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Europe Stevia Market to be Aided by the Expected Growth in the Global Stevia Market at a CAGR of 8.5% between 2019 and 2024.

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"According to a new report by EMR titled, ‘Europe Stevia Market Report and Forecast 2019-2024’, the Europe stevia market is being aided by the growing global stevia market, which recorded a value of almost USD 480 million in 2018. It is further expected to grow at a CAGR of 8.5% between 2019 and 2024."

Europe dominates the global stevia market after the Asia Pacific, accounting for over one-fifth of the global stevia consumption. Within Europe, France maintains a strong hold over the market. After the approval of stevia extracts for use in the European Union in November 2011, the market has grown rapidly. However, the region relies on the import of stevia leaves to produce stevia-based products in the area. The increasing rates of obesity and diabetes in the region is primarily driving the growth of the market.

The increasing innovation in the beverage sector, along with an increase in the production of ready-to-drink and non-alcoholic beverages, is driving the Europe stevia market further. In 2018, Tate & Lyle PLC (LON: TATE), a leading player in the region, launched its first premium Reb M stevia sweetener, TASTEVA® M Stevia Sweetener, targeting the consumers looking for a natural alternative over sugar and, thus, allowing for innovations in the food and beverage sector. 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), also a leading player in the stevia industry, to manufacture, market and sell low-calorie stevia to consumers across the world, thus, expanding its market to meet the increasing stevia demand.

Market Breakup by Type, Application, and Region:

  • Stevia, based on its extract type, can be divided into leaves, powder, and liquid form.
  • It finds application in different sectors like food and beverages, dairy, oral care, and pharmaceutical, among others.
  • Germany, France, the United Kingdom, and Spain, among others, are the major regional markets in the Europe stevia market.

Key Findings of the Report:

  • The Europe stevia market is driven by the increasing health awareness, resulting in an increased demand for low-calorie products, which is aiding the market growth.
  • The constantly growing beverage sector, with the increasing popularity of energy drinks, is aiding the market further. 
  • The rising demand for great-tasting, plant-based products over the artificial ones, is providing further impetus to the market growth.

Key Offerings of the Report:

  • The EMR report provides an overview of the Europe stevia market for the periods (2014-2018) and (2019-2024). 
  • The report also offers historical (2014-2018) and forecast (2019-2024) market information for the types, applications, and regional markets for stevia in Europe.
  • The report further provides an assessment of the market based on the Porter’s Five Forces model along with a SWOT and value chain analysis.

PureCircle, Cargill, Incorporated, Tate & Lyle PLC, Archer Daniels Midland Company, Ingredion Incorporated, Stévial, and HYET Sweet, among others, are the major players in the Europe stevia market. The report provided by EMR covers the market share, capacity, and latest developments like mergers and acquisitions, capacity expansions, and plant turnarounds for the major players.

About Us:

EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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"Europe Stevia Market: By Extract Type: Leaf, Powder, Liquid; By Application: Food and Beverages, Oral Care, Pharmaceutical, Tabletop Sweetener; By Country: Germany, France, United Kingdom, Spain; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis; Value Chain Analysis; Europe Stevia Market Price Analysis; Cost Analysis; Competitive Landscape & Supplier Analysis; Consumer Analysis"

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