Market Overview:
The global stevia rebaudiana extract market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for natural sweeteners and growing awareness about the benefits of stevia rebaudiana extract over other artificial sweeteners. Based on type, the powder stevia rebaudiana extract segment is projected to account for a larger share of the global market in 2018. This can be attributed to its easy availability and low cost as compared to other types of stevia extracts. However, with technological advancements in extraction methods, solution stevia Rebaudiana extracts are expected to witness higher growth rates during the forecast period. On basis of application, food & beverage segment is anticipated hold major share in terms revenue generated by global Stevia Rebaudiana Extract Market throughout forecast period .This owing high demand from consumers for healthy foods and beverages that are low calorie or sugar free across globe .
Product Definition:
A sweetener made from the leaves of the stevia plant, which is native to South America. Stevia rebaudiana extract is used as a sugar substitute in foods and beverages. It has a negligible effect on blood sugar levels and is considered safe for people with diabetes.
Powder Stevia Rebaudiana Extract:
Powder stevia rebaudiana extract is a concentrated liquid made from the leaves of Stevia rebaudiana plant. It has high potential for use as sweetener in food & beverages and pharmaceuticals industries. The extract is considered safe by FDA andGRAS (Generally Recognized As Safe).
Solution Stevia Rebaudiana Extract:
Solution stevia rebaudiana extract is a concentrated liquid extracted from the leaves of Stevia rebaudiana. It has high potential to be used as an active ingredient in food and beverage products due to its sweetening property. The extract is considered safe for use in pharmaceuticals and nutraceutical products on account of being non-toxic, non-allergic, non-carcinogenic, and having low toxicity levels.
Application Insights:
The chemical segment dominated the global Stevia Rebaudiana Extract market in terms of revenue share in 2017. The growing demand for stevia as a food additive and pharmaceutical ingredient is expected to drive growth over the forecast period. In addition, increasing R&D on stevioside, a derivative of stevia, is further anticipated to fuel industry expansion over the next eight years.
Food & beverage was the second largest application segment accounting for 21% share of total market volume in 2017 due to rising use of liquid sweeteners such as purestaviolens (Stevia extract), krystekton (a combination of stevia and erythritol) among others by major manufacturers across the globe. Other applications include medical and other uses such as cosmetics among others which are not covered under any other category.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of approximately 5% over the forecast period. This can be attributed to rising consumer awareness regarding health, fitness, and weight loss along with increasing spending on food and beverage products in this region. Asia Pacific is anticipated to emerge as the fastest-growing regional market from 2018 to 2030 owing to growing product demand from countries such as Japan, India, China, Australia among others.
The chemical application segment is expected witness significant growth due its use in manufacturing various chemicals including polymers such as polyvinyl alcohol (PVA) and ethylene glycol monobutyl ether (EGMBEE).
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 market as well.
- 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 is driving more people to seek out stevia-based products.
- Growing popularity of plant-based diets: A growing number of people are choosing plant-based diets, which often include foods that are naturally low in calories and sugar like fruits and vegetables. This trend is benefiting the stevia extract market as well.
Scope Of The Report
Report Attributes
Report Details
Report Title
Stevia Rebaudiana Extract Market Research Report
By Type
Powder Stevia Rebaudiana Extract, Solution Stevia Rebaudiana Extract
By Application
Medical, Chemical, Food & Beverage, Others
By Companies
Hughes Brothers (Inc.), Schoeck International (Germany), Dextra Group (Thailand), Pultron Composites (New Zealand), Pultrall Inc. (Canada), Sireg SpA (Italy), Kodiac Fiberglass Rebar LLC, Marshall Composites Technologies LLC, A.T.P Srl (Italy), AL-AFRAJ Group (Saudi Arabia), Hughes Brothers (Inc.), International Grating Inc. (UAE), BP Composites Ltd. (Canada), Armastek (Russia), Firep Inc. (Switzerland)
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Stevia Rebaudiana Extract Market Report Segments:
The global Stevia Rebaudiana Extract market is segmented on the basis of:
Types
Powder Stevia Rebaudiana Extract, Solution Stevia Rebaudiana Extract
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
Medical, Chemical, Food & Beverage, 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:
- Hughes Brothers (Inc.)
- Schoeck International (Germany)
- Dextra Group (Thailand)
- Pultron Composites (New Zealand)
- Pultrall Inc. (Canada)
- Sireg SpA (Italy)
- Kodiac Fiberglass Rebar LLC
- Marshall Composites Technologies LLC
- A.T.P Srl (Italy)
- AL-AFRAJ Group (Saudi Arabia)
- Hughes Brothers (Inc.)
- International Grating Inc. (UAE)
- BP Composites Ltd. (Canada)
- Armastek (Russia)
- Firep Inc. (Switzerland)
Highlights of The Stevia Rebaudiana Extract 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:
- Powder Stevia Rebaudiana Extract
- Solution Stevia Rebaudiana Extract
- By Application:
- Medical
- Chemical
- Food & Beverage
- 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 Rebaudiana Extract 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 rebaudiana extract is a natural sweetener extracted from the Stevia plant. It has zero calories and is approximately 200 times as sweet as sugar.
Some of the major companies in the stevia rebaudiana extract market are Hughes Brothers (Inc.), Schoeck International (Germany), Dextra Group (Thailand), Pultron Composites (New Zealand), Pultrall Inc. (Canada), Sireg SpA (Italy), Kodiac Fiberglass Rebar LLC, Marshall Composites Technologies LLC, A.T.P Srl (Italy), AL-AFRAJ Group (Saudi Arabia), Hughes Brothers (Inc.), International Grating Inc. (UAE), BP Composites Ltd. (Canada), Armastek (Russia), Firep Inc. (Switzerland).
The stevia rebaudiana extract market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Stevia Rebaudiana Extract 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 Rebaudiana Extract Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stevia Rebaudiana Extract 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 Rebaudiana Extract 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 Rebaudiana Extract Market Size & Forecast, 2020-2028
4.5.1 Stevia Rebaudiana Extract Market Size and Y-o-Y Growth
4.5.2 Stevia Rebaudiana Extract 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 Powder Stevia Rebaudiana Extract
5.2.2 Solution Stevia Rebaudiana Extract
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 Medical
6.2.2 Chemical
6.2.3 Food & Beverage
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stevia Rebaudiana Extract 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 Rebaudiana Extract 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 Powder Stevia Rebaudiana Extract
9.6.2 Solution Stevia Rebaudiana Extract
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 Medical
9.10.2 Chemical
9.10.3 Food & Beverage
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 Powder Stevia Rebaudiana Extract
10.6.2 Solution Stevia Rebaudiana Extract
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 Medical
10.10.2 Chemical
10.10.3 Food & Beverage
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 Powder Stevia Rebaudiana Extract
11.6.2 Solution Stevia Rebaudiana Extract
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 Medical
11.10.2 Chemical
11.10.3 Food & Beverage
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 Powder Stevia Rebaudiana Extract
12.6.2 Solution Stevia Rebaudiana Extract
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 Medical
12.10.2 Chemical
12.10.3 Food & Beverage
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 Powder Stevia Rebaudiana Extract
13.6.2 Solution Stevia Rebaudiana Extract
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 Medical
13.10.2 Chemical
13.10.3 Food & Beverage
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 Rebaudiana Extract Market: Competitive Dashboard
14.2 Global Stevia Rebaudiana Extract Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hughes Brothers (Inc.)
14.3.2 Schoeck International (Germany)
14.3.3 Dextra Group (Thailand)
14.3.4 Pultron Composites (New Zealand)
14.3.5 Pultrall Inc. (Canada)
14.3.6 Sireg SpA (Italy)
14.3.7 Kodiac Fiberglass Rebar LLC
14.3.8 Marshall Composites Technologies LLC
14.3.9 A.T.P Srl (Italy)
14.3.10 AL-AFRAJ Group (Saudi Arabia)
14.3.11 Hughes Brothers (Inc.)
14.3.12 International Grating Inc. (UAE)
14.3.13 BP Composites Ltd. (Canada)
14.3.14 Armastek (Russia)
14.3.15 Firep Inc. (Switzerland)
