In United States, the Organic Stevia market is expanding due to rising health awareness and a preference for natural ingredients. Widely used in food, beverages, and supplements, particularly in keto and low-carb diets, it is expected to grow at a CAGR of 3.2% from 2024 to 2034, reaching USD 463.3 million and holding 33.4% of the market share by 2034.
NEWARK, DE / ACCESSWIRE / August 28, 2024 / The Global Organic Stevia market size reached USD 830.7 million in 2019. Worldwide demand for Organic Stevia is expected to reach USD 973.9 million in 2024. Over the projection period (2024 to 2034), global Organic Stevia sales are predicted to rise at 3.6% CAGR and reach to an industry size of USD 1,387.1 million by 2034.
That Organic Stevia has gained such popularity across the world is indicative of the general move towards using natural and organic food ingredients. People are looking for better sweeteners and demanding sustainable agricultural practices too, which is why it continues to expand. The market for this product isn't just growing either; it's also becoming more diverse. Nowadays, one can find it in everything from health drinks all the way up to gourmet desserts. This being said though there have been breakthroughs within extraction methods and processing techniques that render stevia easier to use and more appealing for people at large who may not have been receptive before now due to its taste alone.
Additionally, because artificial sugars are being closely examined as well as their probable contribution in increasing rates of diabetes worldwide, these factors create an environment where organic stevia becomes a relevant substitute choice. Still, no other sweetening agent can match the health consciousness associated with Organic Stevia even when prices start falling during maturity phase since consumers will never compromise on nutrition given current trends towards mindful consumption.
Key Takeaways from the Global Organic Stevia Market Study:
The rise in health-conscious consumers seeking alternatives to artificial sweeteners.
Innovation in sweetener blends that offer improved taste profiles.
Development of more sustainable and ethical sourcing practices.
"Companies that will invest resources in marketing the benefits of Organic Stevia to the masses as well as improve the flavor profile of the product will remain leaders of the market", says Nandini Roy Choudhury, Client Partner at Future Market Insights.
Who is winning?
Only a new product with exceptional functionality and competitive price can become successful as the supplements market is a consumer driven one with price and effectiveness playing significant roles in the embracing of a product. So, companies able to create such products and market them effectively to a specific consumer base hold the potential for market share expansion.
Cargill Incorporated, SWEETLEAF Pure, PureCircle Ltd, Easy Use, Sunwin Stevia International Inc. and NOW FOODS are some of the leading players in this market.
Get valuable insights into Global Organic Stevia Market:
Future Market Insights, in its new offering, provides a thorough, detailed and unbiased analysis of the Global Organic Stevia Market, presenting Historical Demand data for the years 2019-2023 and Forecast statistics for the years 2024-2034. The study categorises the valuable insights on the Global Organic Stevia Market based on Source, Sales Channel, Customer Orientation and Region. As per Extract Type, the industry is categorized into Liquid, Powder and Leaf. As per Sales Channel, the industry is categorized into Online and Offline. As per Application, the industry is categorized into Dairy Product, Bakery, Packaged Foods, Tabletop Sweeteners, Beverages, Dietary Supplement, Confectionary and Others. Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
Access the Full Report on Global Organic Stevia Market Trends and Projections Now: https://www.futuremarketinsights.com/reports/organic-stevia-market
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Explore FMI's related ongoing Coverage in Food and Beverage Domain:
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The global organic oat market size, valued at USD 281 million in 2023, is set to grow rapidly, reaching USD 520.5 million by 2033 with a CAGR of 6.4%.
The Organic Rice Protein market size is projected to grow at a 4.1% CAGR, reaching USD 155.6 million by 2032, up from USD 104.1 million in 2022.
The demand for organic tea market is set to grow at a steady 8.0% CAGR, with revenues expected to reach USD 1.24 billion in 2023 and exceed USD 2.69 billion by 2033.
The organic foods market size is projected to grow at a 12.1% CAGR, reaching USD 176.51 billion in 2023 and expected to hit USD 553.13 billion by 2033.
From 2024 to 2034, the organic food and beverage market size is projected to grow at a 13% CAGR, rising from USD 278 million to USD 639.4 million.
The global organic beef market size is projected to grow at a 6.8% CAGR, increasing from USD 11.85 billion to USD 22.89 billion by 2033.
The global organic milk powder market size is expected to grow at a 5.4% CAGR, increasing from USD 2.3 billion in 2022 to USD 3.9 billion by 2032.
Global organic yeast sales are projected to rise from USD 345.7 million in 2024 to USD 901.2 million by 2034, with a CAGR of 10.1% over the period.
The demand for BRIC organic baby food market is expected to generate USD 5.5 billion in revenue in 2023 and grow at a CAGR of 16.1%, reaching USD 24.5 billion by 2033.
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