Steviol Glycoside Market Size to Reach USD 9.76 Billion by 2034

Steviol Glycoside Market : Prices Surge Amid Increasing Demand and High Production Costs

Industry forecasts suggest that, the global steviol glycoside market size is expected to be worth around USD 9.76 billion by 2034 from USD 5.85 billion in 2024, growing at a CAGR of 5.25% during the forecast period 2025 to 2034. In 2024, North America led the market, achieving over 36.84% share with a revenue of USD 2.16 Billion.

Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Steviol Glycoside Market 

5.1. COVID-19 Landscape: Steviol Glycoside Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Steviol Glycoside Market, By Product

8.1. Steviol Glycoside Market Revenue and Volume, By Product, 2024-2034

8.1.1 Stevioside

8.1.1.1. Market Revenue and Volume Forecast (2021-2034)

8.1.2. Rebaudioside A

8.1.2.1. Market Revenue and Volume Forecast (2021-2034)

8.1.3. Rebaudioside C

8.1.3.1. Market Revenue and Volume Forecast (2021-2034)

8.1.4. Dulcoside A

8.1.4.1. Market Revenue and Volume Forecast (2021-2034)

8.1.5. Others

8.1.5.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 9. Global Steviol Glycoside Market, By End Use

9.1. Steviol Glycoside Market Revenue and Volume, By End Use, 2024-2034

9.1.1. Beverage

9.1.1.1. Market Revenue and Volume Forecast (2021-2034)

9.1.2. Food

9.1.2.1. Market Revenue and Volume Forecast (2021-2034)

9.1.3. Medicine

9.1.3.1. Market Revenue and Volume Forecast (2021-2034)

9.1.4. Chemicals

9.1.4.1. Market Revenue and Volume Forecast (2021-2034)

9.1.5. Paints & Coatings

9.1.5.1. Market Revenue and Volume Forecast (2021-2034)

9.1.6. Personal Care

9.1.6.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 10. Global Steviol Glycoside Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.1.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.1.3.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.1.4.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.2.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.2.3.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.2.4.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.2.5.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.2.6.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.3.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.3.3.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.3.4.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.3.5.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.3.6.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.4.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.4.3.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.4.4.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.4.5.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.4.6.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.5.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.5.3.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, By Product (2021-2034)

10.5.4.2. Market Revenue and Volume Forecast, By End Use (2021-2034)

Chapter 11. Company Profiles

11.1. PureCircle (a part of Ingredion)

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Cargill, Incorporated

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Tate & Lyle

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. ADM (Archer Daniels Midland)

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. GLG Life Tech Corp.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. GLG Life Tech Corp.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Evolva Holding SA

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Stevia First Corp.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Sunwin Stevia International Inc

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Kerry Group plc.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Saurabh Bidwai, a B.Tech Chemical Engineering graduate with 4+ years of experience, specializes in specialty chemicals, commodity chemicals, and engineered materials, offering valuable insights into market trends and emerging opportunities.

Learn more about Saurabh Bidwai

Aditi Shivarkar, with 14+ years in Consumer Goods market research, specializes in Consumer Goods. She ensures accurate, actionable insights, driving Towards Consumer Goods excellence in industry trends and sustainability.

Learn more about Aditi Shivarkar
FAQ's

Answer : The global steviol glycoside market size accounted for USD 6.16 billion in 2025 and is forecasted to hit around USD 9.76 billion by 2034, representing a CAGR of 5.25% from 2025 to 2034.

Answer : The primary drivers include increasing health consciousness, rising diabetes and obesity rates, demand for plant-based and zero-calorie sweeteners, and expanding applications in the food & beverage sector. Additionally, advancements in extraction and processing technologies are lowering production costs and attracting manufacturers.

Answer : North America led in 2024 with a 36.84% revenue share, driven by health awareness and chronic disease prevalence. Asia Pacific is expected to see the fastest growth due to rapid urbanization, a growing diabetic population, and government support for sugar alternatives. Europe is projected to grow at a CAGR of 5.25%, driven by clean-label trends.

Answer : Food sector leads with a 47.31% share in 2024 due to widespread use in yogurt, desserts, and bakery items. Beverage sector is the fastest-growing segment (33.55% share in 2024), spurred by increasing demand for sugar-free and low-calorie drinks.

Answer : Stevioside dominated with a 42.52% market share in 2024 due to its sweetness intensity and health benefits. Rebaudioside A is growing quickly owing to superior taste, stability, and insulin-modulating benefits.

Answer : PureCircle (a part of Ingredion), Cargill, Incorporated, Tate & Lyle, ADM (Archer Daniels Midland), GLG Life Tech Corp., HOWTIAN, Evolva Holding SA, Stevia First Corp., Sunwin Stevia International Inc, Kerry Group plc., FUJIFILM Wako Pure Chemical Corporation, GLSTEVIA, MORITA KAGAKU KOGYO CO., LTD., Zydus Wellness.com, Whole Earth Brands, Daepyung Co., Ltd.
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