Stevia Market Supply-Demand, Production Cost and Share Analysis
Stevia Market Summary The global stevia market size was valued at USD 513.4 million in 2023 and is projected to reach USD 1.12 billion by 2030, growing at a CAGR of 11.9% from 2024 to 2030. The market growth is primarily driven by the rising demand for healthy food choices and the increasing health consciousness among consumers worldwide. As awareness regarding the adverse effects of excessive sugar consumption grows, consumers are shifting toward natural, low-calorie alternatives, making stevia an appealing option. Furthermore, the increasing prevalence of diabetes and obesity has encouraged people to adopt healthier lifestyles and reduce sugar intake, further accelerating the demand for stevia-based products. Stevia, being a natural plant-derived sweetener, serves as an ideal substitute for artificial sweeteners such as aspartame, saccharin, and sucralose. It offers the advantage of being calorie-free and does not cause spikes in blood glucose levels, making it suit...