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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Stevia Market Analysis
The rising health concern and consumer awareness about drinks with high sugar content is increasing the stevia market size as consumers are seeking low-calorie alternatives. The rising demand for dietary food is aiding the high-intensity natural sweetener industry leading to the higher utilisation of steviol glycosides. The trend towards health and wellness has also led to a growth in the demand for natural sweeteners over artificial sweetener, particularly for the natural sweeteners derived from the stevia plant.
The global stevia market share is also increasing due to the increasing number of food and beverage companies seeking to reduce sugar in their products due to the rising consumer demand for healthier products along with schemes by various governments like levies on sugar and sugary products. The growing innovations taking place in the applications sectors of stevia, especially in the sports and energy drinks sector are further aiding the global stevia market growth.
The global stevia market is finding further impetus for its growth in its growing application in the non-food sectors as well. The pharmaceutical sector, especially, is emerging as a fast-growing application sector for stevia. It is also finding growing uses in the health and beauty segments where it is used in toothpaste and health supplements as a sweetener.
Stevia Market Report Snapshots
Stevia Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global stevia market attained a value of nearly USD 843.19 million.
The market is projected to grow at a CAGR of 10.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 2114.51 million by 2032.
The major drivers of the market are rising disposable incomes, the increasing number of food and beverage companies, schemes by various governments, and growing innovations taking place in the applications of stevia.
The key market trend guiding the growth of the stevia market include increasing health concern and consumer awareness about drinks with high sugar content and rising demand for dietary food.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Powder, liquid, and leaf are the major extract types of stevia in the market.
Beverages, food products, tabletop sweeteners, and pharmaceuticals, among others are the significant end uses of stevia.
The major players in the market are Layn Corp., Cargill, Incorporated, ADM, Ingredion Incorporated, Tate & Lyle, GLG Life Tech Corporation, Pyure Brands LLC, Sunwin Stevia International Inc, Steviva Brands, Inc., Zhucheng Haotian Pharm Co., Ltd. (“HOWTIAN”), MORITA KAGAKU KOGYO CO., LTD., Wisdom Natural Brands, SweeGen, Inc, Hunan NutraMax Inc., and The Real Stevia Company, among others.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124