Global Stevia Market Expected To Reach 565.2 $Million By 2020

Date: 2016-09-19

The worth of the global stevia market was estimated to be US$ 347 million in 2014, the market will witness a high single-digit CAGR through 2020 and reach a valuation of $ 565 million. Stevia market is expected to grow with the CAGR of about 8.5% from 2016 to 2020. It is projected to be valued at more than $ 565 million by 2020.

Stevia’s use as an ingredient was estimated to be 5,100.6 tonnes in 2014 and it is projected to reach 8,506.9 tonnes by 2020. Leading brands around the world are aware of the positive consumer sentiment about stevia, and they are widening their product offerings to cater to the demands of health-conscious consumers.

Stevia is available in three forms, including liquid extract, powder extract and leaf. Among these, the demand for powder extract was the highest in 2014 and it is anticipated that the demand will continue to be robust through 2020. On the other hand, the liquid extract- and leaf- segment are anticipated to be worth US$ 112 million and US$ 85.6 million by 2020.

Sine their inclusion from 2008 in USA, Stevia market grew exponentially. Based on WHO reports, Stevia has the potential to replace the global dietary sweeteners by 20-25% in the near future.

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520

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