Cibi e Bevande
Stevia Market to Reach a Valuation of US$ 739.4 Million by 2034 Amid Growing Demand for Sugar Alternatives Worldwide | Future Market Insights, Inc.
The use of stevia in soft and non-alcoholic beverages is growing quickly due to the expanding beverage industry. The stevia market is also developing due to customers' increasing inclination toward organic products while searching for clean-label goods.
To raise taste and quality standards, consumers select ecologically friendly items over traditional ones. The market thrives due to the growing competition among companies to supply standardized products with innovative skills.
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The surge in international trade and export operations in several countries is driving growth in the stevia industry. The expanding research institutes aim to enhance consumer requirements through better taste in the food and beverage industry. Leading corporations in the market are expected to promote stevia as a safer and more effective sugar alternative.
The governments of several countries are promoting healthy sugar replacements to . Growing supply chains and distribution networks are fostering global trade & propelling the expansion of the stevia market. Several enterprises are expanding their worldwide reach using partnerships and collaborations with multinational corporations.
Cargill Incorporated, Ingredion Incorporated, Koninklijke DSM NV, Tate and Lyle Plc., Sunwin Stevia International, Inc., GLG Life Tech Corp, and Evolva Holding SA Nemours & Co are key stevia manufacturers listed in the report.
Key players in the stevia market are continuously getting involved in mergers and acquisitions activities to maintain their dominance in the market. In addition to this, several key food ingredients manufacturing players are in the stevia industry with acquisition strategies.
The United States Stevia Market captures a 4.2% CAGR of the global market revenue. The United States is the largest market that significantly drives the global market. Increasing incidence of diabetes, changing consumer alternatives, and adoption of healthy options are expanding the United States market.
The food & beverage companies are focused on sustainability with the adoption of plant-based food additives . The United States' key companies are offering a better version of stevia products to enhance consumers' requirements. On the flip side, the increasing trends of wellness and high-quality food items with low-sugar options are advancing the global market.
The United States stevia market is growing due to surging international trade and export activities in several countries. The growing research institutions are focused on improving taste in the food & beverages sector that attract consumers' needs. The key companies that are offering non-hazardous and non-toxic stevia as a better substitute than sugar are advancing the United States market.
Germany is estimated to secure a share of 2.8% CAGR of the global market 2024 to 2034. The increasing demand for healthy sweeteners and low-calorie and eco-friendly products is driving Germany's stevia market share. The availability of stevia-based products in supermarkets and retail shops is significantly fueling the German market. These products are sugar-free and healthier options that reduce toxicity and improve health.
The increasing beverage sector is rapidly increasing the adoption of stevia for soft drinks and non-alcoholic beverages. The growing trends of organic products among consumers who are looking for clean-label products are expanding the German market. Consumers are choosing environmentally friendly products to improve taste and quality standards. The rising competition among several companies to offer standardized products with their innovative skills is flourishing German market.
Japan holds a share of 6.5% CAGR of the global market. The increasing demand for natural sweeteners during cultural and traditional ceremonies is mushrooming Japan's stevia market. Consumers are increasing the adoption of sugar alternatives for healthy habits are increasing the demand for stevia. In Japan , stevia is an essential medical property from ancient Japan .
Japanese companies are offering stevia products at international markets at a considerable price that is collecting huge revenue in the country. The rising product labeling for marketing products and rising government support are driving Japan's stevia market share. Key companies are educating their customers about the benefits of stevia to boost sales. The presence of key distributors and market players is making a huge contribution to the upsurge Japan market.
growing production of stevia cultivation and easy availability of stevia are driving the Australian market. The rising awareness and initiatives of public health on the increasing incidence of obesity are surging the adoption of sugar replacement.
Increasing food & beverage companies and rising professional chefs are growing the demand for organic stevia for cooking. The new market players are launching their eco-friendly products and are increasing the sales of stevia in Australia . The innovation of high-quality packaging and presentation among key companies to attract their brand is expanding the adoption of stevia products.
Rising health stores and sustainable food retail shops to promote health habits among consumers are driving the Australian market. On the flip side, the popularity of stevia herbal tea for natural sweetening is expanding the market share. The rising allergen-free products and specific dietary requirements are fueling Australia's stevia market share.
China holds a share of 5.4% of the global market. The increasing demand for diverse sweetening needs and the expanding population are fueling
China's stevia market growth. Chinese are increasing the adoption of stevia as a traditional medicine integration.
The rapidly expanding e-commerce growth and innovation of high-quality stevia products are enhancing domestic brand value in China . Manufacturers are offering zero-calorie stevia products with nutritional labeling at affordable prices.
The Chinese government is making efforts to promote healthier substitutes for sugar to increase the sales of stevia. The increasing supply chain and distribution networks are fostering international trade and driving China's stevia market growth. Chinese companies are collaborating and partnering with global companies to expand their reach globally.
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global stevia market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study incorporates compelling insights on the stevia market based on product type (conventional stevia, next-gen stevia [Reb A, Reb M, others]), form (liquid extract, powder extract, stevia leaf), label (organic certified, regular), and end-use application (dairy food products [ice cream, yogurt, flavored milk], bakery products [bread & rolls, biscuits & cookies, cakes & pastries & other bakery product], beverage [energy drink, soft drink, hot drink, flavored drink, natured sweetened water], packaged food products [pickles, jam, sauce, chilled food product, nutritional product, frozen food], dietary supplement, confectionary product, snacks, tabletop sweetener, others) across several regions.
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
The is anticipated to be valued at US$ 65.20 billion in 2024, registering a CAGR of 5.80% from 2024 to 2034.
The global is expected to be valued at US$ 10.8 billion by 2024. It is projected to expand at a value CAGR of 3.8% through 2034.
The is expected to grow at a CAGR of 3.6%. The market value projected to increase is from USD 907.4 Million in 2022 to USD 1,292.5 Million by 2032.
The is expected to reach US$ 101.0 million in 2024 and US$ 239.0 million in 2034. The market is anticipated to expand at a CAGR of 9.0% over the forecast period 2024 to 2034.
The global is forecast to reach a value of nearly US$ 3,089.7 million by 2034.
The is anticipated to expand at a CAGR of 6.10% during the forecasted period.
The is estimated to be valued at US$ 18.6 million in 2023 and is expected to reach up to US$ 19.1 million by 2033, with a projected CAGR of 8.3% during the forecast period.
The global size is forecast to reach USD 333.3 million in 2024 and further expand at a CAGR of 6.8% during the assessment period. Global sales of yogurt powders are predicted to total USD 642 million by 2034.
The is estimated to stand at US$ 35.26 billion in 2024. The market is forecasted to exceed a valuation of US$ 51.89 billion by 2034.
The is moving towards growth with US$ 650.5 million in 2024 and is poised to expand to US$ 850.5 million in 2034, covering a CAGR of 2.70% through 2034.
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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