Stevia Extract Sales Market size is estimated to be USD 1.5 Billion in 2024 and is expected to reach USD 4.2 Billion by 2033 at a CAGR of 12.5% from 2026 to 2033.
The South Korean stevia extract sales market is experiencing remarkable growth, propelled by a surge in health-conscious consumers seeking natural, low-calorie sweeteners. From 2023 to 2033, the market is projected to expand at a compound annual growth rate (CAGR) of 9.6%, increasing from $15.2 million to $38.1 million. This trend is largely driven by rising rates of diabetes and obesity, prompting a shift toward healthier sugar alternatives. citeturn0search1
Key factors contributing to this growth include:
Health Consciousness: An increasing number of individuals with diabetes and obesity are turning to stevia as a healthier substitute for traditional sweeteners. citeturn0search1
Regulatory Support: Government approvals and support for stevia as a food ingredient have bolstered consumer confidence, encouraging its use across various products. citeturn0search1
Advancements in Processing: Ongoing improvements in stevia processing methods aim to enhance taste profiles and minimize aftertastes, making it more appealing to a broader consumer base. citeturn0search1
Despite these positive trends, challenges persist. Taste preferences remain a barrier, as some consumers find stevia overly sweet or slightly bitter. Regulatory complexities and higher production costs compared to artificial sweeteners also pose obstacles. citeturn0search6
Industry collaborations are pivotal in overcoming these challenges. Partnerships between stevia producers and food and beverage companies have led to the development of innovative products that cater to evolving consumer tastes. For instance, collaborations with regional producers have resulted in stevia-infused offerings that resonate with local flavor profiles. citeturn0search1
Leading players in the South Korean stevia market include:
PureCircle
Cargill
Tate & Lyle
Ingredion
Daepyung Co., Ltd.
Samyang Genex
Biospringer
These companies are actively engaging in sustainable sourcing, stringent quality control, and innovative marketing strategies to capture a larger market share. citeturn0search1
The demand for stevia extract spans various industries, including dairy products, bakery items, beverages, packaged foods, dietary supplements, confectionery, snacks, and tabletop sweeteners. This widespread application underscores stevia's versatility as a natural sweetener. citeturn0search1
In summary, the South Korean stevia extract sales market is poised for significant expansion, driven by health trends, regulatory support, and industry innovation. While challenges remain, ongoing advancements and strategic collaborations are expected to solidify stevia's position as a preferred natural sweetener in the Korean market.
Get an In-Depth Research Analysis of the South Korea Stevia Extract Sales Market Size And Forecast [2025-2032]
Â
Purecircle Limited
CCGB
Layn
Zhucheng Haotian Pharm Co. Ltd
Cargill (Evolva)
Sunwin Stevia International
GLG Life Tech
Tate & Lyle
Morita Kagakau Kogyo Co. Ltd.
INGIA Biotechnology
Zhongda Hengyuan Biotech
Hunan NutraMax Inc.
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the South Korea Stevia Extract Sales Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Stevia Extract Sales Market
Powdered Stevia Extract
Liquid Stevia Extract
Granulated Stevia Extract
Stevia Blends
Non-Alcoholic Beverages
Baked Goods
Dairy Products
Confectionery
Food Industry
Pharmaceutical Industry
Cosmetics and Personal Care Industry
Nutra-Cosmetics
Dietary Supplements
Online Retail
Supermarkets and Hypermarkets
Specialty Stores
Health Food Stores
Health-Conscious Consumers
Diabetic Patients
Vegetarians/Vegans
General Consumers
Children and Teens
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Stevia Extract Sales Market Research Analysis
1. Introduction of the South Korea Stevia Extract Sales Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Stevia Extract Sales Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Stevia Extract Sales Market, By Type
6. South Korea Stevia Extract Sales Market, By Application
7. South Korea Stevia Extract Sales Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Stevia Extract Sales Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/