Global Stevia Extract and Stevia Products Market Research Report 2023

Stevia Extract and Stevia Products Market

The global Stevia Extract and Stevia Products market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.

Stevia Extract and Stevia Products Market Trends

The market for stevia extract and related products has been significantly influenced by consumers' growing demand for all-natural, healthier alternatives to conventional sugar. Stevia is a natural sweetener made from the Stevia rebaudiana plant's leaves. It gives a sweet flavor without adding calories, making it a desirable choice for those who are health-conscious and trying to control their sugar intake. The demand for Stevia products as a natural sugar alternative has increased as people are becoming more aware of the harmful health implications of excessive sugar intake.

The market for stevia extract and stevia-based products has grown significantly as a result of the global trend towards more health and wellness awareness. Due to its zero-calorie content, stevia extract is regarded as a healthier alternative to conventional sugar and artificial sweeteners. Due to the fact that it has no effect on blood sugar levels, it is acceptable for those with diabetes as well as those who follow a low-sugar or low-carbohydrate diet. Consumer tastes for goods made with stevia have changed as a result of a growing understanding of the connection between sugar intake and health problems like obesity and diabetes.

The demand for Stevia extract and other products has been greatly boosted by the expansion of the global food and beverage sector. Manufacturers of a variety of foods and drinks are using Stevia as a natural sweetening component in beverages, dairy products, confections, baked goods, and sauces. Because Stevia may be used in a variety of ways, producers can create goods with minimal or no sugar content while still achieving the appropriate flavor characteristics. The food and beverage sector has adopted Stevia extract and products more frequently as a result, spurring market expansion.

The market for Stevia extract and Stevia-based products has increased as consumers' preferences for natural and clean-label products have grown. Customers are increasingly looking for goods without artificial additives or preservatives and with ingredient lists that are shorter and more explicit. Because it comes from a natural source and provides a clean-label sweetening option, stevia extract fits nicely with this trend. The use of Stevia extract in several natural and clean-label goods to meet changing customer needs is what is driving the market expansion.

Stevia Extract and Stevia Products Market Share

For Stevia extract and Stevia-based products, North America is a sizable market. Due to rising health awareness and the need for sugar-free or low-sugar substitutes, the market for natural sweeteners in the region has increased. As a natural sugar alternative in foods and beverages, stevia extract has grown in popularity, fueling the market's expansion. The acceptance of goods containing Stevia in North America has also been aided by the region's well-established food and beverage sector and governmental approvals for Stevia.

Key Segmentations

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Segment by Type

Segment by Application

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Core Chapters

Scope of Global Stevia Extract and Stevia Products Market Report