GCC Stevia Market Overview:
The GCC Stevia Market was worth US$ XX Billion in 2021, expanding at a CAGR of X% during 2016-2021. The market is projected to register a CAGR of X% during 2022-2027, reaching US$ XX Billion by 2027. Stevia is a zero-calorie sweetener obtained from the leaves of the Stevia Rebaudiana plant. It is rich in flavonoids, triterpenes, tannins, caffeic acid, kaempferol, and quercetin. As it aids in controlling diabetes, lowering low-density lipoprotein (LDL) cholesterol, and regulating blood pressure, the consumption of stevia is rising across the GCC region.
Governing authorities in the GCC region are implementing sin taxes on sugar-sweetened beverages (SSB) to minimize sugar intake and combat obesity and diabetes rate. This represents one of the key factors propelling the market growth. Moreover, stevia is used in topical applications for treating skin conditions, such as eczema and dermatitis, as it assists in preventing the proliferation of bacteria. These product benefits are strengthening the growth of the market in the region.
The GCC stevia market is currently experiencing healthy growth rate. Stevia is a natural substitute of sugar which is extracted from the leaves of a plant known as stevia rebaudiana. The plant is native to Paraguay and Brazil. It has been used to sweeten beverages by Guarani Indians for centuries. Stevia can be characterized by various types including green leaf stevia, stevia extract and altered stevia. Green leaf stevia is slightly more bitter in taste as compared to the extract. Stevia is sweeter than commercial sugar but does not contain carbohydrates, calories and other artificial substances. It possesses the properties that can potentially benefit human health as it is helpful in controlling diabetes and reducing blood pressure. It also offers various other health benefits which include weight loss, prevention of cancer, strengthening of bone health, prevention of cavities, and treatment of eczema and dermatitis. The stevia market in the GCC region is currently driven by the increasing diabetes and obesity concerns in the GCC countries.
GCC Stevia Market Segment Insights:
The report has assessed the GCC stevia market on the basis of extract type covering, powder, liquid and leaf. The report has further examined the market based on end-use including, beverages, food, table top sweeteners, pharmaceuticals and others. On a regional basis, the report analyses the stevia market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. An evaluation of the competitive landscape has also been provided with the details of the key players operating in the GCC stevia market.
Highlights of the GCC Stevia Market Report:
Key Market Segments:
The GCC stevia market has been analysed as followed:
Segmentation by Extract Type:
Segmentation by End-Use:
Segmentation by Country:
Report Customization:
The GCC stevia market report can be customized as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.
1 Introduction
1.1 Research Objectives
1.2 Stakeholders
1.3 Scope of the Report
1.4 Assumptions and Limitations
2 Research Methodology
2.1 Data Collection
2.1.1 Primary Sources
2.1.2 Secondary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Validation
3 Executive Summary
4 Global Stevia Market
4.1 Historical Market Trend
4.2 Market Breakup by Region
4.3 Market Outlook
5 GCC Stevia Market
5.1 Industry Overview
5.2 Key Industry Developments
5.3 Market Trends
5.3.1 Key Market Indicators
5.3.2 Historical Market Trends
5.3.3 Impact of COVID-19
5.3.4 Market Outlook
6 GCC Stevia Market Segmentation by Country
6.1 Saudi Arabia
6.1.1 Historical Market Trends
6.1.2 Market Outlook
6.2 United Arab Emirates
6.2.1 Historical Market Trends
6.2.2 Market Outlook
6.3 Qatar
6.3.1 Historical Market Trends
6.3.2 Market Outlook
6.4 Kuwait
6.4.1 Historical Market Trends
6.4.2 Market Outlook
6.5 Oman
6.5.1 Historical Market Trends
6.5.2 Market Outlook
6.6 Bahrain
6.6.1 Historical Market Trends
6.6.2 Market Outlook
7 GCC Stevia Market Segmentation Extract Type
7.1 Powder
7.1.1 Historical Market Trends
7.1.2 Market Outlook
7.2 Liquid
7.2.1 Historical Market Trends
7.2.2 Market Outlook
7.3 Leaf
7.3.1 Historical Market Trends
7.3.2 Market Outlook
8 GCC Stevia Market Segmentation by End-Use
8.1 Beverages
8.1.1 Historical Market Trends
8.1.2 Market Outlook
8.2 Food
8.2.1 Historical Market Trends
8.2.2 Market Outlook
8.3 Table Top Sweeteners
8.3.1 Historical Market Trends
8.3.2 Market Outlook
8.4 Pharmaceuticals
8.4.1 Historical Market Trends
8.4.2 Market Outlook
8.5 Others
8.5.1 Historical Market Trends
8.5.2 Market Outlook
9 GCC Stevia Industry: Market Dynamics
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 GCC Stevia Industry: Value Chain Analysis
10.1 Overview
10.2 Research and Development
10.3 Raw Material Suppliers
10.4 Inbound Logistics
10.5 Production
10.6 Marketing
10.7 Outbound Logistics
10.8 Consumers
11 GCC Stevia Industry: Porter’s Five Forces Analysis
11.1 Overview
11.2 Threat of New Entrants
11.3 Threat of Substitutes
11.4 Bargaining Power of Buyers
11.5 Bargaining Power of Suppliers
11.6 Intensity of Rivalry
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Key Success Factors
13 Key Player Profiles
List of Figures
Figure 1: Global: Stevia Market: Sales Value (in Billion US$), 2016-2021
Figure 2: Global: Stevia Market: Segmentation by Region (in %), 2021
Figure 3: Global: Stevia Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 4: GCC: Stevia Market: Sales Value (in Billion US$), 2016-2021
Figure 5: GCC: Stevia Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 6: GCC: Stevia Market: Segmentation by Country (in %), 2021
Figure 7: GCC: Stevia Market: Segmentation by Extract type (in %), 2021
Figure 8: GCC: Stevia Market: Segmentation by End Use (in %), 2021
Figure 9: Saudi Arabia: Stevia Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Saudi Arabia: Stevia Market Outlook: Sales Value (in Million US$), 2022-2027
Figure 11: United Arab Emirates: Stevia Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: United Arab Emirates: Stevia Market Outlook: Sales Value (in Million US$), 2022-2027
Figure 13: Qatar: Stevia Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Qatar: Stevia Market Outlook: Sales Value (in Million US$), 2022-2027
Figure 15: Kuwait: Stevia Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Kuwait: Stevia Market Outlook: Sales Value (in Million US$), 2022-2027
Figure 17: Oman: Stevia Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Oman: Stevia Market Outlook: Sales Value (in Million US$), 2022-2027
Figure 19: Bahrain: Stevia Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Bahrain: Stevia Market Outlook: Sales Value (in Million US$), 2022-2027
Figure 21: GCC: Stevia (Powder) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: GCC: Stevia (Powder) Market Outlook: Sales Value (in Million US$), 2022-2027
Figure 23: GCC: Stevia (Liquid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: GCC: Stevia (Liquid) Market Outlook: Sales Value (in Million US$), 2022-2027
Figure 25: GCC: Stevia (Leaf) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: GCC: Stevia (Leaf) Market Outlook: Sales Value (in Million US$), 2022-2027
Figure 27: GCC: Stevia (Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: GCC: Stevia (Beverages) Market Outlook: Sales Value (in Million US$), 2022-2027
Figure 29: GCC: Stevia (Food) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: GCC: Stevia (Food) Market Outlook: Sales Value (in Million US$), 2022-2027
Figure 31: GCC: Stevia (Table Top Sweeteners) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: GCC: Stevia (Table Top Sweeteners) Market Outlook: Sales Value (in Million US$), 2022-2027
Figure 33: GCC: Stevia (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: GCC: Stevia (Pharmaceuticals) Market Outlook: Sales Value (in Million US$), 2022-2027
Figure 35: GCC: Stevia (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: GCC: Stevia (Others) Market Outlook: Sales Value (in Million US$), 2022-2027
Figure 37: GCC: Stevia Industry: Market Dynamics
Figure 38: GCC: Stevia Industry: Value Chain Analysis
Figure 39: GCC: Stevia Market: Porter’s Five Forces Analysis
List of Tables
Table 1: GCC: Stevia Market: Key Industry Highlights, 2021 and 2027
Table 2: GCC: Stevia Market Outlook: Segmentation by Country (in Million US$), 2022-2027
Table 3: GCC: Stevia Market Outlook: Segmentation by Extract type (in Million US$), 2022-2027
Table 4: GCC: Stevia Market Outlook: Segmentation by End Use (in Million US$), 2022-2027
Table 5: GCC: Stevia Market Structure
Table 6: GCC: Stevia Market: Key Players
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