Stevia Market size was valued at USD 799.66 Million in 2023 and the total Stevia Market revenue is expected to grow at a CAGR of 9.85% from 2024 to 2030, reaching nearly USD 1543.50 Million by 2030. Stevia is a natural sweetener, which extracted from an herbal plant species. Stevioside and Rebaudioside A are the major compounds in stevia, which provides sweetness. Stevia is a natural sweetener, which extracted from an herbal plant species. Stevioside and Rebaudioside A are the major compounds in stevia, which provides sweetness.To know about the Research Methodology :- Request Free Sample Report
COVID-19 impact on market:
COVID-19 has the potential to have three major effects on the global economy: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities following the COVID-19 dilemma.Stevia Market Dynamics
The increasing awareness about the health benefits by stevia over the sugar content is expected to drive the growth in the global stevia market. Growing consciousness about the low-calorie sweeteners, which are available in the market in artificial are expected to increase the demand for natural sweeteners like stevia. Factors like impelling the global demand of stevia are the inclination toward change in lifestyle, increasing disposable incomes, government initiatives on sinking the sugar intake and the requirement to contest health problems such as obesity and diabetes are expected to boom global stevia market. The Food and Agriculture Organization of the United Nations (FAO) and the World Health Organization (WHO) resolute pure stevia extract is harmless for consumption within the levels of acceptable. The acceptable daily intake (ADI) has been agreed at 4 mg per kilogram of body weight. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global stevia market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global stevia market.Stevia Market Segment Analysis
The powder segment is expected to grow at a high rate of CAGR during the forecast period. The powder form of the stevia is extensively used across the globe. Powdered stevia is about 250 to 350 times sweeter than sugar by the weight. The beverages segment is expected to witness high growth in the global stevia market. The growth in the market is attributed to the escalating demand for low-calorie beverages includes flavoured water, juices, energy drinks, soft drinks, and sports drinks.Regional Analysis
The Asia-Pacific market is expected to lead the global market. The country China dominates the market since it is the major exporter of stevia and has an increasing demand for the food & beverages industry in emerging markets. Additionally, stevia has an extensive acceptance in some of the countries like Japan and South Korea. Emerging economies like Thailand, Indonesia, and Malaysia are also projected to be the main markets for stevia product owing to the rising food & beverage industry. South Korea has also been the main market for stevia with increasing acceptance from consumers over a long period of time. Increasing consumer awareness and robust government support to use of organic food products are the key factors, which are expected to drive the market in this region. Data collection and base year analysis of the global market is done using data collection modules. The market data is analysed and forecasted using market statistical and comprehensible models. The market share analysis and key trend analysis are the major success factors in the market, which are covered in the report. To know more information about the report please drop down the enquiry to Maximize Market Research Private Limited.Stevia Industry Ecosystem
Stevia Market Scope: Inquire before buying
Stevia Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 799.66 Mn. Forecast Period 2024 to 2030 CAGR: 9.85% Market Size in 2030: USD 1543.50 Mn. Segments Covered: by Extract Type Whole leaf Powdered Other by Form Dry Liquid by Application Dairy Bakery & confectionery Tabletop sweeteners Beverages Convenience foods Others Stevia Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Key Players:
1. Cargill 2. Ingredion Incorporated 3. Tate & Lyle PLC 4. Purecircle Limited 5. GLG Life Tech Corporation 6. Archer Daniels Midland Company 7. Sunwin Stevia International, Inc. 8. S&W Seed Company 9. Pyure Brands LLC 10. Morita Kagakau Kogyo Co. Ltd. 11. Zhucheng Haotian Pharm Co. Ltd 12. Evolva Holding SA 13. Jining Aoxing Stevia Products Co., Ltd. 14. Sweet Green Fields LLC 15. Purevia 16. Bio sweet Ventures 17. Stevia First Corporation 18. Stevia Biotech Pvt. Ltd. 19. Jhanil Healthcare Pvt. Ltd. 20. Van Wankum Ingrediens 21. Real Stevia CompanyFrequently Asked Questions:
1. What segments are covered in Global Stevia Market report? Ans. The segments covered in Global Stevia Market report are based on Extract Type, Application and By Form. 2. Which region is expected to hold the highest share in the Global Stevia Market? Ans. North America is expected to hold the highest share in the Global Stevia Market. 3. Who are the top key players in the Global Stevia Market? Ans. Cargill,Bio sweet Ventures, Pyure Brands LLC, Stevia Biotech Pvt. Ltd and Real Stevia Company are the top key players in the Global Stevia Market. 4. What is the market size of the Global Stevia Market by 2030? Ans. The market size of the Global Stevia Market is expected to reach at USD 1543.50 Mn. by 2030. 5. What was the Global Stevia Market size in 2023? Ans. The Global Stevia Market size was USD 799.66 Mn in 2023.
1. Stevia Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Stevia Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Key Players Benchmarking 2.4.1. Company Name 2.4.2. Business Segment 2.4.3. End-user Segment 2.4.4. Growth Rate (Y-O-Y %) 2.4.5. Revenue (2023) 2.4.6. Profit Margin 2.4.7. Market Share 2.4.8. Key Development 2.5. Market Size Estimation Methodology 2.5.1. Bottom-Up Approach 2.5.2. Top-Down Approach 2.6. Stevia Industry Ecosystem 2.6.1. Key players in the Stevia Industry ecosystem 2.6.2. Role and Impact of companies in the Stevia Industry ecosystem 2.7. Market Structure 2.7.1. Market Leaders 2.7.2. Market Followers 2.7.3. Emerging Players 2.8. Mergers and Acquisitions Details 3. Stevia Market: Dynamics 3.1. Stevia Market Trends 3.2. Stevia Market Dynamics 3.2.1.1. Drivers 3.2.1.2. Restraints 3.2.1.3. Opportunities 3.2.1.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.3.1. Customer Bargaining Power 3.3.2. Supplier Bargaining Power 3.3.3. Threat of New Entrants 3.3.4. Rivalry of Competitors 3.3.5. Threat of Substitute Products 3.4. Value Chain Analysis 3.5. PESTLE Analysis 3.6. Regulatory Landscape By Region 3.6.1. Regulations Related to Stevia Market 3.6.2. Regulatory Bodies, Government Agencies, and Other Organizations 3.7. Key Opinion Leader Analysis for the Stevia Industry 3.8. Pricing Analysis 3.9. Patent Analysis 3.9.1. Key Companies with the Highest number of Patents 3.9.2. Patent Registration Analysis 3.9.3. Number of Patents Granted Still 2024 3.9.4. Legal Status of Patents Field in Stevia Market 3.10. Technology Analysis 4. Stevia Market: Global Market Size and Forecast By Segmentation (By Value in USD Bn) (2023-2030) 4.1. Stevia Market Size and Forecast, By Extract Type(2023-2030) 4.1.1. Whole leaf 4.1.2. Powdered 4.1.3. Other 4.2. Stevia Market Size and Forecast, By Form(2023-2030) 4.2.1. Dry 4.2.2. Liquid 4.3. Stevia Market Size and Forecast, By Application(2023-2030) 4.3.1. Beverage 4.3.2. Food 4.3.3. Pharmaceutical 4.3.4. Tabletop Sweeteners 4.3.5. Others 5. North America Stevia Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 5.1. North America Stevia Market Size and Forecast, By Extract Type(2023-2030) 5.1.1. Whole leaf 5.1.2. Powdered 5.1.3. Other 5.2. North America Stevia Market Size and Forecast, By Form(2023-2030) 5.2.1. Dry 5.2.2. Liquid 5.3. North America Stevia Market Size and Forecast, By Application(2023-2030) 5.3.1. Beverage 5.3.2. Food 5.3.3. Pharmaceutical 5.3.4. Tabletop Sweeteners 5.3.5. Others 5.4. North America Stevia Market Size and Forecast, By Country (2023-2030) 5.4.1. United States 5.4.1.1. United States Stevia Market Size and Forecast, By Extract Type(2023-2030) 5.4.1.1.1. Whole leaf 5.4.1.1.2. Powdered 5.4.1.1.3. Other 5.4.1.2. United States Stevia Market Size and Forecast, By Form(2023-2030) 5.4.1.2.1. Dry 5.4.1.2.2. Liquid 5.4.1.3. United States Stevia Market Size and Forecast, By Application(2023-2030) 5.4.1.3.1. Beverage 5.4.1.3.2. Food 5.4.1.3.3. Pharmaceutical 5.4.1.3.4. Tabletop Sweeteners 5.4.1.3.5. Others 5.4.2. Canada 5.4.2.1. Canada Stevia Market Size and Forecast, By Extract Type(2023-2030) 5.4.2.1.1. Whole leaf 5.4.2.1.2. Powdered 5.4.2.1.3. Other 5.4.2.2. Canada Stevia Market Size and Forecast, By Form(2023-2030) 5.4.2.2.1. Dry 5.4.2.2.2. Liquid 5.4.2.3. Canada Stevia Market Size and Forecast, By Application(2023-2030) 5.4.2.3.1. Beverage 5.4.2.3.2. Food 5.4.2.3.3. Pharmaceutical 5.4.2.3.4. Tabletop Sweeteners 5.4.2.3.5. Others 5.4.3. Mexico 5.4.3.1. Mexico Stevia Market Size and Forecast, By Extract Type(2023-2030) 5.4.3.1.1. Whole leaf 5.4.3.1.2. Powdered 5.4.3.1.3. Other 5.4.3.2. Mexico Stevia Market Size and Forecast, By Form(2023-2030) 5.4.3.2.1. Dry 5.4.3.2.2. Liquid 5.4.3.3. Mexico Stevia Market Size and Forecast, By Application(2023-2030) 5.4.3.3.1. Beverage 5.4.3.3.2. Food 5.4.3.3.3. Pharmaceutical 5.4.3.3.4. Tabletop Sweeteners 5.4.3.3.5. Others 6. Europe Stevia Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 6.1. Europe Stevia Market Size and Forecast, By Extract Type(2023-2030) 6.2. Europe Stevia Market Size and Forecast, By Form(2023-2030) 6.3. Europe Stevia Market Size and Forecast, By Application(2023-2030) 6.4. Europe Stevia Market Size and Forecast, By Country (2023-2030) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Stevia Market Size and Forecast, By Extract Type(2023-2030) 6.4.1.2. United Kingdom Stevia Market Size and Forecast, By Form(2023-2030) 6.4.1.3. United Kingdom Stevia Market Size and Forecast, By Application(2023-2030) 6.4.2. France 6.4.2.1. France Stevia Market Size and Forecast, By Extract Type(2023-2030) 6.4.2.2. France Stevia Market Size and Forecast, By Form(2023-2030) 6.4.2.3. France Stevia Market Size and Forecast, By Application(2023-2030) 6.4.3. Germany 6.4.3.1. Germany Stevia Market Size and Forecast, By Extract Type(2023-2030) 6.4.3.2. Germany Stevia Market Size and Forecast, By Form(2023-2030) 6.4.3.3. Germany Stevia Market Size and Forecast, By Application(2023-2030) 6.4.4. Italy 6.4.4.1. Italy Stevia Market Size and Forecast, By Extract Type(2023-2030) 6.4.4.2. Italy Stevia Market Size and Forecast, By Form(2023-2030) 6.4.4.3. Italy Stevia Market Size and Forecast, By Application(2023-2030) 6.4.5. Spain 6.4.5.1. Spain Stevia Market Size and Forecast, By Extract Type(2023-2030) 6.4.5.2. Spain Stevia Market Size and Forecast, By Form(2023-2030) 6.4.5.3. Spain Stevia Market Size and Forecast, By Application(2023-2030) 6.4.6. Sweden 6.4.6.1. Sweden Stevia Market Size and Forecast, By Extract Type(2023-2030) 6.4.6.2. Sweden Stevia Market Size and Forecast, By Form(2023-2030) 6.4.6.3. Sweden Stevia Market Size and Forecast, By Application(2023-2030) 6.4.7. Austria 6.4.7.1. Austria Stevia Market Size and Forecast, By Extract Type(2023-2030) 6.4.7.2. Austria Stevia Market Size and Forecast, By Form(2023-2030) 6.4.7.3. Austria Stevia Market Size and Forecast, By Application(2023-2030) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Stevia Market Size and Forecast, By Extract Type(2023-2030) 6.4.8.2. Rest of Europe Stevia Market Size and Forecast, By Form(2023-2030) 6.4.8.3. Rest of Europe Stevia Market Size and Forecast, By Application(2023-2030) 7. Asia Pacific Stevia Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 7.1. Asia Pacific Stevia Market Size and Forecast, By Extract Type(2023-2030) 7.2. Asia Pacific Stevia Market Size and Forecast, By Form(2023-2030) 7.3. Asia Pacific Stevia Market Size and Forecast, By Application(2023-2030) 7.4. Asia Pacific Stevia Market Size and Forecast, By Country (2023-2030) 7.4.1. China 7.4.1.1. China Stevia Market Size and Forecast, By Extract Type(2023-2030) 7.4.1.2. China Stevia Market Size and Forecast, By Form(2023-2030) 7.4.1.3. China Stevia Market Size and Forecast, By Application(2023-2030) 7.4.2. S Korea 7.4.2.1. S Korea Stevia Market Size and Forecast, By Extract Type(2023-2030) 7.4.2.2. S Korea Stevia Market Size and Forecast, By Form(2023-2030) 7.4.2.3. S Korea Stevia Market Size and Forecast, By Application(2023-2030) 7.4.3. Japan 7.4.3.1. Japan Stevia Market Size and Forecast, By Extract Type(2023-2030) 7.4.3.2. Japan Stevia Market Size and Forecast, By Form(2023-2030) 7.4.3.3. Japan Stevia Market Size and Forecast, By Application(2023-2030) 7.4.4. India 7.4.4.1. India Stevia Market Size and Forecast, By Extract Type(2023-2030) 7.4.4.2. India Stevia Market Size and Forecast, By Form(2023-2030) 7.4.4.3. India Stevia Market Size and Forecast, By Application(2023-2030) 7.4.5. Australia 7.4.5.1. Australia Stevia Market Size and Forecast, By Extract Type(2023-2030) 7.4.5.2. Australia Stevia Market Size and Forecast, By Form(2023-2030) 7.4.5.3. Australia Stevia Market Size and Forecast, By Application(2023-2030) 7.4.6. Rest of Asia Pacific 7.4.6.1. Rest of Asia Pacific Stevia Market Size and Forecast, By Extract Type(2023-2030) 7.4.6.2. Rest of Asia Pacific Stevia Market Size and Forecast, By Form(2023-2030) 7.4.6.3. Rest of Asia Pacific Stevia Market Size and Forecast, By Application(2023-2030) 8. South America Stevia Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 8.1. South America Stevia Market Size and Forecast, By Extract Type(2023-2030) 8.2. South America Stevia Market Size and Forecast, By Form(2023-2030) 8.3. South America Stevia Market Size and Forecast, By Application(2023-2030) 8.4. South America Stevia Market Size and Forecast, By Country (2023-2030) 8.4.1. Brazil 8.4.1.1. Brazil Stevia Market Size and Forecast, By Extract Type(2023-2030) 8.4.1.2. Brazil Stevia Market Size and Forecast, By Form(2023-2030) 8.4.1.3. Brazil Stevia Market Size and Forecast, By Application(2023-2030) 8.4.2. Argentina 8.4.2.1. Argentina Stevia Market Size and Forecast, By Extract Type(2023-2030) 8.4.2.2. Argentina Stevia Market Size and Forecast, By Form(2023-2030) 8.4.2.3. Argentina Stevia Market Size and Forecast, By Application(2023-2030) 8.4.3. Rest Of South America 8.4.3.1. Rest of South America Stevia Market Size and Forecast, By Extract Type(2023-2030) 8.4.3.2. Rest of South America Stevia Market Size and Forecast, By Form(2023-2030) 8.4.3.3. Rest of South America Stevia Market Size and Forecast, By Application(2023-2030) 9. Middle East and Africa Stevia Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 9.1. Middle East and Africa Stevia Market Size and Forecast, By Extract Type(2023-2030) 9.2. Middle East and Africa Stevia Market Size and Forecast, By Form(2023-2030) 9.3. Middle East and Africa Stevia Market Size and Forecast, By Application(2023-2030) 9.4. Middle East and Africa Stevia Market Size and Forecast, By Country (2023-2030) 9.4.1. South Africa 9.4.1.1. South Africa Stevia Market Size and Forecast, By Extract Type(2023-2030) 9.4.1.2. South Africa Stevia Market Size and Forecast, By Form(2023-2030) 9.4.1.3. South Africa Stevia Market Size and Forecast, By Application(2023-2030) 9.4.2. GCC 9.4.2.1. GCC Stevia Market Size and Forecast, By Extract Type(2023-2030) 9.4.2.2. GCC Stevia Market Size and Forecast, By Form(2023-2030) 9.4.2.3. GCC Stevia Market Size and Forecast, By Application(2023-2030) 9.4.3. Rest Of MEA 9.4.3.1. Rest Of MEA Stevia Market Size and Forecast, By Extract Type(2023-2030) 9.4.3.2. Rest Of MEA Stevia Market Size and Forecast, By Form(2023-2030) 9.4.3.3. Rest Of MEA Stevia Market Size and Forecast, By Application(2023-2030) 10. Company Profile: Key Players 10.1. Cargill 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview (Total Revenue, Segment Revenue, and Regional Revenue) 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. Ingredion Incorporated 10.3. Tate & Lyle PLC 10.4. Purecircle Limited 10.5. GLG Life Tech Corporation 10.6. Archer Daniels Midland Company 10.7. Sunwin Stevia International, Inc. 10.8. S&W Seed Company 10.9. Pyure Brands LLC 10.10. Morita Kagakau Kogyo Co. Ltd. 10.11. Zhucheng Haotian Pharm Co. Ltd 10.12. Evolva Holding SA 10.13. Jining Aoxing Stevia Products Co., Ltd. 10.14. Sweet Green Fields LLC 10.15. Purevia 10.16. Bio sweet Ventures 10.17. Stevia First Corporation 10.18. Stevia Biotech Pvt. Ltd. 10.19. Jhanil Healthcare Pvt. Ltd. 10.20. Van Wankum Ingrediens 10.21. Real Stevia Company 11. Key Findings 12. Analyst Recommendations 12.1. Attractive Opportunities for Players in the Stevia Market 12.2. Future Outlooks 13. Stevia Market: Research Methodology
