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
