The Global Industrial Stevia Sugar Market was valued at US$ 1.25 Billion in 2023 and is projected to reach US$ 2.01 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period (2024–2029). This robust growth is being driven by escalating consumer demand for natural, zero-calorie sweeteners, stringent sugar reduction regulations, and the expanding application of high-purity stevia extracts across the food, beverage, and pharmaceutical industries.

As the global food industry pivots towards cleaner labels and healthier formulations, the focus intensifies on the key ingredient suppliers who are pioneering cultivation, extraction, and formulation technologies. In this blog, we profile the Top 10 Companies in the Industrial Stevia Sugar Industry—a blend of global agribusiness giants, specialized extractors, and ingredient innovators shaping the future of sweet taste.

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🔟 1. PureCircle (Ingredion)

Headquarters: Chicago, Illinois, USA
Key Offering: High-purity Reb A, Reb M, and other steviol glycosides

PureCircle, now a part of Ingredion, is a globally recognized leader in the stevia industry. The company leverages advanced breeding and fermentation technologies to produce a wide portfolio of high-purity, great-tasting stevia ingredients. Their focus is on reducing bitterness and improving flavor profiles to meet diverse application needs.

Innovation Focus:

• Development of next-generation stevia sweeteners like Starleaf™ stevia

• Investments in fermentation-derived Reb M for improved scalability and taste

• Sustainability programs with stevia farmers to ensure a responsible supply chain

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9️⃣ 2. Cargill

Headquarters: Wayzata, Minnesota, USA
Key Offering: EverSweet® (Fermented Reb M & Reb D), ViaTech® stevia leaf extracts

Cargill is a dominant force in the global food ingredient space, with a significant stake in the stevia market through its proprietary EverSweet® product. Produced via fermentation, EverSweet® bypasses the limitations of traditional leaf extraction, offering a sustainable and consistent supply of the most desirable glycosides.

Innovation Focus:

• Expansion of fermentation-based stevia production capacity

• Collaboration with food and beverage brands for product reformulation

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8️⃣ 3. Merisant (Whole Earth Brands)

Headquarters: Chicago, Illinois, USA
Key Offering: Pure Via®, Whole Earth® sweetener brands (often stevia blends)

Merisant, operating under Whole Earth Brands, is a leading global marketer of tabletop sweeteners. While known for brands like Pure Via®, the company is deeply integrated into providing stevia-based solutions for both consumer brands and industrial applications, focusing on delivering excellent taste in low-calorie and zero-calorie products.

Innovation Focus:

• Development of customized stevia blends for specific taste and functionality needs

• Expansion into new geographic markets with rising health consciousness

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7️⃣ 4. GLG Life Tech Corporation

Headquarters: Vancouver, Canada
Key Offering: High-purity Reb-A, Stevia Extracts, and private-label manufacturing

GLG Life Tech is a leading producer of high-purity stevia extracts and a key B2B supplier to global food and beverage companies. The company operates large-scale cultivation and extraction facilities, with a strong emphasis on vertical integration to ensure quality and cost control from farm to finished product.

Innovation Focus:

• Focus on cost-effective production of high-quality Reb-A

• Strategic partnerships for global distribution and white-label manufacturing

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Industrial Stevia Sugar Market – View in Detailed Research Report

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6️⃣ 5. Sunwin Stevia International

Headquarters: Shandong, China
Key Offering: A full range of stevia extracts (Reb A 40%-99%), Stevioside

Sunwin Stevia International is one of the largest stevia producers globally, with a significant footprint in China, the world’s primary stevia leaf growing region. The company offers a comprehensive portfolio of stevia sweeteners catering to various industrial applications, from beverages to confectionery.

Innovation Focus:

• Continuous improvement in extraction and purification technologies

• Expanding application research to drive adoption in new food categories

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5️⃣ 6. TOKIWA Phytochemical Co., Ltd.

Headquarters: Chiba, Japan
Key Offering: High-quality stevia extracts, specialized botanical extracts

TOKIWA Phytochemical is a respected Japanese company with expertise in the extraction and refinement of natural plant ingredients, including stevia. They are known for their high-quality standards and technical support, serving the demanding Japanese and broader Asian markets.

Innovation Focus:

• Development of stevia extracts with specific functional properties

• Focus on purity and compliance with stringent international food safety standards

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4️⃣ 7. Morita Kagaku Kogyo Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: High-purity steviol glycosides, food ingredients

As a pioneer in the stevia industry, Morita Kagaku Kogyo has been involved in stevia research and production for decades. The company holds key patents and possesses deep technical knowledge, supplying high-grade stevia ingredients to the global market.

Innovation Focus:

• Long-standing R&D in stevia chemistry and application science

• Maintaining a reputation for reliability and product excellence

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3️⃣ 8. Daepyung Co., Ltd.

Headquarters: Seoul, South Korea
Key Offering: Stevia extracts, food seasoning, and fermentation ingredients

Daepyung is a major South Korean food ingredient company that has integrated stevia into its diverse product portfolio. The company serves the vibrant APAC food and beverage industry, providing stevia solutions tailored to regional taste preferences.

Innovation Focus:

• Adapting stevia formulations for popular local cuisines and products

• Leveraging synergies across its broader ingredient portfolio

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2️⃣ 9. Ganzhou Julong High-tech Industrial Co., Ltd.

Headquarters: Ganzhou, Jiangxi, China
Key Offering: Stevia leaf extracts, Natural food additives

Ganzhou Julong is a significant Chinese manufacturer focused on the industrial production of stevia extracts. Located in a key agricultural region, the company benefits from proximity to raw materials and has built a strong export business.

Innovation Focus:

• Optimization of large-scale, cost-effective production processes

• Meeting the growing demand for natural sweeteners in emerging markets

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1️⃣ 10. Shandong Huaxian Stevia Co., Ltd.

Headquarters: Shandong, China
Key Offering: Various grades of stevia extract, Stevioside, Reb A

Shandong Huaxian Stevia is a prominent producer based in China’s primary stevia cultivation zone. The company specializes in extracting and refining steviol glycosides for the global market, serving a wide range of industrial customers with consistent quality products.

Innovation Focus:

• Enhancing extraction yields and product purity

• Strengthening supply chain logistics for international customers

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Industrial Stevia Sugar Market – View in Detailed Research Report

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🌍 Outlook: The Future of Industrial Stevia Sugar Is Sweeter and Smarter

The industrial stevia sugar market is experiencing a fundamental transformation. While basic stevia extracts are commoditizing, the industry is rapidly advancing towards next-generation glycosides, improved taste profiles, and innovative production methods like fermentation.

📈 Key Trends Shaping the Market:

• Rising adoption of Reb M and Reb D for their superior, sugar-like taste

• Increased use of fermentation technology to ensure supply stability and sustainability

• Growing demand for clean-label and keto-friendly products driving stevia inclusion

• Expansion into new applications beyond beverages, including dairy, bakery, and sauces

Get Full Report Here:
Industrial Stevia Sugar Market – View in Detailed Research Report

The companies listed above are not only supplying a key ingredient—they are actively redefining sweetness for a healthier global population.