Stevia Price Trend and Forecast

Regional Market Overview

Get the latest insights on price movement and trend analysis of Stevia in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Stevia Price Trend for the Second Half of 2023

The stevia prices were observed to be growing throughout the said period of H2 of 2023. There are several factors adding to stevia’s growing popularity in the sweetener industry. Primarily, its plant-based origin gives it a strong edge over other cheaper but artificial sweeteners. Second is its nonnutritive nature, which means it has no calories or carbohydrates. This makes it a perfect and popular choice among diabetic and prediabetic people as well. Stevia is around 200- 400 times sweeter than the common sugar, and thus, little goes a very long way.

Stevia Price Chart

Stevia Price Trends


Please Login or Subscribe to Access the Stevia Price Chart Data
 

So, with the healthcare industry flourishing globally and people taking a keen interest in healthier diet options and alternatives. The stevia demands have been surging throughout the concerned period. Not just the end consumer demands but the industrial demands as well. Since the various health attributes of stevia make for good marketing campaigns, many food and beverage companies are coming up with stevia-based products. Overall, a very positive market sentiment was experienced.

Analyst Insight

According to Procurement Resource, the market projections for Stevia look very positive for the coming months. With the inclined demand trajectory, the prices are also expected to rise along.

Stevia Price Trend for the First Half of 2023

Asia

Stevia had a very mixed price run in the first half of 2023, as the prices fluctuated toward the lower end of the curve. The bearish yet consistent demands from the downstream sectors kept the Stevia market afloat. Stevia prices averaged at approximately 56815 USD/MT (RA 95, FOB) in the Chinese domestic market. The year started at around 58250 USD/MT (RA 95, FOB China) and averaged around 56224 USD/MT (RA 95, FOB China) in June’23. With an almost static curvature, Stevia observed low swinging price trend.

Europe

Just like its Asian counterpart, the European Stevia market, too, recorded an almost flattened curve in the first half of 2023. Owing to the slow but consistent supply-demand dynamics, the price trend for Stevia almost remained static. Stevia prices went from around 62000 USD/MT (RA 95, FOB Germany) in January to around 59971 USD/MT (RA 95, FOB Germany) in June’23.

North America

The North American market behaved no differently than the global markets for Stevia in H1 2023. The prices continued downward for most of H1’23, only to gain a little push in the last month of the second quarter. The contract prices of Stevia went from around 66000 USD/MT (RA 95, CIF) in January to around 64383 USD/MT (RA 95, CIF) in June’23.

Analyst Insight

According to the Procurement Resource, the stevia prices are expected to incline slightly in the upcoming quarter. As the demand projections appear to be improving, the stevia market is expected to remain afloat.

Stevia Price Trend for the Second Half of 2022

Asia

Asia witnessed mixed price trend for Stevia in the second half of 2022. The prices fell for most of the discussed period, but a slight positive change was observed from August to September in the Indian market. The monsoon season raised the procurement costs impacting the stevia prices momentarily, but the overall trend were muted. The dipping trend were mostly attributed to the feeble demands posed by the downstream pharma and sweetening sectors.

Europe

Stevia prices in Europe followed a fluctuating pattern, almost wavering on the lower curve. As subdued Europe expressed bearish demands; the prices didn’t get any chance of revival. Port congestions and supply curtailments further pushed the prices down. A feverish rise from the German market in November was seen, given the rising upstream costs because of the heightened gas consumption. Overall, the prices remained downward facing for most of H2’23.

North America

The US domestic market mimicked the global price trend for Stevia. Prices rose initially in the third quarter, but the prices started fluctuating on the lower end of the curve during the later months. The market demands kept sluggish, keeping the stevia prices stagnant. Port congestions posed hurdles in procurement, and feeble offtakes contributed greatly to the dull price sentiments.

Analyst Insight

According to Procurement Resource, the price trend for Stevia are expected to decline in the coming months. The demand projections do not seem promising, which, coupled with procurement hurdles, will likely impact the stevia market.

Stevia Price Trend For the First Half of 2022

Despite the continuing geopolitical turbulence, the natural sweetener market kept strong. The robust demand from the food & beverage and dietary supplement market kept the stevia prices from falling amid the severe supply constraints and complex logistics. The heightened freight charges, along with port congestion, further caused the prices to swell with minor fluctuations.

Stevia prices in the Chinese domestic market went from 62880 USD/MT in January to 62199.14 USD/MT in June 2022. In the USA, the stevia prices averaged 68240.36 USD/MT towards the end of the second quarter. The exact pricing patterns continued in the European region despite being the most hard-hit region owing to the Russia-Ukraine conflict. Stevia prices in Germany averaged 64854.82 USD/MT towards the end of said period.

Analyst Insight

According to Procurement Resource, Stevia's prices will likely remain strong in the coming quarter. Despite the new production entering the market and the opening of ports, the prices are expected to undergo minor fluctuations, given the bubbling downstream demand.

Procurement Resource provides latest prices of Stevia. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Please Login or Subscribe to explore our dashboard.

About

Stevia is known as a sweetener and sugar substitute which is extracted or obtained from the leaves of the plant species Stevia rebaudiana, native to Brazil and Paraguay. It serves as an artificial sweetener with zero calories and thus, is widely used to manufacture soft drinks.

Coca-Cola, the beverage giant, launched stevia-sweetened beverages, such as Coca-Cola Life and others. Steviol glycosides (primarily stevioside and rebaudioside) are the active compound of stevia and contains about 30 to 150 times the sweetness of sugar.

Product Details

Report Features Details
Product Name Stevia
Industrial Uses Artificial sweeteners, Adhesive, Oral care, Pharmaceuticals
HS Code 293890
Forms of Stevia: Stevioside: 57817-89-7, Rebaudioside A: 58543-16-1, Other Rebaudiosides (B, C, D, E, F), Dulcoside A, Rubusoside, Steviol (Aglycone), Steviolbioside
Supplier Database Ingredion Incorporated, PureCircle Limited, GLG Life Tech Corporation, Cargill, Incorporated, Archer Daniels Midland Company, Tate & Lyle PLC, Sunwin Stevia International, Inc
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Process

  • Production of Stevia via Water Extraction Process

In order to produce Stevia, dry leaves of the stevia plant are immersed in hot water to obtain steviol glycosides, the active compound of Stevia. The obtained steviol glycosides are filtered and crystallised for further use.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Related News

Table Of Contents

Our Clients

client-image

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.