Stevia Industry Statistics

In this post, we will explore a comprehensive overview of the Stevia industry, backed by a range of significant statistics and projections. From the market value growth to regional dominance and application trends, these statistics shed light on the evolving landscape of the global Stevia market.

Statistic 1

"Stevia market was valued at USD 637.1 million in 2020."

Statistic 2

"The global Stevia market is forecasted to reach USD 982.9 million by 2026, growing at a CAGR of 6.2%."

Statistic 3

"Stevia extracts held a 63.8% share in the market revenue in 2020."

Statistic 4

"The supporting stevia trend in America is expected to contribute 20% towards the global Stevia market by 2025."

Statistic 5

"Asia Pacific dominated the stevia industry in 2020, holding more than 35% share in the global volume."

Statistic 6

"Beverage industry constituted over 233 Kilo Tons of stevia usage in 2020."

Statistic 7

"By 2028, the stevia market size in Europe is projected to cross USD 200 Million."

Statistic 8

"The use of Stevia for diabetes treatment is estimated to gain a 7% share globally by 2025."

Statistic 9

"Powdered stevia accounted for more than 65% overall industry share in 2020."

Statistic 10

"Liquid form of Stevia will witness more than 4% growth through to 2026."

Statistic 11

"Latin America is predicted to reach around USD 50 million by 2028, led by Brazil and Mexico."

Statistic 12

"Nearly 150 Kilo Tons of stevia was consumed globally in 2020."

Statistic 13

"North America, driven by Canada and the U.S. stevia market size may surpass USD 100 million by 2025."

Statistic 14

"China is the largest producer of stevia worldwide, accounting for more than 80% of the global production in 2020."

Statistic 15

"The Stevia market size in the UK will follow an upward trajectory, growing by more than 3.5% CAGR through to 2028."

Statistic 16

"India and China are anticipated to show rapid growth in the stevia market from 2021 to 2025."

Statistic 17

"The food sector is projected to hold over 60% of the total application landscape of the stevia market by 2026."

Statistic 18

"The use of stevia in the pharmaceutical sector is estimated to exceed a consumption of 2,000 tons by 2024."

Statistic 19

"Stevia industry from the bakery and confectionery application is predicted to surpass USD 150 million by 2025."

In conclusion, the stevia industry is poised for significant growth and transformation in the coming years. With an increasing demand for healthier sweeteners, the global stevia market is forecasted to reach nearly USD 1 billion by 2026, driven by factors such as the rise of stevia extracts and the growing adoption of stevia in various applications like beverages, food, and pharmaceuticals. Geographically, Asia Pacific currently leads the market, but regions like Latin America and Europe are expected to see substantial growth. Additionally, the rising awareness of the benefits of stevia, particularly in the context of diabetes treatment, is projected to further propel the industry forward.