The global stevia market is expected to rise from US$ 405.6 million in 2024 to US$ 739.4 million by 2034. By 2034, the market is projected to surge at 6.2% CAGR.
Attributes | Key Insights |
---|---|
Estimated Global Stevia Market Size (2024E) | US$ 405.6 million |
Projected Stevia Market Value (2034F) | US$ 739.4 million |
Value-based CAGR (2024 to 2034) | 6.2% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global stevia sales grew at a CAGR of 5.3% from 2019 to 2023.
By 2034, the market for stevia is predicted to expand at 6.2% CAGR.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The table below shows the estimated growth rates of the top five countries. Japan, China, and India are set to record high CAGRs of 6.5%, 5.4%, and 5.0%, respectively, through 2034.
Countries | CAGR (2024 to 2034) |
---|---|
United States | 4.2% |
Germany | 2.8% |
China | 5.4% |
India | 5.0% |
Japan | 6.5% |
The table below explains the stevia market size of the leading five countries for 2034. Among them, the United States is anticipated to remain at the forefront by reaching a valuation of US$ 172.1 million. It is anticipated to be followed by China, which is expected to reach a market valuation of US$ 37.4 million by 2034.
Countries | Market Value (2034) |
---|---|
United States | US$ 172.1 million |
Germany | US$ 28.6 million |
China | US$ 37.4 million |
India | US$ 18.6 million |
Japan | US$ 29.3 million |
China’s stevia market is expected to reach US$ 37.4 million by 2034. It is set to expand at a CAGR of 5.4% through 2034. Key factors supporting the market growth are:
Due to its natural source and low-calorie content, stevia is gaining traction in foods and beverages in China.
The United States stevia market is poised to exhibit a CAGR of 4.2% during the forecast period. By 2034, the United States stevia market is expected to reach US$ 172.1 million. This is attributable to a combination of factors, including:
Germany’s stevia market is expected to rise at a CAGR of 2.8%, reaching a market valuation of US$ 28.6 million by 2034. The factors driving the market growth are as follows:
The section below shows the next-gen stevia segment dominated by product type. The segment is expected to rise at a CAGR of 7.1% through 2034. Based on form, the powder extract segment is anticipated to generate a dominant share through 2024. It is set to surge at a CAGR of 6.1% through 2034.
Segment | CAGR (2024 to 2034) |
---|---|
Next Gen Stevia (Product Type) | 7.1% |
Beverages (End-use Application) | 3.6% |
Powder Extract (Form) | 6.1% |
Leading players involved in the global stevia market are constantly launching a new range of products to meet consumer demand. Key companies and stevia manufacturers are also focusing on merger and acquisition activities in order to gain a competitive advantage in the market.
For instance
The market is set to reach US$ 405.6 million in 2024.
Demand for stevia is slated to expand at a 6.2% CAGR by 2034.
The market is set to reach US$ 739.4 million in 2034.
Cargill Incorporated, Ingredion Incorporated, and Koninklijke DSM NV are the key players.
The powder extract segment is estimated to hold a significant market share in 2024.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Market Dynamics 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market trends by Region 3.5. Forecast Factors - Relevance & Impact 3.6. Regulations and Policies 4. Global Market - Pricing Analysis 4.1. Price Point Assessment by Region 4.1.1. Manufacturer Level Pricing 4.1.2. Distributor Level Pricing 4.2. Price Point Assessment by Product Type 4.3. Price Forecast till 2034 5. Value Chain Analysis 5.1. Operating margins at each node of supply chain 5.2. List of Active Market Participants 6. Global Market Size in Value (US$ million) and Volume (units) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Size in Value (US$ million) and Volume (units) Analysis, 2019 to 2023 6.2. Current and Future Market Size in Value (US$ million) and Volume (units) Analysis, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type 7.1. Introduction / Key Findings 7.2. Historical Market Size in Value (US$ million) and Volume (units) Analysis by Product Type, 2019 to 2023 7.3. Current and Future Market Size in Value (US$ million) and Volume (units) Analysis and Forecast by Product Type, 2024 to 2034 7.3.1. Conventional 7.3.2. Next Gen 7.3.2.1. Reb A 7.3.2.2. Reb M 7.3.2.3. Others 7.4. Market Attractiveness Analysis by Product Type 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Form 8.1. Introduction / Key Findings 8.2. Historical Market Size in Value (US$ million) and Volume (units) Analysis by Form, 2019 to 2023 8.3. Current and Future Market Size in Value (US$ million) and Volume (units) Analysis and Forecast by Form, 2024 to 2034 8.3.1. Liquid Extract 8.3.2. Powder Extract 8.3.3. Leaf 8.4. Market Attractiveness Analysis by Form 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Label 9.1. Introduction / Key Findings 9.2. Historical Market Size in Value (US$ million) and Volume (units) Analysis by Label, 2019 to 2023 9.3. Current and Future Market Size in Value (US$ million) and Volume (units) Analysis and Forecast by Label, 2024 to 2034 9.3.1. Organic Certified 9.3.2. Regular 9.4. Market Attractiveness Analysis by Label 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use Application 10.1. Introduction / Key Findings 10.2. Historical Market Size in Value (US$ million) and Volume (units) Analysis by End Use Application, 2019 to 2023 10.3. Current and Future Market Size in Value (US$ million) and Volume (units) Analysis and Forecast by End Use Application, 2024 to 2034 10.3.1. Dairy Food Products 10.3.1.1. Ice Cream 10.3.1.2. Yogurt 10.3.1.3. Flavored Milk 10.3.2. Bakery Products 10.3.2.1. Breads & Rolls 10.3.2.2. Biscuits & Cookies 10.3.2.3. Cakes & Pastries 10.3.2.4. Other Bakery Product 10.3.3. Beverage 10.3.3.1. Energy Drink 10.3.3.2. Soft Drink 10.3.3.3. Hot Drink 10.3.3.4. Flavored Drink 10.3.3.5. Natural Sweetened Water 10.3.4. Packaged Food Products 10.3.4.1. Pickles 10.3.4.2. Jam 10.3.4.3. Sauce 10.3.4.4. Chilled Food Product 10.3.4.5. Nutritional Product 10.3.4.6. Frozen Food 10.3.5. Dietary Supplement 10.3.6. Confectionary Product 10.3.7. Snacks 10.3.8. Table Top Sweetener 10.3.9. Others 10.4. Market Attractiveness Analysis by End Use Application 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 11.1. Introduction 11.2. Historical Market Size in Value (US$ million) and Volume (units) Analysis by Region, 2019 to 2023 11.3. Current Market Size in Value (US$ million) and Volume (units) Analysis and Forecast by Region, 2024 to 2034 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. East Asia 11.3.5. South Asia 11.3.6. Oceania 11.3.7. Middle East and Africa 11.4. Market Attractiveness Analysis by Region 12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ million) and Volume(units) Trend Analysis by Market Taxonomy, 2019 to 2023 12.3. Market Size (US$ million) and Volume(units) Forecast by Market Taxonomy, 2024 to 2034 12.3.1. by Country 12.3.1.1. United States 12.3.1.2. Canada 12.3.2. by Product Type 12.3.3. by Form 12.3.4. by Label 12.3.5. by End Use Application 12.4. Market Attractiveness Analysis 12.4.1. by Country 12.4.2. by Product Type 12.4.3. by Form 12.4.4. by Label 12.4.5. by End Use Application 12.5. Key takeaways 13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ million) and Volume(units) Trend Analysis by Market Taxonomy, 2019 to 2023 13.3. Market Size (US$ million) and Volume (units) Forecast by Market Taxonomy, 2024 to 2034 13.3.1. by Country 13.3.1.1. Brazil 13.3.1.2. Mexico 13.3.1.3. Argentina 13.3.1.4. Rest of Latin America 13.3.2. by Product Type 13.3.3. by Form 13.3.4. by Label 13.3.5. by End Use Application 13.4. Market Attractiveness Analysis 13.4.1. by Country 13.4.2. by Product Type 13.4.3. by Form 13.4.4. by Label 13.4.5. by End Use Application 13.5. Key takeaways 14. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ million) and Volume(units) Trend Analysis by Market Taxonomy, 2019 to 2023 14.3. Market Size (US$ million) and Volume(units) Forecast by Market Taxonomy, 2024 to 2034 14.3.1. by Country 14.3.1.1. Germany 14.3.1.2. United Kingdom 14.3.1.3. France 14.3.1.4. Italy 14.3.1.5. Spain 14.3.1.6. BENELUX 14.3.1.7. Nordic 14.3.1.8. Russia 14.3.1.9. Poland 14.3.1.10. Rest of Europe 14.3.2. by Product Type 14.3.3. by Form 14.3.4. by Label 14.3.5. by End Use Application 14.4. Market Attractiveness Analysis 14.4.1. by Country 14.4.2. by Product Type 14.4.3. by Form 14.4.4. by Label 14.4.5. by End Use Application 14.5. Key takeaways 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ million) and Volume(units) Trend Analysis by Market Taxonomy, 2019 to 2023 15.3. Market Size (US$ million) and Volume(units) Forecast by Market Taxonomy, 2024 to 2034 15.3.1. by Country 15.3.1.1. China 15.3.1.2. Japan 15.3.1.3. South Korea 15.3.2. by Product Type 15.3.3. by Form 15.3.4. by Label 15.3.5. by End Use Application 15.4. Market Attractiveness Analysis 15.4.1. by Country 15.4.2. by Product Type 15.4.3. by Form 15.4.4. by Label 15.4.5. by End Use Application 15.5. Key takeaways 16. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ million) and Volume(units) Trend Analysis by Market Taxonomy, 2019 to 2023 16.3. Market Size (US$ million) and Volume(units) Forecast by Market Taxonomy, 2024 to 2034 16.3.1. by Country 16.3.1.1. India 16.3.1.2. Thailand 16.3.1.3. Malaysia 16.3.1.4. Indonesia 16.3.1.5. Vietnam 16.3.1.6. Philippines 16.3.1.7. Singapore 16.3.1.8. Rest of South Asia 16.3.2. by Product Type 16.3.3. by Form 16.3.4. by Label 16.3.5. by End Use Application 16.4. Market Attractiveness Analysis 16.4.1. by Product Type 16.4.2. by Form 16.4.3. by Label 16.4.4. by End Use Application 16.5. Key takeaways 17. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Historical Market Size (US$ million) and Volume(units) Trend Analysis by Market Taxonomy, 2019 to 2023 17.3. Market Size (US$ million) and Volume(units) Forecast by Market Taxonomy, 2024 to 2034 17.3.1. by Country 17.3.1.1. Australia 17.3.1.2. New Zealand 17.3.2. by Product Type 17.3.3. by Form 17.3.4. by Label 17.3.5. by End Use Application 17.4. Market Attractiveness Analysis 17.4.1. by Product Type 17.4.2. by Form 17.4.3. by Label 17.4.4. by End Use Application 17.5. Key takeaways 18. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18.1. Introduction 18.2. Historical Market Size (US$ million) and Volume(units) Trend Analysis by Market Taxonomy, 2019 to 2023 18.3. Market Size (US$ million) and Volume(units) Forecast by Market Taxonomy, 2024 to 2034 18.3.1. by Country 18.3.1.1. GCC Countries 18.3.1.2. Turkiye 18.3.1.3. Egypt 18.3.1.4. South Africa 18.3.1.5. Rest of Middle East and Africa 18.3.2. by Product Type 18.3.3. by Form 18.3.4. by Label 18.3.5. by End Use Application 18.4. Market Attractiveness Analysis 18.4.1. by Product Type 18.4.2. by Form 18.4.3. by Label 18.4.4. by End Use Application 18.5. Key takeaways 19. Country-level Market Analysis, 2022 19.1. United States Market Analysis 19.1.1. by Product Type 19.1.2. by Form 19.1.3. by Label 19.1.4. by End Use Application 19.2. Canada Market Analysis 19.2.1. by Product Type 19.2.2. by Form 19.2.3. by Label 19.2.4. by End Use Application 19.3. Brazil Market Analysis 19.3.1. by Product Type 19.3.2. by Form 19.3.3. by Label 19.3.4. by End Use Application 19.4. Mexico Market Analysis 19.4.1. by Product Type 19.4.2. by Form 19.4.3. by Label 19.4.4. by End Use Application 19.5. Argentina Market Analysis 19.5.1. by Product Type 19.5.2. by Form 19.5.3. by Label 19.5.4. by End Use Application 19.6. Germany Market Analysis 19.6.1. by Product Type 19.6.2. by Form 19.6.3. by Label 19.6.4. by End Use Application 19.7. United Kingdom Market Analysis 19.7.1. by Product Type 19.7.2. by Form 19.7.3. by Label 19.7.4. by End Use Application 19.8. France Market Analysis 19.8.1. by Product Type 19.8.2. by Form 19.8.3. by Label 19.8.4. by End Use Application 19.9. Italy Market Analysis 19.9.1. by Product Type 19.9.2. by Form 19.9.3. by Label 19.9.4. by End Use Application 19.10. Spain Market Analysis 19.10.1. by Product Type 19.10.2. by Form 19.10.3. by Label 19.10.4. by End Use Application 19.11. BENELUX Market Analysis 19.11.1. by Product Type 19.11.2. by Form 19.11.3. by Label 19.11.4. by End Use Application 19.12. Nordic Market Analysis 19.12.1. by Product Type 19.12.2. by Form 19.12.3. by Label 19.12.4. by End Use Application 19.13. Russia Region Market Analysis 19.13.1. by Product Type 19.13.2. by Form 19.13.3. by Label 19.13.4. by End Use Application 19.14. Poland Market Analysis 19.14.1. by Product Type 19.14.2. by Form 19.14.3. by Label 19.14.4. by End Use Application 19.15. China Market Analysis 19.15.1. by Product Type 19.15.2. by Form 19.15.3. by Label 19.15.4. by End Use Application 19.16. Japan Market Analysis 19.16.1. by Product Type 19.16.2. by Form 19.16.3. by Label 19.16.4. by End Use Application 19.17. South Korea Market Analysis 19.17.1. by Product Type 19.17.2. by Form 19.17.3. by Label 19.17.4. by End Use Application 19.18. India Market Analysis 19.18.1. by Product Type 19.18.2. by Form 19.18.3. by Label 19.18.4. by End Use Application 19.19. Thailand Market Analysis 19.19.1. by Product Type 19.19.2. by Form 19.19.3. by Label 19.19.4. by End Use Application 19.20. Malaysia Market Analysis 19.20.1. by Product Type 19.20.2. by Form 19.20.3. by Label 19.20.4. by End Use Application 19.21. Indonesia Market Analysis 19.21.1. by Product Type 19.21.2. by Form 19.21.3. by Label 19.21.4. by End Use Application 19.22. Vietnam Market Analysis 19.22.1. by Product Type 19.22.2. by Form 19.22.3. by Label 19.22.4. by End Use Application 19.23. Philippines Market Analysis 19.23.1. by Product Type 19.23.2. by Form 19.23.3. by Label 19.23.4. by End Use Application 19.24. Singapore Market Analysis 19.24.1. by Product Type 19.24.2. by Form 19.24.3. by Label 19.24.4. by End Use Application 19.25. Australia Market Analysis 19.25.1. by Product Type 19.25.2. by Form 19.25.3. by Label 19.25.4. by End Use Application 19.26. New Zealand Market Analysis 19.26.1. by Product Type 19.26.2. by Form 19.26.3. by Label 19.26.4. by End Use Application 19.27. GCC Countries Market Analysis 19.27.1. by Product Type 19.27.2. by Form 19.27.3. by Label 19.27.4. by End Use Application 19.28. Turkiye Market Analysis 19.28.1. by Product Type 19.28.2. by Form 19.28.3. by Label 19.28.4. by End Use Application 19.29. Egypt Market Analysis 19.29.1. by Product Type 19.29.2. by Form 19.29.3. by Label 19.29.4. by End Use Application 19.30. South Africa Market Analysis 19.30.1. by Product Type 19.30.2. by Form 19.30.3. by Label 19.30.4. by End Use Application 20. Market Structure Analysis 20.1. Global Market Competition - a Dashboard View 20.2. Industry Structure Analysis 20.2.1. % Tier 1 Market Players 20.2.2. % Tier 2 Market Players 20.2.3. % Tier 3 Market Players 20.3. Global Market Company Share Analysis 20.3.1. For Tier 1 Market Players, 2023 20.3.2. Company Market Share Analysis of Top 5 Players, by Region 20.4. Key Participants Market Presence (Intensity Mapping) by Region 21. Competition Analysis 21.1. Competition Dashboard 21.2. Competition Benchmarking 21.3. Competition Deep Dive 21.3.1. Cargill Incorporated 21.3.1.1. Product Portfolio 21.3.1.2. Product Claim 21.3.1.3. Revenue by Market Segments (Product/Channel/Region) 21.3.1.4. Sales Footprint 21.3.1.5. Strategy Overview 21.3.1.5.1. Marketing Strategy 21.3.1.5.2. Product Strategy 21.3.1.5.3. Channel Strategy 21.3.1.6. SWOT Analysis 21.3.2. Ingredion Incorporated 21.3.3. Koninklijke DSM NV 21.3.4. Tate and Lyle Plc. 21.3.5. Sunwin International, Inc. 21.3.6. GLG Life Tech Corp 21.3.7. Evolva Holding SA Nemours & Co 21.3.8. Others (on additional request) 22. Assumptions and Acronyms 23. Research Methodology
Explore Food and Beverage Insights
View Reports