Asia Pacific Stevia Market was worth USD 134.05 million in 2021 and estimated to be growing at a CAGR of 11.1%, to reach USD 226.89 million by 2026. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the nutrition industry.
Stevia has an important place in sweeteners segment due to its advantages like low-calorie and high protein. Stevia has its special flavour and sweetness which is about 200 to 350 times more than normal sugar. Several food & beverage companies use stevia to enhance the taste of products without adding calories. Thus, stevia will be seen as a business opportunity in the coming five years. Also, many multinational companies have started venturing into the production of various types of stevia.
The Asia Pacific Stevia market is majorly driven by the growth in awareness of health benefits of stevia and providing profitable margins to distributors. Also, rising product visibility in retail as well as product availability is expected to improve the demand for stevia-based products amongst the consumers across the globe. Stevia creation being a complex method, procuring raw material to getting the final product is a major problem for companies in this market.
The Asia Pacific Stevia Market is segmented based on Extract Type into Whole Leaf, and Powdered, Liquid. Based on Application, the market is segmented into Dairy, Bakery & Confectionery, Table top Sweeteners, Beverages, and Convenience Foods. Based on Form, the market is segmented into Dry, and Liquid.
On the basis of geography, the Asia Pacific market is analysed under various regions namely China, India, Japan and South Korea. The region consists of many developing countries, majorly, China and India, and is thus expected to show substantial growth in coming years.
Some of the major companies dominating the market, by their products are Nestlé S.A., The Coca-Cola Company and PepsiCo Inc., Cargill Inc., Evolva Holding S.A., PureCircle Ltd., Stevia Corp., Ingredion Inc., GLG Life Tech Corp. and Tate & Lyle Plc.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Extract Type
5.1.1 Introduction
5.1.2 Whole Leaf
5.1.3 Powdered
5.1.4 Liquid
5.1.5 Y-o-Y Growth Analysis, By Extract Type
5.1.6 Market Attractiveness Analysis, By Extract Type
5.1.7 Market Share Analysis, By Extract Type
5.2 Application
5.2.1 Introduction
5.2.2 Dairy
5.2.3 Bakery & Confectionery
5.2.4 Tabletop Sweeteners
5.2.5 Beverages
5.2.6 Convenience Foods
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
5.3 Form
5.3.1 Introduction
5.3.2 Dry
5.3.3 Liquid
5.3.4 Y-o-Y Growth Analysis, By Form
5.3.5 Market Attractiveness Analysis, By Form
5.3.6 Market Share Analysis, By Form
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Extract Type
6.1.3.3 By Application
6.1.3.4 By Form
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Extract Type
6.1.4.3 By Application
6.1.4.4 By Form
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Extract Type
6.1.5.3 By Form
6.1.5.4 By Application
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Nestlé S.A
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Coca-Cola Company
8.3 Cargill Inc.
8.4 Evolva Holding S.A
8.5 PureCircle Ltd.
8.6 Stevia Corp.
8.7 Ingredion Inc
8.8 GLG Life Tech Corp.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Apr 2021
