The size of the worldwide stevia market was USD 790.6 Million in 2021, and it is anticipated to grow at a revenue CAGR of 8.5% over the following five years.
According to the most recent Emergen Research analysis, the global stevia market was worth USD 790.6 million in 2021 and is expected to grow at an 8.5% CAGR during the forecast period. Rising demand for stevia as a sucrose substitute in the dairy industry, as well as increased investment by market participants, are expected to drive market revenue growth between 2021 and 2030. Furthermore, Stevia has a sweet taste, which allows it to replace sugar in a diet, and it has a very low calorific value, making it a 'no-calorie' food. Stevia is also beneficial for indigestion, as it reduces hunger, urges, and cravings for sweets.
When combined with toothpaste, stevia helps to prevent gum disease, plaque buildup, and tooth decay. Furthermore, the rising prevalence of noncommunicable diseases such as diabetes and obesity is expected to drive market growth during the forecast period. Stevia is a high-intensity sweetener that is 200 times sweeter than sucrose and is used as a natural sweetener in the food and beverage industries. It has no negative effects on the human body. In cafes and restaurants, it is also used as a tabletop sweetener to add sweetness to instant beverages such as tea, coffee, and soft drinks.
Despite the high demand, manufacturers are struggling to keep up with the high demand and low supply. Over the forecast period, the stevia market will be driven by limited resources and fluctuating stevia leaf prices.
The report includes a segmentation of the stevia market as well as a detailed outline of the stevia market size in terms of volume and valuation. The report covers the current stevia market scenario as well as the forecast timeline of 2022-2030 in detail. The stevia market report includes a detailed analysis of historical, current, and projected revenues for each industry vertical, segment, end-use industry, application, and region.
source emergen-research