HS Code:
Rebaudioside M (CAS No. 1220616-44-3), classified under HS Code 2938.90.00, is a high-purity steviol glycoside derived from the Stevia rebaudiana plant. It is used as a natural, zero-calorie sweetener in the food and beverage industry, offering a clean, sugar-like taste with minimal bitterness compared to other stevia extracts. This compound is particularly valued for its high sweetness intensity and stability in various applications, making it a popular choice for sugar replacement in health-conscious markets. Global trade in Rebaudioside M is driven by increasing demand for natural sweeteners amid rising health concerns over artificial sweeteners and sugar consumption.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
Estimated from industry reports and trade databases like UN Comtrade and ITC Trade Map
$60 million USD
40% of total trade of total trade
Increasing
$30 million USD
20% of total trade of total trade
Stable
$20 million USD
13% of total trade of total trade
Increasing
$15 million USD
10% of total trade of total trade
Stable
$10 million USD
7% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
10% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Rising demand for natural sweeteners
Increased imports of Rebaudioside M in North America and Europe due to consumer preference for healthier alternatives to sugar and artificial sweeteners
2021-2023
Technological advancements in extraction
Improved production efficiency and purity levels have lowered costs, boosting trade volumes from key exporters like China and Malaysia
2020-2022
Regulatory approvals in new markets
Expansion of approved use in countries like India and Brazil has opened new trade routes and increased global demand
2022
The European Food Safety Authority (EFSA) updated its guidelines to include Rebaudioside M as an approved sweetener, aligning with global standards.
March 2023
Expected to increase EU imports by 15-20% over the next two years as manufacturers reformulate products.
Major Chinese stevia producers announced investments in new processing facilities to meet growing global demand for Rebaudioside M.
July 2022
Likely to solidify China’s position as the leading exporter, potentially lowering global prices due to increased supply.
The US Trade Representative granted temporary tariff exemptions on certain natural sweeteners, including steviol glycosides, under HS 2938.90.00.
December 2022
Facilitates higher import volumes from key suppliers like Paraguay and Malaysia, benefiting US food manufacturers.