Stevia Market

SKU: DMFB58 | Last Updated On: Oct 06 2022 | Available Formats

> Global Stevia Market Expected to reach a high CAGR of 6% during the forecast period 2022-2029: DataM Intelligence

Global Stevia Market is segmented By Form (Liquid, Powder, Leaf), By Application Type (Beverages, Food Products), By Extract (Crude extract, Highly Pure Extract), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[150 Pages Report] Stevia Market is expected to grow at a CAGR of 6% during the forecast period 2022-2029.

Stevia Market - Strategic Insights

Metrics

Details

Market CAGR

6%

Segments Covered

By Form, By Application Type, By Extract and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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  • Stevia is a natural sweetener extracted from a herbal plant species called Stevia Rebaudiana. Stevia contains rebaudioside-A and stevioside, which are responsible for imparting a high degree of sweetness.

Industry Outlook

  • The high degree of sweetness coupled with no side effects is one of the prime reasons for the growth of the market. Moreover, in South American countries like Paraguay and Brazil, people have used their leaves for hundreds of years. Besides sweetening the food, the leaves were traditionally used to treat burns, stomach problems, other ailments, etc.

  • These properties are expected to help drive consumption of the stevia market during the forecast period.

  • The growing awareness about the health benefits of stevia over sugar has led to the global increase in its demand because of which it is now commercially grown across the globe.

  • As most of the low-calorie sweeteners available in the market are artificial, the demand for natural sweeteners like stevia has further expanded.

  • Other factors influencing the global demand for stevia are lifestyle changes, growing disposable income, awareness about maintaining good health, government initiatives on reducing sugar intake, and the need to combat health problems like obesity and diabetes

Market Segmentation

  • Based on the Extract Type, the global stevia market is bifurcated into Liquid, Leaf, and Powder. Among all others, Powder stevia dominated the market due to its flexibility in storage, packaging, and transportation. Stevia extract powders vary in taste, sweetness, and cost based on their degree of refinement and the quality of the stevia plant. Some of the powder stevia extracts have more aftertaste than the others.

  • These properties are estimated to help drive the global stevia market during the forecast period.

  • Furthermore, the stevia market is segmented based on end-users such as Food and Beverage industry, Pharmaceutical Sector, and Others. Among all others, the Food sector dominated the market. The demand for stevia is majorly driven by the growth of the food industry across developing regions such as North America and South America.

  • Moreover, demand for stevia in the food sector is increasing the need for low-calorie food for daily consumption. Owing to Growing consumer awareness about the value of a low glycemic diet is driving the market for stevia and stevia-based products.

Global Market Share

  • Geographically, the global stevia market has been segmented into North America, Asia-pacific, Europe, South America, and RoW. Among all the regions, North America has dominated the market followed by South America where demand for natural sweeteners made from herbs is growing robustly especially in food and beverages.

  • Further, the launch of new products containing stevia by food and beverage

  • manufacturers will drive market growth during the forecast period

FAQ

What is the Stevia Market growth?

The market is growing at a CAGR of 6%.

What is Stevia Market size in 2021

The Stevia Market size was valued at USD YY million in 2021.

Who are the key players in Stevia Market?

DSM, PureCircle, GLG Tech/Cargill, Tate & Lyle, ADM, Evolva Holding SA, Ingredion Incorporated, Sunwin Stevia.

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