Global stevia market is expected to grow at a steady CAGR during the forecast period. The global stevia market is driven by increasing demand for sugar substitute. Increasing demand for zero calorie beverages is positively impacting the growth of market during the forecast period. Additionally, rising awareness pertaining to the health benefits of stevia is expected to bolster the growth of market over the next few years.
The global stevia market is segmented based on extract type, application, form, company, and region. Based on extract type, the market is segmented into whole leaf, powdered and liquid. The whole leaf segment is projected to dominate the stevia market during the forecast period which can be attributed to growing demand for whole leaf stevia among food & beverage manufacturers and processors.
Regionally, Asia Pacific is projected to lead the stevia market during the forecast period, on account of rising income of consumers and increasing food & beverages market in the region. In addition to this, upsurge in investments by several multinational manufacturers, particularly in countries such as Japan, China, and India, is further contributing to the growing trend.
The major players operating in the stevia market are Cargill, Ingredion Incorporated, Tate & Lyle PLC, Purecircle Limited, GLG Life Tech Corporation, Archer Daniels Midland Company, Sunwin Stevia International, Inc., S&W Seed Company, Pyure Brands LLC, Morita Kagakau Kogyo Co. Ltd and others.
Objective of the Study
- To analyze and estimate the market size of global stevia market from 2018 to 2021.
- To estimate and forecast the market size of global stevia market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast global stevia market based on extract type, application, form, company, and regional distribution.
- To identify dominant region or segment in the global stevia market.
- To identify drivers and challenges for global stevia market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global stevia market.
- To conduct pricing analysis for global stevia market.
- To identify and analyze the profile of leading players operating in global stevia market.
- To identify key sustainable strategies adopted by market players in global stevia market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Stevia manufacturers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to stevia
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as
