Global Stevia Extracts Market By Type (Organic, Conventional), By Form (Leaf, Powder, Liquid), By Application (Beverages & Food, Dietry Suppliments, Pharmaceuticals, Others), By region (North America, Latin America, Europe, Asia Pacific, America, East and Africa) - Industry Trends and Forecast to 2030.
Global Stevia Extracts Market
Global Stevia Extracts Market was valued at USD 770 Million in 2022 and is expected to reach USD 1500 million by 2030, with a CAGR of 11.75 % during the forecast period 2023-2030.
Stevia manages diabetes, helps weight loss, lower cholesterol, skincare and others. The high sugar consumption causes health risks, and has led consumers to shift to healthier substitutes in order to minimize intake of sugar, helping directly to lower the health issues. Cosmetics is catching the eye for stevia products, causing skincare to propel its growth with stevia content.
Market Drivers
Rising demand for stevia as people is consuming low sugar diets helping them to reduce health risks. Health conscious people are looking for plant-based sweeteners causing market growth for stevia.
Skincare routines have been injected with little amounts of stevia.
Market Restraints
Stevia taken in large amounts can cause gastrointestinal issues, low blood pressure and can cause damage to kidneys over time. Endocrine problems also come to surface with stevia use.
Impact of COVID- 19
The pandemic has led to the changing consumer from conventional brick-and-mortar distribution towards online retail platforms.
Market Segmentation
Global Stevia Extracts Market is segmented on the basis of By Type, By Form, By Application
Based on the By Type market is segmented into Organic, Conventional. Further market is segmented into By Form Leaf, Powder, Liquid. By Application market is segmented into Beverages & Food, Dietry Suppliments, Pharmaceuticals, Others.
Regional Analysis
Global Stevia Extracts Market is segmented into five main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia-Pacific and Europe are the top most regions with a stevia growth market. Europeans import leaves and then extract pure stevia sweetener causing the rise in the price. The US, Canada market is growing as the demand for ready to drink beverages. The import, exportation of non-alcoholic beverages creating growth in North America.
Key Players
Cargill, Tate & Lyle Plc, Pure Circle Ltd, S&W Seed Co, Ingredion Corporated, SteviaPac Food Corporation, Swanson, Wisdom Natural Brands, Layn Corp, The Real Stevia Company
Market Taxonomy
By Type
• Organic
• Conventional
By Form
• Leaf
• Powder
• Liquid
By Application
• Beverages
• FoodDietry Suppliments
• Pharmaceuticals
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Stevia Extracts Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Stevia Extracts Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Stevia Extracts Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Stevia Extracts Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Stevia Extracts Market Share Analysis, By Type
5.3 Global Stevia Extracts Market Size and Forecast, By Type
5.3.1 Organic
5.3.2 Conventional
6 Global Stevia Extracts Market, By Form
6.1 Y-o-Y Growth Comparison, By Form
6.2 Global Stevia Extracts Market Share Analysis, By Form
6.3 Global Stevia Extracts Market Size and Forecast, By Form
6.3.1 Leaf
6.3.2 Powder
6.3.2 Liquid
7 Global Stevia Extracts Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Stevia Extracts Market Share Analysis, By Application
7.3 Global Stevia Extracts Market Size and Forecast, By Application
7.3.1 Beverages & Food
7.3.2 Dietry Suppliments
7.3.3 Pharmaceuticals
8 Global Stevia Extracts Market, By Region
8.1 Global Stevia Extracts Market Share Analysis, By Region
8.2 Global Stevia Extracts Market Size and Forecast, By Region
8.3 Global Stevia Extracts Market Trends and Forecast, By Region
9 North America Stevia Extracts Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Stevia Extracts Market Share Analysis, By Type
9.3 North America Stevia Extracts Market Size and Forecast, By Form
9.4 North America Stevia Extracts Market Size and Forecast, By Application
9.5 North America Stevia Extracts Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1. Market Size and Forecast, By Type
9.5.1.2 Market Size and Forecast, By Form
9.5.1.3. Market Size and Forecast, By Application
9.5.2 Canada
9.5.2.1. Market Size and Forecast, By Type
9.5.2.2 Market Size and Forecast, By Form
9.5.2.3. Market Size and Forecast, By Application
9.5.3 Mexico
9.5.3.1. Market Size and Forecast, By Type
9.5.3.2 Market Size and Forecast, By Form
9.5.3.3. Market Size and Forecast, By Application
10 Europe Stevia Extracts Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Stevia Extracts Market Share Analysis, By Type
10.3 Europe Stevia Extracts Market Size and Forecast, By Form
10.4 Europe Stevia Extracts Market Size and Forecast, By Application
10.5 Europe Stevia Extracts Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1. Market Size and Forecast, By Type
10.5.1.2 Market Size and Forecast, By Form
10.5.1.3. Market Size and Forecast, By Application
10.5.2 France
10.5.2.1. Market Size and Forecast, By Type
10.5.2.2 Market Size and Forecast, By Form
10.5.2.3. Market Size and Forecast, By Application
10.5.3 UK
10.5.3.1. Market Size and Forecast, By Type
10.5.3.2 Market Size and Forecast, By Form
10.5.3.3. Market Size and Forecast, By Application
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Type
10.5.4.2 Market Size and Forecast, By Form
10.5.4.3. Market Size and Forecast, By Application
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Type
10.5.5.2 Market Size and Forecast, By Form
10.5.5.3. Market Size and Forecast, By Application
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Type
10.5.6.2 Market Size and Forecast, By Form
10.5.6.3. Market Size and Forecast, By Application
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Type
10.5.7.2 Market Size and Forecast, By Form
10.5.7.3. Market Size and Forecast, By Application
11 Asia Pacific Stevia Extracts Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Stevia Extracts Market Share Analysis, By Type
11.3 Asia Pacific Stevia Extracts Market Size and Forecast, By Form
11.4 Asia Pacific Stevia Extracts Market Size and Forecast, By Application
11.5 Asia Pacific Stevia Extracts Market Size and Forecast, By Country
11.5.1 China
11.5.1.1. Market Size and Forecast, By Type
11.5.1.2 Market Size and Forecast, By Form
11.5.1.3. Market Size and Forecast, By Application
11.5.2 Japan
11.5.2.1. Market Size and Forecast, By Type
11.5.2.2 Market Size and Forecast, By Form
11.5.2.3. Market Size and Forecast, By Application
11.5.3 India
11.5.3.1. Market Size and Forecast, By Type
11.5.3.2 Market Size and Forecast, By Form
11.5.3.3. Market Size and Forecast, By Application
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Type
11.5.4.2 Market Size and Forecast, By Form
11.5.4.3. Market Size and Forecast, By Application
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Type
11.5.5.2 Market Size and Forecast, By Form
11.5.5.3. Market Size and Forecast, By Application
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Type
11.5.6.2 Market Size and Forecast, By Form
11.5.6.3. Market Size and Forecast, By Application
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Type
11.5.7.2 Market Size and Forecast, By Form
11.5.7.3. Market Size and Forecast, By Application
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Type
11.5.8.2 Market Size and Forecast, By Form
11.5.8.3. Market Size and Forecast, By Application
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Type
11.5.9.2 Market Size and Forecast, By Form
11.5.9.3. Market Size and Forecast, By Application
12 Latin America Stevia Extracts Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Stevia Extracts Market Share Analysis, By Type
12.3 Latin America Stevia Extracts Market Size and Forecast, By Form
12.4 Latin America Stevia Extracts Market Size and Forecast, By Application
12.5 Latin America Stevia Extracts Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1. Market Size and Forecast, By Type
12.5.1.2 Market Size and Forecast, By Form
12.5.1.3. Market Size and Forecast, By Application
12.5.2 Argentina
12.5.2.1. Market Size and Forecast, By Type
12.5.2.2 Market Size and Forecast, By Form
12.5.2.3. Market Size and Forecast, By Application
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Type
12.5.3.2 Market Size and Forecast, By Form
12.5.3.3. Market Size and Forecast, By Application
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Type
12.5.4.2 Market Size and Forecast, By Form
12.5.4.3. Market Size and Forecast, By Application
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Type
12.5.5.2 Market Size and Forecast, By Form
12.5.5.3. Market Size and Forecast, By Application
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Type
12.5.6.2 Market Size and Forecast, By Form
12.5.6.3. Market Size and Forecast, By Application
12.5.7. rest of Latin America
12.5.7.1. Market Size and Forecast, By Type
12.5.7.2 Market Size and Forecast, By Form
12.5.7.3. Market Size and Forecast, By Application
13 Middle East Stevia Extracts Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Stevia Extracts Market Share Analysis, By Type
13.3 Middle East Stevia Extracts Market Size and Forecast, By Form
13.4 Middle East Stevia Extracts Market Size and Forecast, By Application
13.5 Middle East Stevia Extracts Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Type
13.5.1.2 Market Size and Forecast, By Form
13.5.1.3. Market Size and Forecast, By Application
13.5.2 UAE
13.5.2.1. Market Size and Forecast, By Type
13.5.2.2 Market Size and Forecast, By Form
13.5.2.3. Market Size and Forecast, By Application
13.5.3 Egypt
13.5.3.1. Market Size and Forecast, By Type
13.5.3.2 Market Size and Forecast, By Form
13.5.3.3. Market Size and Forecast, By Application
13.5.4 Kuwait
13.5.4.1. Market Size and Forecast, By Type
13.5.4.2 Market Size and Forecast, By Form
13.5.4.3. Market Size and Forecast, By Application
13.5.5 South Africa
13.5.5.1. Market Size and Forecast, By Type
13.5.5.2 Market Size and Forecast, By Form
13.5.5.3. Market Size and Forecast, By Application
13.5.6 Rest of Middle East & Africa
13.5.6.1. Market Size and Forecast, By Type
13.5.6.2 Market Size and Forecast, By Form
13.5.6.3. Market Size and Forecast, By Application
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Cargill
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Tate & Lyle Plc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Pure Circle Ltd
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4. S&W Seed Co
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 SteviaPac Food
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Swanson
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Wisdom Natural Brands
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Layn Corp
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 The Real Stevia Company
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
