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Press Release:
Stevia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
Stevia is a natural sweetener extracted from a herbal plant species called Stevia Rebaudiana. The active and major compounds in stevia, called Stevioside and Rebaudioside A, are responsible for its sweetness. In South American countries like Paraguay and Brazil, people have used its leaves for over hundreds of years. Besides sweetening the food, the leaves were traditionally used to treat burns, stomach problems, other ailments, etc. According to the latest report by IMARC Group, titled “Stevia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global stevia market reached a value of US$ 448 Million in 2017.
Stevia is a 100% natural and zero-calorie sweetener which is 200 times sweeter than sugar and is known to have various health benefits. Since stevia has a low glycemic index and does not influence blood sugar levels, it is suitable for diabetic patients. Its non-cariogenic nature makes it mild on teeth resulting in good dental health. The growing awareness about the health benefits of stevia over sugar has led to a global increase in its demand because of which it is now commercially grown across the globe. As most of the low-calorie sweeteners available in the market are artificial, the demand for natural sweeteners like stevia has further expanded. Other factors influencing the global demand of stevia are the lifestyle changes, growing disposable income, awareness about maintaining a good health, government initiatives on reducing the sugar intake and the need to combat health problems like obesity and diabetes. Looking forward, the market value is projected to reach US$ 755 Million by 2023, registering a CAGR of more than 9% during 2018-2023.
According to the report, the market is segmented on the basis of the extract type of stevia, namely powder, liquid and leaf. The powder form currently holds the biggest market share, followed by liquid and leaf. Based on its end-uses, stevia finds its application mainly in the food, beverage and pharmaceutical markets. Its demand in the beverage sector is comparatively high due to the rising demand for low-calorie drinks. The global stevia market has also been segmented on the basis of geography where Asia Pacific represented the biggest producer. Within Asia Pacific, China represented the leading producer of stevia. Asia Pacific was followed by the North American region where demand for natural sweeteners made from herbs is growing robustly especially in food and beverages. The third largest market for stevia was South America with Brazil, Colombia, Peru, Paraguay, and Uruguay being the key producers.
The report provides a comprehensive insight into the dynamics of the stevia market. The market analysis includes volume trends, value trends, price trends, key players, market breakup by region, market breakup by end-use industries, key success factors, key risk factors, feedstock market trends, etc. Apart from the market analysis, the report also provides an exhaustive technical insight on stevia. This includes chemical information, manufacturing process, chemical reactions involved, raw material requirements, mass balance, conversion rate of feedstock, etc.
Key Questions Answered in This Report:
- What have been the historical and current volume trends in the stevia market?
- What have been the historical and current value trends in the stevia market?
- What have been the historical and current price trends in the stevia market?
- Which are the key regions in the stevia market and what is their breakup?
- Which are the key end-use industries for stevia and what is their breakup?
- What is the outlook of the stevia market?
- What are the key success factors in the stevia market?
- What are the key risk factors in the stevia market?
- Who are the key manufacturers in the stevia market?
- How is stevia manufactured?
- What are the raw material requirements during the manufacturing of stevia?
- What is the mass balance and conversion rate of feedstock during the manufacturing of stevia?
- What is the supply demand of various feedstock that are used in the manufacturing of stevia?
- Who are the key manufacturers of stevia feedstock?
1 Preface
2 Research Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Properties
5 Global Stevia Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Price Trends
5.4 Market Breakup by Region
5.5 Market Breakup by Extract type
5.6 Market Breakup by End Use
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Strengths
5.8.2 Weaknesses
5.8.3 Opportunities
5.8.4 Threats
5.9 Value Chain Analysis
5.10 Porter’s Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Key Market Drivers and Success Factors
6 Performance of Key Regions
6.1 Asia Pacific
6.2 North America
6.3 Europe
6.4 Middle East and Africa
6.5 Latin America
7 Market by Extract type
7.1 Powder
7.2 Liquid
7.3 Leaf
8 Market by End Use
8.1 Beverages
8.2 Food
8.3 Table Top Sweeteners
8.4 Pharmaceuticals
8.5 Others
9 Competitive Landscape
9.1 Competitive Structure
9.2 Market Share of Key Players
10 Stevia Manufacturing Process
10.1 Product Overview
10.2 Manufacturing Process
10.3 Detailed Process Flow
10.4 Raw Material Requirement
10.5 Mass Balance and Feedstock Conversion Rates
11 Stevia Feedstock Market Analysis
11.1 Stevia leaves
11.1.1 Market Performance
11.1.1.1 Volume Trend
11.1.1.2 Value Trend
11.1.2 Price Trend
11.1.3 Key Suppliers
11.2 Ethanol
11.2.1 Market Performance
11.2.1.1 Volume Trend
11.2.1.2 Value Trend
11.2.2 Price Trend
11.2.3 Key Suppliers
12 Key Player Profiles
List of Figures
Figure 1: Global: Stevia Industry Overview
Figure 2: Global: Stevia Market: Sales Volume Trends (in Tons), 2010 - 2017
Figure 3: Global: Stevia Market: Sales Value Trends (in Million US$), 2010 - 2017
Figure 4: Global: Stevia Price Trends (in US$/Ton), 2010 - 2017
Figure 5: Global: Stevia Market: Breakup by Region (in %), 2017
Figure 6: Global: Stevia Market: Breakup by Extract Type (in %), 2017
Figure 7: Global: Stevia Market: Breakup by End-Use (in %), 2017
Figure 8: Global: Stevia Market Forecast: Sales Volume Trends (in Tons), 2018-2023
Figure 9: Global: Stevia Market Forecast: Sales Value Trends (in Million US$), 2018-2023
Figure 10: Global: Stevia Industry: SWOT Analysis
Figure 11: Global: Stevia Industry: Value Chain Analysis
Figure 12: Global: Stevia Industry: Porter’s Five Forces Analysis
Figure 13: Asia Pacific: Stevia Market (in Tons), 2010, 2017 & 2023
Figure 14: North America: Stevia Market (in Tons), 2010, 2017 & 2023
Figure 15: Europe: Stevia Market (in Tons), 2010, 2017 & 2023
Figure 16: Latin America: Stevia Market (in Tons), 2010, 2017 & 2023
Figure 17: Middle East and Africa: Stevia Market (in Tons), 2010, 2017 & 2023
Figure 18: Global: Stevia Market: Powder (in %), 2010, 2017 & 2023
Figure 19: Global: Stevia Market: Liquid (in %), 2010, 2017 & 2023
Figure 20: Global: Stevia Market: Leaf (in %), 2010, 2017 & 2023
Figure 21: Global: Stevia Market: Beverages (in %), 2010, 2017 & 2023
Figure 22: Global: Stevia Market: Food (in Tons), 2010, 2017 & 2023
Figure 23: Global: Stevia Market: Table top Sweeteners (in %), 2010, 2017 & 2023
Figure 24: Global: Stevia Market: Pharmaceuticals (in %), 2010, 2017 & 2023
Figure 25: Global: Stevia Market: Other Applications (in %), 2010, 2017 & 2023
Figure 26: Global: Stevia Manufacturing Process: Detailed Process Flow
Figure 27: Global: Stevia Manufacturing Process: Conversion Rate of Products
Figure 28: Global: Stevia Leaves Market: Demand Volume Trends (in Tons), 2010-2017
Figure 29: Global: Stevia Leaves Market: Price Trends (in US$/kg), 2010-2017
Figure 30: Global: Stevia Leaves Market: Breakup by Region (in %), 2017
Figure 31: Global: Ethanol Market: Production Volume Trends (in Billion Litres), 2018-2023
Figure 32: Global: Ethanol Market Forecast: Price Trends (in US$/Litres), 2018-2023
Figure 33: Global: Ethanol Market: Breakup by Region (in %)
Figure 34: Global: Ethanol Market: Breakup by Manufacturer (in %)
List of Tables
Table 1: Stevia: Physical Properties
Table 2: Stevia: Chemical Properties
Table 3: Global: Stevia Market: Key Industry Highlights, 2017 and 2023
Table 4: Global: Stevia Market Forecast: Breakup by Region, 2018 - 2023
Table 5: Global: Stevia Manufacturing: Raw Materials Required
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