Food And Beverages

Global Stevia Market Outlook, Opportunities And Strategies

November 5, 2021 by The Business Research Company

Learn about the global stevia market through The Business Research Company, which provides information on stevia market size, stevia market drivers and restraints, stevia market players, the COVID-19 impact on the stevia market, and more.

The global stevia market is expected to grow from $604.50 million in 2020 to $675.22 million in 2021 at a compound annual growth rate (CAGR) of 11.7%. The growth of the stevia market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The stevia market is expected to reach $996.96 million in 2025 at a CAGR of 10.2%.

The rising prevalence of diabetes and obesity is expected to drive stevia manufacturing, thus driving the market during the forecast period.

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The stevia market consists of the sales of stevia products by entities (organizations, sole traders, and partnerships) that are used as a natural sweetener for food and beverages. Stevia is a non-nutritive or zero-calorie sugar substitute made of steviol glycosides from the leaves of the stevia plant. It has no artificial ingredients and can be used as a natural sugar alternative to reduce calorie consumption.

Global stevia market segments include:

By Product: Powder, Liquid, Leaf

By Nature: Organic, Conventional

By Application: Bakery, Dairy Food Products, Beverages, Dietary Supplements, Confectionery, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the stevia market in 2020

The development of innovative product variants of stevia is a key trend gaining popularity in the stevia market. Major companies in the market are shifting towards product innovations to strengthen their position in the market and expand their product portfolios. Successful invention fosters additional development, allowing the company to scale and flourish while also ensuring that it meets the needs of its customers.

TBRC’s stevia market report covers:

Major Market Players: GLG Life Tech Corp., Ingredion Incorporated, Tate & Lyle PLC, The Coca-Cola Company, PepsiCo Inc., Cargill Inc., Evolva Holding S.A., Stevia Corp., ADM, PureCircle Ltd., Sweet Green Fields LLC, Biosweet Ventures, Shandong Aojing Biotechnology Co. Ltd., Sunrise Nutrachem Group Co.Ltd, and Hunan Nutramax Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Stevia Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides stevia market overviews, analyzes and forecasts market size, share, stevia market players, stevia market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s stevia market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here is a list of similar reports from The Business Research Company:

Sugar Substitutes Global Market Report 2021

Functional Foods Global Market Report 2021

Functional Beverages Global Market Report 2021

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