Product
Stevia Price Trend and Forecast
Stevia Price Trend and Forecast
Regional Market Overview
Get the latest insights on price movement and trend analysis of Stevia in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
Despite the continuing geopolitical turbulence, the natural sweetener market kept strong. The robust demand from the food & beverage and dietary supplement market kept the stevia prices from falling amid the severe supply constraints and complex logistics. The heightened freight charges, along with port congestion, further caused the prices to swell with minor fluctuations.
Stevia prices in the Chinese domestic market went from 62880 USD/MT in January to 62199.14 USD/MT in June 2022. In the USA, the stevia prices averaged 68240.36 USD/MT towards the end of the second quarter. The exact pricing patterns continued in the European region despite being the most hard-hit region owing to the Russia-Ukraine conflict. Stevia prices in Germany averaged 64854.82 USD/MT towards the end of said period.
Analyst Insight
According to Procurement Resource, Stevia's prices will likely remain strong in the coming quarter. Despite the new production entering the market and the opening of ports, the prices are expected to undergo minor fluctuations, given the bubbling downstream demand.
For the Year of 2022
The market's top competitors benefited from significant growth opportunities in the Asia-Pacific region, which grew at the fastest rate in 2021. The growing diabetic and obese population, rapid urbanisation, increased awareness of the medical benefits of sugar-free products, and increased demand for diet drinks and beverages all contributed to this regional market's rapid growth rate.
North America was previously believed to account for the largest share of the global stevia market. The rising prevalence of diseases, growing trends toward low carbohydrate foods and clean labelling, and growing consumer demand for sugar-free products all contributed to North America's sizable market share.
Procurement Resource provides latest prices of Stevia. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Stevia is known as a sweetener and sugar substitute which is extracted or obtained from the leaves of the plant species Stevia rebaudiana, native to Brazil and Paraguay. It serves as an artificial sweetener with zero calories and thus, is widely used to manufacture soft drinks.
Coca-Cola, the beverage giant, launched stevia-sweetened beverages, such as Coca-Cola Life and others. Steviol glycosides (primarily stevioside and rebaudioside) are the active compound of stevia and contains about 30 to 150 times the sweetness of sugar.
Product Details
| Report Features | Details |
| Product Name | Stevia |
| Industrial Uses | Artificial sweeteners, Adhesive, Oral care, Pharmaceuticals |
| HS Code | 293890 |
| Forms of Stevia: | Stevioside: 57817-89-7, Rebaudioside A: 58543-16-1, Other Rebaudiosides (B, C, D, E, F), Dulcoside A, Rubusoside, Steviol (Aglycone), Steviolbioside |
| Supplier Database | Ingredion Incorporated, PureCircle Limited, GLG Life Tech Corporation, Cargill, Incorporated, Archer Daniels Midland Company, Tate & Lyle PLC, Sunwin Stevia International, Inc |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Process
- Production of Stevia via Water Extraction Process
In order to produce Stevia, dry leaves of the stevia plant are immersed in hot water to obtain steviol glycosides, the active compound of Stevia. The obtained steviol glycosides are filtered and crystallised for further use.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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