GCC Stevia Market Overview:
The GCC Stevia Market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028 reaching US$ XX Billion by 2028. Stevia is a natural sweetener that is widely extracted from the Stevia Rebaudiana plant. It is a food additive that is sweeter than table sugar. It is a natural alternative to artificial sweeteners that is calorie-free and generally used to sweeten a wide variety of foods and beverages, including coffee, tea, smoothies, yogurt, cereals, and baked goods. It provides numerous health benefits, such as reduced blood pressure and improved blood sugar control, making it an excellent option for diabetic patients. It is a good source of antioxidants that aids in protecting against inflammation and free radical damage. Apart from this, it is known to have a beneficial effect on gut bacteria that helps in improving digestion. It is available in many forms, including liquid, powder, and granular, and in a variety of flavors, such as mint, cinnamon, and chocolate.
The market in GCC is majorly driven by the rising health consciousness among the masses. This can be supported by the escalating number of individuals suffering from diabetes and obesity and the growing awareness regarding the negative health effects of sugar. This has encouraged numerous leading manufacturers to produce low-calorie variants of food for their consumers to strengthen their market position. Coupled with this, the widespread adoption of sweeteners in bakery food products for enhancing their flavor and increasing the product’s shelf life is providing thrust to the market. In addition, increasing investments in research and development (R&D) activities to enhance stevia's medicinal and herbal properties are acting as another growth-inducing factor. Moreover, the accelerating demand of the masses for clean labels or natural food products is creating a positive market outlook. Furthermore, the easy product availability via online and offline organized distribution channels and the advent of home delivery models are significantly supporting the product demand on the global level. Some of the other factors driving the market include the changing dietary patterns and shifting lifestyle preferences.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC stevia market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC stevia market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC stevia market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC stevia market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC stevia market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC stevia market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC stevia market industry. Furthermore, the value chain analysis of the GCC stevia market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Stevia Market Segment Insights:
The GCC stevia market has been analysed as followed:
Segmentation by Extract Type:
Segmentation by End-Use:
Segmentation by Country:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
Competative Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Stevia Market Report:
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$), 2017-2022
Figure 2: Global: Stevia Market: Segmentation by Region (in %), 2022
Figure 3: Global: Stevia Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 4: GCC: Stevia Market: Sales Value (in Billion US$), 2017-2022
Figure 5: GCC: Stevia Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 6: GCC: Stevia Market: Segmentation by Country (in %), 2022
Figure 7: GCC: Stevia Market: Segmentation by Extract type (in %), 2022
Figure 8: GCC: Stevia Market: Segmentation by End Use (in %), 2022
Figure 9: Saudi Arabia: Stevia Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Saudi Arabia: Stevia Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 11: United Arab Emirates: Stevia Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: United Arab Emirates: Stevia Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 13: Qatar: Stevia Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Qatar: Stevia Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 15: Kuwait: Stevia Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Kuwait: Stevia Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 17: Oman: Stevia Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Oman: Stevia Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 19: Bahrain: Stevia Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Bahrain: Stevia Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 21: GCC: Stevia (Powder) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: GCC: Stevia (Powder) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 23: GCC: Stevia (Liquid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: GCC: Stevia (Liquid) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 25: GCC: Stevia (Leaf) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: GCC: Stevia (Leaf) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 27: GCC: Stevia (Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: GCC: Stevia (Beverages) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 29: GCC: Stevia (Food) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: GCC: Stevia (Food) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 31: GCC: Stevia (Table Top Sweeteners) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: GCC: Stevia (Table Top Sweeteners) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 33: GCC: Stevia (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: GCC: Stevia (Pharmaceuticals) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 35: GCC: Stevia (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: GCC: Stevia (Others) Market Outlook: Sales Value (in Million US$), 2023-2028
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, 2022 and 2028
Table 2: GCC: Stevia Market Outlook: Segmentation by Country (in Million US$), 2023-2028
Table 3: GCC: Stevia Market Outlook: Segmentation by Extract type (in Million US$), 2023-2028
Table 4: GCC: Stevia Market Outlook: Segmentation by End Use (in Million US$), 2023-2028
Table 5: GCC: Stevia Market Structure
Table 6: GCC: Stevia Market: Key Players
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