Stevia Market Size, Share, Analysis, Industry Report and Forecast 2022-2028

The global stevia market is anticipated to grow at a considerable CAGR of 9.4% during the forecast period (2021-2027). The beverage industry in the US is flourishing, owing to a strong export and import sector, a big client base, and rising affordability. Soft drink sales represent one of the fastest-growing categories of the beverage market in the US. According to the Beverage Digest, carbonated soft drink sales accounted for $2.9 billion of the nation's $146 billion beverage market in 2019. Coca-Cola Zero Sugar was declared the fastest growing soft drink in the survey, with an 11.5% increase in retail value and an 8% increase in volume.

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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in November 2018, Cargill Inc announced a partnership with Royal DSM to produce highly sought-after sweet-tasting molecules such as steviol glycosides Reb M and Reb D through fermentation, providing food and beverage manufacturers with an even more scalable, sustainable, and low cost-in-use solution under the EverSweet brand. Further, in March 2019, Tate & Lyle announced its partnership with Sweet Green Fields (SGF) to introduce ZOLESSE, a glucosylated stevia extract labelled as a natural flavor. ZOLESSE, a new natural flavour is an effort to enable food and beverage companies produce great-tasting products that match rising customer demand for clean-label ingredients at a lower cost than alternatives.

Market Coverage

• The market number available for - 2021-2028

• Base year- 2021

• Forecast period- 2022-2028

Segment Covered-

• By Product form

• By Application

Regions Covered

• North America

• Europe

• Asia-Pacific

• Rest of the World

Competitive Landscape- GLG Life Tech Corp., Ingredion Inc, Tate & Lyle PLC, The Coca-Cola Co, PepsiCo Inc., Cargill Inc., Evolva Holding S.A.

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Global Stevia Market Report by Segment

By Product Form

• Powder

• Liquid

• Leaf

By Application

• Bakery

• Dairy Food Products

• Beverages

• Dietary Supplements

• Confectionery

• Others (Convenience foods)

Global Stevia Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

• Archer Daniels Midland Company

• Cargill Inc

• Evolva Holding SA

• GLG Life Tech Corporation

• Guilin Layn Natural Ingredients Corp

• Haihang Indsutry Co

• Hyet Sweet BV

• Ingredion Inc

• Koninklijke DSM NV

• Morita Kagakau Kogyo Co. Ltd.

• PepsiCo Inc.

• Purecircle Limited

• PureCircle Ltd

• Pyure Brands LLC

• S&W Seed Company

• Stevia Biotech Pvt Ltd

• Sunwin Stevia International, Inc.

• Tate & Lyle PLC

• Van Wankum Ingredients BV

• Zhucheng Haotian Pharm Co. Ltd

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