Stevia - Global Strategic Business Report

The global market for Stevia was estimated at US$714.8 Million in 2023 and is projected to reach US$1.1 Billion by 2030, growing at a CAGR of 6.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Why Is Stevia Gaining Momentum in the Sweetener Market?

Stevia, a natural, zero-calorie sweetener derived from the Stevia rebaudiana plant, is becoming increasingly popular as consumers seek healthier alternatives to sugar. With growing concerns about obesity, diabetes, and other sugar-related health issues, stevia offers a compelling solution for reducing sugar intake without sacrificing sweetness. The food and beverage industry is rapidly adopting stevia as a key ingredient in products such as soft drinks, baked goods, and confectionery. Its plant-based origin also appeals to consumers looking for clean-label and natural products, further driving its growth in the global sweetener market.

How Is Stevia Being Integrated into Food and Beverage Products?

Stevia is finding applications across a broad range of food and beverage products, with companies leveraging its sweetening power to create healthier versions of their offerings. Beverages, particularly carbonated drinks and flavored waters, have been early adopters of stevia, driven by the demand for sugar-free and low-calorie options. Dairy products, including yogurts and ice creams, are also incorporating stevia to provide a balanced taste without the added sugars. Technological advancements have led to the creation of stevia blends that address taste issues such as bitterness, making it easier for manufacturers to maintain product quality and flavor while reducing sugar content.

Which Market Segments Are Leading the Stevia Industry?

Types include liquid extracts, powdered extracts, and whole leaf stevia, with powdered extracts being the most widely used due to their versatility in formulation. Applications of stevia span beverages, bakery, confectionery, and dairy, among others with beverages accounting for the largest market share due to the growing trend toward sugar-free drinks. End-use industries include food and beverages, pharmaceuticals, and personal care, with food and beverages being the dominant segment. Geographically, North America and Asia-Pacific are leading markets for stevia, driven by consumer demand for natural sweeteners and regulatory support for sugar reduction initiatives.

What Is Driving the Growth of the Stevia Market?

The growth in the stevia market is driven by several factors, including increasing demand for natural and zero-calorie sweeteners, rising health concerns related to sugar consumption, and technological advancements in stevia extraction and formulation. The growing trend toward clean-label products, along with the demand for sugar reduction in processed foods and beverages, is fueling the adoption of stevia. Additionally, the expanding applications of stevia in pharmaceuticals, personal care, and dietary supplements are creating new growth opportunities. The development of stevia blends that address taste challenges and the rising popularity of stevia in emerging markets are further driving the growth of the stevia market.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Beverages Application segment, which is expected to reach US$439.0 Million by 2030 with a CAGR of a 7.2%. The Dairy Application segment is also set to grow at 7.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, which was valued at $189.5 Million in 2023, and China, forecasted to grow at an impressive 11.2% CAGR to reach $277.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Stevia Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Stevia Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Stevia Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Archer Daniels Midland Company, Biosweet Ventures, Cargill, Inc., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 41 Featured):

• Archer Daniels Midland Company
• Biosweet Ventures
• Cargill, Inc.
• Evolva Holding SA
• GLG Life Tech Corporation
• Ingredion, Inc.
• Jhanil Healthcare Pvt. Ltd. (Zindagi)
• Jining Aoxing Stevia Products Co., Ltd.
• Merisant Company
• Morita Kagaku Kogyo Co., Ltd.
• PureCircle Ltd.
• Pyure Brands LLC
• S&W Seed Company
• Stevia Biotech Pvt. Ltd.
• Stevia Corp.
• Stevia First Corporation
• Stevial Sarl
• SteviaOne SA
• Sunwin Stevia International, Inc.
• Sweet Green Fields, LLC
• Tate & Lyle PLC
• The Real Stevia Company AB
• Van Wankum Ingrediens
• Zhucheng Haotian Pharm Co., Ltd.