Stevia Market, By Extract Type, By Application, By Geography

Description

Global Stevia Market is estimated to be valued at USD 1. Bn in 2025 and is expected to reach USD 1.99 Bn by 2032, growing at a compound annual growth rate (CAGR) of 10.3% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 1. Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	10.30%	2032 Value Projection:	USD 1.99 Bn

Figure. Stevia Market Share (%), By Region 2025

Global stevia market has been witnessing significant growth in the past few years owing to rising health consciousness among consumers and growing demand for low-calorie natural sweeteners. Stevia is emerging as a healthier alternative to artificial sweeteners as it is obtained from the leaves of the plant, stevia rebaudiana and has zero calories. The increasing prevalence of diabetes and obesity has prompted consumers to move towards natural low-calorie sweeteners like stevia. Moreover, stevia has gained acceptance from regulatory bodies and food manufacturers due to its negligible impact on blood sugar. Stevia finds wide applications in the food and beverage industry for products like yogurt, table-top sweeteners, soft drinks, and fruit juices. The market is anticipated to further strengthen in the near future on account of the rising demand from the confectionery segment and innovative product launches.

Market Dynamics:

The key factors driving the growth of the global stevia market include growing health awareness and changing lifestyles of consumers, rising prevalence of lifestyle diseases such as diabetes and obesity, wide application in the food and beverage industry as a healthier sugar substitute, and product diversification with new product launches. However, factors such as the availability of substitutes and lack of consumer awareness in developing nations are expected to impede the market growth. Meanwhile, the untapped markets in emerging economies present lucrative expansion opportunities for market players. The stevia extract volume has witnessed exponential growth over the years with increasing adoption as a suitable alternative to artificial sweeteners. Innovation and advancements, especially in extraction processes and production techniques have enabled meeting the growing industrial demand.

Key Features of the Study:

This report provides an in-depth analysis of the global stevia market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global stevia market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Nestle S.A., The Coca-Cola Company, PepsiCo Inc., Cargill Inc., Evolva Holding S.A., PureCircle Ltd., Stevia Corp., Ingredion Inc., GLG Life Tech Corp., and Tate & Lyle Plc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global stevia market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global stevia market.

Detailed Segmentation:

By Extract Type
- Liquid Extract
- Clear
- Dark
- Powder Extract
- Stevia Blends
- Glycoside (40-50%)
- Glycoside (80-95%)
- Leaf
By Application
- Dairy Food Products
- Ice Cream
- Yogurt
- Flavored Milk
- Bakery Products
- Bread & Rolls
- Biscuits
- Cakes
- Others
- Dietary Supplements
- Beverages
- Energy Drinks
- Soft Drinks
- Hot Drinks
- Flavored Drinks
- Natural Sweetened Water
- Packaged Food Products
- Pickles
- Jam
- Sauce
- Chilled
- Nutritional Products
- Frozen Food
- Confectionery Products
- Snacks
- Potato Chips
- Processed Snacks
- Other Snacks
- Table Top Sweeteners
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles
- Nestle S.A.
- The Coca-Cola Company
- PepsiCo Inc.
- Cargill Inc.
- Evolva Holding S.A.
- PureCircle Ltd.
- Stevia Corp.
- Ingredion Inc.
- GLG Life Tech Corp.
- Tate & Lyle Plc.

Product Code: CMI2082

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Extract Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
The growing demand for low-calorie food products
Increasing demand for plant-based sweeteners with natural ingredients
- Restraints
Stringent rules and regulations regarding the use of stevia as a food ingredient
- Opportunities
Expansion in untapped markets
Product diversification and launch of new stevia based food and beverages
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisition, and Collaborations

4. Global Stevia Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Stevia Market, By Extract Type, 2020 - 2032 (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Liquid Extract
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Sub-segment Trends
Clear
Dark
Powder Extract
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Stevia Blends
Glycoside (40-50%)
Glycoside (80-95%)
Leaf
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)

6. Global Stevia Market, By Application, 2020 - 2032 (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Dairy Food Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Sub-segment Trends
Ice Cream
Yogurt
Flavored Milk
Bakery Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Sub-segment Trends
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Sub-segment Trends
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Sub-segment Trends
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Snacks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Sub-segment Trends
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)

7. Global Stevia Market, By Region, 2020 - 2032 (US$ Bn)

Introduction
- Market Share Analysis, By Sub-region, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, By Sub-region, 2020 - 2032
- Region Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Extract Type, 2020 - 2032 (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2032 (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 - 2032 (US$ Bn)
  - U.S.
  - Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Extract Type, 2020 - 2032 (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2032 (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 - 2032 (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Extract Type, 2020 - 2032 (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2032 (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 - 2032 (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Extract Type, 2020 - 2032 (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2032 (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 - 2032 (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Extract Type, 2020 - 2032 (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2032 (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region , 2020 - 2032 (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East

8. Competitive Landscape

Company Profiles
- Nestle S.A.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Strategies
- The Coca-Cola Company
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Strategies
- PepsiCo Inc.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Strategies
- Cargill Inc.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Strategies
- Evolva Holding S.A.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Strategies
- PureCircle Ltd.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Strategies
- Stevia Corp.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Strategies
- Ingredion Inc.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Strategies
- GLG Life Tech Corp.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Strategies
- Tate & Lyle Plc.
  - Company Overview
  - Component Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Strategies

9. Section

References
Research Methodology
About us and Sales Contact