| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 8.10% |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Stevia Market Analysis by Mordor Intelligence
The Asia-Pacific Stevia Market is expected to register a CAGR of 8.1% during the forecast period.
- As health awareness is growing, most of the population thoroughly checks the label of a product before buying it, and this awareness among consumers has prompted the manufacturers to undertake the replacement of high-calorie polyols with natural sweeteners.
- The increasing demand for low-calorie sweeteners from the food and beverages manufacturers has increased from last few years, owing to the rising concern over obesity and diabetes across the world. Many key players in the food and beverage industry have been introducing products with natural low-calorie sweeteners, mainly stevia.
Asia-Pacific Stevia Market Trends and Insights
Increased Utilization in Beverages
Stevia is a natural choice for sweetening a wide variety of beverages, such as teas, coffees, soft drinks, flavored waters, juices, and alcoholic beverages. The stevia solutions formulated for specific beverage applications can provide a superior, clean, sugar-like taste with reduced linger. Stevia's rapid growth in the beverages market is a testament to its many benefits, including zero calories, 100% natural origin, and being non-caloric, tooth-friendly, non-fermenting, highly soluble, and pH, heat, photo (light), and shelf-stable. It is also an excellent sweetener choice for CSDs (carbonated soft drinks), which typically have a low pH, especially considering the wide range of temperatures that the CSDs experience during their shelf life in some markets.
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China Dominates the Market
China, as the world's production base for stevia sweeteners, has been becoming an important end-user market, aided by the huge and fast-growing end-user industries. This dramatic growth has been driven by the fast development of the end-user industries, especially functional beverages and foods, glazed fruits, tea and juice beverage, medicines, and other end-user industries, which are the major application fields for stevia in China. The Chinese consumers, who are greatly influenced by Chinese traditional medicine and natural products, have a higher preference for stevia sweeteners, compared to other HIS. Strict restrictions on the application and production of some artificial HIS, especially saccharin and cyclamate, also largely contribute to the growth of the stevia market.
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Competitive Landscape
The Asia-Pacific stevia market is highly fragmented and Cargill Incorporated, PureCircle, Tate & Lyle, and Ingredion Incorporated are some of the companies leading the stevia market due to their new product launches. The companies have also been adopting strategies, such as partnerships and new product launches in different forms, such as leaves and liquid to increase their product line and share.
Asia-Pacific Stevia Industry Leaders
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Cargill, Incorporated
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Tate & Lyle PLC
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Ingredion Incorporated
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Archer Daniels Midland Company
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PureCircle
- *Disclaimer: Major Players sorted in no particular order
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Asia-Pacific Stevia Market Report Scope
The Asia-Pacific stevia market is segmented by product form that includes powder, liquid, and leaf. Based on the application, the market is segmented into bakery, confectionery, dairy, beverages, dietary supplements, and other applications. The study also involves the analyses of regions, such as China, Japan, India, Australia, and the Rest of Asia-Pacific.
By Product Form
| Powder |
| Liquid |
| Leaf |
By Application
| Bakery |
| Confctionery |
| Dairy |
| Beverages |
| Dietary Supplements |
| Other Applications |
Geography
| Asia-Pacific | China |
| Japan | |
| India | |
| Australia | |
| Rest of Asia-Pacific |
| By Product Form | Powder | |
| Liquid | ||
| Leaf | ||
| By Application | Bakery | |
| Confctionery | ||
| Dairy | ||
| Beverages | ||
| Dietary Supplements | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
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Key Questions Answered in the Report
What is the current Asia-Pacific Stevia Market size?
The Asia-Pacific Stevia Market is projected to register a CAGR of 8.1% during the forecast period (2025-2030)
Who are the key players in Asia-Pacific Stevia Market?
Cargill, Incorporated, Tate & Lyle PLC, Ingredion Incorporated, Archer Daniels Midland Company and PureCircle are the major companies operating in the Asia-Pacific Stevia Market.
What years does this Asia-Pacific Stevia Market cover?
The report covers the Asia-Pacific Stevia Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Stevia Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Asia-Pacific Stevia Market Report
Statistics for the 2025 Asia-Pacific Stevia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Stevia analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
