Asia Pacific Stevia Market Key Insights:
The Asia Pacific is the leading producer of stevia, globally, accounting for over 85% of its global output. Thus, the global stevia industry is being driven by the growth of the Asia Pacific stevia market. The industry is expected to grow at a CAGR of 8.5%, globally, in the forecast period of 2019-2024. It is expected to attain USD 785 million by 2024.
China is a leading producer of stevia globally. The country accounts for over 90% of the stevia output in the Asia Pacific region. China is a major supplier and exporter of crude stevia sweeteners, exporting to countries like the US, Malaysia, Japan, Korea, and Mexico. The natural sweetener is witnessing a rising acceptance and demand in the Asia Pacific, especially in Japan, China, and South Korea, where the sweetener has been in use for a substantial period. Japan is emerging as a major consumer of the natural sweetener in the region. Stevia, currently, occupies almost 40% of Japan’s sweeteners industry. In China, the demand for stevia has not just been growing from the overseas markets but also from the domestic market. Thus, major manufacturers are investing more in expanding the production of the sweetener in China along with the rest of the region.
The Asia Pacific is also a leading consumer of the natural sweetener, accounting for over 40% of its global consumption. The region is followed by Europe as a leading consumer, representing about a fifth of the global consumption of the natural sweetener. The two areas are expected to witness a year-on-year acceleration in their stevia consumption in the forecast period. The markets in the two regions are being driven by the growing acceptance of the substance by both the consumers and manufacturers. The Asia Pacific and Europe accounted for the largest number of food and beverage launches, which were comprised of stevia as an ingredient.
Properties and Applications
Stevia is a zero-calorie natural sweetener deriving its sweetness from its active compounds, steviol glycosides, which have 30-150 times the sweetness of sugar. It is available as leaves, powder, and liquid extract. It finds extensive application in the following sectors:
The report by EMR gives an in-depth analysis of the regional markets in the Asia Pacific region like China, India, and Japan, among others.
The Asia Pacific stevia market is being driven by the rising health awareness among the consumers due to the growing incidences of obesity and diabetes in the region. The region has the largest population of overweight and obese people with two out of every five adults being either overweight or obese. China and India, on the other hand, have the largest number of diabetes cases in the world. India has nearly 62 million diabetic patients with the number projected to rise to 70 million by 2025. With a growing awareness about these diseases, people in the region are increasingly seeking out sugar-substitutes. With a growing aversion to artificial products, consumers are also seeking out natural products like stevia over artificial sweeteners.
The Asia Pacific stevia market is being propelled forward by the growing population combined with a rise in urbanisation. With busier lifestyles and increasing spending powers, consumers in the region are looking for healthier and convenient ready-to-eat foods and RTD beverages, providing further impetus to the stevia industry. The rise in disposable incomes has resulted in consumers seeking out organic and premium products, further aiding the industry growth. The Asia Pacific stevia market is also being driven by younger, more calorie-conscious consumers. Additionally, the expanding application of stevia is propelling the market forward. Toothpaste and cosmetic products like lipsticks, and lip balm have started incorporating the natural sweetener.
The thriving food and beverage industry in the region is providing further impetus to the Asia Pacific stevia market growth. India is expected to witness the fastest growth in the sales of food and beverages in the coming years with sales growing annually by 13.1% in the period 2017-2020. China, on the other hand, is the largest food and beverage industry in the region and is expected to witness a growth of 10.7% per annum till 2020. The robust beverage industry, especially in Hong Kong, will also contribute to the stevia industry growth in the coming years.
The report provides a detailed insight into the following key players in the Asia Pacific stevia market, covering their market share, capacity, and latest developments like expansions of capacity, mergers and acquisitions, and plant turnarounds:
The EMR report gives an in-depth look into the market based on the Porter’s Five Forces model. It also looks into the other global markets like North America, Europe, LATAM, and the Middle East and Africa. A SWOT analysis has been provided, as well.
2 Research Methodology
3 Executive Summary
3.1 Market Overview
3.2 Key Demand Drivers
3.3 Key Players
3.4 Supply Market Changes
4 Global Stevia Market Outlook
5 Global Stevia Market
5.1 Global Stevia Market Analysis
5.1.1 Figure: Global Stevia Historical Market (2014-2018) and Forecast (2019-2024)
5.1.2 Chart: Global Stevia Market Breakup by Extract Type
5.1.3 Chart: Global Stevia Market Breakup by Application
184.108.40.206 Food and Beverages
220.127.116.11 Oral Care
18.104.22.168 Tabletop Sweetener
5.1.4 Chart: Global Stevia Market Breakup by Region
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Middle East & Africa
6 Asia Pacific Stevia Market
6.1 Asia Pacific Stevia Market Analysis
6.1.1 Figure: Asia Pacific Stevia Historical Market (2014-2018) and Forecast (2019-2024)
6.1.2 Chart: Asia Pacific Stevia Market Breakup by Extract Type
6.1.3 Figure: Asia Pacific Stevia Market Breakup by Type: Historical Market (2014-2018) & Forecast (2019-2024)
6.1.4 Chart: Asia Pacific Stevia Market Breakup by Application
184.108.40.206 Food and Beverages
220.127.116.11 Oral Care
18.104.22.168 Tabletop Sweetener
6.1.5 Figure: Asia Pacific Stevia Market Breakup by Application: Historical Market (2014-2018) & Forecast (2019-2024)
22.214.171.124 Food and Beverages
126.96.36.199 Oral Care
188.8.131.52 Tabletop Sweetener
6.1.6 Chart: Asia Pacific Stevia Market Breakup by Country
6.1.7 Figure: Asia Pacific Stevia Market Breakup by Country: Historical Market (2014-2018) & Forecast (2019-2024)
6.2 SWOT Analysis
6.3 Value Chain Analysis
6.4 Porter’s Five Forces Analysis
6.4.2 Buyer’s Power
6.4.3 Supplier’s power
6.4.4 New Entrants
6.4.5 Degree of Rivalry
7 Asia Pacific Stevia Market Price Analysis
7.1 China Historical Price Trends (2014-2018) & Forecast (2019-2024)
7.2 India Historical Price Trends (2014-2018) & Forecast (2019-2024)
7.3 Japan Historical Price Trends (2014-2018) & Forecast (2019-2024)
8 Manufacturing Process
8.1 Detailed Process Flow
8.2 Operations Involved
8.3 Mass Balance
9 Cost Analysis
9.1 Land, Location and Site Development
9.3 Plant Machinery
9.4 Cost of Raw Material
9.9 Other Capital Investment
10 Competitive Landscape & Supplier Analysis
10.1 Cargill, Incorporated
10.2 Archer Daniels Midland Company
10.3 Ingredion Incorporated
10.4 Tate & Lyle PLC
10.5 SteviaPac Food Innovation
10.6 Layn Corporate
10.7 Zhucheng HaoTian Pharm Co.,Ltd
10.8 Sunwin Stevia International, Inc
11 Consumer Analysis
12 Events and Development
EMR is one of the foremost business intelligence and market research firms with a database of syndicated and customised reports spanning more than 100 industries across global and regional markets. We leverage the knowledge of our highly skilled team of over 100 analysts and more than 3000 independent consultants to provide our clients with thoroughly researched and reliable data tailored to their requirements. We help our clients, who range from Fortune 1000 companies to medium and niche enterprises, make informed strategic decisions through our varied tools and methodology.
Our meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. We understand the distinct nature and requirements for each market and thus, modify our methodology to best fit the industry in question. Our research methodology uses a combination of cutting-edge analytical tools and the expertise of our highly accomplished team, thus, providing our customers with market insights that are accurate, actionable, and help them remain ahead of their competition. EMR’ s fine-tuned research methodology and data analysis, formulated through years of cross-industry experience of our team, ensure that our clients are provided with:
Our approach gives our clients a comprehensive assessment of the prevailing and projected market conditions through the collection, collation, and analysis of data from trusted sources.
We assess the historical, prevailing, and expected prices of commodities and raw materials by analysing our assiduously collected data from verified primary and secondary sources. Our assessments reflect the market values of related commodities within a region to help our consumers understand the interdependencies and formulate profitable market strategies. Our price assessments cover both the average global prices along with the prevailing regional prices.
Our market assessments determine the global and regional production and consumption of the product, according to their value and volume. We identify the key growth drivers, opportunities, and restraints that might promote or hinder the future market growth along with an expansive overview of the competitive landscape to help our clients make informed strategic decisions. We also take into account the demographic, economic, cultural, and political factors that might influence the market.
We gather market intelligence through our extensive database of reliable secondary sources and our exhaustive interviews with multiple industry stakeholders. The information gathered through our primary and secondary sources help us verify and extrapolate data relating to prices, trade, and market fluctuations along with the latest developments in the market.
As a part of our primary research, we interact with highly placed industrial professionals possessing an expansive and meticulous insight into the market. We conduct our interviews via mails, telephonic conversations, and one-on-one meetings. Thus, our exhaustive interviews with both buyers and consumers help us provide our clients with verified intelligence regarding the market size, share, drivers, prices, and forecast along with a detailed assessment of your supply chain.
EMR has access to extensive internal and subscribed databases, which apprise us of the historical and prevailing market conditions and help us forecast the market for the coming few years. Our secondary research involves a wide array of sources ranging from the annual and financial reports of the key players in the industry to governmental and regulatory databases. We refer to various scientific and industry publications and whitepapers to form a comprehensive understanding of the product and the supply chain. Our wide-ranging research also refers to relevant articles and press releases to provide our customers with an up-to-date understanding of the contemporary market. We derive extensive raw data from our secondary research, which then go through a thorough verification and validation process, to help us formulate an exhaustive understanding of the market, the supply chain, the competitive landscape, and the product.
Other Analyst Tools and Data Models
Our extensive and intricate data models, formulated through our propriety technological and analytical resources, help you easily comprehend the expansive market data and aid you in framing vital business and market strategies. Our tools provide you with a cohesive understanding of the industry outlook, taking into account the qualitative and quantitative market variables. Our analytical tools and models are regularly updated according to the changes in the continually evolving market scenarios as well as being adapted to best meet our client’s specific needs. Our research methods involve a blend of the best technological tools used in the industry along with the expertise of our analysts and consultants who can spot and assess the implications of the subtle factors influencing the more complex markets.
Our market assessments take into consideration only those data that are confirmed and are derived from credible and transparent sources. Thus, our clients are presented with accurate and infallible data which can be incorporated into their business strategies.
Before our data is presented to the clients, they undergo an intensive cross-verification and validation process. We corroborate the data gathered through our primary and secondary research by the review and validation of the initial sources along with the verification of the data from other thoroughly vetted sources.
Our qualitative and quantitative assessments are time-sensitive, reflecting the most recent value and volume of the market across regions. By constantly updating our databases and reports to reflect the changes taking place in the market, our market and price assessments accurately reflect the prevailing industry conditions.
Thus, our rigorous data collection, thorough statistical analysis, and specialist assessments ensure that our clientele has a greater understanding of the market space, supply chain, price fluctuations, competitive landscape, and other vital factors, helping them emerge as the undisputed industry leaders in their respective fields.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
The Middle East and Africa natural sweeteners market was aided by the growth of the industry globally. The global natural sweeteners market grew at a CAGR of 4.5% between 2014 and 2018. The rise in th...
The North America natural sweeteners market is being aided by the rising demand for stevia. The global stevia industry grew at a CAGR of 8.5% between 2014-2018 and is expected to reach a production va...
The North America stevia market is led by the growing production of the natural sweetener in the USA. In 2018, the US stevia output was worth US 250 million, an increase of 12% as compared to the prev...
The Middle East and Africa stevia market has the potential to witness a healthy growth in the coming years with the growing awareness about the product in the region. The regional industry is aided by...
Buy Full Version
"Asia Pacific" Purchase Enquiry