Europe Stevia Market Report (2021–2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

Europe Stevia Market Overview and Dynamics

The Europe Stevia Market in Europe is poised for significant growth, projected to expand from US109.88millionin2021∗∗to∗∗US109.88millionin2021∗∗to∗∗US 207.46 million by 2028, at a CAGR of 9.5% during the forecast period. This growth is driven by the presence of well-established players such as Cargill, Incorporated, Ingredion Incorporated, Tate & Lyle PLC, ADM, and others. These companies are focusing on innovation, mergers, acquisitions, and partnerships to meet the increasing demand for stevia in various end-use industries.

Key Growth Drivers:

  1. Product Innovation: Companies are introducing new and improved stevia-based products to cater to the growing demand for natural sweeteners in food and beverages.
  2. Strategic Partnerships: Collaborations, such as the extended partnership between Tate & Lyle and Codexis in 2021, aim to enhance production efficiency and expand the portfolio of stevia-based sweeteners.
  3. Health Trends: Rising consumer awareness about sugar reduction and the demand for low-calorie, natural sweeteners are fueling market growth.
  4. Geographic Expansion: Companies are focusing on expanding their footprint across Europe through mergers, acquisitions, and partnerships.

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Key Market Segments

  1. By Type:
  • Powder: Dominated the market in 2020, owing to its widespread use in food and beverage applications.
  • Whole Leaf: Gaining traction due to its natural and unprocessed form.
  • Liquid: Increasingly used in beverages and liquid formulations.
  1. By Application:
  • Beverages: Accounted for the largest market share in 2020, driven by the demand for low-calorie and natural sweeteners in soft drinks, juices, and functional beverages.
  • Dairy and Frozen Desserts: Growing use in yogurt, ice cream, and other dairy products.
  • Bakery and Confectionery: Increasing adoption in baked goods and sugar-free confectionery.
  • Tabletop Sweeteners: Rising consumer preference for natural sweeteners over artificial ones.
  • Others: Includes applications in snacks, sauces, and dressings.
  1. By Country:
  • Germany: Leading market due to high consumer awareness and demand for natural sweeteners.
  • UK: Significant growth driven by health-conscious consumers and food industry innovations.
  • France: Increasing adoption of stevia in beverages and dairy products.
  • Italy: Growing demand for natural and organic food products.
  • Russia: Emerging market with potential for growth.
  • Rest of Europe: Steady growth across other European countries.

Major Companies in the Europe Stevia Market

The key players operating in the European stevia market include:

  1. Cargill, Incorporated
  2. Ingredion Incorporated
  3. Tate & Lyle PLC
  4. The Archer-Daniels-Midland Company (ADM)
  5. S&W Seed Company
  6. Morita Kagaku Kogyo Co., Ltd.
  7. PureCircle

These companies are focusing on product innovation, strategic partnerships, and geographic expansion to strengthen their market position.

Reasons to Buy the Report

  1. Market Landscape Analysis: Understand the current market scenario and identify high-growth segments.
  2. Competitive Insights: Stay updated on the competitive landscape and key strategies adopted by market players.
  3. Strategic Planning: Identify potential merger, acquisition, and partnership opportunities.
  4. Informed Decision-Making: Leverage comprehensive market analysis to make data-driven business decisions.
  5. Revenue Forecasts: Access detailed revenue forecasts for the Europe stevia market by type, application, and country from 2019 to 2028.

Europe Stevia Market Segmentation

By Type:

  • Whole Leaf
  • Powder
  • Liquid

By Application:

  • Dairy and Frozen Desserts
  • Bakery and Confectionery
  • Tabletop Sweeteners
  • Beverages
  • Others

By Country:

  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

Conclusion

The Europe stevia market is set to experience robust growth, driven by increasing consumer demand for natural, low-calorie sweeteners and the strategic initiatives of key market players. The market’s expansion is further supported by innovations in product offerings and the growing adoption of stevia across various food and beverage applications. Companies are likely to focus on partnerships, mergers, and acquisitions to capitalize on emerging opportunities and strengthen their market presence.

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Author’s Bio:
Akshay
Senior Market Research Expert at Business Market Insights

Abhishek waydande
Author: Abhishek waydande

hi i am akshay

Abhishek waydande

hi i am akshay