Stevia Market Trends, Size, Competitive Analysis 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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