PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1793853
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1793853
Global Steviol Glycosides Market to Reach US$6.6 Billion by 2030
The global market for Steviol Glycosides estimated at US$5.1 Billion in the year 2024, is expected to reach US$6.6 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2024-2030. Steviolbioside, one of the segments analyzed in the report, is expected to record a 3.2% CAGR and reach US$2.7 Billion by the end of the analysis period. Growth in the Stevioside segment is estimated at 5.6% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.4 Billion While China is Forecast to Grow at 7.6% CAGR
The Steviol Glycosides market in the U.S. is estimated at US$1.4 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.8% and 3.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.
Global Steviol Glycosides Market - Key Trends & Drivers Summarized
What’s Boosting Demand for Steviol Glycosides as Natural Sweeteners?
Steviol glycosides-natural sweet compounds derived from the Stevia rebaudiana plant-are gaining rapid trust as sugar substitutes. Offering zero calories while maintaining high sweetness, they are increasingly used in beverages, confectioneries, dairy alternatives, and tabletop sweeteners. Manufacturers and governments are turning to stevia for sugar reduction to combat obesity and diabetes. This shift has positioned steviol glycosides as preferred natural ingredients in a clean-label food industry. The extraction industry has matured, with solvent-based and water-based processes yielding high-purity Rebaudioside A variants (e.g., Reb A, Reb D, Reb M). These refinements help overcome lingering taste concerns such as aftertastes or bitterness present in older stevia extracts.
Are Taste Enhancement and Formulation Technologies Evolving?
New taste modulation efforts-using mizzen blends of Reb M and Reb D-reduce bitterness and improve mouthfeel. Masking flavors, encapsulation techniques, and steep pH adjustments enable compatibility in acidic beverages and heat-stable applications. Clear syrups and blends are optimized for sparkling water, RTDs, and yogurt drinks. Encapsulation ensures uniform dissolution in dry mixes. Blends of steviol glycosides with other sweeteners (e.g., erythritol, allulose) create sugar-like sensory experiences, expanding product versatility.
Why Are Manufacturers Favoring Steviol Glycosides?
Health and regulatory mandates pushing sugar reduction in packaged foods and foods specifically for children have made stevia an essential ingredient. Consumer preferences skew toward natural, plant-based ingredients over synthetic ones. Foods marketed as ‘no added sugar’, ‘zero-calorie’, or ‘sugar-free’ rely on stevia for sweetening. Supply chain resilience has improved following controlled Stevia cultivation in major exporting countries. Brands benefit from FCC food-grade purity standards, achieving faster product approvals in regulated markets.
What’s Powering the Growth in the Steviol Glycosides Market?
The growth in the steviol glycosides market is driven by several factors related to expanding applications, taste advancements, and regulatory momentum. New high-purity Rebaudioside variants address earlier taste barriers, expanding adoption across beverage, dairy, and bakery. Increased investment in taste-masking and encapsulation technologies improves formulations. Public health initiatives and sugar taxes in key economies enhance demand. Stevia is receiving broad regulatory acceptance: GRAS status in the U.S., and approvals in the EU, India, and Latin America. Collaborative supply-chain partnerships among farmers, processors, and brands are strengthening traceability and consistency-critical for global food manufacturers.
SCOPE OF STUDY:
The report analyzes the Steviol Glycosides market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Type (Steviolbioside, Stevioside, Rebaudioside A, Rebaudioside B); Processing Method (Fermentation-based Method, Farming-based Method); End-Use (Food & Beverages End-Use, Medicines End-Use, Chemicals End-Use)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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