Global Stevia Market Size, Share & Trends Analysis Report By Distribution Channel (Offline, and Online), By Form (Powder, Liquid, and Leaf), By End User (Food & Beverages, Retail, Pharmaceuticals, and Others), By Type, By Regional Outlook and Forecast, 20

Global Stevia Market Size, Share & Trends Analysis Report By Distribution Channel (Offline, and Online), By Form (Powder, Liquid, and Leaf), By End User (Food & Beverages, Retail, Pharmaceuticals, and Others), By Type, By Regional Outlook and Forecast, 2024 - 2031


The Global Stevia Market size is expected to reach $1.5 billion by 2031, rising at a market growth of 7.8% CAGR during the forecast period. In the year 2023, the market attained a volume of 12,488.77 tonnes, experiencing a growth of 11.5% (2020-2023).

To meet the demands of health-conscious consumers, food and beverage companies are integrating stevia into an extensive array of products, such as baked goods, confectionery, dairy, and beverages. Thus, the food and beverage segment acquired $289.77 million in 2023. Also, the Canada market would consume 271.20 tonnes of stevia in food and beverage segment. Soft drink manufacturers are reformulating their products to reduce sugar content and appeal to health-conscious consumers. Stevia offers an ideal solution for achieving sweetness without the added calories of sugar.

Stevia offers sweetness without the calories. Stevia is virtually devoid of calories, as opposed to sugar, which is abundant in calories and has been linked to adverse health effects, including weight gain. This makes it an attractive option for individuals looking to reduce their calorie intake, manage their weight, or maintain a healthier diet. Thus, these factors can help in the growth of the market.

Additionally, Stevia’s plant-based origin resonates with consumers looking for clean-label options closer to nature. An essential characteristic of stevia is its capacity to impart sweetness to products while preventing the addition of calories. Hence, these aspects will pose lucrative growth prospects for the market.

However, many consumers have grown accustomed to the taste of sugar and may find stevia’s flavor profile to be noticeably different. The perceived aftertaste or bitterness of stevia can be off-putting to individuals accustomed to sugar’s clean sweetness, leading them to prefer traditional sweeteners over Stevia-based alternatives. Therefore, these aspects can restrain the growth of the market.

Distribution Channel Outlook

Based on distribution channel, the market is divided into offline and online. In 2023, the offline segment witnessed a 64% revenue share in the market. In terms of volume, the offline segment would consume 15,120.56 tonnes of stevia by 2031. The growing popularity of stevia as a natural sweetener has led to increased retail presence and shelf space in stores worldwide.

Form Outlook

Based on form, the market is segmented into powder, liquid, and leaf. In 2023, the liquid segment garnered a significant 36% revenue share in the market. In terms of volume, the liquid segment would consume 6,691.18 tonnes of stevia by 2031. Liquid stevia products offer convenience and ease of use, allowing consumers to precisely control the sweetness level in beverages, foods, and recipes. The liquid form allows easy mixing and blending, making it suitable for various applications, including beverages, smoothies, baked goods, and desserts. Therefore, owing to these factors, there will be enhanced demand in the segment.

End User Outlook

On the basis of end user, the market is divided into food & beverages, pharmaceuticals, retail and others. The food and beverages segment recorded 34.3% revenue share in the market in 2023. In terms of volume, the food and beverages segment would consume 4,319.86 tonnes of stevia by 2031. As governments and public health organizations implement measures to address rising obesity rates and sugar-related health issues, there is growing demand for low-calorie and sugar-free options in the food and beverage industry.

Type Outlook

By type, the market is segmented into reb A, reb M, and reb D. In 2023, the reb M segment acquired a considerable 31% revenue share in the market. In terms of volume, the reb M segment would consume 8,258.93 tonnes of stevia by 2031. Consumers are increasingly seeking natural ingredients with minimal processing. Reb M fits this trend perfectly as it is derived from the stevia leaf and is perceived as a more natural alternative to artificial sweeteners.

Regional Outlook

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured a 38.4% revenue share in the market in 2023. In terms of volume, the Asia Pacific region would consume 10,580.98 tonnes of stevia by 2031. In recent years, as a result of rising obesity rates and other associated health issues (e.g., cardiovascular disease, diabetes), consumers in Asia Pacific have become more health conscious. As a result, there is a growing preference for healthier dietary choices, including reduced sugar consumption. Hence, the segment will grow rapidly in the coming years.

Recent Strategies Deployed in the Market
  • 2024-Feb: Tate & Lyle PLC came into partnership with Cryptobiotix, pioneers in preclinical gastrointestinal research. With this partnership, the company aimed to advance understanding regarding the role of low and no-calorie sweeteners in the diet.
  • 2023-Mar: Tate & Lyle PLC signed a distribution partnership with IMCD, a large distributor of pharmaceutical ingredients and excipients. Through this partnership, the company aimed to expand its offering of sweetening, texture, stabilization, and fortification solutions to the food, beverage, nutrition, and supplement industries in Brazil.
  • 2023-Jul: Tate & Lyle PLC revealed a new addition to its sweetener portfolio – TASTEVA SOL Stevia Sweetener. This innovation, internationally patent protected, represents a breakthrough in stevia technology. It enhances Tate & Lyle's capacity to assist customers in resolving stevia solubility challenges in food and beverages, thus fulfilling consumer demand for healthier and more flavorful products with reduced sugar and calories.
  • 2022-Nov: Tate & Lyle PLC unveiled ERYTESSE Erythritol, a new addition to its sweetener portfolio. With this launch, the company expands its ability to assist customers in meeting consumer demand for healthier, sugar, and calorie-reduced products, and it extends Tate & Lyle’s position as the world leader in ingredient solutions for healthier food and beverages. ERYTESSE™ Erythritol possesses a clean taste and bulking properties that render it ideal for aiding manufacturers in meeting this demand, thus strengthening Tate & Lyle’s existing sweetening toolbox, as well as its overall portfolio.
  • 2021-Sep: Ingredion Incorporated signed an agreement with S&W Seed Company, an agricultural seed technology company. Under this agreement, S&W will utilize its proprietary stevia plant portfolio and production techniques in order to provide Ingredion and its subsidiary PureCircle with high-quality stevia plants sourced from the United States.
List of Key Companies Profiled
  • Ingredion Incorporated
  • Tate & Lyle Plc
  • The Coca Cola Company
  • PepsiCo, Inc.
  • Archer Daniels Midland Company
  • Pyure Brands, LLC
  • Cargill, Incorporated
  • S&W Seed Company
  • Morita Kagaku Kogyo Co., Ltd.
  • Evolva Holdings SA
Global Stevia Market Report Segmentation

By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
  • Offline
  • Online
By Form (Volume, Tonnes, USD Billion, 2020-2031)
  • Powder
  • Liquid
  • Leaf
By End User (Volume, Tonnes, USD Billion, 2020-2031)
  • Food & Beverages
  • Retail
  • Pharmaceuticals
  • Others
By Type (Volume, Tonnes, USD Billion, 2020-2031)
  • Reb A
  • Reb M
  • Reb D
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Stevia Market, by Distribution Channel
1.4.2 Global Stevia Market, by Form
1.4.3 Global Stevia Market, by End User
1.4.4 Global Stevia Market, by Type
1.4.5 Global Stevia Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Stevia Market by Distribution Channel
4.1 Global Offline Market by Region
4.2 Global Online Market by Region
Chapter 5. Global Stevia Market by Form
5.1 Global Powder Market by Region
5.2 Global Liquid Market by Region
5.3 Global Leaf Market by Region
Chapter 6. Global Stevia Market by End User
6.1 Global Food & Beverages Market by Region
6.2 Global Retail Market by Region
6.3 Global Pharmaceuticals Market by Region
6.4 Global Others Market by Region
Chapter 7. Global Stevia Market by Type
7.1 Global Reb A Market by Region
7.2 Global Reb M Market by Region
7.3 Global Reb D Market by Region
Chapter 8. Global Stevia Market by Region
8.1 North America Stevia Market
8.1.1 North America Stevia Market by Distribution Channel
8.1.1.1 North America Offline Market by Region
8.1.1.2 North America Online Market by Region
8.1.2 North America Stevia Market by Form
8.1.2.1 North America Powder Market by Country
8.1.2.2 North America Liquid Market by Country
8.1.2.3 North America Leaf Market by Country
8.1.3 North America Stevia Market by End User
8.1.3.1 North America Food & Beverages Market by Country
8.1.3.2 North America Retail Market by Country
8.1.3.3 North America Pharmaceuticals Market by Country
8.1.3.4 North America Others Market by Country
8.1.4 North America Stevia Market by Type
8.1.4.1 North America Reb A Market by Country
8.1.4.2 North America Reb M Market by Country
8.1.4.3 North America Reb D Market by Country
8.1.5 North America Stevia Market by Country
8.1.5.1 US Stevia Market
8.1.5.1.1 US Stevia Market by Distribution Channel
8.1.5.1.2 US Stevia Market by Form
8.1.5.1.3 US Stevia Market by End User
8.1.5.1.4 US Stevia Market by Type
8.1.5.2 Canada Stevia Market
8.1.5.2.1 Canada Stevia Market by Distribution Channel
8.1.5.2.2 Canada Stevia Market by Form
8.1.5.2.3 Canada Stevia Market by End User
8.1.5.2.4 Canada Stevia Market by Type
8.1.5.3 Mexico Stevia Market
8.1.5.3.1 Mexico Stevia Market by Distribution Channel
8.1.5.3.2 Mexico Stevia Market by Form
8.1.5.3.3 Mexico Stevia Market by End User
8.1.5.3.4 Mexico Stevia Market by Type
8.1.5.4 Rest of North America Stevia Market
8.1.5.4.1 Rest of North America Stevia Market by Distribution Channel
8.1.5.4.2 Rest of North America Stevia Market by Form
8.1.5.4.3 Rest of North America Stevia Market by End User
8.1.5.4.4 Rest of North America Stevia Market by Type
8.2 Europe Stevia Market
8.2.1 Europe Stevia Market by Distribution Channel
8.2.1.1 Europe Offline Market by Country
8.2.1.2 Europe Online Market by Country
8.2.2 Europe Stevia Market by Form
8.2.2.1 Europe Powder Market by Country
8.2.2.2 Europe Liquid Market by Country
8.2.2.3 Europe Leaf Market by Country
8.2.3 Europe Stevia Market by End User
8.2.3.1 Europe Food & Beverages Market by Country
8.2.3.2 Europe Retail Market by Country
8.2.3.3 Europe Pharmaceuticals Market by Country
8.2.3.4 Europe Others Market by Country
8.2.4 Europe Stevia Market by Type
8.2.4.1 Europe Reb A Market by Country
8.2.4.2 Europe Reb M Market by Country
8.2.4.3 Europe Reb D Market by Country
8.2.5 Europe Stevia Market by Country
8.2.5.1 Germany Stevia Market
8.2.5.1.1 Germany Stevia Market by Distribution Channel
8.2.5.1.2 Germany Stevia Market by Form
8.2.5.1.3 Germany Stevia Market by End User
8.2.5.1.4 Germany Stevia Market by Type
8.2.5.2 UK Stevia Market
8.2.5.2.1 UK Stevia Market by Distribution Channel
8.2.5.2.2 UK Stevia Market by Form
8.2.5.2.3 UK Stevia Market by End User
8.2.5.2.4 UK Stevia Market by Type
8.2.5.3 France Stevia Market
8.2.5.3.1 France Stevia Market by Distribution Channel
8.2.5.3.2 France Stevia Market by Form
8.2.5.3.3 France Stevia Market by End User
8.2.5.3.4 France Stevia Market by Type
8.2.5.4 Russia Stevia Market
8.2.5.4.1 Russia Stevia Market by Distribution Channel
8.2.5.4.2 Russia Stevia Market by Form
8.2.5.4.3 Russia Stevia Market by End User
8.2.5.4.4 Russia Stevia Market by Type
8.2.5.5 Spain Stevia Market
8.2.5.5.1 Spain Stevia Market by Distribution Channel
8.2.5.5.2 Spain Stevia Market by Form
8.2.5.5.3 Spain Stevia Market by End User
8.2.5.5.4 Spain Stevia Market by Type
8.2.5.6 Italy Stevia Market
8.2.5.6.1 Italy Stevia Market by Distribution Channel
8.2.5.6.2 Italy Stevia Market by Form
8.2.5.6.3 Italy Stevia Market by End User
8.2.5.6.4 Italy Stevia Market by Type
8.2.5.7 Rest of Europe Stevia Market
8.2.5.7.1 Rest of Europe Stevia Market by Distribution Channel
8.2.5.7.2 Rest of Europe Stevia Market by Form
8.2.5.7.3 Rest of Europe Stevia Market by End User
8.2.5.7.4 Rest of Europe Stevia Market by Type
8.3 Asia Pacific Stevia Market
8.3.1 Asia Pacific Stevia Market by Distribution Channel
8.3.1.1 Asia Pacific Offline Market by Country
8.3.1.2 Asia Pacific Online Market by Country
8.3.2 Asia Pacific Stevia Market by Form
8.3.2.1 Asia Pacific Powder Market by Country
8.3.2.2 Asia Pacific Liquid Market by Country
8.3.2.3 Asia Pacific Leaf Market by Country
8.3.3 Asia Pacific Stevia Market by End User
8.3.3.1 Asia Pacific Food & Beverages Market by Country
8.3.3.2 Asia Pacific Retail Market by Country
8.3.3.3 Asia Pacific Pharmaceuticals Market by Country
8.3.3.4 Asia Pacific Others Market by Country
8.3.4 Asia Pacific Stevia Market by Type
8.3.4.1 Asia Pacific Reb A Market by Country
8.3.4.2 Asia Pacific Reb M Market by Country
8.3.4.3 Asia Pacific Reb D Market by Country
8.3.5 Asia Pacific Stevia Market by Country
8.3.5.1 China Stevia Market
8.3.5.1.1 China Stevia Market by Distribution Channel
8.3.5.1.2 China Stevia Market by Form
8.3.5.1.3 China Stevia Market by End User
8.3.5.1.4 China Stevia Market by Type
8.3.5.2 Japan Stevia Market
8.3.5.2.1 Japan Stevia Market by Distribution Channel
8.3.5.2.2 Japan Stevia Market by Form
8.3.5.2.3 Japan Stevia Market by End User
8.3.5.2.4 Japan Stevia Market by Type
8.3.5.3 India Stevia Market
8.3.5.3.1 India Stevia Market by Distribution Channel
8.3.5.3.2 India Stevia Market by Form
8.3.5.3.3 India Stevia Market by End User
8.3.5.3.4 India Stevia Market by Type
8.3.5.4 South Korea Stevia Market
8.3.5.4.1 South Korea Stevia Market by Distribution Channel
8.3.5.4.2 South Korea Stevia Market by Form
8.3.5.4.3 South Korea Stevia Market by End User
8.3.5.4.4 South Korea Stevia Market by Type
8.3.5.5 Singapore Stevia Market
8.3.5.5.1 Singapore Stevia Market by Distribution Channel
8.3.5.5.2 Singapore Stevia Market by Form
8.3.5.5.3 Singapore Stevia Market by End User
8.3.5.5.4 Singapore Stevia Market by Type
8.3.5.6 Malaysia Stevia Market
8.3.5.6.1 Malaysia Stevia Market by Distribution Channel
8.3.5.6.2 Malaysia Stevia Market by Form
8.3.5.6.3 Malaysia Stevia Market by End User
8.3.5.6.4 Malaysia Stevia Market by Type
8.3.5.7 Rest of Asia Pacific Stevia Market
8.3.5.7.1 Rest of Asia Pacific Stevia Market by Distribution Channel
8.3.5.7.2 Rest of Asia Pacific Stevia Market by Form
8.3.5.7.3 Rest of Asia Pacific Stevia Market by End User
8.3.5.7.4 Rest of Asia Pacific Stevia Market by Type
8.4 LAMEA Stevia Market
8.4.1 LAMEA Stevia Market by Distribution Channel
8.4.1.1 LAMEA Offline Market by Country
8.4.1.2 LAMEA Online Market by Country
8.4.2 LAMEA Stevia Market by Form
8.4.2.1 LAMEA Powder Market by Country
8.4.2.2 LAMEA Liquid Market by Country
8.4.2.3 LAMEA Leaf Market by Country
8.4.3 LAMEA Stevia Market by End User
8.4.3.1 LAMEA Food & Beverages Market by Country
8.4.3.2 LAMEA Retail Market by Country
8.4.3.3 LAMEA Pharmaceuticals Market by Country
8.4.3.4 LAMEA Others Market by Country
8.4.4 LAMEA Stevia Market by Type
8.4.4.1 LAMEA Reb A Market by Country
8.4.4.2 LAMEA Reb M Market by Country
8.4.4.3 LAMEA Reb D Market by Country
8.4.5 LAMEA Stevia Market by Country
8.4.5.1 Brazil Stevia Market
8.4.5.1.1 Brazil Stevia Market by Distribution Channel
8.4.5.1.2 Brazil Stevia Market by Form
8.4.5.1.3 Brazil Stevia Market by End User
8.4.5.1.4 Brazil Stevia Market by Type
8.4.5.2 Argentina Stevia Market
8.4.5.2.1 Argentina Stevia Market by Distribution Channel
8.4.5.2.2 Argentina Stevia Market by Form
8.4.5.2.3 Argentina Stevia Market by End User
8.4.5.2.4 Argentina Stevia Market by Type
8.4.5.3 UAE Stevia Market
8.4.5.3.1 UAE Stevia Market by Distribution Channel
8.4.5.3.2 UAE Stevia Market by Form
8.4.5.3.3 UAE Stevia Market by End User
8.4.5.3.4 UAE Stevia Market by Type
8.4.5.4 Saudi Arabia Stevia Market
8.4.5.4.1 Saudi Arabia Stevia Market by Distribution Channel
8.4.5.4.2 Saudi Arabia Stevia Market by Form
8.4.5.4.3 Saudi Arabia Stevia Market by End User
8.4.5.4.4 Saudi Arabia Stevia Market by Type
8.4.5.5 South Africa Stevia Market
8.4.5.5.1 South Africa Stevia Market by Distribution Channel
8.4.5.5.2 South Africa Stevia Market by Form
8.4.5.5.3 South Africa Stevia Market by End User
8.4.5.5.4 South Africa Stevia Market by Type
8.4.5.6 Nigeria Stevia Market
8.4.5.6.1 Nigeria Stevia Market by Distribution Channel
8.4.5.6.2 Nigeria Stevia Market by Form
8.4.5.6.3 Nigeria Stevia Market by End User
8.4.5.6.4 Nigeria Stevia Market by Type
8.4.5.7 Rest of LAMEA Stevia Market
8.4.5.7.1 Rest of LAMEA Stevia Market by Distribution Channel
8.4.5.7.2 Rest of LAMEA Stevia Market by Form
8.4.5.7.3 Rest of LAMEA Stevia Market by End User
8.4.5.7.4 Rest of LAMEA Stevia Market by Type
Chapter 9. Company Profiles
9.1 Ingredion Incorporated
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Tate & Lyle PLC
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental & Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 The Coca Cola Company
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 SWOT Analysis
9.4 PepsiCo, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 Archer Daniels Midland Company
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.6 Pyure Brands, LLC
9.6.1 Company Overview
9.7 Cargill, Incorporated
9.7.1 Company Overview
9.7.2 SWOT Analysis
9.8 S&W Seed Company
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expense
9.9 Morita Kagaku Kogyo Co., Ltd.
9.9.1 Company Overview
9.10. Evolva Holdings SA
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 SWOT Analysis
Chapter 10. Winning Imperatives of Stevia Market

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