Stevia Market to Signify Strong Growth by 2024-2031

Stevia Market  is anticipated to grow at a considerable CAGR of 9.4% during the forecast period. The beverage industry in the US is flourishing, owing to a strong export and import sector, a big client base, and rising affordability. Soft drink sales represent one of the fastest-growing categories of the beverage market in the US. According to the Beverage Digest, carbonated soft drink sales accounted for $2.9 billion of the nation’s $146 billion beverage market in 2019.  Coca-Cola Zero Sugar was declared the fastest growing soft drink in the survey, with an 11.5% increase in retail value and an 8% increase in volume.

Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in November 2018, Cargill Inc announced a partnership with Royal DSM to produce highly sought-after sweet-tasting molecules such as steviol glycosides Reb M and Reb D through fermentation, providing food and beverage manufacturers with an even more scalable, sustainable, and low cost-in-use solution under the EverSweet brand. Further, in March 2019, Tate & Lyle announced its partnership with Sweet Green Fields (SGF) to introduce ZOLESSE, a glucosylated stevia extract labelled as a natural flavor. ZOLESSE, a new natural flavour is an effort to enable food and beverage companies produce great-tasting products that match rising customer demand for clean-label ingredients at a lower cost than alternatives.

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Market Coverage

  • The market number available for – 2023-2030
  • Base year- 2023
  • Forecast period- 2024-2031

Segment Covered- 

  • By Product form
  • By Application

Regions Covered

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape– GLG Life Tech Corp., Ingredion Inc, Tate & Lyle PLC, The Coca-Cola Co, PepsiCo Inc., Cargill Inc., Evolva Holding S.A.

Stevia Market Report by Segment

By Product Form

  • Powder
  • Liquid
  • Leaf

By Application

  • Bakery
  • Dairy Food Products
  • Beverages
  • Dietary Supplements
  • Confectionery
  • Others (Convenience foods)

A full Report of Stevia Market is Available @  https://www.omrglobal.com/industry-reports/stevia-market

Stevia Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC

Rest of the World

  • Latin America
  • Middle East & Africa

Company Profiles 

  • Archer Daniels Midland Company
  • Cargill Inc
  • Evolva Holding SA
  • GLG Life Tech Corporation
  • Guilin Layn Natural Ingredients Corp
  • Haihang Indsutry Co
  • Hyet Sweet BV
  • Ingredion Inc
  • Koninklijke DSM NV
  • Morita Kagakau Kogyo Co. Ltd.
  • PepsiCo Inc.
  • Purecircle Limited
  • PureCircle Ltd
  • Pyure Brands LLC
  • S&W Seed Company
  • Stevia Biotech Pvt Ltd
  • Sunwin Stevia International, Inc.
  • Tate & Lyle PLC
  • Van Wankum Ingredients BV
  • Zhucheng Haotian Pharm Co. Ltd

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