Market Overview:
The global stevia drinks market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to factors such as rising awareness about the benefits of stevia, increasing demand for healthy and low-calorie beverages, and growing inclination of consumers towards natural sweeteners. Based on type, the global stevia drinks market is segmented into fruit juices, sodas, and others. The fruit juices segment is expected to account for the largest share in terms of revenue in 2018 owing to high demand for healthy beverage options across regions. In terms of application, the household segment is projected to hold a larger share in 2018 followed by commercial applications. This can be attributed to increasing preference for healthier food options among consumers globally coupled with rising disposable income levels across emerging economies.
Product Definition:
A drink that contains the sweetener stevia. Stevia drinks are often used as an alternative to sugar-sweetened drinks, which can be high in calories and unhealthy for teeth.
Fruit Juices:
Fruit juices are the purest form of fruits. They consist of vitamins, minerals and enzymes which act as natural sweeteners. The most commonly used fruit juices are apple, orange, grapes (red and green), tomato and pomegranate. Apple juice is considered to be a superfood as it contains antioxidants that protect the skin from harmful UV rays; thus making it more difficult for cancer to develop.
Soda:
Soda is a carbonated drink that contains various ingredients such as flavored syrups, ice, and water. The most common types of soda are cola-based drinks and ginger ale. Soda pop was first introduced in the late 19th century as an alternative to alcoholic beverages; it soon became popular among children and the young population due to its low price compared to alcohol.
Application Insights:
The global stevia drinks market has been segmented on the basis of application into household and commercial. The household application was the largest, accounting for over 60% of total revenue in 2017. Rising awareness regarding a healthy lifestyle among working professionals is expected to drive demand in this segment over the forecast period.
Stevia is an herb-based sweetener that has gained popularity due to its low calories and glycemic index, which makes it safe for diabetic patients as well as individuals trying to reduce their weight. Moreover, increasing consumption of stevia by major beverage manufacturers such as Coca-Cola and PepsiCo is expected to fuel industry growth over the coming years.
Commercial applications are anticipated witness significant growth during the forecast period owing to rising product adoption by restaurants & food chains across developing countries such as India and China where sugar intake remains a major concern among health experts worldwide.
Regional Analysis:
North America was the largest market for stevia drinks accounting for more than 35% of global revenue in 2017. North America is a major consumer of stevia due to high consumption of sugar-sweetened beverages. The region has witnessed an increase in demand for low calorie, natural and organic products over the past few years which is expected to drive growth over the forecast period.
Asia Pacific is estimated to be one of the fastest growing regions with a CAGR exceeding 7% from 2018 to 2030 owing to increasing health consciousness among consumers and changing lifestyles resulting into increased demand for nutritional food products rich in fiber content that do not affect blood sugar levels, thereby driving growth over the forecast period. Moreover, China being one of world’s largest producers along with Japan will continue its dominance on account off easy access regarding raw materials supply as well as manufacturing process thus making it a potential regional market worth watching out for during this timeframe.
Growth Factors:
- Increasing awareness about the health benefits of stevia among consumers.
- Rising demand for natural and healthy alternatives to sugar-sweetened beverages.
- Growing popularity of stevia as a low-calorie sweetener among health-conscious consumers.
- Rapid expansion of distribution channels for stevia drinks products worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Stevia Drinks Market Research Report
By Type
Fruit Juices, Soda, Others
By Application
Household, Commercial
By Companies
Coca Cola, Pepsi Company, Zevia, Hartwall, Del Monte Food Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Stevia Drinks Market Report Segments:
The global Stevia Drinks market is segmented on the basis of:
Types
Fruit Juices, Soda, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Coca Cola
- Pepsi Company
- Zevia
- Hartwall
- Del Monte Food Corporation
Highlights of The Stevia Drinks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fruit Juices
- Soda
- Others
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Stevia Drinks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Stevia drinks are sweetened beverages that contain Stevia as the primary sweetener.
Some of the key players operating in the stevia drinks market are Coca Cola, Pepsi Company, Zevia, Hartwall, Del Monte Food Corporation.
The stevia drinks market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Stevia Drinks Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Stevia Drinks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Stevia Drinks Market - Supply Chain
4.5. Global Stevia Drinks Market Forecast
4.5.1. Stevia Drinks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Stevia Drinks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Stevia Drinks Market Absolute $ Opportunity
5. Global Stevia Drinks Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Stevia Drinks Market Size and Volume Forecast by Type
5.3.1. Fruit Juices
5.3.2. Soda
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Stevia Drinks Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Stevia Drinks Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Stevia Drinks Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Stevia Drinks Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Stevia Drinks Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Stevia Drinks Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Stevia Drinks Demand Share Forecast, 2019-2026
9. North America Stevia Drinks Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Stevia Drinks Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Stevia Drinks Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Stevia Drinks Market Size and Volume Forecast by Type
9.7.1. Fruit Juices
9.7.2. Soda
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Stevia Drinks Demand Share Forecast, 2019-2026
10. Latin America Stevia Drinks Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Stevia Drinks Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Stevia Drinks Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Stevia Drinks Market Size and Volume Forecast by Type
10.7.1. Fruit Juices
10.7.2. Soda
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Stevia Drinks Demand Share Forecast, 2019-2026
11. Europe Stevia Drinks Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Stevia Drinks Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Stevia Drinks Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Stevia Drinks Market Size and Volume Forecast by Type
11.7.1. Fruit Juices
11.7.2. Soda
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Counry
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Stevia Drinks Demand Share, 2019-2026
12. Asia Pacific Stevia Drinks Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Stevia Drinks Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Stevia Drinks Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Stevia Drinks Market Size and Volume Forecast by Type
12.7.1. Fruit Juices
12.7.2. Soda
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Stevia Drinks Demand Share, 2019-2026
13. Middle East & Africa Stevia Drinks Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Stevia Drinks Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Stevia Drinks Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Stevia Drinks Market Size and Volume Forecast by Type
13.7.1. Fruit Juices
13.7.2. Soda
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Stevia Drinks Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Stevia Drinks Market: Market Share Analysis
14.2. Stevia Drinks Distributors and Customers
14.3. Stevia Drinks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Coca Cola
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Pepsi Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zevia
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hartwall
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Del Monte Food Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook