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According to our LPI (LP Information) latest study, the global Stevia Extract market size was valued at US$ 503.3 million in 2023. With growing demand in downstream market, the Stevia Extract is forecast to a readjusted size of US$ 778.6 million by 2030 with a CAGR of 6.4% during review period.
The research report highlights the growth potential of the global Stevia Extract market. Stevia Extract 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 Stevia Extract. 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 Stevia Extract market.
Stevia/stevia rebaudiana is a sweetener and sugar substitute extracted from the leaves of the plant species stevia/stevia rebaudiana rebaudiana, native to paraguay. The leaves of the stevia/stevia rebaudiana rebaudiana plant have a refreshing taste, zeroglycemic index, zero calories and zero carbs.
Asia-Pacific has the largest global export quantity and manufacturers in Stevia Extract market, especially China.
In the industry, Purecircle Limited profits most in 2019, CCGB and Zhucheng Haotian Pharm Co. Ltd ranked 2 and 3. The market share of them is 26.39%, 12.27% and 11.84% in 2019. .
There are four mainly types of Stevia Extract, including Reb A, Reb M, Reb D and Others. Reb A is the main type for Stevia Extract, and it reached 95.24% of global sales volume.
Key Features:
The report on Stevia Extract 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 Stevia Extract market. It may include historical data, market Segmentation by Type (e.g., Reb A, Reb M), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Stevia Extract 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 Stevia Extract 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 Stevia Extract industry. This include advancements in Stevia Extract technology, Stevia Extract new entrants, Stevia Extract new investment, and other innovations that are shaping the future of Stevia Extract.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Stevia Extract market. It includes factors influencing customer ' purchasing decisions, preferences for Stevia Extract product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Stevia Extract market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Stevia Extract 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 Stevia Extract market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Stevia Extract 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 Stevia Extract market.
Market Segmentation:
Stevia Extract 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
- Reb M
- Reb D
- Others
Segmentation by application
- Foods & Beverage
- Pharmaceutical
- Cosmetics
- Others
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.
- Purecircle Limited
- CCGB
- Layn
- Zhucheng Haotian Pharm Co. Ltd
- Cargill (Evolva)
- Sunwin Stevia International, Inc.
- GLG Life Tech
- Tate & Lyle
- Morita Kagakau Kogyo Co. Ltd.
- INGIA Biotechnology
- Zhongda Hengyuan Biotech
- Hunan NutraMax Inc.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Stevia Extract market?
What factors are driving Stevia Extract market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Stevia Extract market opportunities vary by end market size?
How does Stevia Extract break out type, application?