Stevia Market, by Extract Type (Liquid Extract (Clear, and Dark), Powder Extract (Stevia Blends, Glycoside (40-50%), and Glycoside (40-50%)), and Leaf), by Application (Dairy Food Products (Ice Cream, Yogurt, and Flavored Milk), Bakery Products (Bread & R

Stevia Market, by Extract Type (Liquid Extract (Clear, and Dark), Powder Extract (Stevia Blends, Glycoside (40-50%), and Glycoside (40-50%)), and Leaf), by Application (Dairy Food Products (Ice Cream, Yogurt, and Flavored Milk), Bakery Products (Bread & Rolls, Biscuits, Cakes, and Others), Dietary Supplements, Beverages (Energy Drinks, Soft Drinks, Hot Drinks, Flavored Drinks, Natural Sweetened Water), Packaged Food Products (Pickles, Jam, Sauce, Chilled, Nutritional Products, and Frozen Food), Confectionery Products, Snacks (Potato Chips, Processed Snacks, and Others), Table Top Sweeteners, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Stevia refers to around 240 species of herbs and shrubs of the sunflower family Asteraceae. Stevia is used as a sweetener and sugar replacer which is obtained from green leaves of stevia plants. Stevia has various health benefits such as lowering blood glucose and blood pressure levels. Stevia has zero calories, making it popular for use in food & beverage products. Stevia is mostly used in baked goods, dairy products, beverages, confectionery products, and nutritional supplements.
Major players operating in the stevia market are focusing on various strategies such as capacity expansion in order to meet the increasing demand of stevia and strengthen their market presence. For instance, in 2017, PureCircle (manufacturer of stevia ingredients) completed expansion of its stevia plant-based in Malaysia. The expansion of the production facility will help PureCircle to double its production capacity.
Moreover, key players are focusing on various strategies such as new product launches in order to expand their product portfolio. For instance, in 2018, Cargill, Inc. launched EverSweet, a new stevia sweetener for U.S. confectionery market. The sweetener was created through fermentation, and can be used in variety of confectionery applications including chocolate, chewing gum, as well as hard candy and mints.
Growing demand for antioxidants and natural ingredient products due to increasing consumption of low-calorie food around the globe is expected to provide potential opportunities for stevia manufacturers. Changing demographics on a global scale coupled with the increasing focus of the key manufacturers to enhance the supply chain infrastructure is expected to propel the market growth of stevia. Backward integration from manufacturers to raw material suppliers will further favor the market growth.
Key features of the study:
This report provides in-depth analysis of stevia market, and provides market size (US$ Million and Tons) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global stevia market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Nestlé S.A., The Coca-Cola Company, PepsiCo Inc., Cargill Inc., Evolva Holding S.A., PureCircle Ltd., Stevia Corp., Ingredion Inc., GLG Life Tech Corp., and Tate & Lyle Plc.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
The global stevia market report caters to various stakeholders in this industry including investors, suppliers, stevia manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global stevia market
Detailed Segmentation:
Global Stevia Market, By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
Global Stevia Market, By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Global Stevia Market, By Region:
North America
U.S.
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Canada
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Europe
U.K.
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Italy
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
France
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Germany
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Spain
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Russia
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Rest of Europe
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Asia Pacific
China
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
India
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Japan
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
ASEAN
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Australia
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Rest of Asia Pacific
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Latin America
Brazil
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Argentina
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Mexico
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Rest of Latin America
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Middle East & Africa
Middle East
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Africa
By Extract Type:
Liquid Extract
Clear
Dark
Powder Extract
Stevia Blends
Glycoside (40–50%)
Glycoside (80–95%)
Leaf
By Application:
Dairy Food Products
Ice Cream
Yogurt
Flavored Milk
Bakery Products
Bread & Rolls
Biscuits
Cakes
Others
Dietary Supplements
Beverages
Energy Drinks
Soft Drinks
Hot Drinks
Flavored Drinks
Natural Sweetened Water
Packaged Food Products
Pickles
Jam
Sauce
Chilled
Nutritional Products
Frozen Food
Confectionery Products
Snacks
Potato Chips
Processed Snacks
Other Snacks
Table Top Sweeteners
Others
Company Profiles
Nestle S.A. *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
The Coca-Cola Company
PepsiCo Inc.
Cargill Inc.
Evolva Holding S.A.
PureCircle Ltd.
Stevia Corp.
Ingredion Inc.
GLG Life Tech Corp.
Tate & Lyle Plc.
“*” marked represents similar segmentation in other categories in the respective section.