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Stevia Market

Release date:

Jul-2021

Region:

global

Research Code:MRFB - 104514

Sku:MRFB - 104514

Stevia Market by Nature (Organic, Conventional); Type (Leaves, Extract {Powder, Liquid}); Components (Reb A, Reb D, Reb M, Others); Application (Food, Beverages, Tabletop Sweeteners, Pharmaceuticals, Others); and Geography - Global Forecasts to 2028

  • Report ID: MRFB - 104514
  • Pages: 200
  • Jul-2021
  • Formats*: PDF
  • Category: Food and Beverages
  • Delivery: 2 to 4 Hours
COVID-19

This report provides pre & post COVID-19 market estimates.

The Stevia Market is expected to grow at a CAGR of 8.8% from 2021 to 2028 to reach $1.1 billion by 2028. Stevia being a natural sweetener, even in small quantities, can create a desired sweet taste. It contains less food energy than sugar-based sweeteners, making it a zero-calorie or low-calorie sweetener. Obesity, diabetes, and metabolic syndrome have become major public health problems due to their association with imbalanced calorie intake. To curb the conditions mentioned above, stevia plays a vital role in reducing calories as part of an overall healthy diet and physical activity regimen.

The growth of this market is mainly driven by factors, such as the growing prevalence of diabetes & obesity, surging demand for natural sweeteners, rising demand for stevia application in the beverage industry, and the increasing number of new stevia-based product launches. However, fluctuating stevia leaf prices are expected to restrain the growth of this market to some extent in the near future.

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The Impact of COVID-19 on the Stevia Market

The COVID-19 disease caused by the novel coronavirus SARS-nCoV-2 has created a severe public health emergency globally, with its quick spread in more than 215 countries. To combat & control the spread of this disease, many countries worldwide have declared emergencies and announced complete nationwide, statewide, or citywide lockdown, putting off all the travel, transport, manufacturing, educational institutions, and non-essential trade. This has had a significant impact on many industries globally, hitting hard in terms of reduced manufacturing and distributions across the globe. Stevia is one of such industries where manufacturers are facing disruptions in raw material supply due to the pandemic. Also, imports and exports in many countries have either been restricted or delayed since the outbreak, creating hurdles for stevia suppliers.

However, the pandemic has led to the adoption of some best-practice models for the food industry as the pandemic has conveyed the importance of hygienic and nutritious foods comprising reduced sugar, calories, and fats in the prevention of diseases. This industry has faced unprecedented demand from the consumer, particularly for low-calorie food products. For instance, in 2020, in Europe, two-third of people state they are trying to lower their sugar intake. (Source: New Nutrition Business). Therefore, many companies in the food industry have already started changing their strategies by replacing sugar with natural sweeteners.

The stevia market has witnessed a rapid uptick with the onset of the coronavirus crisis, wherein increasing surge in demand for less sugary and immunity-boosting products, as people are seeking solutions to boost overall health and wellbeing. The COVID-19 pandemic has also prompted most health-conscious customers to turn to low-calorie or sugar-free food. Hence, increasing health consciousness and high demand for sugar-reducing solutions and organic foods among the global population have forced manufacturers and product formulators to opt for stevia.

Further, dietary supplement sales increased during the pandemic as they help prepare the immune system against COVID-19, according to the article published by Nutrition Outlook. During the last week of March 2020, the sales growth for overall dietary supplements skyrocketed to more than 35% in the U.S. According to Glanbia Plc., dietary supplements purchase in retail outlets has increased during April 2020. Further, school and office closures have compelled consumers to opt for at-home breakfast, functional foods, coffee, and lunch, which has driven a significant increase in the demand for sugar-free products.

Thus, growing health and wellness concerns, strong demand for dietary supplements, and increasing demand for sugar-free products are expected to propel the growth of the stevia market.

Surging Demand for Natural Sweeteners

Natural sweeteners are one of the prominent ingredients in food formulations to replace sugar content in foods. Stevia is among the most vital natural sweetener applicable in all types of foods, mainly dairy, bakery, confectionery, beverages, and other functional foods. Stevia has a unique taste profile and sweetness intensity, which is approximately 200 to 350 times greater than regular sugar. Increasing death rates due to heart diseases, strokes, obesity, type 2 diabetes, and health consciousness have shifted a wide population towards low-calorie and nutritional foods. It has increased the intake of natural ingredients. Consumer’s propensity towards organic products has increased the demand for natural sweeteners.

According to International Stevia Council, more than 100 countries worldwide have received approval for stevia, and products sweetened with stevia have been accessed by more than 4.5 billion consumers worldwide. Demand is driven by rising consumer demand for healthier and natural food products. Regulatory changes in the EU also stimulate demand for stevia in Europe.

The European food and drink market is one of the largest in the world. The strong growth in the food and beverage industry drives the demand for natural sweeteners like stevia. Natural sweeteners are increasingly used in place of sugar in food and beverage products. According to the 2020 New Nutrition Business Survey, two-thirds of European consumers are trying to lower their sugar intake. In addition, research has also found that European consumers are increasingly looking for products with no added sugars.

Thus, the rising demand for natural sweeteners is enhancing the growth of the stevia market, as natural sweeteners also comprise functional properties that help control blood sugar levels and obesity and mark their presence in organic and clean label products.

Key Findings in the Stevia Market Study:

The organic stevia segment to witness the fastest growth during the forecast period

Based on nature, the stevia market is segmented into organic and conventional. The organic stevia segment is expected to register the highest CAGR during the forecast period of 2021. The fastest growth of this segment is mainly attributed to the growing consumer preference for clean-label products, rising awareness about the health benefits of organic stevia, and increasing use of organic stevia in the food & beverage industry.

The powder segment to dominate the stevia extract market in 2021

Based on type, the stevia market is segmented into leaves and extracts. Further, the extracts segment is divided into powder and liquid. The powder segment is expected to generate the largest portion of the revenue of the stevia extracts market in 2021. Key factors contributing to the dominant position of this segment are good solubility, no bitter after taste, high potency sweetness, ease of use, and increasing application in beverages.

The Reb A component segment to witness the highest demand through 2028

Based on components, the stevia market is segmented into Reb A, Reb D, Reb M, and other components. The Reb A component segment is expected to generate the largest portion of the revenue of the stevia market in 2021. Key factors contributing to the dominant position of this segment are its easy availability, less expensive compared to other components, multiple functional properties, and ease of use in different applications.

In 2021, the beverages segment to dominate the stevia market

Based on application, the stevia market is segmented into food, beverages, tabletop sweeteners, pharmaceuticals, and other applications. The beverages segment is expected to dominate the stevia market in 2021. The dominant position of this segment is mainly attributed to the growing awareness of health benefits related to natural sweeteners in beverages, increasing new product development and launches of stevia-based beverages, and rising demand for sugar-free beverages, the growing popularity of flavored soft drinks. Also, the growing demand for health and sports drinks with enhanced nutritional value is expected to support the growth of this segment.

North America: The dominating regional market

The stevia market is divided into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to command the largest share of the stevia market in 2021. The growth of this region is mainly attributed to the factors like the rising rate of various chronic diseases; the increasing prevalence of diabetic people, and obesity; changing trends, such as low carb and clean labels; and strong demand for sugar-free products. However, the Asia-Pacific region is expected to register the fastest growth during the forecast period of 2021-2028.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments by leading market participants in the industry over the past four years. Some of the key players operating in the stevia market are Tate & Lyle PLC, (U.K.), Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Südzucker AG (Germany), GLG Life Tech Corp. (Canada), Sunwin Stevia International Inc (China), MORITA KAGAKU KOGYO CO., LTD. (Japan), Zhucheng Haotian Pharm Co., Ltd. (China), Stevialite Holding (Colombia), Guilin Layn Natural Ingredients Corp. (China), S&W Seed Company (U.S.), The Real Stevia Company AB (Sweden), and Van Wankum Ingredients (Netherlands)

Scope of the Report:

Stevia Market, by Nature                    

  • Organic
  • Conventional

Stevia Market, by Type

  • Leaves
  • Extract
    • Powder
    • Liquid          

Stevia Market, by Components

  • Reb A
  • Reb D
  • Reb M
  • Others (Reb C, E, F)

Stevia Market, by Application

  • Beverages
  • Food
  • Tabletop Sweeteners
  • Pharmaceuticals
  • Others

Stevia Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Latin America
  • Middle East & Africa

Key Questions Answered in the Report:

What is the current value of revenue generated by the stevia market? At what rate is the global demand for stevia projected to grow for the next 5-7 years?

The stevia market is expected to reach a value of $1.1 billion by 2028, with a CAGR of 8.8% from 2021 to 2028.

Which nature segment showcases high growth opportunities for the players operating in the stevia market?

The conventional segment has emerged as the largest share by nature segment in the stevia market. However, the organic segment is expected to register the fastest growth during the forecast period.

Which type of segment is expected to hold the major share of the market?

By type, the powder segment is expected to account for the largest share of the stevia market in 2021.

What are the major factors impacting the growth of this market at global and regional levels?

The growing prevalence of diabetes & obesity, surging demand for natural sweeteners, rising demand for stevia application in the beverage industry, and an increasing number of new stevia-based product launches are the major drivers for the growth of the stevia market.

What are the major opportunities for existing players and new entrants in the market?

Increasing investment in emerging economies offers a lucrative opportunity for the players operating in this market.

Who are the major players operating in the stevia market?

The major key players operating in the stevia market are Tate & Lyle PLC, (U.K.), Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Südzucker AG (Germany), S&W Seed Company (U.S.), GLG Life Tech Corp. (Canada), Sunwin Stevia International Inc (China), MORITA KAGAKU KOGYO CO., LTD. (Japan), Zhucheng Haotian Pharm Co., Ltd. (China), Stevialite Holding (Colombia), Guilin Layn Natural Ingredients Corp. (China), The Real Stevia Company AB (Sweden), and Van Wankum Ingredients (Netherlands), among others.

Which regions/countries are likely to offer significant growth opportunities for the manufacturers in this market during the analysis period?

Among other regional markets, Asia-Pacific exhibits signs of strong future growth. The rapid growth of this regional market is mainly attributed to the growing diabetic and obese population, rapid urbanization, rising awareness about the health benefits of sugar-free products, and increasing demand for diet drinks and beverages.

1.    Introduction
       1.1.    Market Definition
       1.2.    Market Ecosystem
       1.3.    Currency        
       1.4.    Key Stakeholders    

2.    Research Methodology
       2.1.    Research Process
       2.2.    Data Collection & Validation
                 2.2.1.    Secondary Research
                 2.2.2.    Primary Research
       2.3.    Market Assessment
                 2.3.1.    Market Size Estimation
                 2.3.2.    Bottom-Up Approach
                 2.3.3.    Top-Down Approach
                 2.3.4.    Growth Forecast
                 2.3.5.    Market Share Analysis
       2.4.    Assumptions for The Study
       2.5.    Limitations for The Study

3.    Executive Summary
       3.1.    Introduction
       3.2.    Segment Analysis
       3.3.    Regional Analysis
       3.4.    Key Players

4.    Market Insights
       4.1.    Introduction
       4.2.    Drivers
                 4.2.1.    Growing Prevalence of Diabetes and Obesity
                 4.2.2.    Surging Demand for Natural Sweeteners
                 4.2.3.    Rising Demand for Stevia Application in Beverage Industry
                 4.2.4.    Increasing Number of New Stevia-Based Component Launches
       4.3.    Restraints
                 4.3.1.    Fluctuation in Stevia Leaf Prices
       4.4.    Trends
                 4.4.1.    Clean Label     
       4.5.    Opportunities
                 4.5.1.    Emerging Economies

5.    The Impact of COVID-19 on the Stevia Market

6.    Global Stevia Market, by Nature
       6.1.    Introduction
       6.2.    Conventional
       6.3.    Organic

7.    Global Stevia Market, by Type
       7.1.    Introduction
       7.2.    Leaves
       7.3.    Extract
                 7.3.1.    Powder
                 7.3.2.     Liquid

8.    Global Stevia Market, by Component
       8.1.    Reb A
       8.2.    Reb D
       8.3.    Reb M
       8.4.    Others (Reb C, E, F)
    
9.    Global Stevia Market, by Application
       9.1.    Introduction
       9.2.    Beverages 
       9.3.    Food
       9.4.    Tabletop Sweeteners
       9.5.    Pharmaceuticals
       9.6.    Other Application

10.    Global   Stevia Market, by Geography
         10.1.    Introduction
         10.2.    North America
                    10.2.1.    U.S.
                    10.2.2.    Canada
         10.3.    Europe
                    10.3.1.    Germany
                    10.3.2.    France 
                    10.3.3.    U.K.
                    10.3.4.    Italy
                    10.3.5.    Spain
                    10.3.6.    Rest of Europe
         10.4.    Asia-Pacific
                    10.4.1.    China
                    10.4.2.    Japan 
                    10.4.3.    India
                    10.4.4.    Rest of Asia-Pacific
         10.5.    Latin America
         10.6.    Middle East and Africa


11.    Competitive Landscape
         11.1.    Introduction
         11.2.    Key Growth Strategies
         11.3.    Competitive Benchmarking
 
12.     Company Profiles
         12.1.    Tate & Lyle PLC
         12.2.    Cargill, Incorporated
         12.3.    Archer Daniels Midland Company
         12.4.    Ingredion Incorporated
         12.5.    Südzucker AG
         12.6.    S&W Seed Company 
         12.7.    GLG Life Tech Corp.
         12.8.    Sunwin Stevia International Inc
         12.9.    MORITA KAGAKU KOGYO CO., LTD. 
         12.10.    Zhucheng Haotian Pharm Co., Ltd.
         12.11.    STEVIALITE Holding
         12.12.    Guilin Layn Natural Ingredients Corp.
         12.13.    The Real Stevia Company AB 
         12.14.    Van Wankum Ingredients
         12.15.    Other Companies

13.    Appendix
         13.1.    Questionnaire
         13.2.    Available Customizations

List of Tables    

Table 1    Stevia Market Drivers: Impact Analysis for (2021–2028)
Table 2    Stevia Market Restraints: Impact Analysis for (2021–2028)
Table 3    Global Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 4    Conventional Stevia Market Size, by Country/Region, 2019–2028 (USD Million)
Table 5    Organic Stevia Market Size, by Country/Region, 2019–2028 (USD Million)
Table 6    Global Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 7    Stevia Leaves Market Size, by Country/Region, 2019–2028 (USD Million)
Table 8    Stevia Extract Market Size, by Country/Region, 2019–2028 (USD Million)
Table 9    Global Stevia Extract Market Size, by Type, 2019–2028 (USD Million)
Table 10    Stevia Powder Extract Market Size, by Country/Region, 2019–2028 (USD Million)
Table 11    Stevia Liquid Extract Market Size, by Country/Region, 2019–2028 (USD Million)
Table 12    Global Stevia Market Size, by Components, 2019–2028 (USD Million)
Table 13    Reb A Market Size, by Country/Region, 2019–2028 (USD Million)
Table 14    Reb D Market Size, by Country/Region, 2019–2028 (USD Million)
Table 15    Reb M Market Size, by Country/Region, 2019–2028 (USD Million)
Table 16    Other Components Market Size, by Country/Region, 2019–2028 (USD Million)
Table 17    Global Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 18    Stevia Market Size for Beverages, by Country/Region, 2019–2028 (USD Million)
Table 19    Stevia Market Size for Food, by Country/Region, 2019–2028 (USD Million)
Table 20    Stevia Market Size for Tabletop Sweeteners, by Country/Region, 2019–2028 (USD Million)
Table 21    Stevia Market Size for Pharmaceuticals, by Country/Region, 2019–2028 (USD Million)
Table 22    Stevia Market Size for Other Application, by Country/Region, 2019–2028 (USD Million)
Table 23    North America: Stevia Market Size, by Country, 2019–2028 (USD Million)
Table 24    North America: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 25    North America: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 26    North America: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 27    North America: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 28    North America: Stevia Market Size, by Form, 2019–2028 (USD Million)
Table 29    North America: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 30    U.S.: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 31    U.S.: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 32    U.S: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 33    U.S.: Stevia Market Size, by Component, 2019–2028 (USD Million)    
Table 34    U.S.: Stevia Market Size, by Form, 2019–2028 (USD Million)
Table 35    U.S.: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 36    Canada: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 37    Canada: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 38    Canada: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)

Table 39    Canada: Stevia Market Size, by Component, 2019–2028 (USD Million)    
Table 40    Canada: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 41    Europe: Stevia Market Size, by Country, 2019–2028 (USD Million)
Table 42    Europe: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 43    Europe: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 44    Europe: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 45    Europe: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 46    Europe: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 47    Germany: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 48    Germany: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 49    Germany: Stevia Market Size for Extract by Type, 2019–2028 (USD Million)
Table 50    Germany: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 51    Germany: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 52    France: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 53    France: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 54    France: Stevia Market Size for Extract by Type, 2019–2028 (USD Million)
Table 55    France: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 56    France: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 57    U.K.: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 58    U.K.: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 59    U.K.: Stevia Market Size for Extract by Type, 2019–2028 (USD Million)
Table 60    U.K.: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 61    U.K.: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 62    Italy: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 63    Italy: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 64    Italy: Stevia Market Size for Extract by Type, 2019–2028 (USD Million)
Table 65    Italy: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 66    Italy: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 67    Spain: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 68    Spain: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 69    Spain: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 70    Spain: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 71    Spain: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 72    Rest of Europe: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 73    Rest of Europe: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 74    Rest of Europe: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 75    Rest of Europe: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 76    Rest of Europe: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 77    Asia-Pacific: Stevia Market Size, by Country, 2019–2028 (USD Million)
Table 78    Asia-Pacific: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 79    Asia-Pacific: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 80    Asia-Pacific: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 81    Asia-Pacific: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 82    Asia-Pacific: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 83    China: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 84    China: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 85    China: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 86    China: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 87    China: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 88    Japan: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 89    Japan: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 90    Japan: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 91    Japan: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 92    Japan: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 93    India: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 94    India: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 95    India: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 96    India: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 97    India: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 98    Rest of APAC: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 99    Rest of APAC: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 100    Rest of APAC: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 101    Rest of APAC: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 102    Rest of APAC: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 103    Latin America: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 104    Latin America: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 105    Latin America: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 106    Latin America: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 107    Latin America: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 108    Middle East and Africa: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 109    Middle East and Africa: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 105    Middle East and Africa: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 106    Middle East and Africa: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 107    Middle East and Africa: Stevia Market Size, by Application, 2019–2028 (USD Million)

List of Figures    

Figure 1    Research Process
Figure 2    Key Secondary Natures
Figure 3    Primary Research Techniques
Figure 4    Key Executives Interviewed
Figure 5    Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6    Market Size Estimation
Figure 7    Organic Sweeteners to Register the Fastest Growth During the Forecast Period
Figure 8    Powder Extract to Dominate the Stevia Market in 2021
Figure 9    Reb M to Register the Fastest Growth During the Forecast Period
Figure 10    Stevia Market Application Analysis, 2021 VS 2028 (USD Million)
Figure 11    Asia-Pacific: Lucrative and Growing Market for Stevia Market Stakeholders
Figure 12    Market Dynamics
Figure 13    Global Stevia Market Size, by Nature, 2021–2028 (USD Million)
Figure 14    Global Stevia Market Size, by Type, 2021–2028 (USD Million)
Figure 15    Global Stevia Market Size, by Component, 2021–2028 (USD Million)
Figure 16    Global Stevia Market Size, by Application, 2021–2028 (USD Million)
Figure 17    Stevia Market Size, by Region, 2021–2028 (USD Million)
Figure18    Key Growth Strategies Adopted by Leading Players, 2018-2021
Figure 19    Stevia Market: Competitive Benchmarking
Figure 20    Tate & Lyle PLC: Financial Overview (2021)
Figure 21    Cargill, Incorporated: Financial Overview (2020)
Figure 22    Archer Daniels Midland Company: Financial Overview (2020)
Figure 23    Ingredion Incorporated: Financial Overview (2020)
Figure 24    Südzucker AG: Financial Overview (2021)
Figure 25    S&W Seed Company: Financial Overview (2020)
Figure 26    GLG Life Tech Corp.: Financial Overview (2020)

 
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Related Research

The Stevia Market is expected to grow at a CAGR of 8.8% from 2021 to 2028 to reach $1.1 billion by 2028. Stevia being a natural sweetener, even in small quantities, can create a desired sweet taste. It contains less food energy than sugar-based sweeteners, making it a zero-calorie or low-calorie sweetener. Obesity, diabetes, and metabolic syndrome have become major public health problems due to their association with imbalanced calorie intake. To curb the conditions mentioned above, stevia plays a vital role in reducing calories as part of an overall healthy diet and physical activity regimen.

The growth of this market is mainly driven by factors, such as the growing prevalence of diabetes & obesity, surging demand for natural sweeteners, rising demand for stevia application in the beverage industry, and the increasing number of new stevia-based product launches. However, fluctuating stevia leaf prices are expected to restrain the growth of this market to some extent in the near future.

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The Impact of COVID-19 on the Stevia Market

The COVID-19 disease caused by the novel coronavirus SARS-nCoV-2 has created a severe public health emergency globally, with its quick spread in more than 215 countries. To combat & control the spread of this disease, many countries worldwide have declared emergencies and announced complete nationwide, statewide, or citywide lockdown, putting off all the travel, transport, manufacturing, educational institutions, and non-essential trade. This has had a significant impact on many industries globally, hitting hard in terms of reduced manufacturing and distributions across the globe. Stevia is one of such industries where manufacturers are facing disruptions in raw material supply due to the pandemic. Also, imports and exports in many countries have either been restricted or delayed since the outbreak, creating hurdles for stevia suppliers.

However, the pandemic has led to the adoption of some best-practice models for the food industry as the pandemic has conveyed the importance of hygienic and nutritious foods comprising reduced sugar, calories, and fats in the prevention of diseases. This industry has faced unprecedented demand from the consumer, particularly for low-calorie food products. For instance, in 2020, in Europe, two-third of people state they are trying to lower their sugar intake. (Source: New Nutrition Business). Therefore, many companies in the food industry have already started changing their strategies by replacing sugar with natural sweeteners.

The stevia market has witnessed a rapid uptick with the onset of the coronavirus crisis, wherein increasing surge in demand for less sugary and immunity-boosting products, as people are seeking solutions to boost overall health and wellbeing. The COVID-19 pandemic has also prompted most health-conscious customers to turn to low-calorie or sugar-free food. Hence, increasing health consciousness and high demand for sugar-reducing solutions and organic foods among the global population have forced manufacturers and product formulators to opt for stevia.

Further, dietary supplement sales increased during the pandemic as they help prepare the immune system against COVID-19, according to the article published by Nutrition Outlook. During the last week of March 2020, the sales growth for overall dietary supplements skyrocketed to more than 35% in the U.S. According to Glanbia Plc., dietary supplements purchase in retail outlets has increased during April 2020. Further, school and office closures have compelled consumers to opt for at-home breakfast, functional foods, coffee, and lunch, which has driven a significant increase in the demand for sugar-free products.

Thus, growing health and wellness concerns, strong demand for dietary supplements, and increasing demand for sugar-free products are expected to propel the growth of the stevia market.

Surging Demand for Natural Sweeteners

Natural sweeteners are one of the prominent ingredients in food formulations to replace sugar content in foods. Stevia is among the most vital natural sweetener applicable in all types of foods, mainly dairy, bakery, confectionery, beverages, and other functional foods. Stevia has a unique taste profile and sweetness intensity, which is approximately 200 to 350 times greater than regular sugar. Increasing death rates due to heart diseases, strokes, obesity, type 2 diabetes, and health consciousness have shifted a wide population towards low-calorie and nutritional foods. It has increased the intake of natural ingredients. Consumer’s propensity towards organic products has increased the demand for natural sweeteners.

According to International Stevia Council, more than 100 countries worldwide have received approval for stevia, and products sweetened with stevia have been accessed by more than 4.5 billion consumers worldwide. Demand is driven by rising consumer demand for healthier and natural food products. Regulatory changes in the EU also stimulate demand for stevia in Europe.

The European food and drink market is one of the largest in the world. The strong growth in the food and beverage industry drives the demand for natural sweeteners like stevia. Natural sweeteners are increasingly used in place of sugar in food and beverage products. According to the 2020 New Nutrition Business Survey, two-thirds of European consumers are trying to lower their sugar intake. In addition, research has also found that European consumers are increasingly looking for products with no added sugars.

Thus, the rising demand for natural sweeteners is enhancing the growth of the stevia market, as natural sweeteners also comprise functional properties that help control blood sugar levels and obesity and mark their presence in organic and clean label products.

Key Findings in the Stevia Market Study:

The organic stevia segment to witness the fastest growth during the forecast period

Based on nature, the stevia market is segmented into organic and conventional. The organic stevia segment is expected to register the highest CAGR during the forecast period of 2021. The fastest growth of this segment is mainly attributed to the growing consumer preference for clean-label products, rising awareness about the health benefits of organic stevia, and increasing use of organic stevia in the food & beverage industry.

The powder segment to dominate the stevia extract market in 2021

Based on type, the stevia market is segmented into leaves and extracts. Further, the extracts segment is divided into powder and liquid. The powder segment is expected to generate the largest portion of the revenue of the stevia extracts market in 2021. Key factors contributing to the dominant position of this segment are good solubility, no bitter after taste, high potency sweetness, ease of use, and increasing application in beverages.

The Reb A component segment to witness the highest demand through 2028

Based on components, the stevia market is segmented into Reb A, Reb D, Reb M, and other components. The Reb A component segment is expected to generate the largest portion of the revenue of the stevia market in 2021. Key factors contributing to the dominant position of this segment are its easy availability, less expensive compared to other components, multiple functional properties, and ease of use in different applications.

In 2021, the beverages segment to dominate the stevia market

Based on application, the stevia market is segmented into food, beverages, tabletop sweeteners, pharmaceuticals, and other applications. The beverages segment is expected to dominate the stevia market in 2021. The dominant position of this segment is mainly attributed to the growing awareness of health benefits related to natural sweeteners in beverages, increasing new product development and launches of stevia-based beverages, and rising demand for sugar-free beverages, the growing popularity of flavored soft drinks. Also, the growing demand for health and sports drinks with enhanced nutritional value is expected to support the growth of this segment.

North America: The dominating regional market

The stevia market is divided into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to command the largest share of the stevia market in 2021. The growth of this region is mainly attributed to the factors like the rising rate of various chronic diseases; the increasing prevalence of diabetic people, and obesity; changing trends, such as low carb and clean labels; and strong demand for sugar-free products. However, the Asia-Pacific region is expected to register the fastest growth during the forecast period of 2021-2028.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments by leading market participants in the industry over the past four years. Some of the key players operating in the stevia market are Tate & Lyle PLC, (U.K.), Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Südzucker AG (Germany), GLG Life Tech Corp. (Canada), Sunwin Stevia International Inc (China), MORITA KAGAKU KOGYO CO., LTD. (Japan), Zhucheng Haotian Pharm Co., Ltd. (China), Stevialite Holding (Colombia), Guilin Layn Natural Ingredients Corp. (China), S&W Seed Company (U.S.), The Real Stevia Company AB (Sweden), and Van Wankum Ingredients (Netherlands)

Scope of the Report:

Stevia Market, by Nature                    

  • Organic
  • Conventional

Stevia Market, by Type

  • Leaves
  • Extract
    • Powder
    • Liquid          

Stevia Market, by Components

  • Reb A
  • Reb D
  • Reb M
  • Others (Reb C, E, F)

Stevia Market, by Application

  • Beverages
  • Food
  • Tabletop Sweeteners
  • Pharmaceuticals
  • Others

Stevia Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • Latin America
  • Middle East & Africa

Key Questions Answered in the Report:

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1.    Introduction
       1.1.    Market Definition
       1.2.    Market Ecosystem
       1.3.    Currency        
       1.4.    Key Stakeholders    

2.    Research Methodology
       2.1.    Research Process
       2.2.    Data Collection & Validation
                 2.2.1.    Secondary Research
                 2.2.2.    Primary Research
       2.3.    Market Assessment
                 2.3.1.    Market Size Estimation
                 2.3.2.    Bottom-Up Approach
                 2.3.3.    Top-Down Approach
                 2.3.4.    Growth Forecast
                 2.3.5.    Market Share Analysis
       2.4.    Assumptions for The Study
       2.5.    Limitations for The Study

3.    Executive Summary
       3.1.    Introduction
       3.2.    Segment Analysis
       3.3.    Regional Analysis
       3.4.    Key Players

4.    Market Insights
       4.1.    Introduction
       4.2.    Drivers
                 4.2.1.    Growing Prevalence of Diabetes and Obesity
                 4.2.2.    Surging Demand for Natural Sweeteners
                 4.2.3.    Rising Demand for Stevia Application in Beverage Industry
                 4.2.4.    Increasing Number of New Stevia-Based Component Launches
       4.3.    Restraints
                 4.3.1.    Fluctuation in Stevia Leaf Prices
       4.4.    Trends
                 4.4.1.    Clean Label     
       4.5.    Opportunities
                 4.5.1.    Emerging Economies

5.    The Impact of COVID-19 on the Stevia Market

6.    Global Stevia Market, by Nature
       6.1.    Introduction
       6.2.    Conventional
       6.3.    Organic

7.    Global Stevia Market, by Type
       7.1.    Introduction
       7.2.    Leaves
       7.3.    Extract
                 7.3.1.    Powder
                 7.3.2.     Liquid

8.    Global Stevia Market, by Component
       8.1.    Reb A
       8.2.    Reb D
       8.3.    Reb M
       8.4.    Others (Reb C, E, F)
    
9.    Global Stevia Market, by Application
       9.1.    Introduction
       9.2.    Beverages 
       9.3.    Food
       9.4.    Tabletop Sweeteners
       9.5.    Pharmaceuticals
       9.6.    Other Application

10.    Global   Stevia Market, by Geography
         10.1.    Introduction
         10.2.    North America
                    10.2.1.    U.S.
                    10.2.2.    Canada
         10.3.    Europe
                    10.3.1.    Germany
                    10.3.2.    France 
                    10.3.3.    U.K.
                    10.3.4.    Italy
                    10.3.5.    Spain
                    10.3.6.    Rest of Europe
         10.4.    Asia-Pacific
                    10.4.1.    China
                    10.4.2.    Japan 
                    10.4.3.    India
                    10.4.4.    Rest of Asia-Pacific
         10.5.    Latin America
         10.6.    Middle East and Africa


11.    Competitive Landscape
         11.1.    Introduction
         11.2.    Key Growth Strategies
         11.3.    Competitive Benchmarking
 
12.     Company Profiles
         12.1.    Tate & Lyle PLC
         12.2.    Cargill, Incorporated
         12.3.    Archer Daniels Midland Company
         12.4.    Ingredion Incorporated
         12.5.    Südzucker AG
         12.6.    S&W Seed Company 
         12.7.    GLG Life Tech Corp.
         12.8.    Sunwin Stevia International Inc
         12.9.    MORITA KAGAKU KOGYO CO., LTD. 
         12.10.    Zhucheng Haotian Pharm Co., Ltd.
         12.11.    STEVIALITE Holding
         12.12.    Guilin Layn Natural Ingredients Corp.
         12.13.    The Real Stevia Company AB 
         12.14.    Van Wankum Ingredients
         12.15.    Other Companies

13.    Appendix
         13.1.    Questionnaire
         13.2.    Available Customizations

List of Tables    

Table 1    Stevia Market Drivers: Impact Analysis for (2021–2028)
Table 2    Stevia Market Restraints: Impact Analysis for (2021–2028)
Table 3    Global Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 4    Conventional Stevia Market Size, by Country/Region, 2019–2028 (USD Million)
Table 5    Organic Stevia Market Size, by Country/Region, 2019–2028 (USD Million)
Table 6    Global Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 7    Stevia Leaves Market Size, by Country/Region, 2019–2028 (USD Million)
Table 8    Stevia Extract Market Size, by Country/Region, 2019–2028 (USD Million)
Table 9    Global Stevia Extract Market Size, by Type, 2019–2028 (USD Million)
Table 10    Stevia Powder Extract Market Size, by Country/Region, 2019–2028 (USD Million)
Table 11    Stevia Liquid Extract Market Size, by Country/Region, 2019–2028 (USD Million)
Table 12    Global Stevia Market Size, by Components, 2019–2028 (USD Million)
Table 13    Reb A Market Size, by Country/Region, 2019–2028 (USD Million)
Table 14    Reb D Market Size, by Country/Region, 2019–2028 (USD Million)
Table 15    Reb M Market Size, by Country/Region, 2019–2028 (USD Million)
Table 16    Other Components Market Size, by Country/Region, 2019–2028 (USD Million)
Table 17    Global Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 18    Stevia Market Size for Beverages, by Country/Region, 2019–2028 (USD Million)
Table 19    Stevia Market Size for Food, by Country/Region, 2019–2028 (USD Million)
Table 20    Stevia Market Size for Tabletop Sweeteners, by Country/Region, 2019–2028 (USD Million)
Table 21    Stevia Market Size for Pharmaceuticals, by Country/Region, 2019–2028 (USD Million)
Table 22    Stevia Market Size for Other Application, by Country/Region, 2019–2028 (USD Million)
Table 23    North America: Stevia Market Size, by Country, 2019–2028 (USD Million)
Table 24    North America: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 25    North America: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 26    North America: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 27    North America: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 28    North America: Stevia Market Size, by Form, 2019–2028 (USD Million)
Table 29    North America: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 30    U.S.: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 31    U.S.: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 32    U.S: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 33    U.S.: Stevia Market Size, by Component, 2019–2028 (USD Million)    
Table 34    U.S.: Stevia Market Size, by Form, 2019–2028 (USD Million)
Table 35    U.S.: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 36    Canada: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 37    Canada: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 38    Canada: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)

Table 39    Canada: Stevia Market Size, by Component, 2019–2028 (USD Million)    
Table 40    Canada: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 41    Europe: Stevia Market Size, by Country, 2019–2028 (USD Million)
Table 42    Europe: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 43    Europe: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 44    Europe: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 45    Europe: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 46    Europe: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 47    Germany: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 48    Germany: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 49    Germany: Stevia Market Size for Extract by Type, 2019–2028 (USD Million)
Table 50    Germany: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 51    Germany: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 52    France: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 53    France: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 54    France: Stevia Market Size for Extract by Type, 2019–2028 (USD Million)
Table 55    France: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 56    France: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 57    U.K.: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 58    U.K.: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 59    U.K.: Stevia Market Size for Extract by Type, 2019–2028 (USD Million)
Table 60    U.K.: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 61    U.K.: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 62    Italy: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 63    Italy: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 64    Italy: Stevia Market Size for Extract by Type, 2019–2028 (USD Million)
Table 65    Italy: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 66    Italy: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 67    Spain: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 68    Spain: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 69    Spain: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 70    Spain: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 71    Spain: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 72    Rest of Europe: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 73    Rest of Europe: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 74    Rest of Europe: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 75    Rest of Europe: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 76    Rest of Europe: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 77    Asia-Pacific: Stevia Market Size, by Country, 2019–2028 (USD Million)
Table 78    Asia-Pacific: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 79    Asia-Pacific: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 80    Asia-Pacific: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 81    Asia-Pacific: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 82    Asia-Pacific: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 83    China: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 84    China: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 85    China: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 86    China: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 87    China: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 88    Japan: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 89    Japan: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 90    Japan: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 91    Japan: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 92    Japan: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 93    India: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 94    India: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 95    India: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 96    India: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 97    India: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 98    Rest of APAC: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 99    Rest of APAC: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 100    Rest of APAC: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 101    Rest of APAC: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 102    Rest of APAC: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 103    Latin America: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 104    Latin America: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 105    Latin America: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 106    Latin America: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 107    Latin America: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 108    Middle East and Africa: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 109    Middle East and Africa: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 105    Middle East and Africa: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 106    Middle East and Africa: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 107    Middle East and Africa: Stevia Market Size, by Application, 2019–2028 (USD Million)

List of Figures    

Figure 1    Research Process
Figure 2    Key Secondary Natures
Figure 3    Primary Research Techniques
Figure 4    Key Executives Interviewed
Figure 5    Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6    Market Size Estimation
Figure 7    Organic Sweeteners to Register the Fastest Growth During the Forecast Period
Figure 8    Powder Extract to Dominate the Stevia Market in 2021
Figure 9    Reb M to Register the Fastest Growth During the Forecast Period
Figure 10    Stevia Market Application Analysis, 2021 VS 2028 (USD Million)
Figure 11    Asia-Pacific: Lucrative and Growing Market for Stevia Market Stakeholders
Figure 12    Market Dynamics
Figure 13    Global Stevia Market Size, by Nature, 2021–2028 (USD Million)
Figure 14    Global Stevia Market Size, by Type, 2021–2028 (USD Million)
Figure 15    Global Stevia Market Size, by Component, 2021–2028 (USD Million)
Figure 16    Global Stevia Market Size, by Application, 2021–2028 (USD Million)
Figure 17    Stevia Market Size, by Region, 2021–2028 (USD Million)
Figure18    Key Growth Strategies Adopted by Leading Players, 2018-2021
Figure 19    Stevia Market: Competitive Benchmarking
Figure 20    Tate & Lyle PLC: Financial Overview (2021)
Figure 21    Cargill, Incorporated: Financial Overview (2020)
Figure 22    Archer Daniels Midland Company: Financial Overview (2020)
Figure 23    Ingredion Incorporated: Financial Overview (2020)
Figure 24    Südzucker AG: Financial Overview (2021)
Figure 25    S&W Seed Company: Financial Overview (2020)
Figure 26    GLG Life Tech Corp.: Financial Overview (2020)

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1.    Introduction
       1.1.    Market Definition
       1.2.    Market Ecosystem
       1.3.    Currency        
       1.4.    Key Stakeholders    

2.    Research Methodology
       2.1.    Research Process
       2.2.    Data Collection & Validation
                 2.2.1.    Secondary Research
                 2.2.2.    Primary Research
       2.3.    Market Assessment
                 2.3.1.    Market Size Estimation
                 2.3.2.    Bottom-Up Approach
                 2.3.3.    Top-Down Approach
                 2.3.4.    Growth Forecast
                 2.3.5.    Market Share Analysis
       2.4.    Assumptions for The Study
       2.5.    Limitations for The Study

3.    Executive Summary
       3.1.    Introduction
       3.2.    Segment Analysis
       3.3.    Regional Analysis
       3.4.    Key Players

4.    Market Insights
       4.1.    Introduction
       4.2.    Drivers
                 4.2.1.    Growing Prevalence of Diabetes and Obesity
                 4.2.2.    Surging Demand for Natural Sweeteners
                 4.2.3.    Rising Demand for Stevia Application in Beverage Industry
                 4.2.4.    Increasing Number of New Stevia-Based Component Launches
       4.3.    Restraints
                 4.3.1.    Fluctuation in Stevia Leaf Prices
       4.4.    Trends
                 4.4.1.    Clean Label     
       4.5.    Opportunities
                 4.5.1.    Emerging Economies

5.    The Impact of COVID-19 on the Stevia Market

6.    Global Stevia Market, by Nature
       6.1.    Introduction
       6.2.    Conventional
       6.3.    Organic

7.    Global Stevia Market, by Type
       7.1.    Introduction
       7.2.    Leaves
       7.3.    Extract
                 7.3.1.    Powder
                 7.3.2.     Liquid

8.    Global Stevia Market, by Component
       8.1.    Reb A
       8.2.    Reb D
       8.3.    Reb M
       8.4.    Others (Reb C, E, F)
    
9.    Global Stevia Market, by Application
       9.1.    Introduction
       9.2.    Beverages 
       9.3.    Food
       9.4.    Tabletop Sweeteners
       9.5.    Pharmaceuticals
       9.6.    Other Application

10.    Global   Stevia Market, by Geography
         10.1.    Introduction
         10.2.    North America
                    10.2.1.    U.S.
                    10.2.2.    Canada
         10.3.    Europe
                    10.3.1.    Germany
                    10.3.2.    France 
                    10.3.3.    U.K.
                    10.3.4.    Italy
                    10.3.5.    Spain
                    10.3.6.    Rest of Europe
         10.4.    Asia-Pacific
                    10.4.1.    China
                    10.4.2.    Japan 
                    10.4.3.    India
                    10.4.4.    Rest of Asia-Pacific
         10.5.    Latin America
         10.6.    Middle East and Africa


11.    Competitive Landscape
         11.1.    Introduction
         11.2.    Key Growth Strategies
         11.3.    Competitive Benchmarking
 
12.     Company Profiles
         12.1.    Tate & Lyle PLC
         12.2.    Cargill, Incorporated
         12.3.    Archer Daniels Midland Company
         12.4.    Ingredion Incorporated
         12.5.    Südzucker AG
         12.6.    S&W Seed Company 
         12.7.    GLG Life Tech Corp.
         12.8.    Sunwin Stevia International Inc
         12.9.    MORITA KAGAKU KOGYO CO., LTD. 
         12.10.    Zhucheng Haotian Pharm Co., Ltd.
         12.11.    STEVIALITE Holding
         12.12.    Guilin Layn Natural Ingredients Corp.
         12.13.    The Real Stevia Company AB 
         12.14.    Van Wankum Ingredients
         12.15.    Other Companies

13.    Appendix
         13.1.    Questionnaire
         13.2.    Available Customizations

List of Tables    

Table 1    Stevia Market Drivers: Impact Analysis for (2021–2028)
Table 2    Stevia Market Restraints: Impact Analysis for (2021–2028)
Table 3    Global Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 4    Conventional Stevia Market Size, by Country/Region, 2019–2028 (USD Million)
Table 5    Organic Stevia Market Size, by Country/Region, 2019–2028 (USD Million)
Table 6    Global Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 7    Stevia Leaves Market Size, by Country/Region, 2019–2028 (USD Million)
Table 8    Stevia Extract Market Size, by Country/Region, 2019–2028 (USD Million)
Table 9    Global Stevia Extract Market Size, by Type, 2019–2028 (USD Million)
Table 10    Stevia Powder Extract Market Size, by Country/Region, 2019–2028 (USD Million)
Table 11    Stevia Liquid Extract Market Size, by Country/Region, 2019–2028 (USD Million)
Table 12    Global Stevia Market Size, by Components, 2019–2028 (USD Million)
Table 13    Reb A Market Size, by Country/Region, 2019–2028 (USD Million)
Table 14    Reb D Market Size, by Country/Region, 2019–2028 (USD Million)
Table 15    Reb M Market Size, by Country/Region, 2019–2028 (USD Million)
Table 16    Other Components Market Size, by Country/Region, 2019–2028 (USD Million)
Table 17    Global Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 18    Stevia Market Size for Beverages, by Country/Region, 2019–2028 (USD Million)
Table 19    Stevia Market Size for Food, by Country/Region, 2019–2028 (USD Million)
Table 20    Stevia Market Size for Tabletop Sweeteners, by Country/Region, 2019–2028 (USD Million)
Table 21    Stevia Market Size for Pharmaceuticals, by Country/Region, 2019–2028 (USD Million)
Table 22    Stevia Market Size for Other Application, by Country/Region, 2019–2028 (USD Million)
Table 23    North America: Stevia Market Size, by Country, 2019–2028 (USD Million)
Table 24    North America: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 25    North America: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 26    North America: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 27    North America: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 28    North America: Stevia Market Size, by Form, 2019–2028 (USD Million)
Table 29    North America: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 30    U.S.: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 31    U.S.: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 32    U.S: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 33    U.S.: Stevia Market Size, by Component, 2019–2028 (USD Million)    
Table 34    U.S.: Stevia Market Size, by Form, 2019–2028 (USD Million)
Table 35    U.S.: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 36    Canada: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 37    Canada: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 38    Canada: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)

Table 39    Canada: Stevia Market Size, by Component, 2019–2028 (USD Million)    
Table 40    Canada: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 41    Europe: Stevia Market Size, by Country, 2019–2028 (USD Million)
Table 42    Europe: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 43    Europe: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 44    Europe: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 45    Europe: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 46    Europe: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 47    Germany: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 48    Germany: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 49    Germany: Stevia Market Size for Extract by Type, 2019–2028 (USD Million)
Table 50    Germany: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 51    Germany: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 52    France: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 53    France: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 54    France: Stevia Market Size for Extract by Type, 2019–2028 (USD Million)
Table 55    France: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 56    France: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 57    U.K.: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 58    U.K.: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 59    U.K.: Stevia Market Size for Extract by Type, 2019–2028 (USD Million)
Table 60    U.K.: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 61    U.K.: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 62    Italy: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 63    Italy: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 64    Italy: Stevia Market Size for Extract by Type, 2019–2028 (USD Million)
Table 65    Italy: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 66    Italy: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 67    Spain: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 68    Spain: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 69    Spain: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 70    Spain: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 71    Spain: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 72    Rest of Europe: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 73    Rest of Europe: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 74    Rest of Europe: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 75    Rest of Europe: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 76    Rest of Europe: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 77    Asia-Pacific: Stevia Market Size, by Country, 2019–2028 (USD Million)
Table 78    Asia-Pacific: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 79    Asia-Pacific: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 80    Asia-Pacific: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 81    Asia-Pacific: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 82    Asia-Pacific: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 83    China: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 84    China: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 85    China: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 86    China: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 87    China: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 88    Japan: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 89    Japan: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 90    Japan: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 91    Japan: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 92    Japan: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 93    India: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 94    India: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 95    India: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 96    India: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 97    India: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 98    Rest of APAC: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 99    Rest of APAC: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 100    Rest of APAC: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 101    Rest of APAC: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 102    Rest of APAC: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 103    Latin America: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 104    Latin America: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 105    Latin America: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 106    Latin America: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 107    Latin America: Stevia Market Size, by Application, 2019–2028 (USD Million)
Table 108    Middle East and Africa: Stevia Market Size, by Nature, 2019–2028 (USD Million)
Table 109    Middle East and Africa: Stevia Market Size, by Type, 2019–2028 (USD Million)
Table 105    Middle East and Africa: Stevia Market Size for Extract, by Type, 2019–2028 (USD Million)
Table 106    Middle East and Africa: Stevia Market Size, by Component, 2019–2028 (USD Million)
Table 107    Middle East and Africa: Stevia Market Size, by Application, 2019–2028 (USD Million)

List of Figures    

Figure 1    Research Process
Figure 2    Key Secondary Natures
Figure 3    Primary Research Techniques
Figure 4    Key Executives Interviewed
Figure 5    Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6    Market Size Estimation
Figure 7    Organic Sweeteners to Register the Fastest Growth During the Forecast Period
Figure 8    Powder Extract to Dominate the Stevia Market in 2021
Figure 9    Reb M to Register the Fastest Growth During the Forecast Period
Figure 10    Stevia Market Application Analysis, 2021 VS 2028 (USD Million)
Figure 11    Asia-Pacific: Lucrative and Growing Market for Stevia Market Stakeholders
Figure 12    Market Dynamics
Figure 13    Global Stevia Market Size, by Nature, 2021–2028 (USD Million)
Figure 14    Global Stevia Market Size, by Type, 2021–2028 (USD Million)
Figure 15    Global Stevia Market Size, by Component, 2021–2028 (USD Million)
Figure 16    Global Stevia Market Size, by Application, 2021–2028 (USD Million)
Figure 17    Stevia Market Size, by Region, 2021–2028 (USD Million)
Figure18    Key Growth Strategies Adopted by Leading Players, 2018-2021
Figure 19    Stevia Market: Competitive Benchmarking
Figure 20    Tate & Lyle PLC: Financial Overview (2021)
Figure 21    Cargill, Incorporated: Financial Overview (2020)
Figure 22    Archer Daniels Midland Company: Financial Overview (2020)
Figure 23    Ingredion Incorporated: Financial Overview (2020)
Figure 24    Südzucker AG: Financial Overview (2021)
Figure 25    S&W Seed Company: Financial Overview (2020)
Figure 26    GLG Life Tech Corp.: Financial Overview (2020)

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