Stevia Extract and Stevia Products Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 4.2 Billion by 2030, growing at a CAGR of 15.3% from 2024 to 2030.
Between 2018 and 2022, the stevia extract and stevia products market experienced notable growth, driven by increasing consumer demand for natural, low-calorie sweeteners. This period saw a significant rise in the adoption of stevia across various sectors, including food and beverages, pharmaceuticals, and personal care products. The market’s expansion was further propelled by heightened health consciousness and a global shift towards reducing sugar intake.
According to industry reports, the global stevia market was valued at approximately USD 780 million in 2021, with projections indicating a reach of USD 1,621 million by 2029, reflecting a compound annual growth rate (CAGR) of 9.6% during this period. This upward trajectory underscores the growing acceptance and integration of stevia into mainstream products.
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Looking ahead, from 2023 to 2033, the demand for stevia extract and related products is anticipated to surge even further. Factors contributing to this projected growth include:
- Continued consumer preference for natural and plant-based sweeteners.
- Expansion of stevia applications in emerging markets.
- Ongoing research and development leading to improved stevia formulations.
- Supportive regulatory frameworks promoting the use of natural sweeteners.
Market analyses forecast that by 2033, the global stevia market could reach up to USD 1,478.6 million, with a CAGR of 6.73% from 2025 to 2033. This growth is expected to be driven by innovations in product development and an increasing number of product launches in the food and beverage industry.
In my personal experience, I’ve observed a significant increase in the availability of stevia-based products on store shelves and in restaurants. This trend reflects a broader consumer movement towards healthier alternatives and a growing awareness of the benefits associated with natural sweeteners like stevia.
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Who are the largest Global manufacturers in the Stevia Extract and Stevia Products industry?
- Coca Cola
- Pepsi Company
- Zevia
- Hartwall
- Del Monte Food Corporation
- Sweetal
- Barry Callebaut
- Arla
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Stevia Extract and Stevia Products Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Stevia Extract and Stevia Products Market
- Supermarket
- Convenience Store
- Online Stores
What are the types of Stevia Extract and Stevia Products available in the Market?
Based on Types the Market is categorized into Below types that held the largest Stevia Extract and Stevia Products market share In 2023.
- Beverage
- Nutrition
- Confection & Baked Goods
- Dairy
- Dietary Supplements
- Feed
Which regions are leading the Global Stevia Extract and Stevia Products Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Stevia Extract and Stevia Products Market Research Report, 2024-2032
1. Introduction of the Global Stevia Extract and Stevia Products Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Stevia Extract and Stevia Products Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Stevia Extract and Stevia Products Market, By Type
6. Global Stevia Extract and Stevia Products Market, By Application
7. Global Stevia Extract and Stevia Products Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Stevia Extract and Stevia Products Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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