Africa Stevia Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.40 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Stevia Market Analysis
The Africa Stevia Market is projected to grow at a CAGR of 5.4% during the forecast period,
- In Africa, the concerns regarding health and nutrition are relatively in a nascent stage and the diet products have lesser market penetration. Owing to this, the demand for stevia is growing in this region. The alarming rate of obesity and its link to other lifestyle diseases have made the consumers focus on their diets, which has boosted the rate of consumption of stevia in Africa.
- As Stevia is a natural and healthy alternative to sugar, it was approved for use in South Africa in 2012. Therefore, stevia is expected to emerge as one of the most popular natural sweeteners among the consumers, who look for healthier alternatives. This factor brings in opportunities for the manufactures of stevia in the country.
Africa Stevia Market Trends
This section covers the major market trends shaping the Africa Stevia Market according to our research experts:
Growing Utilization of Powdered Stevia
Powdered stevia is produced in bulk or in packets, and blended with a filler, usually fructooligosaccharides, or FOS, which is a plant-based fiber. It is the most processed form of stevia. The quality, flavor, and sweetness of stevia vary from product to product. The white stevia powder sold more commercially is a more refined product and is much sweeter. Moreover, the purified and concentrated white powder has been recorded to be 200 to 300 times sweeter than table sugar. In the food and beverage industry, powder form stevia is incorporated for several applications, such as beverage mixes, candies, jams and jellies, coffee and tea, dairy products, processed fruits and vegetables, table-top sweeteners, chewing gum, frozen desserts, salad dressings, etc.
Increased Application in Beverages
Stevia is a natural choice for sweetening a wide variety of beverages, such as teas, coffees, soft drinks, flavored waters, juices, and alcoholic beverages. Stevia solutions formulated for specific beverage applications can provide a superior, clean, sugar-like taste with reduced linger. Stevia's rapid growth in the beverage market is a testament to its many benefits, including zero calories, 100% natural origin, and being non-caloric, tooth-friendly, non-fermenting, highly soluble, and pH, heat, photo (light), and shelf-stable. It is an excellent sweetener choice for CSDs (carbonated soft drinks), which typically have a low pH, especially considering the wide range of temperatures CSDs experience during their shelf life in some markets.
Africa Stevia Industry Overview
Africa stevia market is consolidated and Cargill, Incorporated, PureCircle, Tate & Lyle are some of the companies leading the stevia market due to their new product launches. The companies are adopting strategies such as partnerships and new product launches in different forms such as leaves and liquid to increase their product line and share.
Africa Stevia Market Leaders
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Cargill, Incorporated
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Tate & Lyle PLC
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PureCircle
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GLG LIFE TECH CORP.
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HYET Sweet
*Disclaimer: Major Players sorted in no particular order
Africa Stevia Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Form
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5.1.1 Powder
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5.1.2 Liquid
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5.1.3 Leaf
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5.2 By Application
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5.2.1 Bakery
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5.2.2 Confctionery
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5.2.3 Dairy
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5.2.4 Beverages
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5.2.5 Dietary Supplements
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5.2.6 Others
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5.3 Geography
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5.3.1 Asia Pacific
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5.3.1.1 South Africa
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5.3.1.2 Kenya
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5.3.1.3 Nigeria
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5.3.1.4 Rest of Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Cargill, Incorporated
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6.4.2 Tate & Lyle PLC
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6.4.3 GLG LIFE TECH CORP.
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6.4.4 HYET Sweet
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6.4.5 PureCircle
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6.4.6 Biolotus Technology Lasa Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Africa Stevia Industry Segmentation
The Africa stevia market is segmented by product form that includes powder, liquid, and leaf. Based on the application, the market is divided into bakery, confectionery, dairy, beverages, dietary supplements, and others. The study also involves the analysis of regions such as South Africa, Kenya, Nigeria and the rest of Africa.
| By Product Form | |
| Powder | |
| Liquid | |
| Leaf |
| By Application | |
| Bakery | |
| Confctionery | |
| Dairy | |
| Beverages | |
| Dietary Supplements | |
| Others |
| Geography | ||||||
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Africa Stevia Market Research FAQs
What is the current Africa Stevia Market size?
The Africa Stevia Market is projected to register a CAGR of 5.40% during the forecast period (2024-2029)
Who are the key players in Africa Stevia Market?
Cargill, Incorporated, Tate & Lyle PLC, PureCircle, GLG LIFE TECH CORP. and HYET Sweet are the major companies operating in the Africa Stevia Market.
What years does this Africa Stevia Market cover?
The report covers the Africa Stevia Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Stevia Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Africa Stevia Industry Report
Statistics for the 2024 Africa Stevia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa Stevia analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
