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According to our LPI (LP Information) latest study, the global Food and Beverage Stevia market size was valued at US$ 439.5 million in 2023. With growing demand in downstream market, the Food and Beverage Stevia is forecast to a readjusted size of US$ 624 million by 2030 with a CAGR of 5.1% during review period.
The research report highlights the growth potential of the global Food and Beverage Stevia market. Food and Beverage Stevia are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Food and Beverage Stevia. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Food and Beverage Stevia market.
Stevia, also known as stevioside, is a glycoside extracted from the leaves of the Asteraceae plant and it is native to Paraguay and Brazil. Stevia has the characteristics of high sweetness which is 200-300 times that of sucrose and low calorie energy which is only 1/300 of sucrose. Stevia is a natural sweetener that has been used in South America as a herb and sugar substitute for hundreds of years.
Global top five manufacturers of food and beverage stevia occupied for a share over 65 percent, key players are Haotian Pharm, PureCircle (Ingredion), Shandong Shengxiangyuan, Cargill and Sunwin Stevia. Geographically speaking, Asia Pacific holds the most of global market share, about 40%. North America holds about 35% of share, while Europe followed by nearly 15%. In terms of product, Reb-A series are the largest segment, with a share over 50%. And in terms of application, the largest application is beverage, which takes over 50%.
Key Features:
The report on Food and Beverage Stevia market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Food and Beverage Stevia market. It may include historical data, market Segmentation by Type (e.g., Reb-A Series, Reb D), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Food and Beverage Stevia market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Food and Beverage Stevia market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Food and Beverage Stevia industry. This include advancements in Food and Beverage Stevia technology, Food and Beverage Stevia new entrants, Food and Beverage Stevia new investment, and other innovations that are shaping the future of Food and Beverage Stevia.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Food and Beverage Stevia market. It includes factors influencing customer ' purchasing decisions, preferences for Food and Beverage Stevia product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Food and Beverage Stevia market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Food and Beverage Stevia market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Food and Beverage Stevia market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Food and Beverage Stevia industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Food and Beverage Stevia market.
Market Segmentation:
Food and Beverage Stevia market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Reb-A Series
- Reb D
- Reb M
- STV Series
- Others
Segmentation by application
- Beverage
- Food Ingredient
- Table Sweetener
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Haotian Pharm
- PureCircle (Ingredion)
- Shandong Shengxiangyuan
- Sunwin Stevia
- Shangdong Huaxian Stevia
- GLG Life Tech Corp
- Qufu Tianyuan Biotechnology
- Cargill
- Jining Aoxing Stevia Products
- Morita Kagaku Kogyo
- Tate & Lyle
- ADM
- Chenguang Biotech Group
- Biolotus Technology
- Daepyung
Key Questions Addressed in this Report
What is the 10-year outlook for the global Food and Beverage Stevia market?
What factors are driving Food and Beverage Stevia market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Food and Beverage Stevia market opportunities vary by end market size?
How does Food and Beverage Stevia break out type, application?