| Product Code: ETC6191974 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Australia`s import trend for stevia and Truvia in 2024 saw a significant decline, with a growth rate of -79.68% compared to the previous year. The compound annual growth rate (CAGR) for the period 2020-2024 was -42.51%. This sharp decrease could be attributed to shifting consumer preferences, changes in regulatory policies, or market saturation impacting import momentum for these products.
The niche market for Stevia and branded derivatives like Truvia is expanding in Australia as consumers seek trusted, plant-based sugar alternatives. Truvia, co-developed by Coca-Cola and Cargill, benefits from strong brand recognition and placement in health-oriented retail environments. The market benefits from increasing product availability across supermarkets and health food stores.
Both stevia and Truvia are gaining traction in Australias health-conscious consumer market. Truvia, as a branded stevia-based sweetener, is benefiting from strategic partnerships with major food brands. Demand is particularly high in the retail segment, and growing consumer preference for clean-label and diabetic-friendly products is driving the trend.
Similar to the broader stevia segment, the Truvia brand faces branding and consumer perception challenges due to its classification as a processed product, despite being marketed as natural. High production costs and the need for extensive marketing investments to build brand trust add to financial burdens. Moreover, competition from private labels and generic stevia-based products hampers brand loyalty and pricing strategies.
The combined stevia and Truvia market in Australia provides dual investment avenues in branded sweeteners and ingredient solutions. Truvias strong brand recognition offers a ready platform for investors to explore brand partnerships, retail distribution expansion, and marketing campaigns targeting health-conscious consumers. Simultaneously, upstream investment in raw material sourcing and stevia extract production can support the scaling of private-label and OEM supply channels.
This market operates under the same regulatory framework as the broader stevia segment, with FSANZ approval essential for Truvia and other branded sweeteners. Government dietary guidelines promote sugar alternatives, indirectly bolstering demand. Additionally, import-export policies and IP protections affect Truvia`s market presence, given that it is a proprietary formulation. Policies also encourage R&D in natural food ingredients.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Stevia and Truvia Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Stevia and Truvia Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Stevia and Truvia Market - Industry Life Cycle |
3.4 Australia Stevia and Truvia Market - Porter's Five Forces |
3.5 Australia Stevia and Truvia Market Revenues & Volume Share, By Extract Type, 2021 & 2031F |
3.6 Australia Stevia and Truvia Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Australia Stevia and Truvia Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness towards health and wellness benefits of stevia and truvia |
4.2.2 Growing demand for natural sweeteners as a substitute for sugar |
4.2.3 Expansion of product portfolios by manufacturers to cater to diverse consumer preferences |
4.3 Market Restraints |
4.3.1 Regulatory challenges and restrictions related to the use of stevia and truvia in food and beverage products |
4.3.2 Price volatility of stevia and truvia due to fluctuations in raw material supply and production costs |
5 Australia Stevia and Truvia Market Trends |
6 Australia Stevia and Truvia Market, By Types |
6.1 Australia Stevia and Truvia Market, By Extract Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Stevia and Truvia Market Revenues & Volume, By Extract Type, 2021- 2031F |
6.1.3 Australia Stevia and Truvia Market Revenues & Volume, By Whole Leaf, 2021- 2031F |
6.1.4 Australia Stevia and Truvia Market Revenues & Volume, By Powdered, 2021- 2031F |
6.1.5 Australia Stevia and Truvia Market Revenues & Volume, By Liquid, 2021- 2031F |
6.2 Australia Stevia and Truvia Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Australia Stevia and Truvia Market Revenues & Volume, By Dairy, 2021- 2031F |
6.2.3 Australia Stevia and Truvia Market Revenues & Volume, By Bakery and Confectionery, 2021- 2031F |
6.2.4 Australia Stevia and Truvia Market Revenues & Volume, By Beverages, 2021- 2031F |
6.2.5 Australia Stevia and Truvia Market Revenues & Volume, By Convenience Foods, 2021- 2031F |
6.2.6 Australia Stevia and Truvia Market Revenues & Volume, By Other Applications, 2021- 2031F |
7 Australia Stevia and Truvia Market Import-Export Trade Statistics |
7.1 Australia Stevia and Truvia Market Export to Major Countries |
7.2 Australia Stevia and Truvia Market Imports from Major Countries |
8 Australia Stevia and Truvia Market Key Performance Indicators |
8.1 Consumer adoption rate of stevia and truvia products |
8.2 Number of new product launches containing stevia and truvia |
8.3 Investment in research and development for enhancing the taste and functionality of stevia and truvia products |
9 Australia Stevia and Truvia Market - Opportunity Assessment |
9.1 Australia Stevia and Truvia Market Opportunity Assessment, By Extract Type, 2021 & 2031F |
9.2 Australia Stevia and Truvia Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Australia Stevia and Truvia Market - Competitive Landscape |
10.1 Australia Stevia and Truvia Market Revenue Share, By Companies, 2024 |
10.2 Australia Stevia and Truvia Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |