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Stevia Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Stevia MarketThe global Stevia market was valued at US$ 597.2 million in 2023 and is anticipated to reach US$ 1016.5 million by 2030, witnessing a CAGR of 7.8% during the forecast period 2024-2030.
The increasing use of stevia in the pharmaceutical and cosmetics industry will fuel the growth of the stevia market in the coming years. Rapid product innovations and covid 19 have increased consumption of healthy dietary supplements which will spur market growth during the forecast period.
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Rising use for medical and skincare purposes
Stevia is used in drug formulation and for special nutritional requirements. It has antimicrobial, antioxidant, antidiabetic, and antihypertensive properties. Stevia extracts can be used for treating high blood pressure, depression, gastric issues, ulcers, or yeast infections. They are readily available to consume either in granular or powdered form. Furthermore, the plant can be useful in making skin soft, supple, and irritation-free. It removes wrinkles and nourishes the skin. Thus the widespread application will fuel the growth of the stevia market during the forecast period.
Stevia Market Share Analysis
North American market for Stevia is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Stevia is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
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Stevia Market By Type
• Reb-A Series
• STV Series
• Glucosyl Stevia
• Reb M
• Reb D
Stevia Market By Application
• Health Care Products
• Food
• Beverage
• Pharmaceutical Industry
• Cosmetics
• Others
Stevia Marke By Company
• Purecircle Limited
• Qufu Xiangzhou Stevia
• Layn
• Zhucheng Haotian
• Cargill (Evolva)
• Sunwin Stevia International
• GLG Life Tech
• Tate & Lyle
• Morita Kagakau Kogyo
• Tianjin Jianfeng
• Hunan NutraMax
• HuZhou LiuYin Biological
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