The North America Stevia Beverages Market is expected to witness market growth of 7.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $101.62 millions by 2031. The Canada market is experiencing a CAGR of 10.2% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 9.3% during 2024-2031.
The stevia beverages market is experiencing significant growth as consumers increasingly seek healthier, low-calorie alternatives to traditional sugar-sweetened drinks. With rising concerns about obesity, diabetes, and other lifestyle-related diseases, there is a strong demand for natural sweeteners that provide the same level of sweetness as sugar but without the associated health risks. Among the various sugar substitutes available in the market, stevia has emerged as one of the most preferred choices due to its plant-based origin, zero-calorie nature, and recognized health benefits.
As consumers become more conscious about their dietary habits, beverage manufacturers incorporate stevia into their formulations to offer healthier drink options without compromising taste. This shift is further driven by increasing government regulations on sugar consumption, technological advancements in sweetener formulations, and the rapid expansion of retail and e-commerce channels.
In Canada, government regulations on sugar reduction and the imposition of sugar taxes have played a crucial role in the increased adoption of stevia-sweetened beverages. Canadian consumers are becoming more label-conscious, preferring beverages with natural ingredients and fewer additives. Major beverage manufacturers are responding by reformulating their soft drinks, iced teas, and plant-based milk alternatives with stevia to align with these policies. Additionally, Canada's rising trend of vegan and organic diets has further fueled interest in natural and plant-based sweeteners, pushing stevia beverages into mainstream consumption. As a result of the increasing demand for organic and clean-label products, the proliferation of online retail platforms, and ongoing health awareness campaigns, stevia beverages will become a popular choice across North America in the years ahead.
The US market dominated the North America 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 $101.62 millions by 2031. The Canada market is experiencing a CAGR of 10.2% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 9.3% during 2024-2031.
The stevia beverages market is experiencing significant growth as consumers increasingly seek healthier, low-calorie alternatives to traditional sugar-sweetened drinks. With rising concerns about obesity, diabetes, and other lifestyle-related diseases, there is a strong demand for natural sweeteners that provide the same level of sweetness as sugar but without the associated health risks. Among the various sugar substitutes available in the market, stevia has emerged as one of the most preferred choices due to its plant-based origin, zero-calorie nature, and recognized health benefits.
As consumers become more conscious about their dietary habits, beverage manufacturers incorporate stevia into their formulations to offer healthier drink options without compromising taste. This shift is further driven by increasing government regulations on sugar consumption, technological advancements in sweetener formulations, and the rapid expansion of retail and e-commerce channels.
In Canada, government regulations on sugar reduction and the imposition of sugar taxes have played a crucial role in the increased adoption of stevia-sweetened beverages. Canadian consumers are becoming more label-conscious, preferring beverages with natural ingredients and fewer additives. Major beverage manufacturers are responding by reformulating their soft drinks, iced teas, and plant-based milk alternatives with stevia to align with these policies. Additionally, Canada's rising trend of vegan and organic diets has further fueled interest in natural and plant-based sweeteners, pushing stevia beverages into mainstream consumption. As a result of the increasing demand for organic and clean-label products, the proliferation of online retail platforms, and ongoing health awareness campaigns, stevia beverages will become a popular choice across North America in the years ahead.
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
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Stevia Beverages Market by Distribution Channel
Chapter 5. North America Stevia Beverages Market by Application
Chapter 6. North America Stevia Beverages Market by Type
Chapter 7. North America Stevia Beverages Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- PepsiCo, Inc.
- STEAZ
- The Coca Cola Company
- Zevia, LLC
- Nestle S.A.
- AriZona Beverages Company LLC
- Hint Water, Inc.
- Polar Beverages, Inc.
- Green Cola
Methodology
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