# Steviol Glycoside Global Market Report 2024
## Market Overview
The global steviol glycoside market is projected to reach **USD 1.2 billion by 2030**, growing at a CAGR of **6.8%** from 2024 to 2032. This growth is driven by increasing consumer demand for natural sweeteners, rising health consciousness, and the growing food and beverage industry.
Steviol glycosides, extracted from the Stevia plant (*Stevia rebaudiana*), are natural sweeteners that are **200-300 times sweeter than sugar** but with negligible calories. They are widely used as sugar substitutes in various food and beverage products.
## Market Size and Growth
– **2023 Market Size**: USD 780 million
– **2024 Projected Market Size**: USD 830 million
– **2030 Projected Market Size**: USD 1.2 billion
The market is expected to grow steadily due to increasing adoption in developed regions and expanding applications in emerging economies.
## Key Market Segments
### By Type
1. **Rebaudioside A (Reb A)**: The most common and widely used steviol glycoside due to its clean taste profile and high sweetness intensity. Accounts for **~65%** of the market.
2. **Rebaudioside D (Reb D)**: Known for its superior taste profile with less bitterness. Gaining popularity but currently more expensive to produce.
3. **Stevioside**: One of the first glycosides discovered but has a slightly bitter aftertaste, limiting its use in some applications.
4. **Others (Reb M, Reb X, etc.)**: Emerging glycosides with improved taste profiles.
### By Application
1. **Food and Beverages**: The largest segment, includes soft drinks, dairy products, confectionery, and baked goods. Driven by the need for sugar reduction in these products.
2. **Tabletop Sweeteners**: For direct consumer use, often blended with other sweeteners to improve taste.
3. **Pharmaceuticals**: Used in syrups and other medicinal preparations where sugar-free options are needed.
4. **Personal Care**: Oral care products like toothpaste and mouthwash where sweetness is desired without sugar.
## Regional Analysis
### North America
– **Largest market** due to high consumer awareness and stringent regulations favoring natural sweeteners.
– United States and Canada are major consumers with a strong presence of key players like **Cargill** and **Ingredion**.
### Europe
– Stringent regulations by **EFSA** ensure high-quality standards, driving market growth.
– Germany, UK, and France are key markets with high adoption in food and beverages.
### Asia-Pacific
– **Fastest-growing region** due to increasing health consciousness and rising disposable income.
– China, India, and Japan are major consumers and producers, with China being the largest producer of stevia leaves.
### Latin America and Middle East & Africa
– Emerging markets with growing potential due to increasing health awareness and economic development.
## Key Market Drivers
1. **Rising Obesity and Diabetes Rates**: Increased incidence of lifestyle diseases is pushing consumers towards low-calorie sweeteners.
2. **Clean Label Trends**: Consumers prefer natural over artificial sweeteners, boosting stevia’s popularity.
3. **Regulatory Support**: Approvals from FDA, EFSA, and other agencies have affirmed the safety of steviol glycosides, encouraging their use.
4. **Cost-Effectiveness**: Stevia offers a cost-effective solution for manufacturers compared to sugar and other high-intensity sweeteners.
## Market Challenges
1. **Taste Profile Issues**: Some steviol glycosides have a bitter aftertaste, requiring advanced purification processes which can increase costs.
2. **Competition from Other Sweeteners**: Erythritol, monk fruit, and artificial sweeteners like aspartame compete directly.
3. **Supply Chain Complexities**: Stevia is primarily grown in South America and Asia, making supply chain management crucial.
## Key Players
1. **Cargill, Inc.**: Offers a range of stevia-based sweeteners including **Truvia**.
2. **Ingredion Incorporated**: Provides **PureCircle** stevia products.
3. **Archer Daniels Midland Company (ADM)**: Offers sweeteners under the **HomeSweetHome** brand.
4. **Tate & Lyle**: Known for its **Tasteva** stevia sweetener.
5. **PureCircle Limited**: A leading producer focused on innovation and sustainability.
6. **GLG Life Tech Corporation**: Engaged in both cultivation and production.
7. **Sunwin Stevia International, Inc.**: Focuses on natural stevia products.
## Future Outlook
The steviol glycosides market is set for robust growth due to:
– **Expanding Applications**: Beyond food and beverages into pharmaceuticals and personal care.
– **Technological Advancements**: Improved extraction and purification technologies are enhancing taste profiles and reducing costs.
– **Sustainability Initiatives**: Sustainable farming practices are increasing the appeal of stevia-based products.
For more detailed insights, you can request a sample report:
[Download FREE Sample Report](https://www.24chemicalresearch.com/download-sample/198208/global-steviol-glycoside-market-2023-2028-549)
## About 24chemicalresearch
24chemicalresearch is a leading provider of market intelligence for the chemical and materials sectors. Our reports are developed through rigorous primary and secondary research, offering actionable insights and forecasts.
**Contact Us:**
– **International: +1(332) 2424 294**
– **Asia: +91 9169162030**
– **Website: [24chemicalresearch.com](https://www.24chemicalresearch.com/)**
– **Follow us on LinkedIn: [24chemicalresearch](https://www.linkedin.com/company/24chemicalresearch/)**
—
*This report is based on the findings from 2024 and projections are subject to change based on future market conditions. For detailed methodology and further information, refer to the full report.*
- Tinplated Cans Market 2025 forecast to 2032- Capacity, Production, Capacity Utilization Rate, Ex-Factory Price, Revenue, Demand & Supply,Import and Export, Cost, Gross Margin Analysis - October 13, 2025
- Pyrolytic Boron Nitride Plates and Sheets Market: A Comprehensive Insight - October 13, 2025
- Global Commercial Vehicle Carnet Market Report – Market Size, Share, Price, Trend and Forecast 2025-2032 - October 13, 2025