3 Cosmetics
10.10.4 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 A Steviol Glycosides
11.6.2 Reb M Steviol Glycosides
11.6.3 Reb D Steviol Glycosides
11.6.4 Others
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 Pharmaceutical
11.10.2 Foods
11.10.3 Cosmetics
11.10.4 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 A Steviol Glycosides
12.6.2 Reb M Steviol Glycosides
12.6.3 Reb D Steviol Glycosides
12.6.4 Others
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 Pharmaceutical
12.10.2 Foods
12.10.3 Cosmetics
12.10.4 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 A Steviol Glycosides
13.6.2 Reb M Steviol Glycosides
13.6.3 Reb D Steviol Glycosides
13.6.4 Others
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 Pharmaceutical
13.10.2 Foods
13.10.3 Cosmetics
13.10.4 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 Extract and Stevia Products Market: Competitive Dashboard
14.2 Global Stevia Extract and Stevia Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SweetLeaf
14.3.2 Micro Ingredients
14.3.3 NOW
14.3.4 Kiva
14.3.5 NuNaturals
14.3.6 bixa BOTANICAL
