Stevia Market Top Countries Data, Share, Emerging Trends, Covid-19 impact Growth Opportunities Forecast to 2029


Stevia Market: which was valued US$ 570.54 Mn in 2022 and is expected to reach US$ 980.35 Mn by 2029, at a CAGR of 8.04 %  during a forecast period.

Stevia Market Overview: 

Maximize Market Research’s new report, Global Stevia Market 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The study offers a market overview that describes the value chain’s structure, as well as the market’s size, applications, and forecast for the years (2021–2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Stevia market.

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Market Scope:

The research provides an analytical view of the business by studying several elements such as worldwide Stevia market growth, consumption volume, market trends, and company pricing structures throughout the projected period. In-depth research is used in the analysis to examine the market’s complexity. The research provides an overview of the worldwide Stevia market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. Based on productivity and manufacturing base, this market has been investigated in a number of different ways.


by Extract Type
Whole leaf

by Form

by Application
Bakery & confectionery
Tabletop sweeteners
Convenience foods

Throughout the projected period, the powder category is anticipated to expand rapidly. Throughout the world, stevia in powder form is widely utilised. By weight, stevia powder is 250–350 times sweeter than sugar.
The worldwide stevia market is predicted to grow rapidly in the beverages segment. The rising demand for low-calorie beverages—including flavoured water, juices, energy drinks, soft drinks, and sports drinks—is responsible for the market’s expansion.

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Key Players: 

It then discusses the top competitors in the worldwide Stevia market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. The research also evaluates raw material sources, import-export, the value chain, price structure, and the industrial supply chain in addition to capacity utilisation. The following participants are highlighted in this study:

1. Cargill
2. Ingredion Incorporated
3. Tate & Lyle PLC
4. Purecircle Limited
5. GLG Life Tech Corporation
6. Archer Daniels Midland Company
7. Sunwin Stevia International, Inc.
8. S&W Seed Company
9. Pyure Brands LLC
10. Morita Kagakau Kogyo Co. Ltd.
11. Zhucheng Haotian Pharm Co. Ltd
12. Evolva Holding SA
13. Jining Aoxing Stevia Products Co., Ltd.
14. Sweet Green Fields LLC
15. Purevia
16. Bio sweet Ventures
17. Stevia First Corporation
18. Stevia Biotech Pvt. Ltd.
19. Jhanil Healthcare Pvt. Ltd.
20. Van Wankum Ingrediens
21. Real Stevia Company

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Regional Analysis:

The report has analyzed the global Stevia market in the following regions:

  • North America (Mexico, Canada, and the United States)
    . Germany, France, the United Kingdom, Russia, Italy, and the rest of Europe make up the European Union.
    . Asia-Pacific region (including Australia, China, Japan, Korea, Southeast Asia, and Japan)
    . Latin America (Brazil, Argentina, Colombia, and the remaining countries in South America)
  • Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East Africa)

The study offers in-depth perceptions into a wide range of development prospects and obstacles in the aforementioned regions based on various items, applications, end users, and nations, among other factors.  The research also includes key features of the worldwide Stevia market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.

COVID-19 Impact Analysis on Stevia Market:

Practically every industry has been hit by the unprecedented global public health disaster known as COVID-19, and the long-term effects are anticipated to have an impact on industry growth for the duration of the forecast period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The updated research includes new information, analysis, projections, and predictions based on COVID-19’s impact on the market.

The Stevia Market Report provides key answers to the following questions:

  • Which are the major companies in the Stevia market? 
  • Which is the potential market for Stevia in terms of the region?
  • Which application area of Stevia is expected to grow at a significant rate in the market in the next 5 years?
  • What are the opportunities for new market entrants?
  • What will be the Stevia market size by 2027?
  • What are the market’s chances of growth?
  • What is the base year considered in the Stevia market report?
  • Which region dominates the Stevia market in terms of market share?
  • What factors are anticipated to drive the Stevia market?

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