Stevia Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Spain, Germany - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 150 SKU: IRTNTR75343

The stevia market size is estimated to grow at a CAGR of 6.97% between 2022 and 2027. The market size is forecast to increase by USD 245 million. The growth of the market depends on several factors, including the high demand for natural sweeteners, the frequent stevia-based product launches, and the rising M&A among key players.

This stevia market report extensively covers market segmentation by application (beverage sector, food sector, and pharmaceuticals and other), type (powder extract and liquid extract), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Stevia Market During the Forecast Period?

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Stevia Market: Key Drivers, Trends, Challenges, and Customer Landscape

The high demand for natural sweeteners is notably driving the market growth, although factors such as taste issues of stevia based products may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Stevia Market Driver

High demand for natural sweeteners is the key factor driving the growth of the global stevia market. There is a growing demand for natural sweeteners as consumers become more health-conscious and seek alternatives to artificial sweeteners, which have been linked to negative health effects such as weight gain, diabetes, and other health conditions. Natural sweeteners are often perceived as healthier than artificial sweeteners because they are derived from natural sources such as honey, agave nectar, maple syrup, and stevia.

They also often have a lower glycemic index, which means they control blood sugar levels. Stevia is one of the most popular natural sweeteners found in various products such as baked goods, beverages, and snacks. The demand for natural sweeteners is expected to grow as consumers increasingly prioritize health and wellness in their purchasing decisions. Such factors will increase market growth during the forecast period.

Significant Stevia Market Trends

Increased demand for stevia from the nutraceutical industry is the primary trend shaping the global stevia market growth. Stevia is becoming increasingly popular in the nutraceutical industry due to its natural origin and low-calorie content. Stevia is a sweetener in various dietary supplements, such as protein powders, vitamins, and minerals. It provides a low-calorie alternative to sugar and other artificial sweeteners. The demand for nutraceutical products has been increasing steadily in recent years as more and more consumers become aware of the potential health benefits, such as immunity-boosting of functional foods and dietary supplements. Stevia is also used in various functional foods, including energy bars, meal replacement shakes, and snack foods. These products often contain other health-promoting ingredients, such as vitamins, minerals, and protein, and stevia helps to improve their taste without adding extra calories. Being sweetener stevia is designed to help athletes and fitness enthusiasts optimize their performance and to enhance their taste without compromising their nutritional profile.

Stevia helps to reduce the overall calorie content of weight management products, such as meal replacement shakes and diet snacks. It can also help improve the taste of these products, making them more appealing to consumers trying to lose weight. Thus, the rising application of stevia in the nutraceutical industry is driven by the increasing demand for natural, low-calorie sweeteners that can enhance the taste and nutritional profile of functional foods and dietary supplements. Hence, the robustly growing nutraceutical industry will boost the growth of the global stevia market during the forecast period.

Major Stevia Market Challenge

Taste issues of stevia-based products are major challenges impeding the growth of the global stevia market. Some taste issues associated with stevia can make it challenging to use in applications in food. The differences in perceived sweetness, residual sweetness, bitter aftertaste, and metallic aftertaste are the most frequent problems associated with using stevia in food and beverages. Adding low-calorie sweeteners such as stevia to existing product lines requires product restructuring.

This includes confirmatory product testing to measure the viability of new products against current products or preset standards. Maintaining a consistent product taste across batches is also a key concern that may hamper the growth of the global stevia market during the forecast period.

Key Stevia Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Stevia Market Customer Landscape

Who are the Major Stevia Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Cargill Inc.: The company offers stevia such as Truvia stevia leaf extract. Also, the company offers stevia such as Truvia stevia leaf extract.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Archer Daniels Midland Co.
  • Daepyung Co. Ltd.
  • Fraken Biochem Co. Ltd.
  • Guilin Layn Natural Ingredients Corp.
  • HOWTIAN
  • Hunan Nutramax Inc.
  • Ingredion Inc.
  • MANUS BIO
  • Morita Kagaku Kogyo Co. Ltd.
  • Nutraceutical Corp.
  • S and W Seed Co.
  • Sunrise Nutrachem Group Co. Ltd.
  • Sunwin Stevia International Inc.
  • SweeGen Inc.
  • Tate and Lyle Plc

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Stevia Market?

The market share growth by the beverage sector segment will be significant during the forecast period. Stevia is a natural sweetener extracted from the leaves of the Stevia rebaudiana plant. It is becoming increasingly popular as a sugar substitute in the beverage industry due to its zero-calorie. 

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The beverage sector segment was valued at USD 220.38 million in 2017 and continued to grow until 2021. One of the major drivers of the demand for stevia in the beverage industry is the increasing prevalence of obesity and related health problems such as diabetes. Another factor driving the demand for stevia in the beverage industry is the growing interest in natural and organic products. As consumers become more conscious of the impact of their food and drink choices on the environment, there is a growing demand for organic beverages, which is expected to boost the growth of the global stevia market during the forecast period.

Which are the Key Regions for the Stevia Market?

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APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC dominated the global stevia market with the highest share in 2022. The main market drivers are anticipated to be regional economic growth and favorable consumer patterns. During the forecast period, it is anticipated that rising consumer demand for low-intensity sweeteners and the benefits of cost savings will positively impact the stevia market. The beverage industry is the major application market for sugar replacements in the area. The demand for zero-sugar beverages, sugar-free confectioneries, and baked goods is increasing in countries like India, fueling the demand for stevia during the forecast period.

In March 2020, the outbreak of COVID-19 resulted in disruptions in the global supply chain and a severe economic recession. However, with the rollout of COVID-19 vaccines, food vendors recorded an increase in sales and revenue in 2021 compared to 2020. Consumers are becoming more health-conscious and seeking healthier alternatives to sugar and artificial sweeteners. Natural sweeteners such as stevia are perceived as healthier because they are derived from natural sources and often have lower glycemic indices. Thus, increasing consumer awareness and interest in health and wellness and growing concerns about the potential health risks of artificial sweeteners, such as stroke, and heart disease, are anticipated to fuel the growth of the regional stevia market during the forecast period.

Segment Overview

The stevia market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Beverage sector
    • Food sector
    • Pharmaceuticals and other
  • Type Outlook (USD Million, 2017 - 2027)
    • Powder extract
    • Liquid extract
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Parent Market Analysis

Technavio categorizes the global stevia market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. The global packaged foods and meats market covers manufacturers or food processing vendors involved in food processing to eliminate microorganisms and extend shelf life. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.

Stevia Market Scope

Report Coverage

Details

Page number

150

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.97%

Market growth 2023-2027

USD 245 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.75

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 36%

Key countries

US, China, Japan, Spain, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Archer Daniels Midland Co., Cargill Inc., Daepyung Co. Ltd., Fraken Biochem Co. Ltd., Guilin Layn Natural Ingredients Corp., HOWTIAN, Hunan Nutramax Inc., Ingredion Inc., MANUS BIO, Morita Kagaku Kogyo Co. Ltd., Nutraceutical Corp., S and W Seed Co., Sunrise Nutrachem Group Co. Ltd., Sunwin Stevia International Inc., SweeGen Inc., Tate and Lyle Plc, The Real Stevia Co. AB, Van Wankum Ingredients BV, Wisdom Natural Brands, and Zydus Lifesciences Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Stevia Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global stevia market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global stevia market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Beverage sector - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Beverage sector - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Beverage sector - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Beverage sector - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Beverage sector - Year-over-year growth 2022-2027 (%)
    • 6.4 Food sector - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Food sector - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Food sector - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Food sector - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Food sector - Year-over-year growth 2022-2027 (%)
    • 6.5 Pharmaceuticals and other - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Pharmaceuticals and other - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Pharmaceuticals and other - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Pharmaceuticals and other - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Pharmaceuticals and other - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)
      • Exhibit 47: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 50: Chart on Comparison by Type
      • Exhibit 51: Data Table on Comparison by Type
    • 7.3 Powder extract - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Powder extract - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Powder extract - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Powder extract - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Powder extract - Year-over-year growth 2022-2027 (%)
    • 7.4 Liquid extract - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Liquid extract - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Liquid extract - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Liquid extract - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Liquid extract - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 60: Market opportunity by Type ($ million)
      • Exhibit 61: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Spain - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Spain - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Spain - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Spain - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Spain - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Archer Daniels Midland Co.
              • Exhibit 115: Archer Daniels Midland Co. - Overview
              • Exhibit 116: Archer Daniels Midland Co. - Business segments
              • Exhibit 117: Archer Daniels Midland Co. - Key offerings
              • Exhibit 118: Archer Daniels Midland Co. - Segment focus
            • 12.4 Cargill Inc.
              • Exhibit 119: Cargill Inc. - Overview
              • Exhibit 120: Cargill Inc. - Product / Service
              • Exhibit 121: Cargill Inc. - Key news
              • Exhibit 122: Cargill Inc. - Key offerings
            • 12.5 Guilin Layn Natural Ingredients Corp.
              • Exhibit 123: Guilin Layn Natural Ingredients Corp. - Overview
              • Exhibit 124: Guilin Layn Natural Ingredients Corp. - Product / Service
              • Exhibit 125: Guilin Layn Natural Ingredients Corp. - Key offerings
            • 12.6 HOWTIAN
              • Exhibit 126: HOWTIAN - Overview
              • Exhibit 127: HOWTIAN - Product / Service
              • Exhibit 128: HOWTIAN - Key offerings
            • 12.7 Ingredion Inc.
              • Exhibit 129: Ingredion Inc. - Overview
              • Exhibit 130: Ingredion Inc. - Business segments
              • Exhibit 131: Ingredion Inc. - Key news
              • Exhibit 132: Ingredion Inc. - Key offerings
              • Exhibit 133: Ingredion Inc. - Segment focus
            • 12.8 MANUS BIO
              • Exhibit 134: MANUS BIO - Overview
              • Exhibit 135: MANUS BIO - Product / Service
              • Exhibit 136: MANUS BIO - Key offerings
            • 12.9 Morita Kagaku Kogyo Co. Ltd.
              • Exhibit 137: Morita Kagaku Kogyo Co. Ltd. - Overview
              • Exhibit 138: Morita Kagaku Kogyo Co. Ltd. - Product / Service
              • Exhibit 139: Morita Kagaku Kogyo Co. Ltd. - Key offerings
            • 12.10 Nutraceutical Corp.
              • Exhibit 140: Nutraceutical Corp. - Overview
              • Exhibit 141: Nutraceutical Corp. - Product / Service
              • Exhibit 142: Nutraceutical Corp. - Key offerings
            • 12.11 Sunrise Nutrachem Group Co. Ltd.
              • Exhibit 143: Sunrise Nutrachem Group Co. Ltd. - Overview
              • Exhibit 144: Sunrise Nutrachem Group Co. Ltd. - Product / Service
              • Exhibit 145: Sunrise Nutrachem Group Co. Ltd. - Key offerings
            • 12.12 SweeGen Inc.
              • Exhibit 146: SweeGen Inc. - Overview
              • Exhibit 147: SweeGen Inc. - Product / Service
              • Exhibit 148: SweeGen Inc. - Key offerings
            • 12.13 Tate and Lyle Plc
              • Exhibit 149: Tate and Lyle Plc - Overview
              • Exhibit 150: Tate and Lyle Plc - Business segments
              • Exhibit 151: Tate and Lyle Plc - Key news
              • Exhibit 152: Tate and Lyle Plc - Key offerings
              • Exhibit 153: Tate and Lyle Plc - Segment focus
            • 12.14 The Real Stevia Co. AB
              • Exhibit 154: The Real Stevia Co. AB - Overview
              • Exhibit 155: The Real Stevia Co. AB - Product / Service
              • Exhibit 156: The Real Stevia Co. AB - Key offerings
            • 12.15 Van Wankum Ingredients BV
              • Exhibit 157: Van Wankum Ingredients BV - Overview
              • Exhibit 158: Van Wankum Ingredients BV - Product / Service
              • Exhibit 159: Van Wankum Ingredients BV - Key offerings
            • 12.16 Wisdom Natural Brands
              • Exhibit 160: Wisdom Natural Brands - Overview
              • Exhibit 161: Wisdom Natural Brands - Product / Service
              • Exhibit 162: Wisdom Natural Brands - Key offerings
            • 12.17 Zydus Lifesciences Ltd.
              • Exhibit 163: Zydus Lifesciences Ltd. - Overview
              • Exhibit 164: Zydus Lifesciences Ltd. - Business segments
              • Exhibit 165: Zydus Lifesciences Ltd. - Key offerings
              • Exhibit 166: Zydus Lifesciences Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 167: Inclusions checklist
                • Exhibit 168: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 169: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 170: Research methodology
                • Exhibit 171: Validation techniques employed for market sizing
                • Exhibit 172: Information sources
              • 13.5 List of abbreviations
                • Exhibit 173: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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