Stevia Market Size, Share, Price Trends and Analysis 2021-2026

Press Release:

Global Stevia Market to Reach US$ 900 Million by 2025, Spurred by the Increasing Health Consciousness Among Consumers

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Stevia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Report Overview

The global stevia market reached a value of US$ 590 Million in 2020. Stevia is a natural sweetener extracted from the plant species called Stevia Rebaudiana. It is a completely natural and zero-calorie sweetener that is 200 times sweeter than sugar. Stevia also contains a wealth of antioxidant compounds, including flavonoids, triterpenes, tannins, caffeic acid, kaempferol, and quercetin. With the rising awareness and a large number of health benefits associated with its consumption, consumers are widely substituting sugar with stevia. Numerous food and beverage manufacturers are also utilizing it in coffee, tea, smoothies and yogurt to offer products with a lower calorie count.

Stevia is known to provide several health benefits, such as controlling diabetes, aiding weight loss and regulating blood pressure and sugar levels. The growing awareness about these advantages has led to an increase in its demand, owing to which it is now commercially grown across the globe. Besides this, stevia acts as a steroid and helps in preventing the proliferation of bacteria due to which it is used in topical applications for skin conditions, such as eczema and dermatitis. Other than this, the health-conscious consumers are becoming more inclined toward low-calorie sweeteners like stevia, which in turn is boosting its sales around the world. Some of the other factors influencing the market growth are changing lifestyles, growing disposable incomes and several initiatives undertaken by the governments of various countries to minimize sugar intake so as to combat health problems like obesity and diabetes. Looking forward, IMARC Group expects the global stevia market to exhibit moderate growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global stevia market, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, extract type and end-use.

Breakup by Extract Type:

Powder
Liquid
Leaf

Powered stevia accounts for the majority of the global market share as it is less grainy than table sugar and is available in a variety of convenient packaging formats such as sachets, jars and bottles.

Breakup by End Use:

Beverages
Food Products
Table Top Sweeteners
Pharmaceuticals
Others

Amongst these, beverages exhibit a clear dominance in the market, as stevia and stevia-based products are used as sweeteners in various beverages such as juices, soft drinks, energy drinks and tea.

Regional Insights:

Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
North America
- United States
- Canada
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Middle East and Africa
- Turkey
- Saudi Arabia
- Iran
- United Arab Emirates
- Others
Latin America
- Brazil
- Mexico
- Argentina
- Columbia
- Chile
- Peru
- Others

Region-wise, Asia Pacific holds the leading position in the market. This can be accredited to the increasing health-consciousness among consumers, owing to which they have become more inclined toward low-calorie products, including stevia.

Competitive Landscape:

The competitive landscape of the market has also been analyzed in the report. It is characterized by the presence of small- and large-scale manufacturers who compete in terms of quality and prices.

Key Questions Answered in This Report:

How has the global stevia market performed so far and how will it perform in the coming years?
What are the key regions in the market?
What has been the impact of COVID-19 on the global stevia market?
What are the major end use industries in the market?
What are the popular extract types in the industry?
What are the price trends of stevia?
What are the key success and risk factors in the market?
Who are the key manufacturers in the market?
How is stevia manufactured?
What are the raw material requirements for the manufacturing of stevia?
What is the supply-demand of various feedstocks that are used in the manufacturing of stevia?
Who are the key manufacturers of stevia feedstock?