The Global Stevia Market report presents comprehensive information covering insightful data for businesses and investors. The report studies the historical data of the Stevia Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
The global Stevia Market will be worth USD 1,185.0 million by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the growing awareness among consumers regarding the adverse effects of sugar on health. Rising obesity and diabetes, coupled with the growing number of patients suffering from cardiovascular disease, is expected to drive the demand of the stevia-based sugar substitutes. Growing preferences among consumers for plant-based sugar substitutes are most likely to propel the growth of the market over the forecast period. The zero calories and zero glycemic index characteristics of stevia are expected to increase its adoption.
Moreover, the wide popularity of clean-labeling has also boosted up the sales of stevia. Growing government initiatives to promote the adoption of stevia-based sugar substitutes and reduce sugar intake is expected to increase the demand for stevia. The governments in US and Europe are also providing support to the cultivation of stevia by generating favorable regulations, which is most likely to propel the industry’s growth over the forecast period.
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Key participants include Ingredion Incorporated, Cargill, Tate Lyle PLC, Archer Daniels Midland Company, PureCircle Limited, Evolva Holding SA, GLG Life Tech Corporation, The Coca-Cola Company, PepsiCo Inc. and Sunwin Stevia International, Inc., among others.
Geographical Segmentation:
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Stevia Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyses the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Stevia Market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Market Taxonomy:
Chapter 1: Methodology Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2:
Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3:
Industry Insights
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4:
Regional Landscape
Chapter 5:
Company Profile
- Business Overview
- Financial Data
- Product Landscape
Emergen Research has segmented the global Stevia Market on the basis of Product Form, Application, and region:
Product Form Outlook (Revenue, USD Billion; 2017-2027)
- Leaf
- Liquid
- Powder
Application Outlook (Revenue, USD Billion; 2017-2027)
- Beverages
- Bakery Confectionary
- Dairy Food Products
- Dietary Supplements
- Others
Key Highlights from the Report
- In July 2020, PureCircle was acquired by Ingredion Incorporated. The acquisition was performed with an aim to enhance the production of plant-based natural sweeteners and to expand the product portfolio.
- The Liquid Segment is forecasted to grow with the fastest CAGR of 9.7% over the forecast period due to the growing preferences among consumers towards the liquid form of stevia. The manufacturers of the sugar substitutes mostly prefer it, as a very small amount of the liquid form is required to enhance the taste of the food products.
- The powder form accounted for the largest share of the stevia market in 2019 as they are available in various packaging formats making it more affordable for the consumers. Besides, it possesses the exact taste and flavor of a spoonful of cane sugar but with a lower-calorie content, which is contributing to the growing demand of the product over the forecast period.
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