Asia Pacific Stevia Market Aided By The Expected Growth In The Global Stevia Market At A CAGR Of 8.4

According to a new report by EMR titled, ‘Asia Pacific Stevia Market Report and Forecast 2020-2025’, the Asia Pacific stevia market is being driven by the growing global stevia market, which recorded a value of nearly USD 520.30 million in 2018. It is further expected to grow at a CAGR of 8.4% between 2020 and 2025.

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Competitive Landscape & Supplier Analysis

1. PureCircle Limited (OTCMKTS: PCRTF)
2. Cargill, Incorporated
3. Archer Daniels Midland Co (NYSE: ADM)
4. Ingredion Incorporated
5. Tate & Lyle PLC (OTCMKTS: TATYY)
6. SteviaPac Food Innovation
7. Layn Corporate
8. Zhucheng HaoTian Pharm Co.,Ltd
9. Sunwin Stevia International, Inc
10. Others

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 2019, 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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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.

Market Breakup by Extract Type:

1. Leaf
2. Powder
3. Liquid

On the basis of extract type, stevia can be divided into leaves, powder, and liquid forms.

Market Breakup by Extract Application:

1. Food and Beverages
2. Oral Care
3. Pharmaceutical
4. Tabletop Sweetener
5. Others

Stevia finds its application in different sectors like food and beverages, oral care, pharmaceutical, and tabletop sweetener, among others.

Market Breakup by Extract Region:

1. China
2. India
3. Japan
4. Others

The regional markets for Asia Pacific stevia market are China, India, and Japan, among others.

Key Findings of the Report:

1. The Asia Pacific stevia market is being driven by the growing health concern, resulting in an increased demand for low-calorie products, globally.
2. The rising demand for natural or organic products over the artificial ones is aiding the market further.
3. The strategies implemented by governments to promote sugar-substitutes due to increasing cases of diabetes and obesity is propelling the market forward.
4. 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:

1. The EMR report gives an overview of the Asia Pacific stevia market for the periods (2015-2019) and (2020-2025).
2. The report offers historical (2015-2019) as well as forecast (2020-2025) data for the types, applications, and regional markets of stevia in the Asia Pacific
3. 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.
4. It also gives a thorough analysis of the regional historical (2015-2019) and forecast (2020-2025) price trends of stevia.

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https://www.expertmarketresearch.com/reports/mannitol-markethttps://www.expertmarketresearch.com/reports/natural-sweeteners-markethttps://www.expertmarketresearch.com/reports/asia-pacific-natural-sweeteners-markethttps://www.expertmarketresearch.com/reports/middle-east-and-africa-natural-sweeteners-market

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