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Steviol Glycoside Market research report delivers key data about the product portfolios, product values, company profiles, shares, and contact data for the company. This promotional market document on the worldwide market also represents all the regions as well as countries across the globe, which showcase a regional manufacturing status, such as volume, market size, value and price details. It also represents a brief summary of sales, revenue share, demand/supply data, and market growth analysis during the predicted period. Steviol Glycoside business report showcases an overall mapping of the industry vendors and the analysis of the competitive landscape.
Data Bridge Market Research analyses that the steviol glycoside market is expected to reach USD 6848.24 million by 2030, which is USD 4600.00 million in 2022, registering a CAGR of 5.10% during the forecast period of 2023 to 2030.
Market Overview:
Steviol glycoside is a chemical compound which is derived from the stevia rabaudiana bertoni leaves. Steviol glycosides is also known by other name such as purified stevia leaf extract, purified stevia extract amongst others. Steviol glycosides have a neutral effect on the diabetes patients. Th ingestion of steviol glycosides is growing due to its feasible nature. This compound is 300 times sweeter than sucrose and does not induce glycemic reaction when consumed, hereafter it is used as a good alternative for sugar.
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Some of the major players operating in the steviol glycoside market are:
- Cargill, Incorporated (U.S.)
- PureCircle (U.S.)
- Tate & Lyle (U.K.)
- MORITA KAGAKU KOGYO CO. LTD. (Japan)
- Ingredion. (U.S.)
- GLG LIFE TECH CORP. (Canada)
- FUJIFILM Wako Pure Chemical Corporation (Japan)
- Sweegen (U.S.)
- DSM (Austria)
- Layn Corp. (U.S.)
- ADM (U.S.)
Steviol glycoside Market Dynamics
Drivers
- Increasing demand of steviol glycoside in food and beverages sector
The global steviol glycoside market sales are majorly driven by the growing demand for steviol glycosides from the food and beverage industry. The high refreshing and sweetness taste of these compounds are making them an excellent choice for numerous beverages and food products. The European Food Safety Authority (EFSA) approved the use of steviol glycoside in the food and beverages sector. Furthermore, the health benefits associated with the consumption of steviol glycoside are also expected to drive the growth rate of the market during the forecast period.
- Rising usage of steviol glycoside in pharmaceutical industry
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. Furthermore, it steviol glycoside has taken orally in large doses then it aids to lower the high blood pressure levels which is one of the major causes of heart attack, stroke, and kidney failure. Therefore, the rising usage of steviol glycoside in the pharmaceutical industry is expected to drive the market’s growth rate during the forecast period.
Opportunities
- Increasing demand for artificial sweeteners from food manufacturers
The steviol glycoside market has better performance owing to food manufacturers’ increasing demand for artificial sweeteners. It’s a safe and secure option for diabetes patients. The growing demands for artificial sweeteners from food manufacturers, such as hot fluidity, yoghurts, fruit and milk based drinks and delicacies in terms of artificial sweeteners will create ample and new opportunities for the growth of the market. This helps in retaining the sweetness of the food products for longer than sugar
Restraints/ Challenges
- Side ffcets associated with usage of steviol glycoside
People who are allergic to steviol glycoside must avoid ingestion of this product. In some cases, steviol can generate a severe allergic response named anaphylaxis. Manifestation of allergic responses are wheezing, general weakness, shortness of breath, hives dizziness, or having swallowing after ingesting steviol glycoside. These are some of the major factors hampering the market’s growth.
Global Steviol Glycoside Market Scope
Type
- Steviolbioside
- Stevioside
- Rebaudioside A
- Rebaudioside B
Processing Method
- Fermentation based Production
- Farming based Production
End-Use Application
- Food
- Beverage
- Medicine
- Chemical
- Others
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Steviol Glycoside Market Regional Analysis/Insights
The steviol glycoside market is analyzed and market size insights and trends are provided by country, type, processing method and end-use application as referenced above.
The countries covered in the steviol glycoside market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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