[200 Pages Research Report] The global Steviol Glycoside Market size was valued at USD YY billion in 2022, and the market is projected to reach USD YY billion by the end of 2023, with growth at a CAGR of YY% during the forecast report 2023-2030.
The steviol glycoside market has experienced significant growth and popularity in recent years, primarily driven by the increasing demand for natural, zero-calorie sweeteners. Steviol glycosides are natural compounds extracted from the leaves of the Stevia rebaudiana plant, also known as the Stevia plant. These glycosides provide sweetness without contributing calories, making them an attractive alternative to artificial sweeteners and sugar.
The rising health consciousness among consumers, coupled with the growing concerns about obesity and diabetes, has fueled the adoption of steviol glycosides as a healthier sugar substitute in various food and beverage products. Steviol glycosides have found applications in beverages, dairy products, baked goods, confectionery, and tabletop sweeteners.
Stringent regulations on artificial sweeteners and the desire for clean-label ingredients have further boosted the demand for steviol glycosides. As they are plant-derived and have a long history of safe consumption, they are perceived as a natural and safe sweetening option.
The steviol glycoside market is witnessing a surge in product innovations and expansions by key players to meet the growing demand. Additionally, advancements in extraction technologies and improvements in taste profiles have contributed to the market's robust growth.
While the market is promising, challenges such as high production costs and aftertaste in certain formulations remain. However, ongoing research and development efforts are focused on addressing these limitations and expanding the application possibilities of steviol glycosides. As the global shift towards healthier and natural food ingredients continues the steviol glycoside market is expected to witness continued growth in the foreseeable future.
The steviol glycoside market dynamics are influenced by several factors that shape its growth and development. Firstly, the increasing consumer awareness of the adverse effects of excessive sugar consumption has driven the demand for natural and zero-calorie sweeteners, boosting the market for steviol glycosides.
The rising prevalence of obesity and diabetes globally has prompted consumers to seek healthier alternatives to sugar, propelling the adoption of steviol glycosides in various food and beverage products.
Moreover, stringent regulations on artificial sweeteners have further accelerated the market's growth. Steviol glycosides, being derived from a natural source, are generally recognized as safe (GRAS) by regulatory authorities, making them a favorable choice for manufacturers aiming to provide clean-label products.
The market is witnessing significant investments in research and development to improve taste profiles and reduce aftertaste associated with steviol glycosides. Advancements in extraction technologies have also contributed to enhancing the overall quality of these sweeteners.
Challenges remain, including the relatively high production costs of steviol glycosides compared to conventional sweeteners. Addressing these cost concerns and expanding production capabilities are vital for the widespread adoption of steviol glycosides.
As per the report, the global Steviol Glycoside Market is segmented into Type, Application, and Regions. The report covers detailed information on market size, Share, Growth, Value, Volume Analysis, Demand analysis, new market entry, competition insights, market drivers, challenges, opportunities, and Restraints. Further, company profile analysis, company revenue, Strategies, Sales, company acquisition, partnership, mergers, latest trends in the industry, regional and country-level insights, and competitive intelligence data is provided in the research report.
Further, the global market is geographically divided into major regions, and countries including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Further, major countries focused in the global study report: United States, Canada, United Kingdom, Spain, Germany, Italy, France, Mexico, Russia, Ukraine, China, Japan, South Korea, India, Singapore, Malaysia, Australia, Qatar, Kingdom of Saudi Arabia, South Africa, Brazil, Argentina, and other countries are covered in the research study.
• Rebaudioside A Stevioside
• Rebaudioside C Stevioside
• Dulcoside A
• Others
• Food
• Beverages
• Pharmaceuticals
• Chemicals
• Paints and Coatings
• Personal Care
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia Pacific
• North American market to remain the most potential segment in the global market during 2022-2030. In the North American region, the United States occupied the highest share of the market in this region, and the US country is projected to follow the same trend over the forecast time 2022-2030, followed by Canada.
• Western European countries hold the dominant share in the regional Steviol Glycoside Market during the forecast period 2022-2030. Asia Pacific region is expected to be registered as the fastest-growing market in the global market by 2030.
• Most developing countries in the Asia Pacific remain the focus of leading Steviol Glycoside companies, with a large portion of these companies investing in new entry and business expansion strategies
• The market in the Middle East and Africa Steviol Glycoside is projected to show prominent growth opportunities in the coming years from 2023-2030. The rising focus from the government of the Middle East and African countries on promoting manufacturing and distribution is mostly contributing to the global market in the MEA region.
• The Latin American Steviol Glycoside Market registered a substantial share of the global market in 2022, and it is projected to remain its presence in the market.
Cargill, Incorporated
Zydus Cadila Healthcare Limited
Merisant Company
GL Stevia International Corp.
PureCircle Limited
Sunrise Nutrachem Group Co., Ltd.
Daepyung Co., Ltd.
Ingredion Incorporated
Morita Kagaku Kogyo Co., Ltd.
Tate & Lyle PLC
Steviol Glycoside Market Outlook 2023
1 Market Overview
1.1 Introduction to Steviol Glycoside Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Steviol Glycoside Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Steviol Glycoside Market Companies with Area Served
4.2.2 Products Offerings Global Steviol Glycoside Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Steviol Glycoside Market Trends
6.1 Global Steviol Glycoside Revenue (USD Million) and CAGR (%) by Type (2018-2028)
6.2 Global Steviol Glycoside Revenue (USD Million) and CAGR (%) by Applications (2018-2028)
6.3 Global Steviol Glycoside Revenue (USD Million) and CAGR (%) by Regions (2018-2028)
7 Global Steviol Glycoside Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Steviol Glycoside Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Steviol Glycoside Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Steviol Glycoside Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Steviol Glycoside Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Steviol Glycoside Development Regional Status and Outlook
8.1 Global Steviol Glycoside Revenue (USD Million) By Regions (2018-2022)
8.2 North America Steviol Glycoside Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Steviol Glycoside Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Steviol Glycoside Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Steviol Glycoside Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Steviol Glycoside Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Steviol Glycoside Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Steviol Glycoside Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Steviol Glycoside Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Steviol Glycoside Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Steviol Glycoside Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Steviol Glycoside Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Steviol Glycoside Revenue (USD Million) by Applications (2018-2022)
8.5 South America Steviol Glycoside Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Steviol Glycoside Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Steviol Glycoside Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Steviol Glycoside Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Steviol Glycoside Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Steviol Glycoside Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Steviol Glycoside Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Steviol Glycoside Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Steviol Glycoside Market Revenue (USD Million), by Type, and Applications (2023-2028)
10.1 Global Steviol Glycoside Revenue (USD Million) and Market Share (%) by Type (2023-2028)
10.1.1 Global Steviol Glycoside Revenue (USD Million), and Market Share (%) by Type (2023-2028)
10.2 Global Steviol Glycoside Revenue (USD Million) and Market Share (%) by Applications (2023-2028)
10.2.1 Global Steviol Glycoside Revenue (USD Million), and Market Share (%) by Applications (2023-2028)
11 Global Steviol Glycoside Development Regional Status and Outlook Forecast
11.1 Global Steviol Glycoside Revenue (USD Million) By Regions (2023-2028)
11.2 North America Steviol Glycoside Revenue (USD Million) by Type, and Applications (2023-2028)
11.2.1 North America Steviol Glycoside Revenue (USD) Million by Country (2023-2028)
11.2.2 North America Steviol Glycoside Revenue (USD Million), by Type (2023-2028)
11.2.3 North America Steviol Glycoside Revenue (USD Million), Market Share (%) by Applications (2023-2028)
11.3 Europe Steviol Glycoside Revenue (USD Million), by Type, and Applications (2023-2028)
11.3.1 Europe Steviol Glycoside Revenue (USD Million), by Country (2023-2028)
11.3.2 Europe Steviol Glycoside Revenue (USD Million), by Type (2023-2028)
11.3.3 Europe Steviol Glycoside Revenue (USD Million), by Applications (2023-2028)
11.4 Asia Pacific Steviol Glycoside Revenue (USD Million) by Type, and Applications (2023-2028)
11.4.1 Asia Pacific Steviol Glycoside Revenue (USD Million), by Country (2023-2028)
11.4.2 Asia Pacific Steviol Glycoside Revenue (USD Million), by Type (2023-2028)
11.4.3 Asia Pacific Steviol Glycoside Revenue (USD Million), by Applications (2023-2028)
11.5 South America Steviol Glycoside Revenue (USD Million), by Type, and Applications (2023-2028)
11.5.1 South America Steviol Glycoside Revenue (USD Million), by Country (2023-2028)
11.5.2 South America Steviol Glycoside Revenue (USD Million), by Type (2023-2028)
11.5.3 South America Steviol Glycoside Revenue (USD Million), by Applications (2023-2028)
11.6 Middle East and Africa Steviol Glycoside Revenue (USD Million), by Type, and Applications (2023-2028)
11.6.1 Middle East and Africa Steviol Glycoside Revenue (USD Million), by Region (2023-2028)
11.6.2 Middle East and Africa Steviol Glycoside Revenue (USD Million), by Type (2023-2028)
11.6.3 Middle East and Africa Steviol Glycoside Revenue (USD Million), by Applications (2023-2028)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List Of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Steviol Glycoside Market Companies with Areas Served
Table 3 Products Offerings Global Steviol Glycoside Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Steviol Glycoside Revenue (USD Million) And CAGR (%) By Type (2018-2028)
Table 8 Global Steviol Glycoside Revenue (USD Million) And CAGR (%) By Applications (2018-2028)
Table 9 Global Steviol Glycoside Revenue (USD Million) And CAGR (%) By Regions (2018-2028)
Table 10 Global Steviol Glycoside Revenue (USD Million) By Type (2018-2022)
Table 11 Global Steviol Glycoside Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Steviol Glycoside Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Steviol Glycoside Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Steviol Glycoside Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Steviol Glycoside Market Share (%) By Regions (2018-2022)
Table 16 North America Steviol Glycoside Revenue (USD Million) By Country (2018-2022)
Table 17 North America Steviol Glycoside Revenue (USD Million) By Type (2018-2022)
Table 18 North America Steviol Glycoside Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Steviol Glycoside Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Steviol Glycoside Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Steviol Glycoside Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Steviol Glycoside Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Steviol Glycoside Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Steviol Glycoside Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Steviol Glycoside Revenue (USD Million) By Country (2018-2022)
Table 26 South America Steviol Glycoside Revenue (USD Million) By Type (2018-2022)
Table 27 South America Steviol Glycoside Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Steviol Glycoside Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Steviol Glycoside Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Steviol Glycoside Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Steviol Glycoside Revenue (USD Million) By Type (2023-2028)
Table 33 Global Steviol Glycoside Revenue Market Share (%) By Type (2023-2028)
Table 34 Global Steviol Glycoside Revenue (USD Million) By Applications (2023-2028)
Table 35 Global Steviol Glycoside Revenue Market Share (%) By Applications (2023-2028)
Table 36 Global Steviol Glycoside Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2028)
Table 37 North America Steviol Glycoside Revenue (USD)By Country (2023-2028)
Table 38 North America Steviol Glycoside Revenue (USD Million) By Type (2023-2028)
Table 39 North America Steviol Glycoside Revenue (USD Million) By Applications (2023-2028)
Table 40 Europe Steviol Glycoside Revenue (USD Million) By Country (2023-2028)
Table 41 Europe Steviol Glycoside Revenue (USD Million) By Type (2023-2028)
Table 42 Europe Steviol Glycoside Revenue (USD Million) By Applications (2023-2028)
Table 43 Asia Pacific Steviol Glycoside Revenue (USD Million) By Country (2023-2028)
Table 44 Asia Pacific Steviol Glycoside Revenue (USD Million) By Type (2023-2028)
Table 45 Asia Pacific Steviol Glycoside Revenue (USD Million) By Applications (2023-2028)
Table 46 South America Steviol Glycoside Revenue (USD Million) By Country (2023-2028)
Table 47 South America Steviol Glycoside Revenue (USD Million) By Type (2023-2028)
Table 48 South America Steviol Glycoside Revenue (USD Million) By Applications (2023-2028)
Table 49 Middle East and Africa Steviol Glycoside Revenue (USD Million) By Region (2023-2028)
Table 50 Middle East and Africa Steviol Glycoside Revenue (USD Million) By Region (2023-2028)
Table 51 Middle East and Africa Steviol Glycoside Revenue (USD Million) By Type (2023-2028)
Table 52 Middle East and Africa Steviol Glycoside Revenue (USD Million) By Applications (2023-2028)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List Of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Steviol Glycoside Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Steviol Glycoside Revenue Market Share (%) By Type (2022)
Figure 5 Global Steviol Glycoside Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Steviol Glycoside Revenue Market Share (%) By Applications (2022)
Figure 7 Global Steviol Glycoside Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Steviol Glycoside Market Share (%) By Regions (2022)
Figure 9 North America Steviol Glycoside Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Steviol Glycoside Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Steviol Glycoside Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Steviol Glycoside Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Steviol Glycoside Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Steviol Glycoside Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Steviol Glycoside Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Steviol Glycoside Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Steviol Glycoside Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Steviol Glycoside Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Steviol Glycoside Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Steviol Glycoside Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Steviol Glycoside Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Steviol Glycoside Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Steviol Glycoside Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Steviol Glycoside Revenue (USD Million) By Type (2023-2028)
Figure 25 Global Steviol Glycoside Revenue Market Share (%) By Type (2028)
Figure 26 Global Steviol Glycoside Revenue (USD Million) By Applications (2023-2028)
Figure 27 Global Steviol Glycoside Revenue Market Share (%) By Applications (2028)
Figure 28 Global Steviol Glycoside Market Revenue (USD Million) By Regions (2023-2028)
Figure 29 North America Steviol Glycoside Revenue (USD Million) By Country (2023-2028)
Figure 30 North America Steviol Glycoside Revenue (USD Million) By Type (2023-2028)
Figure 31 North America Steviol Glycoside Revenue (USD Million) By Applications (2023-2028)
Figure 32 Europe Steviol Glycoside Revenue (USD Million) By Country (2023-2028)
Figure 33 Europe Steviol Glycoside Revenue (USD Million) By Type (2023-2028)
Figure 34 Europe Steviol Glycoside Revenue (USD Million) By Applications (2023-2028)
Figure 35 Asia Pacific Steviol Glycoside Revenue (USD Million) By Country (2023-2028)
Figure 36 Asia Pacific Steviol Glycoside Revenue (USD Million) By Type (2023-2028)
Figure 37 Asia Pacific Steviol Glycoside Revenue (USD Million) By Applications (2023-2028)
Figure 38 South America Steviol Glycoside Revenue (USD Million) By Country (2023-2028)
Figure 39 South America Steviol Glycoside Revenue (USD Million) By Type (2023-2028)
Figure 40 South America Steviol Glycoside Revenue (USD Million) By Applications (2023-2028)
Figure 41 Middle East and Africa Steviol Glycoside Revenue (USD Million) By Region (2023-2028)
Figure 42 Middle East and Africa Steviol Glycoside Revenue (USD Million) By Region (2023-2028)
Figure 43 Middle East and Africa Steviol Glycoside Revenue (USD Million) By Type (2023-2028)
Figure 44 Middle East and Africa Steviol Glycoside Revenue (USD Million) By Applications (2023-2028)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation