Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global
stevia Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international stevia Market. The research also
emphasizes on the impact of restraints, drivers, and macro indicators on the regional
and global stevia Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of global stevia Market
`is offered. In accordance with the report, the global stevia Market is
projected to expand at a CAGR of 9.5% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Stevia is a herb
and consists of of better medicinal properties than other herbs. This herb can
be used as a natural sweetener. Owing to the harmful effects of artificial
sweeteners, health conscious human population is increasingly shifting towards
the adoption of natural sweetener which motivates the growth of the stevia
market. It is capable of controlling blood pressure and managing weight gain,
this makes the item immensely popular and thriving the market. The rational behavior
of consumers to consume healthy foods and limit the intake of lesser healthy
food is driving the growth of this market. The surging diabetic patients and
overweight people are searching for low-calorie food without compromising the
taste. This is driving force behind the stevia market. Owing to its medicinal
properties it is also used in the pharmaceutical industry. Its usage is
extended for flavoring foods because of its unique taste and natural
composition. Being a tabletop sweetener, it is used in processed foods and
beverages. Also, the increasing
availability of stevia is fueling the growth of this market. The innovation of
stevia-based products is empowering the growth of the stevia market.
The complexity
involved in the production of stevia is a severe threat to the growth of this
market. Also, the procedure of producing stevia is not that easy. The process
of formulating stevia using the colex process is restraining the growth of this
market. The prerequisite of high skilled labour for the production of stevia is
disrupting this market’s movement ahead. However, stevia as a sweetener lags
behind artificial sweetener because the latter had already dominated the market
and is more popular and accepted than the former. This are some of the
potential blockage for the growth of the stevia market. Availability of stevia
leaf is determined by crop yield and climatic conditions. This leads to the
fluctuations in price of stevia and severely hinders the growth of this market.
The increasing
health consious population is likely to be stepping-stone for the breakthrough
of this market. Healthy consumers choice to consume foods that have ill effects
on health like weight gain, diabetes and others is like an impetus to the
growth of this market. The growing tendency of people to adopt fast food
culture and the increased dependence on processed food, ready-to-eat food,
beverages and food outlets is expanding the usage of stevia as a sweetener and
flavor adding agent. This is a great opportunity for the development of this
market. Also, research and development activities for the innovation of new
varieties of stevia, and newer ways to apply it on various other foods and
ability to provide better taste is a golden opportunity for the development of
stevia market. Moreover, sugar taxes on added sugar is paving way to the market
penetration on stevia. For increasing market share many companies are merging
with one another and this is an untapped opportunity. For example, the
innovation of RebM due to the collaboration of ADM and GLG LIFE TECH CORP
resulted in the expansion of portfolio of the product.
Segment Covered:
This market
intelligence report on the global stevia market encompasses market segments based
on product form, extract type, application, and country/regions.
By product form, the global Stevia Market is segregated into,
§ Dry
§ Liquid
By extract type, the global Stevia Market is
segmented into,
§ Liquid
§ Powdered
§ Whole Leaf
By Application, the global Stevia Market is also classified into,
§ Convenience Foods
§ Tabletop Sweetener
§ Bakery and Confectionery
§ Dairy
§ Beverages
§ Other Applications
By country/region, the global Stevia Market has been divided into,
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ ADM
§ Tate and Lyle PLC
§ Sunwin Stevia International
§ S&W Seed Co
§ Pyure Brands LLC
§ Purecircle
§ Cargill Incorporated
§ Ingredion Incorporated
§ GLG LIFE TECH CORP
§ Morita Kagaku Kogyo Co Ltd
§ Koninklijke DSM NV
Other players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Stevia Market related investment & spending
and developments by major players of the market are tracked in this global
report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Stevia Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020 – 2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Stevia Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as ADM, GLG LIFE TECH
CORP, Tate and lyle PLC, Ingredion, Cargill, Pyure Brands and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Stevia caters to the needs
of various stakeholders pertaining to this industry, namely suppliers, manufacturers,
investors, and distributors for Stevia Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Stevia Market
v
Identification
of key factors driving investment opportunities in the Stevia Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants