Stevia Market, By Extract Type (Liquid Extract, Powder Extract and Leaf), By Application (Dairy Food Products, Bakery Products, Dietary Supplements, Beverages, Packaged Food Products, Confectionery Products, Snacks, Table Top Sweeteners, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Asia Pacific is expected to be the largest market for stevia during the forecast period, accounting for over 45% of the market share in 2023. The growth of the global stevia market in Asia Pacific is due to the increasing demand for stevia in countries such as India and China.
Europe is expected to account for over 25.0% of the market share in 2023.
North America is expected to account for over 15.0% of the market share in 2023.
Figure 1. Global Stevia Market Share (%), By Region, 2023
Geographies covered:
North America: U.S. and Canada
Latin America: Brazil, Argentina, and Mexico
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, and Rest of Middle East