Stevia Market Overviews
Stevia Market size was valued at USD 780 Mn. in 2023 and the total Stevia Market size is expected to grow at a CAGR of 12.53% from 2024 to 2030, reaching nearly USD 1751 Mn. by 2030.
Stevia is a natural sweetener and sugar substitute extracted from the leaves of the Stevia rebaudiana plant species. Renowned for its intensely sweet flavor, stevia derives its sweetness from compounds known as steviol glycosides found in the leaves. It is commonly used as a sugar alternative in various food and beverage products and is often promoted as a healthier choice due to its zero-calorie content and reduced effect on blood sugar levels compared to traditional sugar.
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Stevia Market Scope and Methodology:
Innovations and product developments have played a crucial role in shaping the stevia market, fueling growth and diversification. Breakthroughs in extraction techniques, enhanced purity levels, and broader applications within the food and beverage industries have driven market expansion. These advancements have not only increased the availability of high-purity stevia extracts but also reduced production costs, positioning stevia as a more economically viable sweetener compared to traditional options like sugar.
Stevia Market Regional Insights
North America holds a significant share, approximately XX% of the global stevia market, driven by increasing consumer preference for natural sweeteners and stringent regulations favouring low-calorie alternatives. The United States, as a major consumer, influences market growth through expanded product availability in beverages and packaged foods.
SteviaMarket Segmentation
In the stevia market, the Stevia Extracts segment is the leading category, featuring a range of stevia leaf extracts with varying levels of purification. Reb A, known as the sweetest component of stevia, is frequently isolated to create a more concentrated sweetener. The Stevia-Based Sweeteners segment includes finished products such as tabletop sweeteners, liquid stevia drops, and stevia blends that combine stevia with other sweeteners to enhance flavor profiles. Additionally, the Stevia-Infused Products segment is gaining traction, as stevia is increasingly incorporated into food and beverages like yogurt, baked goods, and sugar-free drinks.
Stevia Market Key Players
Ingredion Incorporated
Tate & Lyle PLC
Archer Daniels Midland Company
Cargill Incorporated
Zhucheng Haotian Pharma Co. Ltd.
BENEO (SUDZUCKER Group)
Foodchem International Corporation
FRAKEN BIOCHEM CO. LTD.
Haihang Industry Co.,Ltd.
PureCircle Ltd
GLG Life Tech Corporation
Wild Flavors and Specialty Ingredients
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Key questions answered in the Stevia Market are:
- What is Stevia ?
- What was the Stevia market size in 2023?
- What is the growth rate of the Stevia Market?
- Which are the factors expected to drive the Stevia market growth?
- What are the different segments of the Stevia Market?
- What growth strategies are the players considering to increase their presence in Stevia ?
- What are the upcoming industry applications and trends for the Stevia Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Stevia Market?
- Who are the leading companies and what are their portfolios in Stevia Market?
- What segments are covered in the Stevia Market?
- Who are the key players in the Stevia market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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