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Report
Stevia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 148 Pages I IMARC Group
Market Overview:
The global stevia market size reached US$ 705 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,132 Million by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
Stevia is a natural sweetener extracted from the plant species called Stevia Rebaudiana. It is a completely natural and zero-calorie sweetener that is 200 times sweeter than sugar. Stevia also contains a wealth of antioxidant compounds, including flavonoids, triterpenes, tannins, caffeic acid, kaempferol, and quercetin. With the rising awareness and a large number of health benefits associated with its consumption, consumers are widely substituting sugar with stevia. Numerous food and beverage manufacturers are also utilizing it in coffee, tea, smoothies and yogurt to offer products with a lower calorie count.
Stevia is known to provide several health benefits, such as controlling diabetes, aiding weight loss and regulating blood pressure and sugar levels. The growing awareness about these advantages has led to an increase in its demand, owing to which it is now commercially grown across the globe. Besides this, stevia acts as a steroid and helps in preventing the proliferation of bacteria due to which it is used in topical applications for skin conditions, such as eczema and dermatitis. Other than this, the health-conscious consumers are becoming more inclined toward low-calorie sweeteners like stevia, which in turn is boosting its sales around the world. Some of the other factors influencing the market growth are changing lifestyles, growing disposable incomes and several initiatives undertaken by the governments of various countries to minimize sugar intake so as to combat health problems like obesity and diabetes.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global stevia market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on extract type and end use.
Breakup by Extract Type:
Powder
Liquid
Leaf
Powdered stevia accounts for the majority of the global market share as it is less grainy than table sugar and is available in a variety of convenient packaging formats such as sachets, jars and bottles.
Breakup by End Use:
Beverages
Food Products
Table Top Sweeteners
Pharmaceuticals
Others
Amongst these, beverages exhibit a clear dominance in the market, as stevia and stevia-based products are used as sweeteners in various beverages such as juices, soft drinks, energy drinks and tea.
Regional Insights:
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Region-wise, Asia Pacific holds the leading position in the market. This can be accredited to the increasing health-consciousness among consumers, owing to which they have become more inclined toward low-calorie products, including stevia.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global stevia market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Archer-Daniels-Midland Company, Cargill Incorporated, GLG Life Tech Corporation, Guilin Layn Natural Ingredients Corp., Hunan NutraMax Inc., Ingredion Incorporated, Morita Kagaku Kogyo Co. Ltd., Pyure Brands LLC, Sunwin Stevia International Inc, Tate & Lyle PLC, The Real Stevia Company AB, Wisdom Natural Brands, Zhucheng Haotian Pharm Co. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
What was the size of the global stevia market in 2022?
What is the expected growth rate of the global stevia market during 2023-2028?
What are the key factors driving the global stevia market?
What has been the impact of COVID-19 on the global stevia market?
What is the breakup of the global stevia market based on the extract type?
What is the breakup of the global stevia market based on end use?
What are the key regions in the global stevia market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends
5 Global Stevia Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Price Trends
5.5 Market Forecast
5.6 SWOT Analysis
5.6.1 Overview
5.6.2 Strengths
5.6.3 Weaknesses
5.6.4 Opportunities
5.6.5 Threats
5.7 Value Chain Analysis
5.7.1 Input Suppliers
5.7.2 Farmers
5.7.3 Collectors
5.7.4 Manufacturers
5.7.5 Distributors
5.7.6 Exporters
5.7.7 End-Use
5.8 Porter's Five Forces Analysis
5.8.1 Overview
5.8.2 Bargaining Power of Buyers
5.8.3 Bargaining Power of Suppliers
5.8.4 Degree of Competition
5.8.5 Threat of New Entrants
5.8.6 Threat of Substitutes
5.9 KeyMarket Drivers and Success Factors
6 Market Breakup by Extract Type
6.1 Powder
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Liquid
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Leaf
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End Use
7.1 Beverages
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Food Products
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Table Top Sweeteners
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Pharmaceuticals
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Performance of Key Regions
8.1 Asia Pacific
8.1.1 China
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Japan
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.1.3 India
8.1.3.1 Market Trends
8.1.3.2 Market Forecast
8.1.4 South Korea
8.1.4.1 Market Trends
8.1.4.2 Market Forecast
8.1.5 Australia
8.1.5.1 Market Trends
8.1.5.2 Market Forecast
8.1.6 Indonesia
8.1.6.1 Market Trends
8.1.6.2 Market Forecast
8.1.7 Others
8.1.7.1 Market Trends
8.1.7.2 Market Forecast
8.2 North America
8.2.1 United States
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Canada
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Turkey
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Saudi Arabia
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Iran
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.4.4 United Arab Emirates
8.4.4.1 Market Trends
8.4.4.2 Market Forecast
8.4.5 Others
8.4.5.1 Market Trends
8.4.5.2 Market Forecast
8.5 Latin America
8.5.1 Brazil
8.5.1.1 Market Trends
8.5.1.2 Market Forecast
8.5.2 Mexico
8.5.2.1 Market Trends
8.5.2.2 Market Forecast
8.5.3 Argentina
8.5.3.1 Market Trends
8.5.3.2 Market Forecast
8.5.4 Colombia
8.5.4.1 Market Trends
8.5.4.2 Market Forecast
8.5.5 Chile
8.5.5.1 Market Trends
8.5.5.2 Market Forecast
8.5.6 Peru
8.5.6.1 Market Trends
8.5.6.2 Market Forecast
8.5.7 Others
8.5.7.1 Market Trends
8.5.7.2 Market Forecast
9 Stevia Manufacturing Process
9.1 Product Overview
9.2 Manufacturing Process
9.3 Detailed Process Flow
9.4 Raw Material Requirements
9.5 Mass Balance and Feedstock Conversion Rates
10 Stevia Feedstock Market Analysis
10.1 Stevia Leaves
10.1.1 Market Performance
10.1.1.1 Volume Trends
10.1.1.2 Value Trends
10.1.2 Price Trends
10.1.3 Market Breakup by Region
10.1.4 Key Suppliers
10.1.5 Market Forecast
10.2 Ethanol
10.2.1 Market Performance
10.2.1.1 Volume Trends
10.2.1.2 Value Trends
10.2.2 Price Trends
10.2.3 Market Breakup by Region
10.2.4 Market Breakup by Manufacturer
10.2.5 Key Suppliers
10.2.6 Market Forecast
11 Competitive Landscape
11.1 Market Structure
11.2 Market Share of Key Players
11.3 Key Player Profiles
11.3.1 Archer-Daniels-Midland Company
11.3.2 Cargill Incorporated
11.3.3 GLG Life Tech Corporation
11.3.4 Guilin Layn Natural Ingredients Corp.
11.3.5 Hunan NutraMax Inc.
11.3.6 Ingredion Incorporated
11.3.7 Morita Kagaku Kogyo Co. Ltd.
11.3.8 Pyure Brands LLC
11.3.9 Sunwin Stevia International Inc
11.3.10 Tate & Lyle PLC
11.3.11 The Real Stevia Company AB
11.3.12 Wisdom Natural Brands
11.3.13 Zhucheng Haotian Pharm Co. Ltd.
Figure 1: Global: Stevia Market: Major Drivers and Challenges
Figure 2: Global: Stevia Market: Volume Trends (in Metric Tons), 2017-2022
Figure 3: Global: Stevia Market: Value Trends (in Million US$), 2017-2022
Figure 4: Global: Stevia Market: Average Price Trends (in US$/Ton), 2017-2022
Figure 5: Global: Stevia Market Forecast: Average Price Trends (in US$/Ton), 2023-2028
Figure 6: Stevia Market: Price Structure
Figure 7: Global: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 8: Global: Stevia Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 9: Global: Stevia Industry: SWOT Analysis
Figure 10: Global: Stevia Industry: Value Chain Analysis
Figure 11: Global: Stevia Industry: Porter's Five Forces Analysis
Figure 12: Global: Stevia (Powder) Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 13: Global: Stevia (Powder) Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 14: Global: Stevia (Liquid) Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 15: Global: Stevia (Liquid) Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 16: Global: Stevia (Leaf) Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 17: Global: Stevia (Leaf) Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 18: Global: Stevia (Beverages) Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 19: Global: Stevia (Beverages) Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 20: Global: Stevia (Food Products) Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 21: Global: Stevia (Food Products) Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 22: Global: Stevia (Table Top Sweeteners) Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 23: Global: Stevia (Table Top Sweeteners) Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 24: Global: Stevia (Pharmaceuticals) Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 25: Global: Stevia (Pharmaceuticals) Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 26: Global: Stevia (Others) Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 27: Global: Stevia (Others) Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 28: Asia Pacific: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 29: Asia Pacific: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 30: China: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 31: China: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 32: Japan: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 33: Japan: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 34: India: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 35: India: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 36: South Korea: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 37: South Korea: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 38: Australia: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 39: Australia: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 40: Indonesia: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 41: Indonesia: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 42: Others: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 43: Others: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 44: North America: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 45: North America: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 46: United States: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 47: United States: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 48: Canada: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 49: Canada: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 50: Europe: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 51: Europe: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 52: Germany: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 53: Germany: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 54: France: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 55: France: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 56: United Kingdom: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 57: United Kingdom: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 58: Italy: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 59: Italy: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 60: Spain: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 61: Spain: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 62: Russia: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 63: Russia: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 64: Others: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 65: Others: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 66: Middle East and Africa: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 67: Middle East and Africa: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 68: Turkey: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 69: Turkey: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 70: Saudi Arabia: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 71: Saudi Arabia: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 72: Iran: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 73: Iran: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 74: United Arab Emirates: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 75: United Arab Emirates: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 76: Others: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 77: Others: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 78: Latin America: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 79: Latin America: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 80: Brazil: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 81: Brazil: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 82: Mexico: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 83: Mexico: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 84: Argentina: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 85: Argentina: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 86: Colombia: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 87: Colombia: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 88: Chile: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 89: Chile: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 90: Peru: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 91: Peru: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 92: Others: Stevia Market: Volume Trends (in Metric Tons), 2017 & 2022
Figure 93: Others: Stevia Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 94: Stevia Manufacturing: Detailed Process Flow
Figure 95: Stevia Manufacturing Process: Conversion Rate of Feedstocks
Figure 96: Global: Stevia Leaves Market: Volume Trends (in Metric Tons), 2017-2022
Figure 97: Global: Stevia Leaves Market: Value Trends (in Million US$), 2017-2022
Figure 98: Global: Stevia Leaves Market: Average Price Trends (in US$/Kg), 2017-2022
Figure 99: Global: Stevia Leaves Market Forecast: Average Price Trends (in US$/Kg), 2023-2028
Figure 100: Global: Stevia Leaves Market: Breakup by Region (in %), 2022
Figure 101: Global: Stevia Leaves Market Forecast: Volume Trends (in Metric Tons), 2023-2028
Figure 102: Global: Stevia Leaves Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 103: Global: Ethanol Market: Volume Trends (in Billion Litres), 2017-2022
Figure 104: Global: Ethanol Market: Value Trends (in Million US$), 2017-2022
Figure 105: Global: Ethanol Market: Average Price Trends (in US$/Litre), 2017-2022
Figure 106: Global: Ethanol Market Forecast: Average Price Trends (in US$/Litre), 2023-2028
Figure 107: Global: Ethanol Market: Breakup by Region (in %)
Figure 108: Global: Ethanol Market: Breakup by Manufacturer (in %)
Figure 109: Global: Ethanol Market Forecast: Volume Trends (in Billion Litres), 2023-2028
Figure 110: Global: Ethanol Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 111: Global: Stevia Market: Breakup by Key Players (in %), 2022
Table 1: Stevia: Physical Properties
Table 2: Stevia: Chemical Properties
Table 3: Global: Stevia Market: Key Industry Highlights, 2022 and 2028
Table 4: Global: Stevia Market Forecast: Breakup by Extract Type (in Metric Tons), 2023-2028
Table 5: Global: Stevia Market Forecast: Breakup by End Use (in Metric Tons), 2023-2028
Table 6: Global: Stevia Market Forecast: Breakup by Region (in Metric Tons), 2023-2028
Table 7: Stevia Manufacturing: Raw Materials Required
Table 8: Global: Stevia Market: Competitive Structure
Table 9: Global: Stevia Market: Key Players
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