Middle East and Africa Stevia Market Overview
According to SPER Market Research, the Middle East and Africa Stevia Market is estimated to reach USD 0.05 billion by 2032 with a CAGR of 10.56%.
Stevia is a sweetener derived from the leaves of the Stevia rebaudiana plant. It is a natural sweetener that is much sweeter than sugar but has virtually no calories, making it a popular alternative to sugar and artificial sweeteners. Stevia has been used for centuries in South America and is now widely available around the world in various forms, including liquid drops, powder, and tablets. It can be used in cooking, baking, and beverages, and is often marketed as a healthier alternative to sugar due to its low glycemic index and lack of calories. However, some people may find that stevia has a slightly bitter aftertaste, so it may not be the ideal sweetener for everyone's taste.
Exploring the Growth Drivers of the Middle East and Africa Stevia Market Industry
In Middle East and Africa Stevia Market has grown rapidly in recent years and is expected to expand with a CAGR of 10.56% in the future and is forecasted to reach USD 10.56 billion by 2032. Several key factors are responsible for the expansion of this industry. Some of the main factors are Increasing consumer demand for natural and low-calorie sweeteners, Growing awareness of the health benefits of stevia, Rising demand for packaged food and beverages, Government initiatives to promote healthy lifestyles, Increased availability and accessibility of stevia products.
As consumers become more health-conscious, they are increasingly turning to natural sweeteners like stevia as a healthier alternative to sugar and artificial sweeteners. Stevia is also known to have several health benefits, including its ability to help regulate blood sugar levels and improve insulin sensitivity, making it an attractive option for people with diabetes or other health concerns. Stevia products are becoming more widely available and affordable, making them more accessible to consumers across the Middle East and Africa.
What challenges does the Middle East and Africa Stevia Market face?
Regardless of several opportunities in Middle East and Africa Stevia Market, there are several challenges that the market players are facing in this sector. Limited awareness and understanding of stevia, availability of cheaper artificial sweeteners, limited availability of stevia products, regulatory issues, taste preferences are some of the main challenges which the companies face in this industry. Artificial sweeteners like aspartame and saccharin are widely available and are often cheaper than stevia, making them more appealing to cost-conscious consumers. While stevia products are becoming more widely available, they are still not as readily available as other sweeteners, which can limit consumer choice. While some consumers prefer the taste of stevia, others find it to have a slightly bitter aftertaste, which can be off-putting and limit its appeal. Overall, these challenges may slow the growth of the stevia market in the Middle East and Africa, but with increased education and awareness among consumers and continued innovation by manufacturers, these challenges can be overcome.
In what ways has the COVID-19 pandemic affected Middle East and Africa Stevia Market?
The COVID-19 pandemic had a mixed impact on the Middle East and Africa stevia market. Increased demand for healthy and natural products, including stevia, drove sales of stevia-based products such as packaged food and beverages, and dietary supplements. However, supply chain disruptions and logistic challenges impacted availability and distribution, leading to price fluctuations and difficulties in meeting consumer demand. The closure of restaurants and cafes during lockdowns also resulted in a decline in demand for stevia products used in these establishments. As the region recovers from the pandemic, the demand for stevia products is expected to continue growing, driven by health awareness among consumers.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Extract, By Application
|
| Regions covered | Middle East and Africa, Saudi Arabia, United Arab Emirates, Iran, Turkey, Nigeria, South Africa, Others
|
| Companies Covered | Cargill, Incorporated, Tate & Lyle PLC, Ingredion Incorporated, Archer Daniels Midland Company, Others
|
Target Audience
- Food and Beverages Manufacturers
- Retailers and Distributors
- Healthcare Professionals
- Consumers
- Government Agencies
Middle East and Africa Stevia Market Segmentation:
1. By Extract:
2. By Application:
- Food and Beverages
- Oral Care
- Pharmaceutical
- Tabletop Sweetener
- Others
3. By Region:
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Iran
- Turkey
- Nigeria
- South Africa
- Others
Key Topics Covered in the Report:
- Size of Middle East and Africa Stevia Market (FY’2019-FY’2032)
- Overview of Middle East and Africa Stevia Market
- Segmentation of Middle East and Africa Stevia Market By Extract (Leaf, Powder, Liquid)
- Segmentation of Middle East and Africa Stevia Market By Application (Food and Beverages, Oral Care, Pharmaceuticals, Tabletop Sweetner, Others)
- Statistical Snap of Middle East and Africa Stevia Market
- Growth Analysis of Middle East and Africa Stevia Market
- Problems and Challenges in Middle East and Africa Stevia Market
- Competitive Landscape in the Middle East and Africa Stevia Market
- Impact of COVID-19 and Demonetization on Middle East and Africa Stevia Market
- Details on Recent Investment in Middle East and Africa Stevia Market
- Competitive Analysis of Middle East and Africa Stevia Market
- Major Players in the Middle East and Africa Stevia Market
- SWOT Analysis of Middle East and Africa Stevia Market
- Middle East and Africa Stevia Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Middle East and Africa Stevia Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Middle East and Africa Stevia Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East and Africa Stevia Market
7. Middle East and Africa Stevia Market, By Extract, 2019-2032 (USD Million)
7.1 Leaf
7.2 Powder
7.3 Liquid
8. Middle East and Africa Stevia Market, By Application, 2019-2032 (USD Million)
8.1 Food and Beverages
8.2 Oral Care
8.3 Pharmaceutical
8.4 Tabletop Sweetener
8.5 Others
9. Middle East and Africa Stevia Market, By Region, 2019-2032 (USD Million)
9.1 Middle East and Africa Stevia Market Size and Market Share by Region (2019-2025)
9.2 Middle East and Africa Stevia Market Size and Market Share by Region (2026-2032)
9.3 Middle East and Africa
9.4 Saudi Arabia
9.5 United Arab Emirates
9.6 Iran
9.7 Turkey
9.8 Nigeria
9.9 South Africa
9.10 Others
10. Company Profiles
10.1 Cargill Inc
10.1.1 Company details
10.1.2 Financial outlook
10.1.3 Product summary
10.1.4 Recent developments
10.2 Tate & Lyle PLC
10.2.1 Company details
10.2.2 Financial outlook
10.2.3 Product summary
10.2.4 Recent developments
10.3 Ingredion Incorporated
10.3.1 Company details
10.3.2 Financial outlook
10.3.3 Product summary
10.3.4 Recent developments
10.4 Archer Daniels Midland Company
10.4.1 Company details
10.4.2 Financial outlook
10.4.3 Product summary
10.4.4 Recent developments
10.5 Others
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
