Stevia Market Size is Projected to Reach USD 1,169.4 Million

|Jun 10|magazine17 min read

BANGALORE, India, June 10, 2020 /PRNewswire/ -- The global stevia market size was valued at USD 637.1 Million in 2018 and is projected to reach USD 1,169.4 Million by 2026, growing at a CAGR of 8.0% from 2019 to 2026.

Stevia is part of the sugar substitute market. Stevia sweeteners are made by extracting steviol glycosides from the leaves of the stevia plant and purifying them to remove some of the bitter attributes found in the crude extract. Due to the adoption of a health cautions lifestyle, people are more inclined to use stevia as a substitute for sugar. Stevia is available in powdered, liquid, and leaf form, and is used for applications such as bakery, dairy products, desserts, pastries, dietary supplements, and others.

The stevia market report provides a quantitative analysis of the current stevia market trend, estimates, and dynamics of the global stevia market size from 2019 through 2026. The report analyzes the market share of all the major regions are mapped based on industry segment and size 

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TRENDS INFLUENCING THE STEVIA MARKET SIZE

  • The increasing need for an alternative sweetener that does not compromise on taste is increasing stevia market size. Due to its heightened sweetness, stevia acts as the perfect alternative for sugar. This feature is expected to fuel the growth of the stevia market.
  • Growing awareness about the health benefits of low-calorie consumables is a significant driver for the growth of stevia market size. Furthermore, a significant rise in the incidence of diabetes, cardiovascular diseases, and the obese population worldwide has increased the demand for stevia-containing foods.
  • The proliferation of distribution channels such as online shops, discount stores, supermarkets, and hypermarkets has made stevia easily available to customers. This widespread availability is, in turn, expected to boost the growth of stevia market size.
  • R&D projects for new stevia varieties, and enhancing product flavor are likely to help in the expansion of stevia market size. The increasing use of stevia in the pharmaceutical sector is also expected to boost the market growth.
  • High costs involved in engaging highly skilled labor and equipment for the colex stevia formulation process is a restraint to stevia market growth.

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STEVIA MARKET SHARE ANALYSIS

  • Liquid stevia is projected to be the fastest-growing segment as consumers prefer stevia to sweeten recipes in liquid form. A few drops of the liquid stevia extract replace a teaspoon of cane sugar and are useful for coffee, teas, and smoothies sweetening.
  • IN terms of region, Asia Pacific is expected to hold the largest stevia market share. This dominance of Asia Pacific can be attributed to the rapid population growth and widespread adoption of stevia as a healthier alternative for sugar.
  • The U.S. has the highest stevia consumption as a sweetener among all North American countries
  • Europe is also expected to see a high growth rate during the forecast period due to the growing number of health-conscious consumers in the region.

KEY MARKET SEGMENTS:

By Form

  • Liquid
  • Powder
  • Others

By End User

  • Food & Beverages
  • Pharmaceuticals
  • Retail
  • Others

By Distribution Channel

  • Direct Channel
  • Indirect Channel

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By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Australia
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

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SIMILAR REPORTS

  • Stevia Extract Market Report

Global Stevia Extract market size is expected to reach 790 Million USD by 2025, from 440 Million USD in 2018, at a CAGR of 7.6% during the forecast period.  Asia-Pacific has the largest global export quantity and producers in the Stevia Extract industry, while North America is the second-largest in terms of sales volume.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-2169/global-stevia-extract

  • Food and Beverage Stevia Market Report

The Food and Beverage Stevia market report offers information on the size of the market in different regions (countries). The study includes a market size for the period 2015-2026, country-wise, and region-wise. It also includes market size and the Product and Application segment forecast for the period 2015-2026 in terms of sales and revenue.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-7O807/global-food-and-beverage-stevia

  • COVID-19 Impact on the Whole Leaf Extracted Stevia Market Report

The COVID -19 pandemic has spread to nearly 100 countries across the globe since the outbreak in December 2019. The global impacts of the 2019 coronavirus disease (COVID-19) are already starting to be felt and will affect the Whole Leaf Extracted Stevia Market significantly in 2020.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-0B252/whole-leaf-extracted-stevia

  • COVID-19 Impact on STV Stevia Market Report

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-0D251/stv-stevia

  • COVID-19 Impact on Reb-A Series Stevia Market Report

This report provides a complete quantitative data and qualitative analysis of the global Reb-A Series Stevia market size. Market size is analyzed by country, product type, application, and competitors. Expanded coverage includes additional end-user industry breakdowns and in-depth producer profiles.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-37R2029/global-reb-a-stevia

  • Stevia/Stevia Rebaudiana Market Report

Stevia, which is derived from the plant Stevia Rebaudiana, has a very low glycemic index and does not shoot up the blood sugar levels, making it ideal for diabetic patients. Besides this, stevia 's non-cariogenic nature makes it gentle on teeth. China is the largest manufacturing market region in the world. Leading players in the manufacturing of the Stevia Rebaudiana market are PureCircle, GLG Life Tech Corp, Julong High-tech.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-1167/global-stevia-rebaudiana

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