Food and Beverage Stevia Market Size, Trends and Insights By Extract Type (Reb A, Reb D, Reb M), By Form (Leaves, Powder, Liquid), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | North America |
| Largest Market: | Asia-Pacific |
Major Players
- Purecircle Limited
- Layn
- Qufu Xiangzhou Stevia
- Zhucheng Haotian
- Sunwin Stevia International
- Others
Reports Description
According to Custom Market Insights (CMI), the Global Food and Beverage Stevia Market size was estimated at USD 200 Million in 2021 and is expected to reach USD 223 Million in 2022 and is expected to hit around USD 400 Million by 2030, poised to grow at a compound annual growth rate (CAGR) of 8% from 2022 to 2030.
Our research report offers a 360-degree view of the Food and Beverage Stevia market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Food and Beverage Stevia market.
- Stevia, an extract from the stevia plant’s leaves, is essentially a sweetener and sugar alternative. Due to its several benefits, including its significant protein ingredient and low-calorie content, it occupies a considerable position within the sweetener category. Stevia is widely used in the food and beverage industry as a result of growing public knowledge of its health benefits. Rebaudioside A and stevioside, two of the most potent and significant substances found in stevia, are largely to blame for the plant’s sweetness. Many Latin American nations, including Brazil and others, have used stevia. It is 200 times sweeter than sugar, an all-natural sweetener with no calories that are used to treat health issues.
- Furthermore, due to its low glycemic index and the fact that it has no effect on blood sugar levels, it is ideally suited for diabetic people as well. Up to 2030, it is projected that increasing disposable income, changing lifestyles in developing nations, and preserving good health would drive the expansion of the worldwide food and beverage stevia industry.
- Over the course of the forecast period, a change in lifestyle and rising consumption of low-calorie foods are anticipated to propel the growth of the global food & beverage stevia market. In addition, between 2022 and 2030, it is anticipated that an increase in the number of obese and diabetic patients worldwide would support the expansion of the global food & beverage stevia market. In addition, it is anticipated that by 2030, shifting governmental policies and a focus on stevia promotion by governments around the world would further propel the market for stevia-sweetened foods and beverages.
- With the beginning of the COVID-19 pandemic, the food and beverage stevia market experienced a sharp increase as consumers sought ways to improve their general health and wellness, which led to an increase in demand for less sugary and immunity-boosting goods. Most health-conscious consumers turned to low-calorie or sugar-free cuisine as a result of the COVID-19 outbreak. Therefore, manufacturers and product formulators have been compelled to use stevia as a result of rising health consciousness, high demand for sugar-reduction solutions, and demand for organic foods among the general population.
Report Scope
The study’s focus is on Food and Beverage Stevia market analysis on a global scale, and market sizing includes the income generated by these solutions provided by different market players. In order to support the market projections and growth rates over the anticipated period of 2022-2030, the study additionally monitors important market factors, underlying growth influencers, and significant vendors active in the sector.
The study also examines how COVID-19 has affected the ecology generally. The scope of the study includes market sizing and forecast for segmentation by extract type, form, and geography.
| Feature of the Report | Details |
| Market Size in 2021 | USD 200 Million |
| Projected Market Size in 2030 | USD 400 Million |
| Market Size in 2022 | USD 223 Million |
| CAGR Growth Rate | 8% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Purecircle Limited, Layn, Qufu Xiangzhou Stevia, Zhucheng Haotian, Sunwin Stevia International, Cargill (Evolva), GLG Life Tech, Morita Kagakau Kogyo, Tate & Lyle, HuZhou LiuYin Biological, Tianjin Jianfeng, Hunan NutraMax, and Others |
| Key Segment | By Extract Type, Form, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Market Dynamics
- An excellent natural sweetener with few calories is stevia. It is widely used in the food and beverage industry. Consumers are switching to healthier lifestyles as a result of the rising prevalence of chronic diseases like diabetes and obesity. As a result, producers are substituting stevia for artificial sugar in dietary supplements, beverages, pet feeds, etc. In the upcoming years, these elements are anticipated to fuel the stevia market’s expansion.
- Alkaloids, oligosaccharides, flavonoids, xanthophyll, hydroxyl-cinnamic acids, chlorophylls, free sugars, trace elements, lipids, and amino acids are all present in stevia. These make it possible to produce stevia-based foods that are low in calories, are healthful, and are known to help manage several medical conditions. Going forward, the market is anticipated to benefit from the availability of stevia extract in a variety of forms, including powder, liquid, and leaves, as well as the rising use of these components in beverages, bakery goods, confections, dairy goods, and cereal-based items, among other things.
- Additionally, because more consumers are favouring plant-based goods, demand for stevia is anticipated to expand. A rising number of innovative stevia-based products that are affordable and find use in a broad range of food & beverage applications, as well as the optimistic view for stevia as a natural sweetener owing to surging demand for dietary food, are also driving the market. This is leading to a rise in use among many food and beverage companies.
- In addition, it is anticipated that factors, including government initiatives and expanding application-related developments, will support market expansion. However, the stevia industry’s expansion is significantly hampered by the stevia leaf’s price fluctuation. Nevertheless, seasonal variations in crop output have an impact on the availability of Stevia leaves. Stevia demand is anticipated to increase along with supply shortages and price increases during the projection period as a result of the decline in stevia farming.
Powder Segment to Dominate the Food and Beverage Stevia Market
- In middle- and high-income nations, stevia extract is used as a non-nutritive sweetener substitute in beverages, desserts, and other food products. With the introduction of new goods to the market, the popularity of stevia extract among health-conscious customers raised sales for this market category by about 60%. The use of stevia powder extract for health reasons, such as lowering blood pressure, managing diabetes, and controlling weight, is anticipated to fuel the segment’s revenue growth.
- During the anticipated period, the liquid extract segment is projected to experience moderate revenue growth. People are generally consuming fewer processed goods, and the liquid extract is especially well-liked among those consumers because it is less processed.
- The leaves segment’s sales are growing as consumers choose to consume low-calorie, minimally processed foods and live healthier lifestyles. The demand for stevia leaves has expanded as a result of its use in food processing and as a garnish for foods such as ice cream, sauces, sweets, yoghurts, soft drinks, juice, and bread.
Competitive Landscape
To accommodate the growing consumer expectations, major companies are releasing a variety of new products. To accommodate the rising demand for stevia-based goods, coffee brighteners and sweeteners are being introduced. The sales of nutritional supplements that are low in calories, and sugar and promote immunity have also increased as a result of COVID-19. In turn, during the anticipated period, this is anticipated to fuel the growth of the food and beverage stevia market.
- 2022: EverSweet and ClearFlo were combined to create a new technology, according to Cargill, that enhances mouthfeel, lessens bitterness, and lingers. The combination increases stability, solubility, and dissolving speed while introducing natural flavour.
The global Food and Beverage Stevia market is segmented as follows:
By Extract Type
- Reb A
- Reb D
- Reb M
By Form
- Leaves
- Powder
- Liquid
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Food and Beverage Stevia Market, (2022 – 2030) (USD Million)
- 2.2 Global Food and Beverage Stevia Market : snapshot
- Chapter 3. Global Food and Beverage Stevia Market – Industry Analysis
- 3.1 Food and Beverage Stevia Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing prevalence of diabetes & obesity
- 3.2.2 Surging demand for natural sweeteners
- 3.2.3 Rising demand for stevia application in the beverage industry
- 3.2.4 An increasing number of new stevia-based product.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Extract Type
- 3.7.2 Market attractiveness analysis By Form
- Chapter 4. Global Food and Beverage Stevia Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Food and Beverage Stevia Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Food and Beverage Stevia Market – Extract Type Analysis
- 5.1 Global Food and Beverage Stevia Market overview: By Extract Type
- 5.1.1 Global Food and Beverage Stevia Market share, By Extract Type, 2021 and 2030
- 5.2 Reb A
- 5.2.1 Global Food and Beverage Stevia Market by Reb A, 2022 – 2030 (USD Million)
- 5.3 Reb D
- 5.3.1 Global Food and Beverage Stevia Market by Reb D, 2022 – 2030 (USD Million)
- 5.4 Reb M
- 5.4.1 Global Food and Beverage Stevia Market by Reb M, 2022 – 2030 (USD Million)
- 5.1 Global Food and Beverage Stevia Market overview: By Extract Type
- Chapter 6. Global Food and Beverage Stevia Market – Form Analysis
- 6.1 Global Food and Beverage Stevia Market overview: By Form
- 6.1.1 Global Food and Beverage Stevia Market share, By Form, 2021 and 2030
- 6.2 Leaves
- 6.2.1 Global Food and Beverage Stevia Market by Leaves, 2022 – 2030 (USD Million)
- 6.3 Powder
- 6.3.1 Global Food and Beverage Stevia Market by Powder, 2022 – 2030 (USD Million)
- 6.4 Liquid
- 6.4.1 Global Food and Beverage Stevia Market by Liquid, 2022 – 2030 (USD Million)
- 6.1 Global Food and Beverage Stevia Market overview: By Form
- Chapter 7. Food and Beverage Stevia Market – Regional Analysis
- 7.1 Global Food and Beverage Stevia Market Regional Overview
- 7.2 Global Food and Beverage Stevia Market Share, by Region, 2021 & 2030 (USD Million)
- 7.3. North America
- 7.3.1 North America Food and Beverage Stevia Market, 2022 – 2030 (USD Million)
- 7.3.1.1 North America Food and Beverage Stevia Market, by Country, 2022 – 2030 (USD Million)
- 7.3.1 North America Food and Beverage Stevia Market, 2022 – 2030 (USD Million)
- 7.4 North America Food and Beverage Stevia Market, by Extract Type, 2022 – 2030
- 7.4.1 North America Food and Beverage Stevia Market, by Extract Type, 2022 – 2030 (USD Million)
- 7.5 North America Food and Beverage Stevia Market, by Form, 2022 – 2030
- 7.5.1 North America Food and Beverage Stevia Market, by Form, 2022 – 2030 (USD Million)
- 7.6. Europe
- 7.6.1 Europe Food and Beverage Stevia Market, 2022 – 2030 (USD Million)
- 7.6.1.1 Europe Food and Beverage Stevia Market, by Country, 2022 – 2030 (USD Million)
- 7.6.1 Europe Food and Beverage Stevia Market, 2022 – 2030 (USD Million)
- 7.7 Europe Food and Beverage Stevia Market, by Extract Type, 2022 – 2030
- 7.7.1 Europe Food and Beverage Stevia Market, by Extract Type, 2022 – 2030 (USD Million)
- 7.8 Europe Food and Beverage Stevia Market, by Form, 2022 – 2030
- 7.8.1 Europe Food and Beverage Stevia Market, by Form, 2022 – 2030 (USD Million)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Food and Beverage Stevia Market, 2022 – 2030 (USD Million)
- 7.9.1.1 Asia Pacific Food and Beverage Stevia Market, by Country, 2022 – 2030 (USD Million)
- 7.9.1 Asia Pacific Food and Beverage Stevia Market, 2022 – 2030 (USD Million)
- 7.10 Asia Pacific Food and Beverage Stevia Market, by Extract Type, 2022 – 2030
- 7.10.1 Asia Pacific Food and Beverage Stevia Market, by Extract Type, 2022 – 2030 (USD Million)
- 7.11 Asia Pacific Food and Beverage Stevia Market, by Form, 2022 – 2030
- 7.11.1 Asia Pacific Food and Beverage Stevia Market, by Form, 2022 – 2030 (USD Million)
- 7.12. Latin America
- 7.12.1 Latin America Food and Beverage Stevia Market, 2022 – 2030 (USD Million)
- 7.12.1.1 Latin America Food and Beverage Stevia Market, by Country, 2022 – 2030 (USD Million)
- 7.12.1 Latin America Food and Beverage Stevia Market, 2022 – 2030 (USD Million)
- 7.13 Latin America Food and Beverage Stevia Market, by Extract Type, 2022 – 2030
- 7.13.1 Latin America Food and Beverage Stevia Market, by Extract Type, 2022 – 2030 (USD Million)
- 7.14 Latin America Food and Beverage Stevia Market, by Form, 2022 – 2030
- 7.14.1 Latin America Food and Beverage Stevia Market, by Form, 2022 – 2030 (USD Million)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Food and Beverage Stevia Market, 2022 – 2030 (USD Million)
- 7.15.1.1 The Middle-East and Africa Food and Beverage Stevia Market, by Country, 2022 – 2030 (USD Million)
- 7.15.1 The Middle-East and Africa Food and Beverage Stevia Market, 2022 – 2030 (USD Million)
- 7.16 The Middle-East and Africa Food and Beverage Stevia Market, by Extract Type, 2022 – 2030
- 7.16.1 The Middle-East and Africa Food and Beverage Stevia Market, by Extract Type, 2022 – 2030 (USD Million)
- 7.17 The Middle-East and Africa Food and Beverage Stevia Market, by Form, 2022 – 2030
- 7.17.1 The Middle-East and Africa Food and Beverage Stevia Market, by Form, 2022 – 2030 (USD Million)
- Chapter 8. Company Profiles
- 8.1 Purecircle Limited
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Layn
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Qufu Xiangzhou Stevia
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Zhucheng Haotian
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Sunwin Stevia International
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Cargill (Evolva)
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 GLG Life Tech
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Morita Kagakau Kogyo
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Tate & Lyle
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 HuZhou LiuYin Biological
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Tianjin Jianfeng
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Hunan NutraMax.
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.1 Purecircle Limited
List Of Figures
Figures No 1 to 20
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
“North America” region will lead the global Food and Beverage Stevia market during the forecast period 2022 to 2030.
The key factors driving the market are growing prevalence of diabetes & obesity, surging demand for natural sweeteners, rising demand for stevia application in the beverage industry, and an increasing number of new stevia-based product.
The key players operating in the Food and Beverage Stevia market are Purecircle Limited, Layn, Qufu Xiangzhou Stevia, Zhucheng Haotian, Sunwin Stevia International, Cargill (Evolva), GLG Life Tech, Morita Kagakau Kogyo, Tate & Lyle, HuZhou LiuYin Biological, Tianjin Jianfeng, Hunan NutraMax.
The global Food and Beverage Stevia market is expanding growth with a CAGR of approximately 8% during the forecast period (2022 to 2030).
The global Food and Beverage Stevia market size was valued at USD 200 Million in 2021 and it is projected to reach around USD 400 Million by 2030.