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Europe Stevia Market Size, Share & Trends Analysis Report By Distribution Channel (Offline, and Online), By Form (Powder, Liquid, and Leaf), By End User (Food & Beverages, Retail, Pharmaceuticals, and Others), By Type, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 154 Pages
  • April 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5026320
The Europe Stevia Market would witness market growth of 7.2% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 3,030.11 tonnes, showcasing a growth of 11.0% (2020-2023).

The stevia market, particularly in powdered form, has witnessed significant growth owing to its natural sweetness and low-calorie properties. Stevia powder is extensively used as a sugar substitute in various food and beverage products, including desserts, beverages, and snacks, due to its ability to impart sweetness without adding calories. Therefore, the Germany market would consume 656.87 tonnes of Stevia powder by 2031.



The Germany market dominated the Europe Stevia Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $98 million by 2031. The UK market is registering a CAGR of 6.6% during (2024 - 2031). Additionally, The France market would showcase a CAGR of 8% during (2024 - 2031).

Stevia extracts have been investigated for their potential use as natural pesticides and insect repellents in agriculture. Certain compounds in stevia leaves exhibit insecticidal properties and may offer eco-friendly alternatives to synthetic pesticides. Moreover, stevia extracts are explored as feed additives for livestock to enhance palatability and improve feed intake. They may contribute to developing natural and sustainable livestock nutrition and health solutions.

Moreover, enhancing stevia’s taste profile to mimic sugar’s sweetness and mouthfeel remains a primary focus of innovation. Advances in stevia extraction methods and taste modulation techniques aim to reduce lingering bitterness or aftertaste associated with stevia, improving its overall acceptability among consumers. Taste modulation techniques emphasize masking or minimizing the perceived bitterness or aftertaste associated with stevia. Formulators employ various strategies to achieve this, including blending stevia with other natural sweeteners, flavor enhancers, or masking agents that complement its taste profile.

Food and beverage manufacturers in the UK are incorporating stevia into various products, including soft drinks, flavored waters, dairy alternatives, snacks, and baked goods. The availability of stevia-sweetened options across different product categories has increased consumer choice and contributed to the expansion of stevia demand in the UK. As per the data from the Government of the United Kingdom, regarding gross value added (GVA), beverages was the largest manufacturing category with a value of £6.5 billion in 2021. It contributed 21.4% to the total food and drink manufacturing GVA. The other food products category was the second largest, valued at £6.3 billion in the same year, contributing 20.6% to the total food and drink manufacturing GVA. Thus, Europe’s rising food & beverage and pharmaceutical sectors will increase demand in the regional market.

Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Form, the market is segmented into Powder, Liquid, and Leaf. Based on End User, the market is segmented into Food & Beverages, Retail, Pharmaceuticals, and Others. Based on Type, the market is segmented into Reb A, Reb M, and Reb D. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

  • Ingredion Incorporated
  • Tate & Lyle Plc
  • The Coca Cola Company
  • PepsiCo, Inc.
  • Archer Daniels Midland Company
  • Pyure Brands, LLC
  • Cargill, Incorporated
  • S&W Seed Company
  • Morita Kagaku Kogyo Co., Ltd.
  • Evolva Holdings SA

Market Report Segmentation

By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
  • Offline
  • Online
By Form (Volume, Tonnes, USD Billion, 2020-2031)
  • Powder
  • Liquid
  • Leaf
By End User (Volume, Tonnes, USD Billion, 2020-2031)
  • Food & Beverages
  • Retail
  • Pharmaceuticals
  • Others
By Type (Volume, Tonnes, USD Billion, 2020-2031)
  • Reb A
  • Reb M
  • Reb D
By Country (Volume, Tonnes, USD Billion, 2020-2031)
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Stevia Market, by Distribution Channel
1.4.2 Europe Stevia Market, by Form
1.4.3 Europe Stevia Market, by End User
1.4.4 Europe Stevia Market, by Type
1.4.5 Europe Stevia Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Europe Stevia Market by Distribution Channel
4.1 Europe Offline Market by Country
4.2 Europe Online Market by Country
Chapter 5. Europe Stevia Market by Form
5.1 Europe Powder Market by Country
5.2 Europe Liquid Market by Country
5.3 Europe Leaf Market by Country
Chapter 6. Europe Stevia Market by End User
6.1 Europe Food & Beverages Market by Country
6.2 Europe Retail Market by Country
6.3 Europe Pharmaceuticals Market by Country
6.4 Europe Others Market by Country
Chapter 7. Europe Stevia Market by Type
7.1 Europe Reb A Market by Country
7.2 Europe Reb M Market by Country
7.3 Europe Reb D Market by Country
Chapter 8. Europe Stevia Market by Country
8.1 Germany Stevia Market
8.1.1 Germany Stevia Market by Distribution Channel
8.1.2 Germany Stevia Market by Form
8.1.3 Germany Stevia Market by End User
8.1.4 Germany Stevia Market by Type
8.2 UK Stevia Market
8.2.1 UK Stevia Market by Distribution Channel
8.2.2 UK Stevia Market by Form
8.2.3 UK Stevia Market by End User
8.2.4 UK Stevia Market by Type
8.3 France Stevia Market
8.3.1 France Stevia Market by Distribution Channel
8.3.2 France Stevia Market by Form
8.3.3 France Stevia Market by End User
8.3.4 France Stevia Market by Type
8.4 Russia Stevia Market
8.4.1 Russia Stevia Market by Distribution Channel
8.4.2 Russia Stevia Market by Form
8.4.3 Russia Stevia Market by End User
8.4.4 Russia Stevia Market by Type
8.5 Spain Stevia Market
8.5.1 Spain Stevia Market by Distribution Channel
8.5.2 Spain Stevia Market by Form
8.5.3 Spain Stevia Market by End User
8.5.4 Spain Stevia Market by Type
8.6 Italy Stevia Market
8.6.1 Italy Stevia Market by Distribution Channel
8.6.2 Italy Stevia Market by Form
8.6.3 Italy Stevia Market by End User
8.6.4 Italy Stevia Market by Type
8.7 Rest of Europe Stevia Market
8.7.1 Rest of Europe Stevia Market by Distribution Channel
8.7.2 Rest of Europe Stevia Market by Form
8.7.3 Rest of Europe Stevia Market by End User
8.7.4 Rest of Europe Stevia Market by Type
Chapter 9. Company Profiles
9.1 Ingredion Incorporated
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Tate & Lyle PLC
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental & Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 The Coca Cola Company
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 SWOT Analysis
9.4 PepsiCo, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 Archer Daniels Midland Company
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.6 Pyure Brands, LLC
9.6.1 Company Overview
9.7 Cargill, Incorporated
9.7.1 Company Overview
9.7.2 SWOT Analysis
9.8 S&W Seed Company
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expense
9.9 Morita Kagaku Kogyo Co., Ltd.
9.9.1 Company Overview
9.10. Evolva Holdings SA
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 SWOT Analysis

Companies Mentioned

  • Ingredion Incorporated
  • Tate & Lyle Plc
  • The Coca Cola Company
  • PepsiCo, Inc.
  • Archer Daniels Midland Company
  • Pyure Brands, LLC
  • Cargill, Incorporated
  • S&W Seed Company
  • Morita Kagaku Kogyo Co., Ltd.
  • Evolva Holdings SA

Methodology

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