Global Steviol Glycoside Market, Size, Trends, By Type (Steviolbioside, Stevioside, Rebaudioside A, Rebaudioside B), By Processing Method (Fermentation based Production, Farming based Production), By End-Use Application (Food, Beverage, Medicine, Chemical, Others) and By Region (North America, Latin America, Europe, Asia Pacific, Central America and Africa): Global Opportunity Analysis and Industry forecast, 2023-2030.
Global Steviol Glycoside Market
With a CAGR of 4.31 % from 2023 to 2030, the Global Steviol Glycoside Market is expected to grow from its estimated value of US$ 4605 Mn in 2022 to US$ 6852 Mn by 2030.
The steviol glycoside chemical can be found in the leaves of the stevia rabaudiana bertoni plant. Steviol glycosides are also known as refined stevia leaf extract, purified stevia extract, and other names. People with diabetes are unaffected by steviol glycosides. The consumption of steviol glycosides is rising as a result of their viability. Due to the fact that it is 300 times sweeter than sucrose and does not result in a glycemic response when consumed, this chemical is used as an excellent sugar alternative.
Market Drivers
Steviol glycoside sales are primarily fueled by the increased demand for these ingredients in the food and beverage sector. Due to their potent refreshing and sweetness qualities, these chemicals provide excellent choices for numerous beverages and food items. T Steviol glycoside has been authorised for use in the food and beverage industry by the European Food Safety Authority (EFSA). Over the course of the forecast period, it is also projected that the health benefits of steviol glycoside consumption would propel the market's growth rate.
Steviol glycosides are a component found in a wide variety of pharmacological goods, including functional foods, herbal medications, and dietary supplements. Steviol glycoside also helps to control high blood pressure, which is a major contributor to heart attacks, strokes, and kidney failure when taken orally in excessive dosages. Therefore, it is anticipated that during the course of the forecast year, the market's growth rate would be accelerated by the increasing use of steviol glycoside in the pharmaceutical industry.
Market Restraints
It is not advised for those who are allergic to steviol glycoside to consume this product. Steviol occasionally causes a severe allergic reaction known as anaphylaxis. When steviol glycoside is consumed, allergic reactions can manifest as asthma, general weakness, shortness of breath, hives, disorientation, or difficulty swallowing. These are some of the main obstacles to the market's expansion.
Market Segmentation
The scope of the Global Steviol Glycoside Market covers segmentation based on By Type, By Processing Method, By End-Use Application and By Region.
By Type, the market is segmented into Steviolbioside, Stevioside, Rebaudioside A, Rebaudioside B. By Processing Method, the market is segmented into Fermentation based Production, Farming based Production. By End-Use Application, the market is segmented into Food, Beverage, Medicine, Chemical, Others.
Regional Analysis
The Global Steviol Glycoside Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The market for steviol glycosides is predicted to be dominated by North America because to the region's increased administration in response to the high demand for artificial sweeteners.
Due to the U.S.'s high consumption rate in this area, North America is predicted to have the quickest growth in the global steviol glycoside market during the forecast period. Additionally, steviol glycoside (EDTA) is widely utilised in a variety of applications, which is probably fueling the expansion of this market.
Key Players
Cargill, Incorporated, PureCircle, Tate & Lyle, MORITA KAGAKU KOGYO CO. LTD., Ingredion., GLG LIFE TECH CORP., Sweegen, DSM, Layn Corp., ADM.
Market Taxonomy
By Type
• Steviolbioside
• Stevioside
• Rebaudioside A
• Rebaudioside B
By Processing Method
• Fermentation based Production
• Farming based Production
By End-Use Application
• Food
• Beverage
• Medicine
• Chemical
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Global Steviol Glycoside Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Steviol Glycoside Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Steviol Glycoside Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Steviol Glycoside Market Share Analysis, By Type
5.3 Global Steviol Glycoside Market Size and Forecast, By Type
5.3.1 Steviolbioside
5.3.2 Stevioside
5.3.3 Rebaudioside A
5.3.4 Rebaudioside B
6 Global Steviol Glycoside Market, By Processing Method
6.1 Y-o-Y Growth Comparison, By Processing Method
6.2 Global Steviol Glycoside Market Share Analysis, By Processing Method
6.3 Global Steviol Glycoside Market Size and Forecast, By Processing Method
6.3.1 Fermentation based Production
6.3.2 Farming based Production
7 Global Steviol Glycoside Market, By End-Use Application
7.1 Y-o-Y Growth Comparison, By End-Use Application
7.2 Global Steviol Glycoside Market Share Analysis, By End-Use Application
7.3 Global Steviol Glycoside Market Size and Forecast, By End-Use Application
7.3.1 Food
7.2.2 Beverage
7.2.3 Medicine
7.2.4 Chemical
7.2.5 Others
8 Global Steviol Glycoside Market, By Region
8.1 Global Steviol Glycoside Market Share Analysis, By Region
8.2 Global Steviol Glycoside Market Size and Forecast, By Region
8.3 Global Steviol Glycoside Market Trends and Forecast, By Region
9 North America Steviol Glycoside Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Steviol Glycoside Market Share Analysis, By Type
9.3 North America Steviol Glycoside Market Size and Forecast, By Processing Method
9.4 North America Steviol Glycoside Market Size and Forecast, By End-Use Application
9.5 North America Steviol Glycoside Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1. Market Size and Forecast, By Type
9.5.1.2 Market Size and Forecast, By Processing Method
9.5.1.3. Market Size and Forecast, By End-Use Application
9.5.2 Canada
9.5.2.1. Market Size and Forecast, By Type
9.5.2.2 Market Size and Forecast, By Processing Method
9.5.2.3. Market Size and Forecast, By End-Use Application
9.5.3 Mexico
9.5.3.1. Market Size and Forecast, By Type
9.5.3.2 Market Size and Forecast, By Processing Method
9.5.3.3. Market Size and Forecast, By End-Use Application
10 Europe Steviol Glycoside Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Steviol Glycoside Market Share Analysis, By Type
10.3 Europe Steviol Glycoside Market Size and Forecast, By Processing Method
10.4 Europe Steviol Glycoside Market Size and Forecast, By End-Use Application
10.5 Europe Steviol Glycoside Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1. Market Size and Forecast, By Type
10.5.1.2 Market Size and Forecast, By Processing Method
10.5.1.3. Market Size and Forecast, By End-Use Application
10.5.2 France
10.5.2.1. Market Size and Forecast, By Type
10.5.2.2 Market Size and Forecast, By Processing Method
10.5.2.3. Market Size and Forecast, By End-Use Application
10.5.3 UK
10.5.3.1. Market Size and Forecast, By Type
10.5.3.2 Market Size and Forecast, By Processing Method
10.5.3.3. Market Size and Forecast, By End-Use Application
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Type
10.5.4.2 Market Size and Forecast, By Processing Method
10.5.4.3. Market Size and Forecast, By End-Use Application
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Type
10.5.5.2 Market Size and Forecast, By Processing Method
10.5.5.3. Market Size and Forecast, By End-Use Application
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Type
10.5.6.2 Market Size and Forecast, By Processing Method
10.5.6.3. Market Size and Forecast, By End-Use Application
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Type
10.5.7.2 Market Size and Forecast, By Processing Method
10.5.7.3. Market Size and Forecast, By End-Use Application
11 Asia Pacific Steviol Glycoside Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Steviol Glycoside Market Share Analysis, By Type
11.3 Asia Pacific Steviol Glycoside Market Size and Forecast, By Processing Method
11.4 Asia Pacific Steviol Glycoside Market Size and Forecast, By End-Use Application
11.5 Asia Pacific Steviol Glycoside Market Size and Forecast, By Country
11.5.1 China
11.5.1.1. Market Size and Forecast, By Type
11.5.1.2 Market Size and Forecast, By Processing Method
11.5.1.3. Market Size and Forecast, By End-Use Application
11.5.2 Japan
11.5.2.1. Market Size and Forecast, By Type
11.5.2.2 Market Size and Forecast, By Processing Method
11.5.2.3. Market Size and Forecast, By End-Use Application
11.5.3 India
11.5.3.1. Market Size and Forecast, By Type
11.5.3.2 Market Size and Forecast, By Processing Method
11.5.3.3. Market Size and Forecast, By End-Use Application
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Type
11.5.4.2 Market Size and Forecast, By Processing Method
11.5.4.3. Market Size and Forecast, By End-Use Application
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Type
11.5.5.2 Market Size and Forecast, By Processing Method
11.5.5.3. Market Size and Forecast, By End-Use Application
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Type
11.5.6.2 Market Size and Forecast, By Processing Method
11.5.6.3. Market Size and Forecast, By End-Use Application
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Type
11.5.7.2 Market Size and Forecast, By Processing Method
11.5.7.3. Market Size and Forecast, By End-Use Application
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Type
11.5.8.2 Market Size and Forecast, By Processing Method
11.5.8.3. Market Size and Forecast, By End-Use Application
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Type
11.5.9.2 Market Size and Forecast, By Processing Method
11.5.9.3. Market Size and Forecast, By End-Use Application
12 Latin America Steviol Glycoside Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Steviol Glycoside Market Share Analysis, By Type
12.3 Latin America Steviol Glycoside Market Size and Forecast, By Processing Method
12.4 Latin America Steviol Glycoside Market Size and Forecast, By End-Use Application
12.5 Latin America Steviol Glycoside Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1. Market Size and Forecast, By Type
12.5.1.2 Market Size and Forecast, By Processing Method
12.5.1.3. Market Size and Forecast, By End-Use Application
12.5.2 Argentina
12.5.2.1. Market Size and Forecast, By Type
12.5.2.2 Market Size and Forecast, By Processing Method
12.5.2.3. Market Size and Forecast, By End-Use Application
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Type
12.5.3.2 Market Size and Forecast, By Processing Method
12.5.3.3. Market Size and Forecast, By End-Use Application
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Type
12.5.4.2 Market Size and Forecast, By Processing Method
12.5.4.3. Market Size and Forecast, By End-Use Application
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Type
12.5.5.2 Market Size and Forecast, By Processing Method
12.5.5.3. Market Size and Forecast, By End-Use Application
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Type
12.5.6.2 Market Size and Forecast, By Processing Method
12.5.6.3. Market Size and Forecast, By End-Use Application
12.5.7. rest of Latin America
12.5.7.1. Market Size and Forecast, By Type
12.5.7.2 Market Size and Forecast, By Processing Method
12.5.7.3. Market Size and Forecast, By End-Use Application
13 Middle East Steviol Glycoside Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Steviol Glycoside Market Share Analysis, By Type
13.3 Middle East Steviol Glycoside Market Size and Forecast, By Processing Method
13.4 Middle East Steviol Glycoside Market Size and Forecast, By End-Use Application
13.5 Middle East Steviol Glycoside Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Type
13.5.1.2 Market Size and Forecast, By Processing Method
13.5.1.3. Market Size and Forecast, By End-Use Application
13.5.2 UAE
13.5.2.1. Market Size and Forecast, By Type
13.5.2.2 Market Size and Forecast, By Processing Method
13.5.2.3. Market Size and Forecast, By End-Use Application
13.5.3 Egypt
13.5.3.1. Market Size and Forecast, By Type
13.5.3.2 Market Size and Forecast, By Processing Method
13.5.3.3. Market Size and Forecast, By End-Use Application
13.5.4 Kuwait
13.5.4.1. Market Size and Forecast, By Type
13.5.4.2 Market Size and Forecast, By Processing Method
13.5.4.3. Market Size and Forecast, By End-Use Application
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Type
13.5.5.2 Market Size and Forecast, By Processing Method
13.5.5.3 Market Size and Forecast, By End-Use Application
13.5.5 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Type
13.5.6.2 Market Size and Forecast, By Processing Method
13.5.6.3 Market Size and Forecast, By End-Use Application
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Cargill Incorporated
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. PureCircle
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Tate & Lyle
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 MORITA KAGAKU KOGYO CO. LTD.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Ingredion.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 GLG LIFE TECH CORP.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Sweegen
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 DSM
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Layn Corp.
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 ADM
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
