Press release
Stevia Market Projections Show Significant Growth with a CAGR of 8.1% by 2031, PMR Study
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐏𝐃𝐅-https://www.persistencemarketresearch.com/samples/3834
(Use Corporate Mail Id for Quick Response )
Market Size and Growth Potential
The global stevia market is anticipated to reach a value of US$ 0.5 Bn by 2024. Demonstrating robust growth, it is predicted to witness a CAGR of 8.1% during the assessment period, ultimately achieving a market size of US$ 0.9 Bn by 2031. This impressive expansion highlights the growing acceptance of stevia as a natural sweetener in both developed and developing economies.
Key Growth Determinants
Health-Conscious Consumers: Increasing awareness regarding the adverse effects of excessive sugar consumption has shifted consumer preference toward healthier alternatives, fueling stevia adoption.
Regulatory Support: Approval from global regulatory bodies for stevia's use in food and beverages has accelerated its penetration into mainstream markets.
Versatility in Applications: Stevia's compatibility with various applications, such as food, beverages, pharmaceuticals, and personal care products, is driving market growth.
Major Challenges
Taste Perception Issues: Despite its benefits, the aftertaste of stevia remains a barrier for some consumers.
Cost Considerations: Stevia is relatively costlier than artificial sweeteners, which can impact its adoption among cost-sensitive consumers.
Key Trends and Opportunities
Product Innovations: Companies are focusing on improving the taste profile of stevia-based products through advanced extraction and formulation techniques.
Organic and Clean Label Movement: The demand for organic stevia is on the rise as consumers increasingly seek clean-label products.
Expanding Market in Developing Economies: Asia-Pacific and Latin America are emerging as lucrative markets for stevia due to their growing health-conscious populations and expanding food and beverage sectors.
Regional Analysis
North America: The largest market for stevia, driven by strong health trends and regulatory approvals.
Europe: Increasing adoption of stevia in confectionery and beverages is boosting the market in this region.
Asia-Pacific: The fastest-growing region due to its large population base and increasing demand for low-calorie sweeteners.
Latin America: Rising awareness about the benefits of stevia is propelling its growth in this region.
Competitive Landscape
The stevia market is highly competitive, with key players focusing on product innovation, strategic partnerships, and market expansion.
Leading companies include:
Cargill, Incorporated
Ingredion Incorporated
PureCircle Ltd. (A Subsidiary of Ingredion)
Tate & Lyle PLC
Archer Daniels Midland Company
GLG Life Tech Corporation
Market Segmentation
By Nature
Organic
Conventional
By Form
Powder
Liquid
Dried leaves
By End Use
Food and Beverage
Bakery and Confectionery
Dairy Products
Beverages
Others
Dietary Supplements
Household/Retail
Others
By Distribution Channel
Business to Business
Business to Consumer
Hypermarkets/Supermarkets
Convenience Stores
Online Retail
Others
By Region
North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East Africa
Future Outlook
The stevia market is set to witness substantial growth as consumers continue to prioritize health and wellness. Innovations in taste enhancement and expanding applications across industries will play a pivotal role in shaping the future of the market.
About Persistence Market Research:
At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.
Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.
Contact Us:
Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Stevia Market Projections Show Significant Growth with a CAGR of 8.1% by 2031, PMR Study here
News-ID: 3804311 • Views: …
More Releases from Persistence Market Research
Europe Calf Milk Replacer Market to Reach US$1,657.2 Mn by 2032 | Driven by Risi …
The Europe calf milk replacer market is poised for significant growth over the coming years. The market size is projected to reach US$1,018.6 million in 2025 and is anticipated to expand to US$1,657.2 million by 2032, registering a robust compound annual growth rate (CAGR) of 7.2% during the forecast period from 2025 to 2032. The growth trajectory is driven by the increasing awareness among dairy farmers regarding the nutritional requirements…
Croscarmellose Sodium Market to Reach $487 Mn by 2032, Driven by Rising Pharma D …
The global croscarmellose sodium market is projected to witness significant expansion over the forecast period, reflecting the growing adoption of pharmaceutical excipients across diverse applications. Valued at approximately US$ 288.7 million in 2025, the market is expected to reach US$ 487.0 million by 2032, registering a compound annual growth rate (CAGR) of 7.8% from 2025 to 2032. This growth trajectory is driven primarily by increasing demand for orally disintegrating tablets…
Europe Egg Replacement Ingredients Market to Reach $1,711.1 Mn by 2032, Driven b …
The Europe egg replacement ingredients market is witnessing significant expansion, driven by the increasing adoption of plant-based diets and rising consumer awareness regarding health and wellness. The market size is projected to reach US$ 952.2 million in 2025 and is expected to surge to US$ 1,711.1 million by 2032, registering a robust CAGR of 8.7% over the forecast period from 2025 to 2032. The growing demand for clean-label products, vegan…
Kraft Paper Market to Reach US$ 25.0 Billion by 2032: Growth Driven by Rising De …
The global Kraft Paper market is undergoing significant expansion, driven by the accelerating shift toward eco-friendly packaging materials and the rising global awareness surrounding sustainability. As industries worldwide transition from plastic-based packaging to biodegradable alternatives, kraft paper has emerged as one of the most sought-after materials due to its strength, recyclability, and versatility.
According to the latest study by Persistence Market Research, the global Kraft Paper market size is projected to…
More Releases for Stevia
Stevia Market Hits New High | Major Giants Haigen Stevia, Stevia Product, PureCi …
HTF MI recently introduced Global Stevia Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market size (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major Companies in Stevia Market are: PureCircle (Malaysia), GLG Life Tech Corp (Canada), Julong High-tech (China), Biolotus Technology (China), Haotian Pharm (China), Cargill-Layn (United…
Stevia Extracts Market Is Booming Worldwide: Naturex, Cargill, Stevia Corp.
The Latest Released Stevia Extracts market study has evaluated the future growth potential of Stevia Extracts market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges,…
Stevia Rebaudiana Market to See Huge Growth by 2028 | Stevia Sweetener, Stevia N …
Worldwide Stevia Rebaudiana Market In-depth Research Report 2021, Forecast to 2026 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Worldwide Stevia Rebaudiana Market. Some of the key players profiled in the study are PureCircle,…
Stevia Market by Top Manufacturers PureCircle, GLG Life Tech Corp, Julong High-t …
This research report is equipped with the information categorising for Stevia Market by parameters such as players, brands, regions, types and application. The report also details the information about the global market status, competition landscape, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements.
This report also covers the study relating to the key regions for the global market size for the…
Global Stevia / Stevia Rebaudiana Market 2018 - Pepsi Co., Pure Circle Ltd, Stev …
Accord Market, recently published a detailed market research study focused on the “Stevia / Stevia Rebaudiana Market” across the global, regional and country level. The report provides 360° analysis of “Stevia / Stevia Rebaudiana Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
Stevia Market
Parent Market Analysis
Sweetener market comprises ofcaloric and non-caloric sweeteners. Among which caloric sweetener includes sucrose, table sugar, raw sugar, and others. Whereas non caloric sweetener have been further segmented into natural as well as synthetic sweeteners. The natural sweeteners are further classified as low potency and high potency sweetener whereas synthetic sweeteners include advantame, aspartame, sucralose and others. Increased consumer awareness towards low caloric food across the globe has changed…
