Steviol Glycoside Market Research Report, by Type (Stevioside, Dulcoside A, and Others), by End-user (Food, Beverage, Others), and Region - Forecast to 2030

Market Overview:

Stevia extracted from Stevia leaves is a natural sweetener or additives used in industries like chemical, food, beverage, medicine, pharmaceutical, and others. New product launches like energy drinks and other beverages in the beverage and food industry have generated a surge in demand for stevia-based products. 

Many investors have shown interest in the Stevia manufacturing companies seeing the rising opportunity in the steviol glycoside market. Rising health concerns and diseases like obesity, diabetes, cancer, and others have shifted customer's inclination towards low-calorie products and other non-sugar substitutes like stevia. 

Other factors involving the market growth are new product developments, concerns about health issues, rising demand for artificial sweeteners especially in yogurts, fruit-based drinks, hot fluidity, milk-based drinks, and other delicacies. Also, rising support from government and healthcare centers promoting healthy lifestyles has spurred the market growth. However, fluctuating and disparity in the price of stevia leave to act as a market restraint. Few people also developed allergies like anaphylaxis and other long terms effects like wheezing, dizziness, general weakness, shortness of breath, difficulty in swallowing. Even stevia is not subscribed to children because the origin of the stevia leaves is still unknown to people.

A study on market size estimation based on value and volume approaches followed to increase the market game by end-users, strategies to attract buyers and suppliers, and bridge the gap of demand-supply is studied under the market dynamics of the Steviol Glycoside Market. The global Steviol Glycoside Market is expected to generate a revenue of more than 536 million US dollars by the end of the forecast period. The global Steviol Glycoside Market is expected to register a CAGR of 9% by the year 2023.

COVID-19 Analysis:

The outbreak of the global COVID-19 pandemic has adversely affected the global Steviol glycosides market. The economic growth declined to a considerable amount in all the regions due to dynamically changing patterns of expenditure of various users on food items, beverages, chemicals, and medicines. The demand and supply chain were hampered immensely because of the national and international travel bans to contain the spread of the virus. Lockdowns globally are responsible for the insufficient supply of raw materials i.e. stevia leaves to extract stevia powder. This supply insufficiency hindered the rate of production of Steviol glycosides declining the market value. However, the market is expected to regain its value seeing to current market trends to fight the pandemic and maintain industrial values.

Market Dynamics:

Drivers:

Challenges:

Technology Analysis:

Stevia extracted from Stevia leaves is a natural sweetener or additives used in industries like chemical, food, beverage, medicine, pharmaceutical, and others. Many investors have shown interest in the Stevia manufacturing companies seeing the rising opportunity in the steviol glycoside market. Rising health concerns and diseases like obesity, diabetes, cancer, and others have shifted customer's inclination towards low-calorie products and other non-sugar substitutes like stevia. 

Other factors involving the market growth are new product developments, mergers and acquisitions, product launches, concerns about health issues, rising demand for artificial sweeteners especially in yogurts, fruit-based drinks, hot fluidity, milk-based drinks, and other delicacies. Also, rising support from government and healthcare centers promoting healthy lifestyles has spurred the market growth. However, fluctuating and disparity in the price of stevia leave to act as a market restraint. Few people tend to develop allergies like anaphylaxis and other long terms effects like wheezing, dizziness, general weakness, shortness of breath, difficulty in swallowing. 

New product launches like energy drinks and other beverages in the beverage and food industry have generated a surge in demand for stevia-based products. China on the other hand has disrupted the market dynamics by providing comparatively cheaper stevia products.

North America and Europe have also added to the market's competition of the steviol glycoside market.

Study Objectives:

The study objectives of the global steviol glycoside market are:

Segment Overview:

By Type:

The global Steviol Glycoside Market is segmented based on type as Dulcoside A, Stevioside, Rebaudioside A, Rebaudioside B, Rebaudioside C, Rebaudioside D, Rebaudioside E, Rebaudioside F, and others.

By End Users:

The global Steviol Glycoside Market is segmented based on end-users as beverage, food, medicine, chemical, and others.

Regional Analysis:

The global Steviol Glycoside Market is segmented based on region as:

• Latin America (Brazil, Argentina, Mexico, and the Rest of Latin America)


• Europe (Germany, Russia, Spain, The United Kingdom, France, Italy, and the Rest of Europe)


• Asia Pacific (India, China, Japan, Singapore, New Zealand, Australia, Indonesia, Thailand, Philippines, Southeast Asia, Malaysia, and the Rest of Asia Pacific)


• The Middle East (Turkey, Saudi Arabia, Israel, Egypt, Gulf Cooperation Council (GCC), U.A.E, and the rest of The Middle East)

Africa and North Africa

• Asia Pacific is the market-dominant of the global steviol glycoside market followed by Europe and North America. The rising demand for artificial sweeteners especially in yogurts, fruit-based drinks, hot fluidity, milk-based drinks, and other delicacies has dominated the market in the region.


• Rising initiatives from government and healthcare centers from around the world promoting a healthy lifestyle are making the market for Steviol Glycoside globally.

Competitive Landscape:

The competitive landscape of the global steviol glycoside market shares a detailed report accumulated by industry's experts on company overview, revenue generated, investment in the department of research and development, global presence, production capacities, production sites, production facilities, product width, product launch, product breadth, company financials, market potential, new market initiatives, company strengths, weaknesses, and application dominance.

The Intended Audience of the global steviol glycoside market is Steviol Glycoside Manufacturers, Potential Investors, Governments, End-use Industries, Suppliers, Distributors, Raw Material Suppliers, and Other Associations.

The prominent market players of the global steviol glycoside market are Cargill Incorporated, Sunrise Nutrachem Group, Tate & Lyle, Ingredion Incorporated, Sunwin Stevia International Inc., Kerry Inc., FUJIFILM Wako Pure Chemical Corporation, Evolva, Koninklijke DSM N.V., Archer Daniels Midland Company, PureCircle, GL Stevia, MORITA KAGAKU KOGYO CO. LTD., GLG LIFE TECH CORP., Zhucheng HaoTian Pharm Co.Ltd., Sweegen.com, Stevia Extraction Technology, and Layn Corp.

Recent Developments:

Report Overview:

The report overview of the global steviol glycoside market is: