LAMEA Stevia Beverages Market Size, Share & Trends Analysis Report By Distribution Channel, By Application, By Type (Powder, Liquid, and Other Type), By Country and Growth Forecast, 2024 - 2031

The Latin America, Middle East and Africa Stevia Beverages Market is expected to witness market growth of 11.4% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Stevia Beverages Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $8.88 millions by 2031. The Argentina market is registering a CAGR of 12.2% during 2024-2031. Additionally, the UAE market would witness a CAGR of 10.3% during 2024-2031.



The plant-based movement has further accelerated the demand for natural sweeteners as consumers prioritize sustainability and transparency in food and beverage ingredients. Stevia, requiring less water and land than sugarcane, aligns with eco-conscious values, leading to its widespread adoption of plant-based drinks. Companies producing dairy-free alternatives like Ripple Foods and Silk Almond Milk use stevia to provide natural sweetness without added sugars, appealing to health-conscious buyers. As more brands shift toward natural formulations, stevia is solidifying its place as a leading plant-based sweetener, ensuring continued expansion across multiple beverage categories.

The adoption of stevia in the alcoholic beverage industry is growing as consumers seek low-calorie and sugar-free alternatives to traditional high-sugar drinks. With the rise of health-conscious drinking trends, many people are opting for low-carb and keto-friendly alcoholic options, making stevia a preferred natural sweetener in hard seltzers, cocktails, and flavored spirits. Popular brands like White Claw, Truly, and Bon & Viv use stevia to maintain a sweet taste without added sugars, catering to consumers who want refreshing, guilt-free beverages.

In South Africa, the retail industry is critical in promoting stevia-based beverages. Leading supermarket chains are expanding their sugar-free and diabetic-friendly drink offerings, making stevia-infused soft drinks, iced teas, and flavored waters more accessible to consumers. With a growing middle-class population concerned about obesity and lifestyle diseases, beverage manufacturers are responding with affordable, plant-based alternatives to traditional sugary drinks. South Africa’s dynamic herbal beverages market has also begun incorporating stevia into rooibos and botanical-based drinks, appealing to local and global health-conscious consumers. Thus, the stevia beverages market in LAMEA is poised for sustained growth, offering unparalleled opportunities for manufacturers to cater to the region’s diverse and evolving demands.

List of Key Companies Profiled

• PepsiCo, Inc.
• STEAZ
• The Coca Cola Company
• Zevia, LLC
• Nestle S.A.
• AriZona Beverages Company LLC
• Hint Water, Inc.
• Polar Beverages, Inc.
• Green Cola

Market Report Segmentation

By Distribution Channel

• Hypermarket & Supermarket
• Convenience stores
• Ecommerce
• Independent retailers
• Other Distribution Channel

By Application

• Soft Drinks
• RTD Tea & Coffee
• RTD Juice
• Sports Drinks
• Other Application

By Type

• Powder
• Liquid
• Other Type

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA