Stevia Drinks Market By Extract Type (Whole leaf, Powdered, and Liquid), By Application (Dairy, Bakery & Confectionary, Tabletop Sweeteners, Beverages, and Convenience Food), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Stevia drinks Market was valued at USD 860.4 Million in 2024 and is projected to grow at a CAGR of 5.60% to reach USD 1415.3 Million by 2034.

Stevia drinks are beverages sweetened with stevia, a natural, zero-calorie sweetener derived from the leaves of the Stevia rebaudiana plant. Stevia drinks market have gained popularity as a healthier alternative to traditional sugary beverages, catering to consumers seeking reduced-calorie and natural sweetener options.   

Dividing this target market into segments:

Stevia drinks Market is segmented based on Extract Type, Application and Region.

Extract Type Insight

On the basis of Extract Type, the target market is segmented into Whole leaf, Powdered, and Liquid.

Application Insight

On the basis of Application, the target market is segmented into Dairy, Bakery & Confectionary, Tabletop Sweeteners, Beverages, and Convenience Food.

Regional Insights:

On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

• North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding. The North American stevia drinks market has experienced significant growth, driven by increasing health consciousness and the demand for low-calorie and natural sweeteners.
• Asia Pacific market is estimated to witness a fastest revenue share over the forecast period. The Asia-Pacific region is a key player in the global stevia drinks market, with countries like Japan and South Korea being early adopters of stevia-based products.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

The key players operating the Stevia drinks Market includes, Cargil Corp., PureCircle Limited, Archer Daniels Midland Company, Evolva Holding SA, Stevia Corporation, Tate & Lyle PLC, Ingredion, Inc., GLG Life Tech Corp., Sunwin Stevia International, Inc., and PepsiCo, Inc.

The New Launched Product News,

• In November 2023, Ocean Spray Launches 'Zero Sugar' juice Drink, the first beverage from Ocean Spray with bold flavor, zero grams of sugar and no artificial sweeteners. The popular Cranberry flavor from Ocean Spray and Mixed Berry, a new addition to the brand's beverage lineup, are the two flavors of Ocean Spray Zero Sugar Juice Drink that will be offered. Zero Sugar is a great source of Vitamin C because it is made with natural fruit juice and sweetened with stevia.

• In July 2022, Sweegen launched line of liquid stevia sweeteners. The purpose of the sweeteners is to lower the amount of sugar in products such as concentrated fruit/flavored syrup, candy, carbonated soft drinks, and liquid sweeteners for dessert toppings. The Rancho Santa Margarita, California-based Company claims that the sweeteners solve problems with solubility, improve product stability, are simple to measure out precisely, and are easy to handle in the lab and manufacturing setting.

• In March 2022, Cargill Launched EverSweet + ClearFlo Stevia Platform. EverSweet will provide a more sugar-like feeling, especially at greater dosages, because to its swift sweetness onset and strong sweetness potency. The earthy notes from proteins, the harshness from caffeine, or the metallic tastes from potassium chloride are just a few examples of off flavors that the new sweetening system can assist control.

• Cargil Corp.
• PureCircle Limited
• Archer Daniels Midland Company
• Evolva Holding SA
• Stevia Corporation
• Tate & Lyle PLC
• Ingredion, Inc.
• GLG Life Tech Corp.
• Sunwin Stevia International, Inc.
• PepsiCo, Inc.