The Stevia Beverages Market is Predict to reach USD 426.91 Million by 2031, at a CAGR of 8.5%

17-Jan-2025 | Report Format: Electronic (PDF)

Stevia Beverages Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Stevia Beverages Market size is expected to reach $426.91 million by 2031, rising at a market growth of 8.5% CAGR during the forecast period.

The Convenience stores segment is experiencing a CAGR of 8.2% during (2024 - 2031). Urban consumers' fast-paced lifestyles have increased their need for quick, easy-to-purchase, and healthier drink alternatives, boosting the sales of stevia-based ready-to-drink beverages. These stores are often located near residential areas, offices, and transit points, making them highly accessible for last-minute and impulse purchases. Additionally, the rising trend of single-serving, functional, and low-calorie beverages aligns well with the convenience store format, further driving sales in this segment.

Stevia Beverages Market Size - By Region

The Soft Drinks segment is leading the Global Stevia Beverages Market by Application in 2023; thereby, achieving a market value of $153.70 million by 2031. Rising health concerns related to obesity, diabetes, and excessive sugar consumption have pushed beverage companies to reformulate their products using stevia as a natural sweetener. Government regulations imposing sugar taxes on high-calorie soft drinks have also accelerated the shift toward stevia-based sodas and flavored carbonated beverages. The introduction of stevia-sweetened diet sodas, sparkling waters, and fruit-flavored fizzy drinks has gained traction, particularly among millennials and health-conscious consumers.

The Liquid segment exhibits a CAGR of 8.8% during (2024 - 2031). The liquid stevia segment is experiencing rapid growth due to its convenience, solubility, and versatility in ready-to-drink (RTD) beverages. Liquid stevia is highly preferred in flavored waters, sports drinks, iced teas, and functional beverages, as it allows for precise sweetness control without requiring additional mixing. Additionally, the rising trend of portable liquid stevia dropper bottles has gained popularity among on-the-go consumers who want a quick and easy sugar alternative for their beverages. The clean-label movement and demand for natural sweeteners in RTD products further fuel the adoption of liquid stevia.

Full Report: https://www.kbvresearch.com/stevia-beverages-market/

The North America region dominated the Global Stevia Beverages Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $141.55 million by 2031. The Europe region is expected to witness a CAGR of 8% during (2024 - 2031). Additionally, The Asia Pacific region would register a CAGR of 9% during (2024 - 2031).

List of Key Companies Profiled

  • PepsiCo, Inc.
  • STEAZ
  • The Coca Cola Company
  • Zevia, LLC
  • Nestle S.A.
  • AriZona Beverages Company LLC
  • Hint Water, Inc.
  • Polar Beverages, Inc.
  • Green Cola

Stevia Beverages Market Report Segmentation

By Distribution Channel

  • Hypermarket & Supermarket
  • Convenience stores
  • Ecommerce
  • Independent retailers
  • Other Distribution Channel

By Application

  • Soft Drinks
  • RTD Tea & Coffee
  • RTD Juice
  • Sports Drinks
  • Other Application

By Type

  • Powder
  • Liquid
  • Other Type

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Call: +1(646) 600-5072

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