Global Stevia Market By Extract Type (Whole Leaf, Powdered and Liquid), By Application (Dairy, Tabletop Sweeteners, Bakery & Confectionery, Convenience Foods and Others), By Form (Dry and Liquid), By Company, By Region, Forecast & Opportunities, 2028

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Summary

Report Description

Global stevia market is expected to grow at a steady CAGR during the forecast period. The global stevia market is driven by increasing demand for sugar substitute. Increasing demand for zero calorie beverages is positively impacting the growth of market during the forecast period. Additionally, rising awareness pertaining to the health benefits of stevia is expected to bolster the growth of market over the next few years.

The global stevia market is segmented based on extract type, application, form, company, and region. Based on extract type, the market is segmented into whole leaf, powdered and liquid. The whole leaf segment is projected to dominate the stevia market during the forecast period which can be attributed to growing demand for whole leaf stevia among food & beverage manufacturers and processors.

Regionally, Asia Pacific is projected to lead the stevia market during the forecast period, on account of rising income of consumers and increasing food & beverages market in the region. In addition to this, upsurge in investments by several multinational manufacturers, particularly in countries such as Japan, China, and India, is further contributing to the growing trend.

The major players operating in the stevia market are Cargill, Ingredion Incorporated, Tate & Lyle PLC, Purecircle Limited, GLG Life Tech Corporation, Archer Daniels Midland Company, Sunwin Stevia International, Inc., S&W Seed Company, Pyure Brands LLC, Morita Kagakau Kogyo Co. Ltd and others.

Objective of the Study:

  • To analyze and estimate the market size of global stevia market from 2018 to 2021.
  • To estimate and forecast the market size of global stevia market from 2022 to 2028 and growth rate until 2028.
  • To classify and forecast global stevia market based on extract type, application, form, company, and regional distribution.
  • To identify dominant region or segment in the global stevia market.
  • To identify drivers and challenges for global stevia market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global stevia market.
  • To conduct pricing analysis for global stevia market.
  • To identify and analyze the profile of leading players operating in global stevia market.
  • To identify key sustainable strategies adopted by market players in global stevia market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.

TechSci Research calculated the market size of global stevia market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research. 

Key Target Audience:

  • Stevia manufacturers
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to stevia

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         Application

·         Form

Regional Scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country Scope

United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt

Key Companies Profiled

Cargill, Ingredion Incorporated, Tate & Lyle PLC, Purecircle Limited, GLG Life Tech Corporation, Archer Daniels Midland Company, Sunwin Stevia International, Inc., S&W Seed Company, Pyure Brands LLC, Morita Kagakau Kogyo Co. Ltd.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global stevia market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Stevia Market, By Product Type:
    • Whole Leaf
    • Powdered
    • Liquid
  • Global Stevia Market, By Application:
    • Dairy
    • Tabletop Sweeteners
    • Bakery & Confectionery
    • Convenience Foods
    • Others
  • Global Stevia Market, By Form:
    • Dry
    • Liquid
  • Global Stevia Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global stevia market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global stevia market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected] 

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Stevia Market

4.    Executive Summary

5.    Voice of Customer

6.    Global Stevia Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Extract Type (Whole Leaf, Powdered and Liquid)

6.2.2.     By Application (Dairy, Tabletop Sweeteners, Bakery & Confectionery, Convenience Foods and Others)

6.2.3.     By Form (Dry and Liquid)

6.2.4.     By Company (2022)

6.2.5.     By Region

6.3.  Market Attractiveness Index

7.    Asia-Pacific Stevia Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Extract Type

7.2.2.     By Application

7.2.3.     By Form

7.2.4.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Stevia Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value & Volume

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Extract Type

7.3.1.2.2.             By Application

7.3.1.2.3.             By Form

7.3.2.     India Stevia Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value & Volume

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Extract Type

7.3.2.2.2.             By Application

7.3.2.2.3.             By Form

7.3.3.     Australia Stevia Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value & Volume

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Extract Type

7.3.3.2.2.             By Application

7.3.3.2.3.             By Form

7.3.4.     Japan Stevia Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value & Volume

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Extract Type

7.3.4.2.2.             By Application

7.3.4.2.3.             By Form

7.3.5.     South Korea Stevia Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value & Volume

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Extract Type

7.3.5.2.2.             By Application

7.3.5.2.3.             By Form

8.    Europe Stevia Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Extract Type

8.2.2.     By Application

8.2.3.     By Form

8.2.4.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Stevia Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value & Volume

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Extract Type

8.3.1.2.2.             By Application

8.3.1.2.3.             By Form

8.3.2.     Germany Stevia Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value & Volume

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Extract Type

8.3.2.2.2.             By Application

8.3.2.2.3.             By Form

8.3.3.     United Kingdom Stevia Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value & Volume

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Extract Type

8.3.3.2.2.             By Application

8.3.3.2.3.             By Form

8.3.4.     Italy Stevia Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value & Volume

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Extract Type

8.3.4.2.2.             By Application

8.3.4.2.3.             By Form

8.3.5.     Spain Stevia Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value & Volume

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Extract Type

8.3.5.2.2.             By Application

8.3.5.2.3.             By Form

9.    North America Stevia Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Extract Type

9.2.2.     By Application

9.2.3.     By Form

9.2.4.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Stevia Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value & Volume

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Extract Type

9.3.1.2.2.             By Application

9.3.1.2.3.             By Form

9.3.2.     Mexico Stevia Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value & Volume

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Extract Type

9.3.2.2.2.             By Application

9.3.2.2.3.             By Form

9.3.3.     Canada Stevia Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value & Volume

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Extract Type

9.3.3.2.2.             By Application

9.3.3.2.3.             By Form

10.  South America Stevia Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Extract Type

10.2.2.  By Application

10.2.3.  By Form

10.2.4.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Stevia Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value & Volume

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Extract Type

10.3.1.2.2.           By Application

10.3.1.2.3.           By Form

10.3.2.  Argentina Stevia Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value & Volume

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Extract Type

10.3.2.2.2.           By Application

10.3.2.2.3.           By Form

10.3.3.  Colombia Stevia Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value & Volume

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Extract Type

10.3.3.2.2.           By Application

10.3.3.2.3.           By Form

11.  Middle East and Africa Stevia Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Extract Type

11.2.2.  By Application

11.2.3.  By Form

11.2.4.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Stevia Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value & Volume

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Extract Type

11.3.1.2.2.           By Application

11.3.1.2.3.           By Form

11.3.2.  Saudi Arabia Stevia Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value & Volume

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Extract Type

11.3.2.2.2.           By Application

11.3.2.2.3.           By Form

11.3.3.  UAE Stevia Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value & Volume

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Extract Type

11.3.3.2.2.           By Application

11.3.3.2.3.           By Form

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Pricing Analysis

15.  Competitive Landscape

15.1.              Cargill

15.2.              Ingredion Incorporated

15.3.              Tate & Lyle PLC

15.4.              Purecircle Limited

15.5.              GLG Life Tech Corporation

15.6.              Archer Daniels Midland Company

15.7.              Sunwin Stevia International, Inc.

15.8.              S&W Seed Company

15.9.              Pyure Brands LLC

15.10.            Morita Kagakau Kogyo Co. Ltd.

16. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Growing health-consciousness among people and increased demand for zero-calorie beverages by consumers are driving the demand of the global stevia market.

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Cargill, Ingredion Incorporated, Tate & Lyle PLC, Purecircle Limited, GLG Life Tech Corporation, Archer Daniels Midland Company, Sunwin Stevia International, Inc., S&W Seed Company, Pyure Brands LLC, Morita Kagaku Kogyo Co. Ltd are the major market players operating in the global stevia market.

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Based on regional market segmentation, the market is divided among the North American region, European region, Asia-Pacific region, South American region, and the Middle East & African region. The Asia-pacific region is expected to hold the largest market share in the forecast period due to the increasing food & beverages industry and high-end investments by several market players for market development.

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Based on extract type, the market is segmented into the whole leaf, powdered, and liquid. The whole leaf segment is expected to account for a significant market share in the forecast period as it finds varied applications among food and beverage manufacturers.

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