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Steviol glycosides Market Overview:
The Steviol glycosides Market size is expected to reach $4700 million by 2030, growing at a CAGR of 8.0% during the forecast period from 2023 to 2030.
The steviol glycosides market is experiencing robust growth due to the increasing demand for natural sweeteners and the rising awareness of health-conscious consumers. Steviol glycosides, derived from the leaves of the Stevia plant, are renowned for their high sweetness levels and zero-calorie content. They are widely used as a sugar substitute in various food and beverage products, including soft drinks, snacks, and confectionery items.
Key drivers of this market include the growing preference for healthier alternatives to sugar, the escalating incidence of diabetes and obesity, and government initiatives to reduce sugar consumption. Additionally, the food and beverage industry's efforts to develop low-calorie and sugar-free products have significantly contributed to the expansion of the steviol glycosides market. As a result, manufacturers are investing in research and development to enhance the taste profile of steviol glycosides and expand their applications. Overall, the steviol glycosides market is poised for sustained growth, with increasing consumer interest in natural, low-calorie sweeteners.
Market Snapshot: Steviol glycosidesMarket- Report Coverage:
The “Steviol glycosides Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Steviol glycosides Market.
Steviol glycosides Market- Top Trends:
● Growing Demand for Natural Sweeteners
Consumer awareness about the health risks associated with excessive sugar consumption has led to a surge in demand for natural sweeteners like steviol glycosides. People are increasingly looking for alternatives that offer sweetness without the negative health impacts of sugar, such as weight gain and diabetes. Steviol glycosides are a perfect fit, as they are derived from a plant source and have no calories, making them a healthier choice for those looking to reduce their sugar intake.
● Expanding Food and Beverage Applications
Steviol glycosides are finding applications in a wide range of food and beverage products. Initially, they were used primarily in dietary and sugar-free products. However, their versatility and natural origin have prompted food and beverage manufacturers to incorporate them into a broader spectrum of products, including soft drinks, dairy products, baked goods, and condiments. This expansion of applications is expected to fuel the growth of the steviol glycosides market in the coming years.
● Increasing Regulatory Approvals
Regulatory authorities in many countries are recognizing the safety and benefits of steviol glycosides, leading to increased approvals for their use in various food and beverage products. The United States Food and Drug Administration (FDA), the European Food Safety Authority (EFSA), and other regulatory bodies have evaluated and approved the use of steviol glycosides, providing confidence to both manufacturers and consumers. These approvals open up new markets and opportunities for the steviol glycosides industry.
● Advancements in Production Technology
The production of steviol glycosides has seen significant advancements in recent years. Traditional extraction methods have been refined, and more efficient and sustainable processes have been developed. These innovations not only increase the yield of steviol glycosides but also reduce production costs, making them more accessible to a broader range of food and beverage companies. This trend is expected to continue, further driving the growth of the market.
● Growing Sustainability Awareness
As consumers become more environmentally conscious, the sustainability of the ingredients in their food and beverages is increasingly important. Steviol glycosides are derived from the Stevia plant, which is considered a sustainable and eco-friendly source. The plant requires less water and land compared to traditional sugar crops like sugarcane or sugar beets. This sustainability aspect is resonating with consumers and is becoming a key driver in their choice of sweeteners. As a result, more food and beverage companies are turning to steviol glycosides to meet this demand for sustainable products.
The Steviol glycosides Market- Company Analysis
PureCircle Limited:
PureCircle, a global leader in the steviol glycosides market, is renowned for its innovative approaches to steviol glycoside production. They have played a pivotal role in advancing the development and commercialization of high-purity steviol glycosides.
The company offers a broad portfolio of stevia-based sweeteners, catering to the needs of the food and beverage industry. They are recognized for their commitment to sustainability, responsible sourcing, and providing clean label solutions.
Cargill, Inc.:
Cargill is a multinational corporation with a substantial presence in the steviol glycosides market. They have developed a range of stevia-based sweeteners known as "ViaTech," designed to reduce calories in various food and beverage applications.
Leveraging their global distribution network, Cargill has successfully provided steviol glycosides to manufacturers worldwide, contributing to their prominent position in the market.
Ingredion Incorporated:
Ingredion is a global ingredient solutions provider, offering a comprehensive suite of sweetening solutions, including steviol glycosides. They are known for their expertise in ingredient formulation and application. The company's dedication to clean label, non-GMO solutions aligns well with the clean eating trend, making them a preferred partner for food and beverage product development.
Tate & Lyle:
Tate & Lyle, a well-established name in the food and beverage industry, provides a wide range of ingredients, including steviol glycosides. Their sweeteners are utilized in various applications, from beverages and confectionery to dairy products and baked goods.
Tate & Lyle's reputation for product quality and consistency has earned them the trust of manufacturers and consumers alike.
GLG Life Tech Corporation:
GLG Life Tech is a significant global producer of high-purity stevia extracts. They are known for their commitment to environmentally friendly and sustainable production practices.
The company's focus on responsible sourcing and sustainable agriculture has positioned them as a reliable supplier of steviol glycosides to various industries, including food, beverages, and pharmaceuticals.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Steviol glycosides Market Report. The top 10 companies in this industry are listed below:
Ingredion, Inc.,
Cargill,
GL Stevia,
PureCircle,
Zydus,
Merisant,
Daepyung,
Morita Kagaku Kogyo,
Tate & Lyle,
Sunrise Nutrachem Group
Scope of Report:
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1. Steviol glycosides Market- Overview
1.1. Definitions and Scope
2. Steviol glycosides Market- Executive Summary
3. Steviol glycosides Market- Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Steviol glycosides Market- Start-up Companies Scenario (Premium)
4.1. Key Start-up Company Analysis by
4.2. Investment
4.3. Revenue
4.4. Venture Capital and Funding Scenario
5. Steviol glycosides Market– Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Steviol glycosides Market- Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.5. Bargaining Power of Suppliers
6.6. Bargaining Powers of Customers
6.7. Threat of New Entrants
6.8. Rivalry Among Existing Players
6.9. Threat of Substitutes
7. Steviol glycosides Market– Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3 Market Life Cycle
8. Steviol glycosides Market- By Type e (Market Size – $Million/$Billion)
8.1. Stevioside
8.1.1. Top Trends, Growth Factors and Opportunities
8.1.2. TAM & Forecast by Region
8.2. Rebaudioside A
8.2.1. Top Trends, Growth Factors and Opportunities
8.2.2. TAM & Forecast by Region
8.3. Rebaudioside C
8.3.1. Top Trends, Growth Factors and Opportunities
8.3.2. TAM & Forecast by Region
8.4. Dulcoside A
8.4.1. Top Trends, Growth Factors and Opportunities
8.4.2. TAM & Forecast by Region
8.5. Other
8.5.1. Top Trends, Growth Factors and Opportunities
8.5.2. TAM & Forecast by Region
9. Steviol glycosides Market– By Processing Method (Market Size – $Million/$Billion)
9.1. Fermentation
9.1.1. Top Trends, Growth Factors and Opportunities
9.1.2. TAM & Forecast by Region
9.2. Farming based Production
9.2.1. Top Trends, Growth Factors and Opportunities
9.2.2. TAM & Forecast by Region
10. Steviol glycosides Market– End-Use Application (Market Size – $Million/$Billion)
10.1. Food, Beverage
10.1.1. Top Trends, Growth Factors and Opportunities
10.1.2. TAM & Forecast by Region
10.2. Medicine
10.2.1. Top Trends, Growth Factors and Opportunities
10.2.2. TAM & Forecast by Region
10.3. Chemical
10.3.1. Top Trends, Growth Factors and Opportunities
10.3.2. TAM & Forecast by Region
10.4. Others
10.4.1. Top Trends, Growth Factors and Opportunities
10.4.2. TAM & Forecast by Region
11. Steviol glycosides Market– By Geography (Market Size – $Million/$Billion)
11.1. North America
11.1.1. The U.S.
11.1.2. Canada
11.1.3. Mexico
11.2. Europe
11.2.1. UK
11.2.2. Germany
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. India
11.3.3. Japan
11.3.4. South Korea
11.3.5. Australia & New Zealand
11.3.6. Rest of Asia-Pacific
11.4. South America
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Chile
11.4.4. Colombia
11.4.5. Rest of South America
11.5. Rest of the World
11.5.1. Middle East
11.5.2. Africa
12. Steviol glycosides Market– Entropy
12.1.1. New product launches
12.1.2. M&A’s, collaborations, JVs and partnerships
13. Steviol glycosides Market– Industry/Segment Competition Landscape Premium
13.1. Market Share Analysis
13.1.1. Market Share by Product Type – Key Companies
13.1.2. Market Share by Region – Key Companies
13.1.3. Market Share by Country – Key Companies
13.2. Competition Matrix
13.3. Best Practices for Companies
14. Steviol glycosides Market– Key Company List by Country Premium
15. Steviol glycosides Market- Company Analysis
15.1. Ingredion, Inc.,
15.2. Cargill,
15.3. GL Stevia,
15.4. PureCircle,
15.5. Zydus,
15.6. Merisant,
15.7. Daepyung,
15.8. Morita Kagaku Kogyo,
15.9. Tate & Lyle,
15.10. Sunrise Nutrachem Group
15.11. ADM
15.12. Layn Corp.
15.13. DSM
15.14. Sweegen
15.15. FUJIFILM Wako Pure Chemical Corporation
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The Steviol glycosides Market is projected to grow at 8.0% CAGR during the forecast period 2023-2030.
Steviol glycosides Markets is projected to reach $4700million by 2030
The leading players in the Steviol glycosides Market are Ingredion, Inc., Cargill, GL Stevia, PureCircle, Zydus, Merisant, Daepyung, Morita Kagaku Kogyo, Tate & Lyle, Sunrise Nutrachem Group.