Steviol Glycoside Market size was valued at USD 1.5 Billion in 2024 and is forecasted to grow at a CAGR of 8% from 2026 to 2033, reaching USD 3.0 Billion by 2033.
The global Steviol Glycoside Market was valued at approximately USD 700 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of around 8.5% from 2023 to 2030. The growth is driven by increasing consumer demand for natural and low calorie sweeteners, particularly in the food and beverage sector. Rising health consciousness and regulatory approvals for steviol glycosides across major economies are boosting the products adoption as a sugar substitute. Asia Pacific held the largest market share in 2022, accounting for nearly 40% of the global revenue, led by high consumption in China, Japan, and India. North America followed closely with a significant market share, driven by the demand for plant based and sugar free products in the United States. Europe also saw strong uptake due to consumer preference for organic ingredients and strict regulations limiting sugar intake in packaged foods.
Latin America and the Middle East & Africa regions are projected to witness promising growth over the forecast period due to evolving dietary trends and growing awareness about lifestyle diseases such as diabetes and obesity. South America, particularly Brazil, represents an emerging market due to the regions stevia cultivation potential and increased focus on exporting natural sweeteners. Opportunities lie in the increasing use of steviol glycosides in functional beverages, dairy alternatives, and personal care products. Technological advancements in extraction and purification processes are improving the taste profile of stevia based sweeteners, enhancing their applications in high end food formulations. Moreover, clean label product demand and government initiatives to reduce sugar consumption globally are expected to further expand the market footprint, especially in developing economies and health focused product segments.
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PureCircle
Cargill
Sunrise Nutrachem Group
GL Stevia
Merisant
Tate & Lyle
Morita Kagaku Kogyo
Daepyung
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. 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Steviol Glycoside Market
Stevioside
Rebaudioside A
Rebaudioside C
Steviol
Dulcoside A
Food & Beverages
Pharmaceuticals
Cosmetics
Animal Feed
Others
Powder
Liquid
Crystal
Granules
Stevia Leaves
Stevia Extracts
Food Manufacturers
Beverage Manufacturers
Pharmaceutical Companies
Cosmetic Manufacturers
Animal Feed Producers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Steviol Glycoside 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. Global Steviol Glycoside Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Steviol Glycoside Market, By Type
6. Global Steviol Glycoside Market, By Application
7. Global Steviol Glycoside Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Steviol Glycoside Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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