Stevia Market Research Report Forecast Till 2030

Stevia Market is anticipated to register a healthy CAGR of 10.20% during the review period. The expanded demanding of assessments by government bodies on sugar-improved refreshments alongside the developing number of individuals experiencing diabetes and weight are driving the market development.

The checking populace combined with the enormous number of individuals experiencing diabetes as well as corpulence combined with the expanded tendency towards plant-based sugars, for example, stevia attributable to the different advantages given by it, for example, weight the executives, diabetes control, lessens hazard of pancreatic disease, diminishes circulatory strain and a lot more are probably going to impact its market development decidedly. As a piece of this, as per the Diabetes Research Establishment, in 2018, 10.5% of Americans, or 34.2 million individuals, had diabetes. 10.2% of the populace, or around 26.8 million individuals, were projected to have diabetes. There are around 7.3 million diabetics who have not yet gotten a conclusion. Moreover, there were 1.5 million new instances of diabetes distinguished in grown-ups in the US. This incorporates more than 210,000 children and teens younger than 20.

Aside from this, the rising drives taken by different government bodies working across different regions to control weight are probably going to push its market development.

Market Segmentation

Based on type, the Stevia Market is classified into liquid extract, powder extract, and stevia extract. Based on Nature, the Stevia Market is divided into organic and regular.

The Application segment divides the Stevia Market into residential/retail and commercial. Based on the distribution channel, the market is bifurcated into offline and online.

Regional Insights

Asia-Pacific stevia market has held the biggest market divide between the regions in the Stevia Market. The region is the most populated country across the globe and has a few developing economies at a fast speed. Additionally, the organizations working in the Asia Pacific are zeroing in on ecological maintainability and obtaining procedures for the turn of events.

The stevia market in North America is for the most part determined by flooding applications in different areas. As of now, a rising interest for stevia to create soda pops followed by dairy and sports nourishment items. Besides, the stevia market in North America is likewise being upheld by the different guidelines related with the tax assessment approaches on sweet beverages alongside expanding mindfulness regarding the negative wellbeing influences related with the utilization of traditional sugar-based items. Additionally, the region is likewise noticing worthwhile possibilities for the stevia market attributable to expanding item advancement by the makers working in the North American stevia market.

Europe stevia market is probably going to maintain a significant offer in the market for stevia, this is for the most part because of the presence of a couple of the central members having tasks across the globe in the region followed by a few systems for the development and improvement embraced by them to keep up with their grasp in the regional market.

Major Players

Key Companies in the Stevia market include Cargill, Incorporated, Ingredion Incorporated, Tate & Lyle PLC., Archer-Daniels-Midland Company, Tereos, GLG Life Tech Corp., NOW Foods, Fooding Group Limited, HOWRAIN, and Sunwin Stevia International Inc.

Product Code: MRFR/F-B & N/1215-CR

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 17

1.1 MARKET ATTRACTIVENESS ANALYSIS 19
- 1.1.1 GLOBAL STEVIA MARKET, BY TYPE 20
- 1.1.2 GLOBAL STEVIA MARKET, BY NATURE 21
- 1.1.3 GLOBAL STEVIA MARKET, BY APPLICATION 22
- 1.1.4 GLOBAL STEVIA MARKET, BY DISTRIBUTION CHANNEL 23
- 1.1.5 GLOBAL STEVIA MARKET, BY REGION 24

2 MARKET INTRODUCTION 25

2.1 DEFINITION 25
2.2 SCOPE OF THE STUDY 25
2.3 RESEARCH OBJECTIVE 26
2.4 MARKET STRUCTURE 26
2.5 KEY BUYING CRITERIA 27

3 RESEARCH METHODOLOGY 28

3.1 RESEARCH PROCESS 28
3.2 PRIMARY RESEARCH 29
3.3 SECONDARY RESEARCH 30
3.4 MARKET SIZE ESTIMATION 31
3.5 FORECAST MODEL 32
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 33

4 MARKET DYNAMICS 34

4.1 INTRODUCTION 34
4.2 DRIVERS 34
- 4.2.1 GROWING NUMBER OF PEOPLE SUFFERING FROM DIABETES AND OBESITY 34
- 4.2.2 INCREASED LEVYING OF TAXES BY GOVERNMNET BODIES ON SUGAR-SWEETENED BEVERAGES 37
- 4.2.3 GROWING INNOVATIONS BY MAJOR PLAYERS 38
- 4.2.4 DRIVER IMPACT ANALYSIS 39
4.3 RESTRAINTS 39
- 4.3.1 STRINGENT GOVERNMENT REGULATION 39
- 4.3.2 RESTRAINT IMPACT ANALYSIS 40
4.4 OPPORTUNITIES 41
- 4.4.1 WIDE USAGE OF STEVIA IN VARIOUS APPLICATION 41
- 4.4.2 GROWING EXPANSION POLICIES ADOPTED BY KEY PLAYERS 42
4.5 CHALLENGES 42
- 4.5.1 SIDE-EFFECTS ASSOCIATED WITH THE CONSUMPTION OF STEVIA 42

5 MARKET FACTOR ANALYSIS 43

5.1 VALUE CHAIN ANALYSIS 43
- 5.1.1 RAW MATERIAL PROCUREMENT 44
- 5.1.2 MANUFACTURING 44
- 5.1.3 PACKAGING 45
5.2 SUPPLY CHAIN ANALYSIS 45
- 5.2.1 RAW MATERIALS SOURCING 46
- 5.2.2 MANUFACTURING 46
- 5.2.3 DISTRIBUTION 46
- 5.2.4 END-USER 46
5.3 PORTER'S FIVE FORCES MODEL 47
- 5.3.1 BARGAINING POWER OF SUPPLIERS 48
- 5.3.2 BARGAINING POWER OF BUYERS 48
- 5.3.3 THREAT OF NEW ENTRANTS 48
- 5.3.4 THREAT OF SUBSTITUTES 49
- 5.3.5 INTENSITY OF RIVALRY 49
5.4 IMPACT OF COVID-19 PANDEMIC ON GLOBAL STEVIA MARKET 49
- 5.4.1 IMPACT ON PRODUCTION 49
- 5.4.2 IMPACT ON SUPPLY CHAIN 50
- 5.4.3 IMPACT ON PRICING 50
- 5.4.4 IMPACT ON CONSUMER BUYING BEHAVIOUR 50
- 5.4.5 IMPACT ON ONLINE VS OFFLINE SALES 51

6 GLOBAL STEVIA MARKET, BY TYPE 52

6.1 OVERVIEW 52
- 6.1.1 GLOBAL STEVIA MARKET ESTIMATES & FORECAST, BY TYPE, 2020-2030 53
6.2 LIQUID EXTRACT 53
- 6.2.1 LIQUID EXTRACT: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 53
6.3 POWDER EXTRACT 54
- 6.3.1 POWDER EXTRACT: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 54
6.4 STEVIA LEAVES 55
- 6.4.1 STEVIA LEAVES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 55

7 GLOBAL STEVIA MARKET, BY NATURE 56

7.1 OVERVIEW 56
- 7.1.1 GLOBAL STEVIA MARKET ESTIMATES & FORECAST, BY NATURE, 2020-2030 57
7.2 ORGANIC 57
- 7.2.1 ORGANIC: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 57
7.3 REGULAR 58
- 7.3.1 REGULAR: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 58

8 GLOBAL STEVIA MARKET, BY APPLICATION 59

8.1 OVERVIEW 59
- 8.1.1 GLOBAL STEVIA MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020-2030 60
8.2 RESIDENTIAL/RETAIL 61
- 8.2.1 RESIDENTIAL/RETAIL: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 61
8.3 COMMERCIAL 61
- 8.3.1 COMMERCIAL: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 62
- 8.3.2 DAIRY & FROZEN DESSERT 62
  - 8.3.2.1 DAIRY & FROZEN DESSERT: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 62
- 8.3.3 BAKERY & CONFECTIONERY 63
  - 8.3.3.1 BAKERY & CONFECTIONERY: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 63
- 8.3.4 SWEET & SAVORY SNACKS 63
  - 8.3.4.1 SWEET & SAVORY SNACKS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 63
- 8.3.5 TABLETOP SWEETENER 64
  - 8.3.5.1 TABLETOP SWEETENER: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 64
- 8.3.6 PACKAGED FOOD PRODUCTS 64
  - 8.3.6.1 PACKAGED FOOD PRODUCTS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 64
- 8.3.7 BEVERAGES 65
  - 8.3.7.1 BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 65
- 8.3.8 DIETARY SUPPLEMENTS 65
  - 8.3.8.1 DIETARY SUPPLEMENTS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 65
- 8.3.9 OTHERS 66
  - 8.3.9.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 66

9 GLOBAL STEVIA MARKET, BY DISTRIBUTION CHANNEL 67

9.1 OVERVIEW 67
- 9.1.1 GLOBAL STEVIA MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2030 68
9.2 ONLINE 69
- 9.2.1 ONLINE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 69
9.3 OFFLINE 70
- 9.3.1 OFFLINE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2030 70

10 GLOBAL STEVIA MARKET, BY REGION 71

10.1 OVERVIEW 71
10.2 NORTH AMERICA 73
- 10.2.1 US 75
- 10.2.2 CANADA 77
- 10.2.3 MEXICO 78
10.3 EUROPE 80
- 10.3.1 GERMANY 82
- 10.3.2 UK 84
- 10.3.3 FRANCE 85
- 10.3.4 SPAIN 86
- 10.3.5 ITALY 88
- 10.3.6 REST OF EUROPE 89
10.4 ASIA-PACIFIC 91
- 10.4.1 CHINA 93
- 10.4.2 JAPAN 94
- 10.4.3 INDIA 96
- 10.4.4 AUSTRALIA & NEW ZEALAND 97
- 10.4.5 REST OF ASIA-PACIFIC 98
10.5 REST OF THE WORLD 100
- 10.5.1 SOUTH AMERICA 102
- 10.5.2 MIDDLE EAST 103
- 10.5.3 AFRICA 105

11 COMPETITIVE LANDSCAPE 107

11.1 INTRODUCTION 107
11.2 MARKET STRATEGY ANALYSIS 107
11.3 COMPETITIVE BENCHMARKING 108
11.4 KEY DEVELOPMENTS & GROWTH STRATEGIES 109
- 11.4.1 COLLABORATION 109
- 11.4.2 AGREEMENT 109
- 11.4.3 MERGER & ACQUISITION 109
- 11.4.4 PROGRAM LAUNCH 110
- 11.4.5 EXPANSION 110
- 11.4.6 PRODUCT LAUNCH 111

12 COMPANY PROFILES 112

12.1 CARGILL INCORPORATED 112
- 12.1.1 COMPANY OVERVIEW 112
- 12.1.2 FINANCIAL OVERVIEW 113
- 12.1.3 PRODUCTS OFFERED 113
- 12.1.4 KEY DEVELOPMENTS 114
- 12.1.5 SWOT ANALYSIS 115
- 12.1.6 KEY STRATEGIES 115
12.2 INGREDION INCORPORATED 116
- 12.2.1 COMPANY OVERVIEW 116
- 12.2.2 FINANCIAL OVERVIEW 117
- 12.2.3 PRODUCTS OFFERED 118
- 12.2.4 KEY DEVELOPMENTS 118
- 12.2.5 SWOT ANALYSIS 119
- 12.2.6 KEY STRATEGIES 119
12.3 TATE & LYLE PLC 120
- 12.3.1 COMPANY OVERVIEW 120
- 12.3.2 FINANCIAL OVERVIEW 121
- 12.3.3 PRODUCTS OFFERED 122
- 12.3.4 KEY DEVELOPMENTS 123
- 12.3.5 SWOT ANALYSIS 124
- 12.3.6 KEY STRATEGIES 124
12.4 ARCHER-DANIELS-MIDLAND COMPANY 125
- 12.4.1 COMPANY OVERVIEW 125
- 12.4.2 FINANCIAL OVERVIEW 126
- 12.4.3 PRODUCTS OFFERED 126
- 12.4.4 KEY DEVELOPMENTS 127
- 12.4.5 SWOT ANALYSIS 127
- 12.4.6 KEY STRATEGIES 127
12.5 TEREOS 128
- 12.5.1 COMPANY OVERVIEW 128
- 12.5.2 FINANCIAL OVERVIEW 129
- 12.5.3 PRODUCTS OFFERED 130
- 12.5.4 KEY DEVELOPMENTS 130
- 12.5.5 SWOT ANALYSIS 131
- 12.5.6 KEY STRATEGIES 131
12.6 GLG LIFE TECH CORP. 132
- 12.6.1 COMPANY OVERVIEW 132
- 12.6.2 FINANCIAL OVERVIEW 133
- 12.6.3 PRODUCTS OFFERED 134
- 12.6.4 KEY DEVELOPMENTS 134
- 12.6.5 SWOT ANALYSIS 134
- 12.6.6 KEY STRATEGIES 135
12.7 NOW FOODS 136
- 12.7.1 COMPANY OVERVIEW 136
- 12.7.2 FINANCIAL OVERVIEW 136
- 12.7.3 PRODUCTS OFFERED 136
- 12.7.4 KEY DEVELOPMENTS 136
- 12.7.5 KEY STRATEGIES 137
12.8 FOODING GROUP LIMITED 138
- 12.8.1 COMPANY OVERVIEW 138
- 12.8.2 FINANCIAL OVERVIEW 138
- 12.8.3 PRODUCTS OFFERED 138
- 12.8.4 KEY DEVELOPMENTS 139
- 12.8.5 KEY STRATEGIES 139
12.9 HOWTIAN 140
- 12.9.1 COMPANY OVERVIEW 140
- 12.9.2 FINANCIAL OVERVIEW 140
- 12.9.3 PRODUCTS OFFERED 140
- 12.9.4 KEY DEVELOPMENTS 141
- 12.9.5 KEY STRATEGIES 141
12.10 SUNWIN STEVIA INTERNATIONAL INC. 142
- 12.10.1 COMPANY OVERVIEW 142
- 12.10.2 FINANCIAL OVERVIEW 142
- 12.10.3 PRODUCTS OFFERED 142
- 12.10.4 KEY DEVELOPMENTS 143
- 12.10.5 KEY STRATEGIES 143

13 APPENDIX 144

13.1 REFERENCES 144
13.2 RELATED REPORTS 145