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Stevia Market Segmentation and Major key Players Analysis 2024

Soaring demand for low-calorie sweeteners is expected to be a major factor propelling market growth. Considering the market is still at a nascent stage, the market is yet to realize its full potential. The Global Stevia Market size is expected to reach USD 553.7 million by 2024, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.1% during the forecast period.


Stevia contains rebaudioside-A and stevioside, which are responsible for imparting high degree of sweetness without any side effects on health. This is the major reason for the growing demand for stevia over the past few years.

Stevia acts as a natural sugar substitute. The production process starts with a herbal plant called stevia rebaudiana, which is a member of the Chrysanthemum family and grows naturally in the forests of Brazil and Paraguay. The components of stevia leaves responsible for the plant’s sweetness are glycosides.

Beverages form the largest application segment and in 2015, accounted for 34.7% of the total volume. This can be attributed to increasing market penetration of stevia in various soft drinks, juices, teas, and nectar. Companies such as PepsiCo, Inc. and The Coca-Cola Company have incorporated the product in their diet soft drinks and are marketed as drinks with no side effects on consumer health.

To Know More About Stevia Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/stevia-market 

Biotechnology companies are marketing the product in various forms such as liquids and powders. It is expected to replace sucrose in various food products including confectionery jellies, traditional cakes, biscuits, and other baked products.

Top Players of Stevia Market:

PureCircle Limited, GLG Life Tech Corp, and Stevia Corp are some of the major producers. Stevia First Corp, Cargill, and Evolva S.A. are other major players in the market.

Market Segmentation of Stevia Market:

The Global Stevia Market Segmented by Application and Region.

By Application:

Beverage
Food
Pharmaceuticals
Tabletop sweeteners

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)

Inquire about Stevia Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3151/ibb 
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