Stevia Rebaudiana Market Scope
Stevia Rebaudiana is a nutrient-rich plant commonly referred to as sweet leaf, candy leaf, honey leaf, or honey yerba. It is a member of the aster family compositae (sunflower). The leave of stevia contains diterpene glycosides stevioside, rebaudiosides A-F, steviolbioside, and dulcoside that are responsible for its sweetness. It is used as a sweetener and has very low calories. Its dry leaves possess roughly 40 times more sweetness than sugar rebaudioside-A. It contains natural antioxidants that help in lowering blood pressure, cholesterol, and control diabetes. The growing use of stevia rebaudiana to cure various chronic and non-chronic diseases is increasing market demand.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Cargill Inc. (United States), Croda International Plc (United Kingdom), Omega Protein Corporation (United States), FMC Corporation (United States), Evolva Holding SA (Switzerland), Danone S.A. (France), Ingredion Inc. (United States), GLG Life Tech Corporation (Canada), Zhucheng Haotian Pharm Co Ltd (China), Jining Aoxing Stevia Products Co., Ltd. (China), Steviasugar Corporation (M) Sdn. Bhd. (Malaysia), Odwalla Inc. (United States), Pepsi Co. (New York), Pure Circle Ltd (Malaysia), ChengduWagott Pharmaceutical Co., Ltd. (China), Wisdom Natural Brands (United States), Stevia Natura (France), Morita Kagaku Kogyo Co., Ltd (Japan), Tate & Lyle Public Ltd. (United Kingdom) and Sunwin Stevia International, Inc. (China) |
CAGR | 8.5% |
"According to AMA, the Global Stevia Rebaudiana market is expected to see growth rate of 8.5% and may see market size of USD582.0 Million by 2027."In Stevia Rebaudiana Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Research Analyst at AMA estimates that United States and Asian Vendors will contribute to the maximum growth of Global Stevia Rebaudiana market throughout the predicted period.
Cargill Inc. (United States), Croda International Plc (United Kingdom), Omega Protein Corporation (United States), FMC Corporation (United States), Evolva Holding SA (Switzerland), Danone S.A. (France), Ingredion Inc. (United States), GLG Life Tech Corporation (Canada), Zhucheng Haotian Pharm Co Ltd (China), Jining Aoxing Stevia Products Co., Ltd. (China), Steviasugar Corporation (M) Sdn. Bhd. (Malaysia), Odwalla Inc. (United States), Pepsi Co. (New York), Pure Circle Ltd (Malaysia), ChengduWagott Pharmaceutical Co., Ltd. (China), Wisdom Natural Brands (United States), Stevia Natura (France), Morita Kagaku Kogyo Co., Ltd (Japan), Tate & Lyle Public Ltd. (United Kingdom) and Sunwin Stevia International, Inc. (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Stevia Rebaudiana market by Type , by Application (Flavor Enhancers, Suppressing Agents, Heat Resistant Agents and Others) and Region with country level break-up.
On the basis of geography, the market of Stevia Rebaudiana has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Indonesia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
In 2018, Tate & Lyle agreed to acquire a 15% equity holding in Sweet Green Fields USA L.L.C., a privately held global stevia ingredients company. This acquisition broadens Tate & Lyle portfolio and enhances its stevia offerings.
In April 2021, Archer-Daniels-Midland Company inaugurated a new plant-based innovation lab, located in ADM’s Biopolis research hub in Singapore. The lab is expected to develop “next-level, on-trend” and nutritious products to meet growing food and beverage demand in the Asia-Pacific region., In January 2021, Tate & Lyle and Codexis extended and deepened their partnership to enhance the production of two of Tate & Lyle’s newest sweeteners: DOLCIA PRIMA® Allulose and TASTEVA® M Stevia Sweetener. and In 2018, GLG Life Tech Corporation collaborated with Archer Daniels Midland Company and introduced Reb M product line. This stevia-based product is a sugar substitute product with better-tasting and low-calorie natural sweetening to provide better taste and experience.
Influencing Trend:
Demand for High-Potency Sweeteners
Market Growth Drivers:
Anti-diabetic Properties: {Stevia Rebaudiana can defeat plasma glucose level and significantly increase glucose tolerance as it has the ability to increase insulin effect on the cell membrane, thus increases insulin production and stabilizes blood sugar level} and Increasing Awareness of Stevia Health Benefits
Challenges:
High Price of Product
Restraints:
Excess Use of Stevia Rebaudiana May Cause Side Effect
Opportunities:
Growing Use of Stevia Rebaudiana as Sugar Substitute Product and Increasing Number of Obesity and Diabetes Cases
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Stevia Rebaudiana Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Users