Report Ocean introduces a fresh report examining the Steviol Glycoside Market, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Steviol Glycoside Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
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.
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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 players 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
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
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Comprehensive Market Insights: Delve into the depths of the Steviol Glycoside Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Steviol Glycoside market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the Steviol Glycoside market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Steviol Glycoside market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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