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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:
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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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