Market Overview:
The global stevia extract 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 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. The global stevia extract market is segmented on the basis of type, application and region. On the basis of type, reb A dominates the market and is followed by reb M, reb D and others. Reb A has high sweetness intensity as compared to other types and thus commands a major share in terms of volume in this segment. On account of its growing popularity among consumers due to its low calorie content and natural flavor profile, Reb A is expected witness significant growth duringthe forecast period from 2018-2030. By application, pharmaceuticals accounts for majority share in terms of value in this market followed by foods & beverages sector .
Product Definition:
A plant-based sweetener made from the leaves of the Stevia rebaudiana Bertoni plant, stevia extract is 200 to 300 times sweeter than sugar and has a negligible effect on blood glucose levels. It is available in liquid and powdered forms, and can be used as a tabletop sweetener or in recipes. Stevia extract is often used by people with diabetes or those who are trying to cut down on their sugar intake.
Reb A:
Reb A is a type of stevia extract, which is produced from the leaves of Stevia rebaudiana plant. It has high sweetening power and low-calorie content as compared to conventional sugar. The product also contains some minerals like iron, calcium, potassium and magnesium along with vitamins B1 & B2 in small quantities making it more nutritious than regular white sugar.
Stevia rebaudiana plants are native to South America.
Reb M:
Reb M is a natural sweetener extracted from stevia. It has the ability to sweeten both, taste and flavor of any food or beverage without raising the glycemic index. It can be used as an alternative to any high-calorie sugar and artificial sweeteners like aspartame, saccharin, sucralose etc.
Stevia rebaudiana extract is commercially available in two forms - liquid.
Application Insights:
Foods emerged as the largest segment in 2017 and is anticipated to witness a CAGR of XX% from 2018 to 2030. Rising demand for stevia-based products in countries such as Argentina, Brazil and India owing to increasing awareness regarding health benefits is expected to drive the growth over the forecast period. In addition, stringent regulations on artificial sweeteners by regulatory bodies including FDA are projected to fuel industry expansion over the coming years. Stevioside plays an important role in food & beverage processing; it can be used directly or after conversion into Reb A1, Reb A2 or Reb M (both are glycosides). The others segment includes pharmaceuticals and cosmetics industries; stevia extract finds applications there too. Increasing usage of steviolglycosides for manufacturing medicines is expected drive product demand over the forecast period (2016 - 2030).
Regional Analysis:
North America was the largest market for stevia extracts, accounting for a share of more than 30.0% in 2017. The region is expected to maintain its dominance over the forecast period as well due to high product demand and awareness regarding its health benefits. In addition, growing acceptance of natural products in the region is also expected to drive growth over the next eight years.
Asia Pacific is anticipated to be one of the fastest-growing regions owing to rapid urbanization and increasing disposable income levels among consumers in emerging economies such as China and India.
China accounted for a major share within Asia Pacific owing to strong government support towards development initiatives undertaken by domestic manufacturers along with global suppliers including Cargill Inc.
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 switch to stevia as a healthier alternative to other sweeteners.
- Growing popularity of zero-calorie beverages: A large number of consumers are now looking for drinks that are not only low in calories but also free from artificial additives and flavors. Stevia extract can be used to provide these qualities without compromising on taste or sweetness levels.
- . increasing use in food products: Stevia extract has found widespread application in a variety of food products such as confectioneries, baked goods, dairy products, etc., owing its natural flavor and sweetness profile .This is likely to boost the growth prospects of the market in the coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Stevia Extract Market Research Report
By Type
Reb A, Reb M, Reb D, Others
By Application
Pharmaceutical, Foods, Cosmetics, Others
By Companies
Purecircle Limited, Qufu Xiangzhou Stevia, Layn, Zhucheng Haotian, Cargill (Evolva), Sunwin Stevia International, GLG Life Tech, Tate & Lyle, Morita Kagakau Kogyo, Tianjin Jianfeng, Hunan NutraMax, HuZhou LiuYin Biological
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Stevia Extract Market Report Segments:
The global Stevia Extract market is segmented on the basis of:
Types
Reb A, Reb M, Reb D, 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:
- Purecircle Limited
- Qufu Xiangzhou Stevia
- Layn
- Zhucheng Haotian
- Cargill (Evolva)
- Sunwin Stevia International
- GLG Life Tech
- Tate & Lyle
- Morita Kagakau Kogyo
- Tianjin Jianfeng
- Hunan NutraMax
- HuZhou LiuYin Biological
Highlights of The Stevia 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:
- Reb A
- Reb M
- Reb D
- 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 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 that comes from the Stevia plant. It is a white powder that can be used in place of sugar or other sweeteners.
Some of the major players in the stevia extract market are Purecircle Limited, Qufu Xiangzhou Stevia, Layn, Zhucheng Haotian, Cargill (Evolva), Sunwin Stevia International, GLG Life Tech, Tate & Lyle, Morita Kagakau Kogyo, Tianjin Jianfeng, Hunan NutraMax, HuZhou LiuYin Biological.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Stevia Extract Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Stevia Extract Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Stevia Extract Market - Supply Chain
4.5. Global Stevia Extract Market Forecast
4.5.1. Stevia Extract Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Stevia Extract Market Size (000 Units) and Y-o-Y Growth
4.5.3. Stevia Extract Market Absolute $ Opportunity
5. Global Stevia Extract Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Stevia Extract Market Size and Volume Forecast by Type
5.3.1. Reb A
5.3.2. Reb M
5.3.3. Reb D
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Stevia Extract Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Stevia Extract Market Size and Volume Forecast by Application
6.3.1. Pharmaceutical
6.3.2. Foods
6.3.3. Cosmetics
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Stevia Extract Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Stevia Extract Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Stevia Extract Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Stevia Extract Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Stevia Extract Demand Share Forecast, 2019-2026
9. North America Stevia Extract Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Stevia Extract Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Stevia Extract Market Size and Volume Forecast by Application
9.4.1. Pharmaceutical
9.4.2. Foods
9.4.3. Cosmetics
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Stevia Extract Market Size and Volume Forecast by Type
9.7.1. Reb A
9.7.2. Reb M
9.7.3. Reb D
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Stevia Extract Demand Share Forecast, 2019-2026
10. Latin America Stevia Extract Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Stevia Extract Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Stevia Extract Market Size and Volume Forecast by Application
10.4.1. Pharmaceutical
10.4.2. Foods
10.4.3. Cosmetics
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Stevia Extract Market Size and Volume Forecast by Type
10.7.1. Reb A
10.7.2. Reb M
10.7.3. Reb D
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Stevia Extract Demand Share Forecast, 2019-2026
11. Europe Stevia Extract Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Stevia Extract Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Stevia Extract Market Size and Volume Forecast by Application
11.4.1. Pharmaceutical
11.4.2. Foods
11.4.3. Cosmetics
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Stevia Extract Market Size and Volume Forecast by Type
11.7.1. Reb A
11.7.2. Reb M
11.7.3. Reb D
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Stevia Extract Demand Share, 2019-2026
12. Asia Pacific Stevia Extract Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Stevia Extract Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Stevia Extract Market Size and Volume Forecast by Application
12.4.1. Pharmaceutical
12.4.2. Foods
12.4.3. Cosmetics
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Stevia Extract Market Size and Volume Forecast by Type
12.7.1. Reb A
12.7.2. Reb M
12.7.3. Reb D
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Stevia Extract Demand Share, 2019-2026
13. Middle East & Africa Stevia Extract Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Stevia Extract Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Stevia Extract Market Size and Volume Forecast by Application
13.4.1. Pharmaceutical
13.4.2. Foods
13.4.3. Cosmetics
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Stevia Extract Market Size and Volume Forecast by Type
13.7.1. Reb A
13.7.2. Reb M
13.7.3. Reb D
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Stevia Extract Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Stevia Extract Market: Market Share Analysis
14.2. Stevia Extract Distributors and Customers
14.3. Stevia Extract Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Purecircle Limited
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Qufu Xiangzhou Stevia
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Layn
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zhucheng Haotian
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cargill (Evolva)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sunwin Stevia International
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GLG Life Tech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tate & Lyle
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Morita Kagakau Kogyo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tianjin Jianfeng
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hunan NutraMax
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. HuZhou LiuYin Biological
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
