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% |
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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.
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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
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