Stevia Market Dynamics, Share Analysis, Trends, and Forecast 2024-2032

ByRavinder Ahlawat
Stevia Market

The latest report by IMARC Group, titled “Stevia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” offers a comprehensive analysis of the stevia market dynamics. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The global stevia market size reached US$ 763.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,438.3 Million by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032.

Stevia Market Overview:

Stevia is a natural sweetener derived from the leaves of the Stevia rebaudiana plant, native to South America. Recognized for its potent sweetness, stevia is increasingly popular in food and beverage applications as a zero-calorie alternative to sugar. The primary active compounds, steviol glycosides, including stevioside and rebaudioside A, are responsible for their sweetness, which can be up to 300 times sweeter than sugar. Stevia is available in various forms, such as powdered, liquid, and raw leaf extract, catering to a broad range of consumer and manufacturing needs. The advantages of stevia extend beyond its low-caloric profile; it also offers the benefits of being non-glycemic, making it suitable for diabetic diets, and does not contribute to dental cavities, which adds to its appeal in health-conscious markets.     

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Global Stevia Market Trends:

The global market is driven by the rising demand for low-calorie sweetener options amid increasing health awareness among consumers worldwide. This trend is further amplified by the growing prevalence of obesity and diabetes, which encourages consumers to seek out natural sugar alternatives that contribute to a healthier lifestyle without sacrificing taste. Along with this, the clean label movement, which favors ingredients that are natural and organically sourced, also plays a crucial role in propelling the popularity of stevia. In addition, advancements in agronomy and extraction techniques have improved the quality and taste profile of stevia, enhancing its adoption in mainstream food and beverage products. Regulatory approvals across numerous countries have broadened its market reach, allowing global food and beverage manufacturers to incorporate stevia into their product lines effectively. With ongoing product innovation and expanded applications, the stevia market is growing, meeting the demands of a health-conscious consumer base seeking sustainable and natural sweetening solutions. 

Competitive Landscape with Key Players:

  • Archer-Daniels-Midland Company
  • Cargill Incorporated
  • GLG Life Tech Corporation
  • Guilin Layn Natural Ingredients Corp.
  • Hunan NutraMax Inc.
  • Ingredion Incorporated
  • Morita Kagaku Kogyo Co. Ltd.
  • Pyure Brands LLC
  • Sunwin Stevia International Inc
  • Tate & Lyle PLC
  • The Real Stevia Company AB
  • Wisdom Natural Brands
  • Zhucheng Haotian Pharm Co. Ltd.

Key Market Segmentation:

Breakup by Extract Type:

  • Powder
  • Liquid
  • Leaf

Breakup by End Use:

  • Beverages
  • Food Products
  • Table Top Sweeteners
  • Pharmaceuticals
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Why Choose IMARC Research Report:

  • Strong Market Research Expertise
  • Targeted Marketing Strategies
  • Innovative Solutions
  • Comprehensive Analysis
  • Accuracy and Reliability
  • Provides Insightful Forecasts
  • Available Customization Options
  • Strong Customer Service

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.

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