What is Stevia Chocolate Market?
Stevia is a natural sweetener with a rich composition, therefore chocolate based on it is useful for the body. It is less nutritious, helps burn fat, and improves digestion. When tasting Stevia chocolate will be amazed that chocolate of this quality can be made using stevia instead of sugar. The company also develops, breeds, grows and harvests the stevia plant and produces high-grade stevia extract to sell it to food and beverage manufacturers. The company is developing natural products based on plant extraction, such as a zero-calorie sugar alternative derived from the stevia plant. The companies are focusing on securing a leading position in this industry. They are continuously looking for the opportunity to reinforce their competitive advantage.
Highlights from Stevia Chocolate Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Archer Daniels Midland Company (United States), Cargill, Incorporated (United States), Tate & Lyle PLC (United Kingdom), Ingredion Incorporated (United States), GLG Life Tech Corp (Canada), Sunwin Stevia International Inc. (China), Morita Kagaku Kogyo Co., Ltd. (Japan), Zhucheng Haotian Pharm Co., Ltd (China), Südzucker AG (Germany), Guilin Layn Natural Ingredients Corp. (China), barry callebaut (Switzerland), PureCircle Ltd. (Malaysia), Stevia First Corp. (United States), Archer-Daniels-Midland Company (United States) and Sweet Green Fields LLC (United States) |
The companies operating in this industry are focusing on efficient growth, improvement of operational efficiency and productivity, and focus on maintaining sustainable development. The players are focusing on securing a leading position in this industry. They are continuously looking for the opportunity to reinforce their competitive advantage. To meet high market share, and develop socially responsible business companies are identifying various strategic pillars such as mergers & acquisitions, product enhancements. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Stevia Chocolate market throughout the forecasted period.
Archer Daniels Midland Company (United States), Cargill, Incorporated (United States), Tate & Lyle PLC (United Kingdom), Ingredion Incorporated (United States), GLG Life Tech Corp (Canada), Sunwin Stevia International Inc. (China), Morita Kagaku Kogyo Co., Ltd. (Japan), Zhucheng Haotian Pharm Co., Ltd (China), Südzucker AG (Germany), Guilin Layn Natural Ingredients Corp. (China), barry callebaut (Switzerland), PureCircle Ltd. (Malaysia), Stevia First Corp. (United States), Archer-Daniels-Midland Company (United States) and Sweet Green Fields LLC (United States) are some of the key players profiled in the study. Stevia Chocolate Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Food, Beverages and Other |
Type | Dark Chocolate and Milk Chocolate |
Distribution Channels | Online,Offline |
Flavor | Caramel,Brown Butter,Montezuma’s,Coconut milk,Others |
On the basis of geography, the market of Stevia Chocolate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for High-Potency Sweeteners and Increasing Number of Obesity and Diabetes Cases
Market Growth Drivers:
Increase in Consumption of Confectionery Items Across the world and Growing Healthcare Consumers is Booming Stevia Chocolate Worldwide
Challenges:
Challenges Regarding Creativity and Innovation in the Stevia Chocolate Industry
Restraints:
Availability of Alternative/Substitute Chocolates
Opportunities:
Growing Use of Stevia Rebaudiana as Sugar Substitute in Chocolate, Rising Chocolate Consumers among the Developing Nations and Increased purchasing power of Stevia Chocolate is Rising Opportunities of New Investors
Key Target Audience
Stevia Chocolate Manufactures, Stevia Chocolate Suppliers, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 1st Dec 2020, Tate & Lyle PLC (Tate & Lyle), a leading global provider of food and beverage ingredients and solutions, is pleased to announce the acquisition of Sweet Green Fields (SGF), a leading global stevia solutions business. The acquisition of SGF brings a broad portfolio of stevia products and a fully integrated stevia supply chain to Tate & Lyle including leaf sourcing, leaf varietal development, established agricultural programmes and cost-efficient manufacturing.
On 23rd June 2020, Cargill launches first chocolate manufacturing operation in Asia. To help meet growing demand for chocolate products in Asia, Cargill is partnering with a manufacturer in western India to launch its first chocolate manufacturing operation in the region. The facility is expected to begin operating mid-2021 and will initially produce 10,000 tons of chocolate compounds.