Europe Stevia Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Stevia Market Analysis
Europe Stevia Market is anticipated to grow at a CAGR of 7.5% during the forecasted period (2020-2025).
- The market is driven by the growing vegan population coupled with the growing demand for natural ingredients in the region.
- Consumers are very sensitive to sugar reduction claims on product labels. With a growing number of diabetics and calorie-watching consumers, the demand for sugar alternatives has exhibited an unprecedented rise.
- The growing sports nutrition product and health drink market would provide a further boost to the industry's growth. Food & beverage, healthcare, and personal care industries create opportunities for a prospering market for Stevia.
Europe Stevia Market Trends
This section covers the major market trends shaping the Europe Stevia Market according to our research experts:
Growing Demand For Plant Based Ingredients
The consumption of sweeteners in Europe has been steadily increasing over the last decades. People have tried to limit sugar intake by using alternative sweeteners. European consumer attitudes and knowledge towards plant-based diets have been growing in the years. As a result, the demand for natural sweeteners with low calorific value, an acceptable taste and healthy qualities that could replace saccharose is increasing. The unceasing innovation and developments in the sweetener market have been tapping the emerging food and beverage industries. Moreover, the rising vegan population in the countries remain the primary factor boosting the market studied. Acknowledging the scenario, ingredient manufacturers are increasingly introducing products, and product manufacturers are increasingly incorporating them into products.
Europe Holds A Major Share In The Market
An increase in health-conscious consumers and the introduction of a sugar tax in the UK has led to an increase in new product launches with stevia, companies such as PureCircle have increased its production capacity in the United Kingdom for stevia sweeteners to meet the rising demand for the sugar-free alternative. Moreover, there is growing interest in new ingredients like stevia leaf extract that provide sweetness from natural sources among Britishers, which is leading food and beverage companies in the country to infuse them in their variety of product portfolios, which inculcates healthy ingredients. One such development was made by Coca Cola, where it introduced Coca-Cola Life in September 2014, a lower-calorie cola sweetened with a blend of sugar and naturally sourced stevia leaf extract (as per the company source, a 330-ml can of Coca-Cola Life contains 89 calories).
Europe Stevia Industry Overview
Europe stevia market is concentrated among a few international players. The leading participants including Cargill, Pure Circle, Tate & Lyle, ADM, Ingredion accounting for a major share of the market. The major players have vast product lines and geographical reach which gives them an upper hand.
Europe Stevia Market Leaders
Cargill Inc.
Ingredion Inc.
ADM
PureCircle
*Disclaimer: Major Players sorted in no particular order
Europe Stevia Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables and Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Form
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5.1.1 Liquid
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5.1.2 Powder
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5.1.3 Leaf
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5.2 By Application
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5.2.1 Bakery
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5.2.2 Dairy Food Products
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5.2.3 Beverages
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5.2.4 Dietary Supplements
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5.2.5 Confectionery
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5.2.6 Others
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5.3 Geography
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5.3.1 Europe
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5.3.1.1 Spain
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5.3.1.2 United Kingdom
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5.3.1.3 Germany
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5.3.1.4 France
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5.3.1.5 Italy
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5.3.1.6 Russia
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5.3.1.7 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Position Analysis
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6.4 Company Profiles
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6.4.1 Cargill Inc.
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6.4.2 Ingredion Inc.
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6.4.3 Tate & Lyle
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6.4.4 The Archer Daniels Midland Company
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6.4.5 PureCircle
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6.4.6 GLG LIFE TECH CORP
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6.4.7 STEVIAL
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6.4.8 Tereos S.A
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Stevia Industry Segmentation
Europe Stevia Market report is segmented by Form into Powder, Liquid, and Leaf. The market is segmented by Application into Bakery, Dairy Food Products, Beverages, Dietary Supplements, Confectionery, and Others. The market is also segmented by Geography into the United Kingdom, Germany, Spain, France, Italy, Russia, Rest of Europe.
| By Form | |
| Liquid | |
| Powder | |
| Leaf |
| By Application | |
| Bakery | |
| Dairy Food Products | |
| Beverages | |
| Dietary Supplements | |
| Confectionery | |
| Others |
| Geography | |||||||||
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Europe Stevia Market Research FAQs
What is the current Europe Stevia Market size?
The Europe Stevia Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Europe Stevia Market?
Cargill Inc., Ingredion Inc., ADM and PureCircle are the major companies operating in the Europe Stevia Market.
What years does this Europe Stevia Market cover?
The report covers the Europe Stevia Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Stevia Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Stevia Industry Report
Statistics for the 2024 Europe Stevia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Stevia analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
