Stevia Extracts Market Analysis - Global Industry Size, Share, Trends and Forecast 2025

Category : Consumer Goods and Food and Beverages | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC500

Introduction

Stevia is a natural sugar substitute and sweetener which is obtained from the leaves of stevia rebaudiana plant species. The active ingredients of stevia extracts include steviol glycosides, rebaudioside and stevioside which possess sweetness more than 150 times that of sugar. Stevia extracts are heat resistant, non-fermentable as well as pH-stable. The taste of stevia extracts has a relatively slower onset although a longer duration when compared to sugar and some extracts of stevia have a licorice-like or bitter aftertaste especially at higher concentrations.

Market Dynamics

Increasing awareness regarding health advantages of stevia extracts is a major factor driving the overall demand for stevia extracts in the foreseeable years. In addition to this, offering profitable margins to suppliers and distributors is further projected to bolster the client partnerships across the industry. Rising visibility of product in modern retail enterprises in the form of retail shelf coupled with ease of product availability are some other aspects anticipated to cater to the demand for stevia extracts over the forecast period. Moreover, as formulation of stevia extracts is an intricate process, strengthening the procurement of raw materials is a major concern for key players operating in the global stevia extracts market. Also, demand for stevia extracts as a major sugar substitute, especially in the food & beverages industry, coupled with rising awareness among consumers from digital marketing platforms and rising strength of supply chain majorly in developing countries such as Brazil, India, Indonesia and Russia are some of the key focus parts for the players operating in the global stevia extracts market.

Market Classification

The global stevia extracts market can be segmented on the basis of extract type, application, form and geography. On the basis of extract type, the global stevia extracts market can be segmented into whole leaf, powdered and liquid. On the basis of application, the global stevia extracts market can be segmented into dairy, bakery & confectionary, beverages, tabletop sweeteners and others. On the basis of form, the global stevia extracts market can be segmented into dry and liquid. Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.

Report Coverage

Market

Stevia Extracts Market

Analysis Period

2015 – 2025

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2025

Market Stratification

Extract Type, Application, Form and Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

Market Participants:

Some of the major players in the global stevia extracts market include The Coca-Cola Company, Nestlé S.A., PepsiCo Inc., Cargill Inc., PureCircle Ltd., Evolva Holding S.A., Ingredion Inc., Stevia Corp., Tate & Lyle Plc. and GLG Life Tech Corp. among others.

Market Segmentation

Market By Extract Type

o   Whole Leaf

o   Powdered

o   Liquid

Market By Application

o   Dairy

o   Bakery & Confectionary

o   Tabletop Sweeteners

o   Beverages

o   Others

Market By Form

o   Dry

o   Liquid

Market By Geography

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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