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Asia Pacific Natural Sweeteners Market to be aided by the Projected Growth in the Global Stevia Market at a CAGR of 8.5% between 2021 and 2026

According to a new report by EMR titled, ‘Asia Pacific Natural Sweeteners Market Report and Forecast 2021-2026’, the Asia Pacific natural sweeteners market is being driven by the growing global stevia market, which attained a value of nearly USD 520 million in 2020. It is further expected to grow at a CAGR of 8.5% between 2021 and 2026.

The Asia Pacific natural sweeteners market produces 87% of world’s total stevia, and thus dominates the global natural sweeteners market. China, being the leading producer of stevia, accounts for more than 90% of total stevia production in the Asia Pacific region. The high production level of stevia in China makes it a major exporter of stevia, globally. The region has contributed to the launch of the maximum number of food and beverages products containing stevia, thus, aiding both the regional and global market.

With increasing health concerns, consumers are looking for healthier food options made with natural ingredients without compromising on taste. In May 2020, Sweet Green Fields (SGF) and Tate & Lyle PLC (LON: TATE), leading players in the natural sweeteners market, introduced ZOLESSE Natural Flavor, a new innovation, formulated to deliver great taste as well as meet consumers’ demand for clean-label ingredients. In the Asia Pacific, the rising population of people afflicted with sugar-consumption related diseases is further aiding the market. In June 2016, GLG Life Tech Corporation (TSX: GLG), a global leader in the natural sweeteners market, partnered with Archer Daniels Midland Company (NYSE: ADM) to manufacture, market, and sell low-calorie stevia and monk fruit sweeteners to the consumers all over the world, thus, further expanding their market.

Market Breakup by Type, Intensity, Application, Distribution Channel, and Regions:

  • Stevia, maple syrup, raw honey, molasses, and coconut sugar, among others, are the major types of natural sweeteners.
  • By intensity, the market can be bifurcated into high-intensity sweeteners and low-intensity sweeteners.
  • Food, beverages, pharmaceuticals, and personal care, among others, are the leading application sectors for the market.
  • Hypermarkets/supermarkets, convenience stores, retail stores, and online retailers, among others, are the major distribution channels.
  • The major region markets for natural sweeteners in the Asia Pacific are China, India, Japan, and Korea, among others.

Key Findings of the Report:

  • The Asia Pacific natural sweeteners market is being driven by the rising health awareness, resulting in an increased demand for low-calorie products.
  • The increase in the demand for natural or organic products over the artificial ones is further aiding the market growth. 
  • The various strategies implemented by the governments to promote sugar-substitutes due to rising cases of diabetes is propelling the market forward.
  • The steadily growing beverage sector in the region is providing further impetus to the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the Asia Pacific natural sweeteners market for the periods (2016-2020) and (2021-2026).
  • The historical (2016-2020) and forecasted (2021-2026) market information for the intensity, types, applications, distribution channels, and regions in the Asia Pacific natural sweeteners market have also been provided in the report by EMR.
  • The report also provides the regional price trends for natural sweeteners in the Asia Pacific market.

PureCircle, Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, SteviaPac Food Innovation, Layn Corporate, Zhucheng HaoTian Pharm Co.,Ltd, and Sunwin Stevia International, Inc, among others, are the major players in the Asia Pacific natural sweeteners market. This comprehensive report by EMR covers the market capacity, share, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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