Asia Pacific Stevia Market to Grow at a CAGR of 11.20% between 2026 and 2035

The Asia Pacific stevia market is the leading stevia producer in the global stevia market, producing over 85% of the world’s total stevia. The Asia Pacific and Europe, the two major stevia markets, together account for more than three-fifths of the overall market share. China is the world leader in the production of stevia and, thus, serves as a major supplier of stevia at the global level. On the other hand, Japan, within the Asia Pacific, is a leading consumer of stevia, which occupies about 40% of Japan’s sweeteners market. The consumption of stevia in Japan and Korea has been going on since traditional times and, hence, it is a popular choice for use as a natural sweetener, propelling the market forward. The Asia Pacific is one of the leading regions to launch stevia-based products, thus, contributing significantly to the growth of the global stevia market.

The increasing popularity of sugar-free products with zero-calorie content is aiding the market. In 2017, the sales of food and beverage items that contained zero-calorie sweeteners and were free from artificial sweeteners increased by 16%, globally. In May 2020, Tate & Lyle PLC (LON: TATE), one of the leading players of the market, with its stevia ingredients partner, Sweet Green Fields (SGF), introduced ZOLESSE Natural Flavor, a new innovation which has been formulated to deliver great taste as well as meet consumers’ demand for clean-label ingredients. With the shift in food habits of consumers towards healthy products, the market has seen a further growth. In May 2018, the beverage giant- Coca-Cola (NYSE: KO), launched Coca-Cola Stevia No Sugar, its first-ever product sweetened solely with stevia in New Zealand. The company partnered with PureCircle (LSE: PURE), the leading producer and innovator of stevia ingredients, to launch this 100% stevia-based soft drink, thus, expanding its market to meet the increasing demand for stevia-based products.

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Market Breakup by Extract Type, Application, and Region:

• On the basis of extract type, stevia can be divided into leaves, powder, and liquid forms. 
• Stevia finds its application in different sectors like food and beverages, oral care, pharmaceutical, and tabletop sweetener, among others.
• The regional markets for Asia Pacific stevia market are China, Japan, India, ASEAN, Australia Others.

Key Findings of the Report:

• The Asia Pacific stevia market is being driven by the growing health concern, resulting in an increased demand for low-calorie products, globally.
• The rising demand for natural or organic products over the artificial ones is aiding the market further. 
• The strategies implemented by governments to promote sugar-substitutes due to increasing cases of diabetes and obesity is propelling the market forward.
• The steadily growing beverage sector, with the rising demand for energy drinks, is providing further impetus to the market growth in the Asia Pacific.

Key Offerings of the Report:

• The EMR report gives an overview of the Asia Pacific stevia market for the periods (2019-2025) and (2026-2035).
• The report offers historical (2019-2025) as well as forecast (2026-2035) data for the types, applications, and regional markets of stevia in the Asia Pacific
• The report also provides an assessment of the market based on the Porter’s Five Forces model along with a SWOT and value chain analysis.
• It also gives a thorough analysis of the regional historical (2019-2025) and forecast (2026-2035) price trends of stevia.

Major Players

• Cargill, Incorporated
• Archer Daniels Midland Company
• Ingredion Incorporated
• Tate & Lyle PLC
• SteviaPac Food Innovation
• Layn Corporate
• Zhucheng HaoTian Pharm Co.,Ltd
• Sunwin Stevia International, Inc
• Others

The EMR report provides the market capacity, share, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions for the major players.

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