Steviol Glycoside Trends and Forecast
The future of the global steviol glycoside market looks promising with opportunities in the food and beverage markets. The global steviol glycoside market is expected to reach an estimated $6.4 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are increasing steviol glycoside demand from the beverage and food sector, increasing requests from food producers for artificial sweeteners in items such hot beverages, yoghurts, and desserts made with fruit and milk, as well as, worldwide acceptance of plant-based diets and vegan lifestyles is rising at an accelerating rate.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Steviol Glycoside by Segment
The study includes a forecast for the global steviol glycoside by type, end use, and region.
Steviol Glycoside Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Stevioside
• Dulcoside A
• Others
Steviol Glycoside Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Food
• Beverage
• Others
Steviol Glycoside Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Steviol Glycoside Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies steviol glycoside companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the steviol glycoside companies profiled in this report include-
• Cargill
• Sunrise Nutrachem
• Tate & Lyle
• Ingredion
• Sunwin Stevia International
• Kerry
• FUJIFILM Wako Pure Chemical
• Evolva
• Koninklijke
• Stevia Extraction Technology
Steviol Glycoside Market Insights
Lucintel forecasts that stevioside will remain the larger segment over the forecast period because of its low calorie content, it is often used as a sugar alternative in diets aimed at weight loss.
Within this market, food will remain the larger segment because the consumers are increasingly seeking healthier alternatives to sugar, driven by concerns about obesity, diabetes, and other health issues.
North America will remain the largest region over the forecast period due to enormous need in this area for artificial sweeteners, along with the significant production of beverages in the region.
Features of the Global Steviol Glycoside Market
Market Size Estimates: Steviol glycoside market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Steviol glycoside market size by type, end use, and region in terms of value ($B).
Regional Analysis: Steviol glycoside market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the steviol glycoside market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the steviol glycoside market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the steviol glycoside market size?
Answer: The global steviol glycoside market is expected to reach an estimated $6.4 billion by 2030.
Q2. What is the growth forecast for steviol glycoside market?
Answer: The global steviol glycoside market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the steviol glycoside market?
Answer: The major drivers for this market are increasing steviol glycoside demand from the beverage and food sector, increasing requests from food producers for artificial sweeteners in items such hot beverages, yoghurts, and desserts made with fruit and milk, as well as, worldwide acceptance of plant-based diets and vegan lifestyles is rising at an accelerating rate.
Q4. What are the major segments for steviol glycoside market?
Answer: The future of the global steviol glycoside market looks promising with opportunities in the food and beverage markets.
Q5. Who are the key steviol glycoside market companies?
Answer: Some of the key steviol glycoside companies are as follows:
• Cargill
• Sunrise Nutrachem
• Tate & Lyle
• Ingredion
• Sunwin Stevia International
• Kerry
• FUJIFILM Wako Pure Chemical
• Evolva
• Koninklijke
• Stevia Extraction Technology
Q6. Which steviol glycoside market segment will be the largest in future?
Answer: Lucintel forecasts that stevioside will remain the larger segment over the forecast period because of its low calorie content, it is often used as a sugar alternative in diets aimed at weight loss.
Q7. In steviol glycoside market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to enormous need in this area for artificial sweeteners, along with the significant production of beverages in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the steviol glycoside market by type (stevioside, dulcoside A, and others), end use (food, beverage, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Steviol Glycoside Market, Steviol Glycoside Market Size, Steviol Glycoside Market Growth, Steviol Glycoside Market Analysis, Steviol Glycoside Market Report, Steviol Glycoside Market Share, Steviol Glycoside Market Trends, Steviol Glycoside Market Forecast, Steviol Glycoside Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.