Reports

Sale

Asia Pacific Stevia Market

Asia Pacific Stevia Market Size, Share, Growth, Forecast: By Extract Type: Leaf, Powder, Liquid; By Application: Food and Beverages, Oral Care, Pharmaceutical, Tabletop Sweetener, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032

Asia Pacific Stevia Market Outlook

The Asia Pacific stevia market attained a value of nearly USD 227.91 million in 2023. The market is further expected to grow at a CAGR of 11.2% between 2024 and 2032 and is expected to attain about USD 591.81 million by 2032.

 

Asia Pacific Stevia Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The industry is expected to grow at a CAGR of 8.4%, globally, in the forecast period of 2024-2032 to attain USD 844.20 million by 2026.

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:

 

Asia Pacific Stevia Market By Segments

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

  • Food and Beverages
  • Dairy
  • Oral Care
  • Pharmaceutical 
  • Others

The report by EMR gives an in-depth analysis of the regional markets in the China, Japan, India, ASEAN, Australia, among others.

 

Market Analysis

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 75 million by 2026. 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 2018-2023. 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 2021. The robust beverage industry, especially in Hong Kong, will also contribute to the stevia industry growth in the coming years.

 

Asia Pacific Stevia Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Competitive Landscape

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:

  • 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 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, Latin America, and the Middle East and Africa. A SWOT analysis has been provided, as well.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Extract Type
  • Application
  • Region
Breakup by Extract Type
  • Leaf
  • Powder
  • Liquid
Breakup by Application
  • Food and Beverages
  • Oral Care
  • Pharmaceuticals
  • Tabletop Sweetener
  • Others
Breakup by Region
  • China
  • India
  • Japan
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Asia Pacific
7    Opportunities and Challenges in the Market
8    Global Stevia Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Stevia Historical Market (2018-2023) 
    8.3    Global Stevia Market Forecast (2024-2032)
    8.4    Global Stevia Market by Extract Type
        8.4.1    Leaf
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Powder
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Liquid
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Stevia Market by Application
        8.5.1    Food and Beverages
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Oral Care
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Pharmaceuticals
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Tabletop Sweetener
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global Stevia Market by Region 
        8.6.1    North America
        8.6.2    Europe
        8.6.3    Latin America
        8.6.4    Middle East and Africa
        8.6.5    Asia Pacific
9    Asia Pacific Stevia Market Analysis
    9.1    Key Industry Highlights
    9.2    Asia Pacific Stevia Historical Market (2018-2023) 
    9.3    Asia Pacific Stevia Market Forecast (2024-2032)
    9.4    Asia Pacific Stevia Market by Extract Type
        9.4.1    Leaf
            9.4.1.1    Historical Trend (2018-2023)
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Powder
            9.4.2.1    Historical Trend (2018-2023)
            9.4.2.2    Forecast Trend (2024-2032)
        9.4.3    Liquid
            9.4.3.1    Historical Trend (2018-2023)
            9.4.3.2    Forecast Trend (2024-2032)
    9.5    Asia Pacific Stevia Market by Application
        9.5.1    Food and Beverages
            9.5.1.1    Historical Trend (2018-2023)
            9.5.1.2    Forecast Trend (2024-2032)
        9.5.2    Oral Care
            9.5.2.1    Historical Trend (2018-2023)
            9.5.2.2    Forecast Trend (2024-2032)
        9.5.3    Pharmaceuticals
            9.5.3.1    Historical Trend (2018-2023)
            9.5.3.2    Forecast Trend (2024-2032)
        9.5.4    Tabletop Sweetener
            9.5.4.1    Historical Trend (2018-2023)
            9.5.4.2    Forecast Trend (2024-2032)
        9.5.5    Others
    9.6    Asia Pacific Stevia Market by Country
        9.6.1    China
        9.6.2    India
        9.6.3    Japan
        9.6.4    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Asia Pacific Stevia Market Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Cargill, Incorporated
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Archer Daniels Midland Company
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3     Ingredion Incorporated
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Tate & Lyle PLC
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    SteviaPac Food Innovation
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
         13.2.6     Layn Corporate
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Zhucheng HaoTian Pharm Co.,Ltd
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8    Sunwin Stevia International, Inc
            13.2.8.1    Company Overview
            13.2.8.2    Product Portfolio
            13.2.8.3    Demographic Reach and Achievements
            13.2.8.4    Certifications
        13.2.9    Others
14    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Stevia Market: Key Industry Highlights, 2017 and 2027
2.    Asia Pacific Stevia Market: Key Industry Highlights, 2017 and 2027
3.    Asia Pacific Stevia Historical Market: Breakup by ExtractType (USD Million), 2018-2023
4.    Asia Pacific Stevia Market Forecast: Breakup by Extract Type (USD Million), 2024-2032
5.    Asia Pacific Stevia Historical Market: Breakup by Application (USD Million), 2018-2023
6.    Asia Pacific Stevia Market Forecast: Breakup by Application (USD Million), 2024-2032
7.    Asia Pacific Stevia Historical Market: Breakup by Country (USD Million), 2018-2023
8.    Asia Pacific Stevia Market Forecast: Breakup by Country (USD Million), 2024-2032
9.    Asia Pacific Historical Price Trends and Forecast 2018-2028
10.    Asia Pacific Stevia Market Structure

Key Questions Answered in the Report

In 2023, the Asia Pacific stevia market attained a value of nearly USD 227.91 million.

The Asia Pacific stevia market is projected to grow at a CAGR of about 11.2% in the forecast period of 2024-2032.

The market is expected to reach a value of about USD 591.81 million by 2032.

The major drivers of the market include the rising disposable incomes, increasing population, and the rising health awareness among the consumers due to the growing incidences of obesity and diabetes.

The rising acceptance of the product by both the consumers and manufacturers is expected to be a key trend guiding the growth of the market.

China, India, and Japan, among others, are the leading regions in the market, with China accounting for the largest market share.

The leading extract types of stevia in the market are leaf, powder, and liquid.

The major application segments in the market are food and beverages, oral care, tabletop sweetener, and pharmaceuticals, among others.

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, among others.

Analyst Review

The Asia Pacific stevia market attained a value of nearly USD 227.91 million in 2023, driven by rising health concern and consumer awareness about drinks with high sugar content and growing demand for dietary food. Aided by favourable government policies, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 11.2%. The Asia Pacific stevia market is projected to reach about USD 591.81 million by 2032.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on extract types, the market can be segmented into leaf, powder, and liquid. On the basis of application, the industry is divided into food and beverages, oral care, tabletop sweetener, and pharmaceuticals, among others. The major regional markets for stevia in the Asia Pacific are China, India, and Japan, among others, with China accounting for the largest share of the industry. The key players in the above industry include 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, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

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.

Right Methodology

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.

Right Price

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.

Right Support

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.

NEWSLETTER