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Global Steviol Glycoside Market to reach USD 6515.94 million by the end of 2029.

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

Product Code: CMCC-60236224
Publish Date: 17-04-2023
Page: 200

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:
Ø 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
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Steviol Glycoside Market, by Region, 2019-2029 (USD Million)
1.2.2. Steviol Glycoside Market, by Type, 2019-2029 (USD Million)
1.2.3. Steviol Glycoside Market, by Processing Method, 2019-2029 (USD Million)
1.2.4. Steviol Glycoside Market, by End-User, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Steviol Glycoside Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Steviol Glycoside Market Dynamics
3.1. Steviol Glycoside Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing consumption of steviol glycoside in FMCG industry
3.1.1.2. Increasing chronic diseases and other health concerns.
3.1.2. Market Challenges
3.1.2.1. Lack of awareness about steviol glycoside
3.1.3. Market Opportunities
3.1.3.1. Growing application in the beverage industry
3.1.3.2. Increasing demand for artificial sweeteners

Chapter 4. Global Steviol Glycoside Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Steviol Glycoside Market, by Type
6.1. Market Snapshot
6.2. Global Steviol Glycoside Market by Type, Performance – Potential Analysis
6.3. Global Steviol Glycoside Market Estimates & Forecasts by Type 2019-2029 (USD Million)
6.4. Steviol Glycoside Market, Sub Segment Analysis
6.4.1. Steviolbioside
6.4.2. Stevioside
6.4.3. Rebaudioside A
6.4.4. Rebaudioside B

Chapter 7. Global Steviol Glycoside Market, by Processing Method
7.1. Market Snapshot
7.2. Global Steviol Glycoside Market by Processing Method, Performance – Potential Analysis
7.3. Global Steviol Glycoside Market Estimates & Forecasts by Processing Method 2019-2029 (USD Million)
7.4. Steviol Glycoside Market, Sub Segment Analysis
7.4.1. Fermentation
7.4.2. Farming
Chapter 8. Global Steviol Glycoside Market, by End-User
8.1. Market Snapshot
8.2. Global Steviol Glycoside Market by End-User, Performance – Potential Analysis
8.3. Global Steviol Glycoside Market Estimates & Forecasts by End-User 2019-2029 (USD Million)
8.4. Steviol Glycoside Market, Sub Segment Analysis
8.4.1. Food
8.4.2. Beverage
8.4.3. Medicine
8.4.4. Chemical
8.4.5. Others
Chapter 9. Global Steviol Glycoside Market, Regional Analysis
9.1. Steviol Glycoside Market, Regional Market Snapshot
9.2. North America Steviol Glycoside Market
9.2.1. U.S. Steviol Glycoside Market
9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
9.2.1.2. Processing Method breakdown estimates & forecasts, 2019-2029
9.2.1.3. End-User breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Steviol Glycoside Market
9.3. Europe Steviol Glycoside Market Snapshot
9.3.1. U.K. Steviol Glycoside Market
9.3.2. Germany Steviol Glycoside Market
9.3.3. France Steviol Glycoside Market
9.3.4. Spain Steviol Glycoside Market
9.3.5. Italy Steviol Glycoside Market
9.3.6. Rest of Europe Steviol Glycoside Market
9.4. Asia-Pacific Steviol Glycoside Market Snapshot
9.4.1. China Steviol Glycoside Market
9.4.2. India Steviol Glycoside Market
9.4.3. Japan Steviol Glycoside Market
9.4.4. Australia Steviol Glycoside Market
9.4.5. South Korea Steviol Glycoside Market
9.4.6. Rest of Asia Pacific Steviol Glycoside Market
9.5. Latin America Steviol Glycoside Market Snapshot
9.5.1. Brazil Steviol Glycoside Market
9.5.2. Mexico Steviol Glycoside Market
9.5.3. Rest of Latin America Steviol Glycoside Market
9.6. Rest of The World Steviol Glycoside Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Cargill, Incorporated
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. PureCircle
10.2.3. Tate & Lyle PLC
10.2.4. MORITA KAGAKU KOGYO CO. LTD
10.2.5. Ingredion Incorporated
10.2.6. GLG LIFE TECH CORP
10.2.7. FUJIFILM Wako Pure Chemical Corporation
10.2.8. Sweegen, Inc
10.2.9. Koninklijke DSM N.V.
10.2.10. Layn Corp

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Market driving trends and favorable economic conditions
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