Report Feature
The future of the global stevia market looks promising with opportunities in the food and beverage industry. The global stevia market is expected to grow with a CAGR of 8%-10% from 2020 to 2025. The major drivers for this market are growing awareness of health benefits of stevia over sugar and increasing demand for new food product development with lower calorie content.
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In this market, leaf-based is the largest extract type of stevia, whereas beverages is the largest application. Growth in various segments of the stevia market are given below:
The study includes trends and forecast for the global stevia market by extract type, form, application, and region as follows:
By Extract Type [Value ($ Million) shipment analysis for 2014 – 2025]:
- Leaf
- Powdered
- Liquid
By Form [Value ($ Million) shipment analysis for 2014 – 2025]:
- Dry
- Liquid
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
- Dairy
- Bakery & Confectionery
- Tabletop Sweeteners
- Beverages
- Convenience Foods
- Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Spain
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- The Rest of the World
- Brazil
Some of the stevia companies profiled in this report include Cargill, Ingredion, Tate & Lyle, Purecircle, GLG Life Tech, Archer Daniels Midland, Sunwin Stevia International, S&W Seed, Pyure Brands, and Morita Kagakau Kogyo.
Lucintel forecasts that leaf based stevia will remain the largest extract type segment over the forecast period, as there is demand for whole leaf stevia among food & beverage manufacturers and processors.
Within this market, beverages will remain the largest application segment over the forecast period due to growing consumption of soft drinks, carbonated drinks, juices, and energy drinks with low sugar levels.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to rising disposable income and growing consumption of soft drinks, carbonated drinks, juices, and energy drinks in the region.
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Features of the Global Stevia Market |
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This report answers following key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for the global stevia market by extract type (leaf, powdered, and liquid), form (dry and liquid), application (dairy, bakery & confectionery, tabletop sweeteners, beverages, convenience foods, and others), and region (North America, Europe, Asia Pacific, and Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which region will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global stevia market? Q.5 What are the business risks and threats to the global stevia market? Q.6 What are the emerging trends in this stevia market and the reasons behind them? Q.7 What are some changing demands of customers in this stevia market? Q.8 What are the new developments in this stevia market? Which companies are leading these developments? Q.9 Who are the major players in this stevia market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in this stevia market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the global stevia market? |
Table of Contents
1. Executive Summary
4.1 Global Stevia Market by Region
4.2.1 Market by Extract Type: Leaf, Powdered, and Liquid
4.2.2 Market by Form: Dry and Liquid
4.2.3 Market by Application: Dairy, Bakery & Confectionery, Tabletop Sweeteners, Beverages, Convenience Foods, and Others
4.2.4 The United States Stevia Market
4.2.5 The Canadian Stevia Market
4.2.6 The Mexican Stevia Market
4.3.1 Market by Extract Type: Leaf, Powdered, and Liquid
4.3.2 Market by Form: Dry and Liquid
4.3.3 Market by Application: Dairy, Bakery & Confectionery, Tabletop Sweeteners, Beverages, Convenience Foods, and Others
4.3.4 The United Kingdom Stevia Market
4.3.5 The Spanish Stevia Market
4.3.6 The German Stevia Market
4.3.7 The French Stevia Market
4.4.1 Market by Extract Type: Leaf, Powdered, and Liquid
4.4.2 Market by Form: Dry and Liquid
4.4.3 Market by Application: Dairy, Bakery & Confectionery, Tabletop Sweeteners, Beverages, Convenience Foods, and Others
4.4.4 The Chinese Stevia Market
4.4.5 The Indian Stevia Market
4.4.6 The Japanese Stevia Market
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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