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Stevia Market in North America 2024-2028

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    Report

  • 138 Pages
  • November 2024
  • Region: North America
  • TechNavio
  • ID: 5534251
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The stevia market in north america is forecasted to grow by USD 31.9 million during 2023-2028, accelerating at a CAGR of 6.7% during the forecast period. The report on the stevia market in north america provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by health benefits associated with stevia, environmental benefits associated with stevia, and increasing popularity of low-calorie sweeteners.

The stevia market in north america is segmented as below:

By Product

  • Powder
  • Liquid
  • Leaf

By Geographical Landscape

  • North America
This study identifies the growing demand for flavored stevia as one of the prime reasons driving the stevia market in north america growth during the next few years. Also, growing demand for organic stevia and product innovations by stevia market players will lead to sizable demand in the market.

The report on the stevia market in north america covers the following areas:

  • Stevia Market in North America sizing
  • Stevia Market in North America forecast
  • Stevia Market in North America industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading stevia market in north america vendors that include Archer Daniels Midland Co., BotanicalsPlus, Cargill Inc., Chemill Inc., Evolva Holding AG, GLG Life Tech Corp., Guilin Layn Natural Ingredients Corp., Ingredion Inc., Jiaherb Inc., Merck KGaA, PureCircle Ltd., Pyure Brands LLC, S and W Seed Co., Steviva Brands Inc., Sunwin Stevia International Inc., Tate and Lyle PLC, Twinlab Consolidated Corp., WB Sweetners LLC., Westcoast Naturals, and Wisdom Natural Brands. Also, the stevia market in north america analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value Chain Analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Chart on North America: Year-over-year growth 2023-2028 (%)
Data Table on Regional - Market size and forecast 2023-2028 ($ million)
5 Historic Market Size
5.1 Stevia Market in North America 2018 - 2022
Historic Market Size - Data Table on Stevia Market in North America 2018 - 2022 ($ million)
5.2 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ million)
5.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
6.1 The impact of AI in Stevia Market in North America
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
7.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Product
8.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
8.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
8.3 Powder - Market size and forecast 2023-2028
Chart on Powder - Market size and forecast 2023-2028 ($ million)
Data Table on Powder - Market size and forecast 2023-2028 ($ million)
Chart on Powder - Year-over-year growth 2023-2028 (%)
Data Table on Powder - Year-over-year growth 2023-2028 (%)
8.4 Liquid - Market size and forecast 2023-2028
Chart on Liquid - Market size and forecast 2023-2028 ($ million)
Data Table on Liquid - Market size and forecast 2023-2028 ($ million)
Chart on Liquid - Year-over-year growth 2023-2028 (%)
Data Table on Liquid - Year-over-year growth 2023-2028 (%)
8.5 Leaf - Market size and forecast 2023-2028
Chart on Leaf - Market size and forecast 2023-2028 ($ million)
Data Table on Leaf - Market size and forecast 2023-2028 ($ million)
Chart on Leaf - Year-over-year growth 2023-2028 (%)
Data Table on Leaf - Year-over-year growth 2023-2028 (%)
8.6 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
9 Customer Landscape
9.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
10.1 Geographic segmentation
Chart on Market share By Geographical Landscape - 2023-2028 (%)
Data Table on Market share By Geographical Landscape - 2023-2028 (%)
10.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
10.3 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
10.4 Canada - Market size and forecast 2023-2028
Chart on Canada - Market size and forecast 2023-2028 ($ million)
Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Chart on Canada - Year-over-year growth 2023-2028 (%)
Data Table on Canada - Year-over-year growth 2023-2028 (%)
10.5 Mexico - Market size and forecast 2023-2028
Chart on Mexico - Market size and forecast 2023-2028 ($ million)
Data Table on Mexico - Market size and forecast 2023-2028 ($ million)
Chart on Mexico - Year-over-year growth 2023-2028 (%)
Data Table on Mexico - Year-over-year growth 2023-2028 (%)
10.6 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Table on Market opportunity By Geographical Landscape ($ million)
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 Archer Daniels Midland Co.
Archer Daniels Midland Co. - Overview
Archer Daniels Midland Co. - Business segments
Archer Daniels Midland Co. - Key news
Archer Daniels Midland Co. - Key offerings
Archer Daniels Midland Co. - Segment focus
SWOT
13.5 Cargill Inc.
Cargill Inc. - Overview
Cargill Inc. - Product / Service
Cargill Inc. - Key offerings
SWOT
13.6 GLG Life Tech Corp.
GLG Life Tech Corp. - Overview
GLG Life Tech Corp. - Product / Service
GLG Life Tech Corp. - Key offerings
SWOT
13.7 Ingredion Inc.
Ingredion Inc. - Overview
Ingredion Inc. - Business segments
Ingredion Inc. - Key news
Ingredion Inc. - Key offerings
Ingredion Inc. - Segment focus
SWOT
13.8 PureCircle Ltd.
PureCircle Ltd. - Overview
PureCircle Ltd. - Product / Service
PureCircle Ltd. - Key offerings
SWOT
13.9 Pyure Brands LLC
Pyure Brands LLC - Overview
Pyure Brands LLC - Product / Service
Pyure Brands LLC - Key offerings
SWOT
13.10 S and W Seed Co.
S and W Seed Co. - Overview
S and W Seed Co. - Product / Service
S and W Seed Co. - Key offerings
SWOT
13.11 Steviva Brands Inc.
Steviva Brands Inc. - Overview
Steviva Brands Inc. - Product / Service
Steviva Brands Inc. - Key offerings
SWOT
13.12 Sunwin Stevia International Inc.
Sunwin Stevia International Inc. - Overview
Sunwin Stevia International Inc. - Product / Service
Sunwin Stevia International Inc. - Key offerings
SWOT
13.13 Tate and Lyle PLC
Tate and Lyle PLC - Overview
Tate and Lyle PLC - Business segments
Tate and Lyle PLC - Key news
Tate and Lyle PLC - Key offerings
Tate and Lyle PLC - Segment focus
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
Strong financial performance
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 10: Overview on criticality of inputs and factors of differentiation
Exhibits 11: Overview on factors of disruption
Exhibits 12: Impact of drivers and challenges in 2023 and 2028
Exhibits 13: Parent Market
Exhibits 14: Data Table on - Parent Market
Exhibits 15: Market characteristics analysis
Exhibits 16: Value Chain Analysis
Exhibits 17: Offerings of companies included in the market definition
Exhibits 18: Market segments
Exhibits 19: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 20: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibits 21: Chart on North America: Year-over-year growth 2023-2028 (%)
Exhibits 22: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibits 23: Historic Market Size - Data Table on Stevia Market in North America 2018 - 2022 ($ million)
Exhibits 24: Historic Market Size - Product Segment 2018 - 2022 ($ million)
Exhibits 25: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 26: Five forces analysis - Comparison between 2023 and 2028
Exhibits 27: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 28: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 29: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 30: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 31: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 32: Chart on Market condition - Five forces 2023 and 2028
Exhibits 33: Chart on Product - Market share 2023-2028 (%)
Exhibits 34: Data Table on Product - Market share 2023-2028 (%)
Exhibits 35: Chart on Comparison by Product
Exhibits 36: Data Table on Comparison by Product
Exhibits 37: Chart on Powder - Market size and forecast 2023-2028 ($ million)
Exhibits 38: Data Table on Powder - Market size and forecast 2023-2028 ($ million)
Exhibits 39: Chart on Powder - Year-over-year growth 2023-2028 (%)
Exhibits 40: Data Table on Powder - Year-over-year growth 2023-2028 (%)
Exhibits 41: Chart on Liquid - Market size and forecast 2023-2028 ($ million)
Exhibits 42: Data Table on Liquid - Market size and forecast 2023-2028 ($ million)
Exhibits 43: Chart on Liquid - Year-over-year growth 2023-2028 (%)
Exhibits 44: Data Table on Liquid - Year-over-year growth 2023-2028 (%)
Exhibits 45: Chart on Leaf - Market size and forecast 2023-2028 ($ million)
Exhibits 46: Data Table on Leaf - Market size and forecast 2023-2028 ($ million)
Exhibits 47: Chart on Leaf - Year-over-year growth 2023-2028 (%)
Exhibits 48: Data Table on Leaf - Year-over-year growth 2023-2028 (%)
Exhibits 49: Market opportunity by Product ($ million)
Exhibits 50: Data Table on Market opportunity by Product ($ million)
Exhibits 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 52: Chart on Market share By Geographical Landscape - 2023-2028 (%)
Exhibits 53: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
Exhibits 54: Chart on Geographic comparison
Exhibits 55: Data Table on Geographic comparison
Exhibits 56: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 57: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 59: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 60: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits 61: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibits 63: Data Table on Canada - Year-over-year growth 2023-2028 (%)
Exhibits 64: Chart on Mexico - Market size and forecast 2023-2028 ($ million)
Exhibits 65: Data Table on Mexico - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Chart on Mexico - Year-over-year growth 2023-2028 (%)
Exhibits 67: Data Table on Mexico - Year-over-year growth 2023-2028 (%)
Exhibits 68: Market opportunity By Geographical Landscape ($ million)
Exhibits 69: Data Table on Market opportunity By Geographical Landscape ($ million)
Exhibits 70: Impact of drivers and challenges in 2023 and 2028
Exhibits 71: Overview on criticality of inputs and factors of differentiation
Exhibits 72: Overview on factors of disruption
Exhibits 73: Impact of key risks on business
Exhibits 74: Companies covered
Exhibits 75: Company ranking index
Exhibits 76: Matrix on companies position and classification
Exhibits 77: Archer Daniels Midland Co. - Overview
Exhibits 78: Archer Daniels Midland Co. - Business segments
Exhibits 79: Archer Daniels Midland Co. - Key news
Exhibits 80: Archer Daniels Midland Co. - Key offerings
Exhibits 81: Archer Daniels Midland Co. - Segment focus
Exhibits 82: SWOT
Exhibits 83: Cargill Inc. - Overview
Exhibits 84: Cargill Inc. - Product / Service
Exhibits 85: Cargill Inc. - Key offerings
Exhibits 86: SWOT
Exhibits 87: GLG Life Tech Corp. - Overview
Exhibits 88: GLG Life Tech Corp. - Product / Service
Exhibits 89: GLG Life Tech Corp. - Key offerings
Exhibits 90: SWOT
Exhibits 91: Ingredion Inc. - Overview
Exhibits 92: Ingredion Inc. - Business segments
Exhibits 93: Ingredion Inc. - Key news
Exhibits 94: Ingredion Inc. - Key offerings
Exhibits 95: Ingredion Inc. - Segment focus
Exhibits 96: SWOT
Exhibits 97: PureCircle Ltd. - Overview
Exhibits 98: PureCircle Ltd. - Product / Service
Exhibits 99: PureCircle Ltd. - Key offerings
Exhibits 100: SWOT
Exhibits 101: Pyure Brands LLC - Overview
Exhibits 102: Pyure Brands LLC - Product / Service
Exhibits 103: Pyure Brands LLC - Key offerings
Exhibits 104: SWOT
Exhibits 105: S and W Seed Co. - Overview
Exhibits 106: S and W Seed Co. - Product / Service
Exhibits 107: S and W Seed Co. - Key offerings
Exhibits 108: SWOT
Exhibits 109: Steviva Brands Inc. - Overview
Exhibits 110: Steviva Brands Inc. - Product / Service
Exhibits 111: Steviva Brands Inc. - Key offerings
Exhibits 112: SWOT
Exhibits 113: Sunwin Stevia International Inc. - Overview
Exhibits 114: Sunwin Stevia International Inc. - Product / Service
Exhibits 115: Sunwin Stevia International Inc. - Key offerings
Exhibits 116: SWOT
Exhibits 117: Tate and Lyle PLC - Overview
Exhibits 118: Tate and Lyle PLC - Business segments
Exhibits 119: Tate and Lyle PLC - Key news
Exhibits 120: Tate and Lyle PLC - Key offerings
Exhibits 121: Tate and Lyle PLC - Segment focus
Exhibits 122: SWOT
Exhibits 123: Inclusions checklist
Exhibits 124: Exclusions checklist
Exhibits 125: Currency conversion rates for US$
Exhibits 126: Research methodology
Exhibits 127: Information sources
Exhibits 128: Data validation
Exhibits 129: Validation techniques employed for market sizing
Exhibits 130: Data synthesis
Exhibits 131: 360 degree market analysis
Exhibits 132: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the stevia market in north america: Archer Daniels Midland Co., BotanicalsPlus, Cargill Inc., Chemill Inc., Evolva Holding AG, GLG Life Tech Corp., Guilin Layn Natural Ingredients Corp., Ingredion Inc., Jiaherb Inc., Merck KGaA, PureCircle Ltd., Pyure Brands LLC, S and W Seed Co., Steviva Brands Inc., Sunwin Stevia International Inc., Tate and Lyle PLC, Twinlab Consolidated Corp., WB Sweetners LLC., Westcoast Naturals, and Wisdom Natural Brands.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing demand for flavored stevia."

According to the report, one of the major drivers for this market is the health benefits associated with stevia.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Archer Daniels Midland Co.
  • BotanicalsPlus
  • Cargill Inc.
  • Chemill Inc.
  • Evolva Holding AG
  • GLG Life Tech Corp.
  • Guilin Layn Natural Ingredients Corp.
  • Ingredion Inc.
  • Jiaherb Inc.
  • Merck KGaA
  • PureCircle Ltd.
  • Pyure Brands LLC
  • S and W Seed Co.
  • Steviva Brands Inc.
  • Sunwin Stevia International Inc.
  • Tate and Lyle PLC
  • Twinlab Consolidated Corp.
  • WB Sweetners LLC.
  • Westcoast Naturals
  • Wisdom Natural Brands