Global Steviol Glycoside Market Size study & Forecast, by Type (Steviolbioside, Stevioside, Rebaudioside A, Rebaudioside B) By Processing Method (Fermentation, Farming) by End-User (Food Beverage, Medicine, Chemical, Others) and Regional Analysis, 2022-20

Global Steviol Glycoside Market Size study & Forecast, by Type (Steviolbioside, Stevioside, Rebaudioside A, Rebaudioside B) By Processing Method (Fermentation, Farming) by End-User (Food Beverage, Medicine, Chemical, Others) and Regional Analysis, 2022-2029

Global Steviol Glycoside Market is valued at approximately USD 4376.78 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.10% over the forecast period 2022-2029. Stevia extracted from Stevia leaves is a natural sweetener or additives used in industries such as chemical, food, beverage, medicine, pharmaceutical, and others. The Steviol Glycoside market is expanding because of factors such as the rising increasing consumption of steviol glycoside in the FMCG industry and increasing chronic diseases and other health concerns.

Steviol glycosides are used as a constituent in an extensive range of pharma products such dietary supplements, as herbal medicines, and functional foods in the pharmaceutical industry. Its prevalence has progressively increased during the last few decades. According to the World Health Organization, diabetes will afflict 537 million adults globally in 2021, with one in ten experiencing other diabetes. Furthermore, geriatric, and obese populations are predisposed to chronic diseases. According to the World Bank Group, the world’s old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. Another important component driving space is the rising consumption of steviol glycoside in the FMCG industry. As per Statista, the global stevia market was estimated to be worth around USD 750 million in 2021. By 2026, forecasts predict growth of over USD one billion. In 2021, the largest category on the market is stevia in powder form, which is estimated to account for USD 340 million of the total market value. In addition, the global market of natural sweetener Stevia was forecasted to reach about USD 771.5 million by 2022. Also, growing application in the beverage industry and increasing demand for artificial sweeteners would create a lucrative growth prospectus for the market over the forecast period. However, a lack of awareness about steviol glycoside stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Steviol Glycoside Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rising demand for artificial sweeteners, especially in yogurts, and fruit-based drinks. According to Statista, there will be roughly 37.3 million diabetics in the United States in 2020, including 28.7 million diagnosed and 8.5 million undiagnosed cases. Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as the large consumption rate of Steviol Glycoside in the market space.

Major market player included in this report are:
Cargill, Incorporated
PureCircle
Tate & Lyle
MORITA KAGAKU KOGYO CO. LTD.
Ingredion Incorporated
GLG LIFE TECH CORP
FUJIFILM Wako Pure Chemical Corporation
Sweegen Inc
Koninklijke DSM N.V.
Layn Corp

Recent Developments in the Market:
In December 2021, Ingredion expands natural flavour modifier portfolio with PureCircle™ NSF-13. It was created to provide sweetness in a variety of applications, including dairy, bakery, and beverages. PureCircleTM NSF-13, a 'flavour preparation' containing sugar-like steviol glycosides such as Reb M, will increase focused taste tonalities, notably brown notes, while reducing potential bitterness on top of its core sweetness quality contribution.

Global Steviol Glycoside Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Processing Method, Type, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type

Steviolbioside
Stevioside
Rebaudioside A
Rebaudioside B

By Processing Method

Fermentation
Farming

By End-Use Application

Food
Beverage
Medicine
Chemical
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned
Cargill, Incorporated
PureCircle
Tate & Lyle
MORITA KAGAKU KOGYO CO. LTD.
Ingredion Incorporated
GLG LIFE TECH CORP
FUJIFILM Wako Pure Chemical Corporation
Sweegen Inc
Koninklijke DSM N.V.
Layn Corp

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