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Stevia Global Market Report 2025: Skiing towards $1.03 Billion Growth at 11.6% CAGR, Impacted by Health Trends and Increasing Obesity Concerns
Stevia Global Market Report 2025
What Is The Projected Market Size Of The Global Stevia Global Market Report 2025 And Its Growth Rate?
The global stevia market is expected to witness rapid growth in the upcoming years.
•The market is projected to grow from $0.92 billion in 2024 to $1.03 billion in 2025, marking a CAGR of 11.6%. This growth is influenced by health and wellness trends, increasing obesity concerns, preference for natural ingredients, regulatory support, and consumer shift from artificial sweeteners.
•The stevia market size is expected to observe a faster momentum by reaching $1.67 billion by 2029, with a CAGR of 12.8%. The growth drivers of the forecast period include continued health consciousness, rising diabetes awareness, expanding food & beverage industry, preference for clean label products, and global dietary shifts.
What Is Driving The Growth In The Stevia Global Market Report 2025?
Growing concerns about diabetes and obesity are driving the demand for stevia, thereby propelling the market growth. Unhealthy lifestyle and increased stress levels, resulting in higher risks of obesity-related diseases such as diabetes, heart disease, and certain cancers, are key factors contributing to its demand. For instance, in 2022, 63.8% of adults aged 18 and older in the UK were classified as overweight or obese, an increase of 0.5% from the previous year, according to the Office for Health Improvement and Disparities. This has fueled the demand for health-friendly alternatives like stevia, thus driving market growth.
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Who Are the Key Players Driving Stevia Global Market Report 2025 Growth?
Prominent players influencing the global stevia market include:
•Cargill Inc.
•Archer Daniels Midland Company
•PepsiCo Inc.
•The Coca-Cola Company
•Ingredion Incorporated
•WhiteWave Services Inc.
•Tate & Lyle plc
•SunOpta Inc.
•SweetLeaf Stevia
What Are The Key Trends In The Stevia Global Market Report 2025?
Key trends driving the stevia market growth include:
•Development of stevia-infused functional and wellness products
•Increasing utilization in non-alcoholic and alcoholic beverages
•Introduction of stevia-based sweet snacks and confectionery
•Shift towards clear and transparent stevia labeling
•Collaborations and partnerships in stevia research and development
What Are The Segments Of The Global Stevia Global Market Report 2025?
The stevia market is segmented by:
1) Product: Powder, Liquid, Leaf
2) Nature: Organic, Conventional
3) Application: Bakery, Dairy Food Products, Beverages, Dietary Supplements, Confectionery, Other Applications
Which Region Leads The Stevia Global Market Report 2025?
Asia-Pacific represented the largest share of the stevia market in 2024 and is expected to be the fastest-growing region during the forecast period. The stevia market report covers various regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Stevia Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Stevia Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Stevia Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Stevia Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Stevia Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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