Steviol Glycoside Market Size To Reach $7,150.6 Million By 2030

Steviol Glycoside Market Growth & Trends

The global steviol glycoside market is anticipated to reach USD 7,150.6 million by 2030 and is anticipated to expand at a CAGR of 5.2% during the forecast period, according to a new report by Grand View Research, Inc. Rising health awareness and the demand for low-calorie, natural alternatives have boosted interest in steviol glycoside, zero-calorie sweeteners derived from the stevia plant. As non-glycemic compounds, they appeal to consumers aiming to manage weight, diabetes, and overall wellness, driving their use in functional foods, beverages, and supplements.

The stevioside segment dominated the market with a revenue share of 41.2% in 2024. Stevioside’s cost-effectiveness compared to other high-purity stevia extracts makes it an attractive option for large-scale food and beverage manufacturers. Its strong sweetening power, ease of formulation, and stability under heat and acidic conditions also contribute to its widespread use in processed foods, baked goods, and carbonated drinks.

North America market dominated the global landscape. This growth is attributed to the strong regulatory support and Generally Recognized As Safe(GRAS) status granted by the U.S. Food and Drug Administration (FDA), which has encouraged its widespread adoption across food, beverage, medicine, chemicals, paints & coatings and personal care categories. Additionally, advancements in stevia extraction and formulation technologies by regional manufacturers have improved taste profiles, making steviol glycosides more appealing to both consumers and formulators.

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Steviol Glycoside Market Report Highlights

• The beverage segment is witnessing rapid growth, which can be attributed to the increasing regulatory support and approvals for steviol glycosides across major global markets. This has enabled major beverage companies to confidently invest in reformulation and innovation. In addition, rising demand for plant-based and functional drinks, especially among younger demographics, has further fueled the adoption of stevia-based sweeteners in the beverage industry.

• U.S. steviol glycoside market growth is driven byincreasing health concerns related to sugar consumption, along with the growing popularity of keto, diabetic-friendly, and low-glycemic diets. As consumers actively seek sugar alternatives that align with these lifestyle choices, steviol glycosides offer a zero-calorie, plant-based solution without impacting blood glucose levels. This has led to their increased incorporation in a wide range of packaged foods and meal replacements. In addition, strong R&D investment by U.S. food and beverage manufacturers has spurred innovation in stevia-based product offerings.

• In June 2024, Ingredion Incorporated announced that UK food safety regulators have approved the use of PureCircle by Ingredion’s steviol glycosides, produced through bioconversion, expanding access to the most flavorful stevia molecules for food and beverage applications.

Steviol Glycoside Market Segmentation

Grand View Research has segmented the global steviol glycoside market on the basis of application and region:

Steviol Glycoside Product Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Stevioside

• Rebaudioside A

• Rebaudioside C

• Dulcoside A

• Others

Steviol Glycoside End use Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Beverage

• Food

• Medicine

• Chemicals

• Paints & Coatings

• Personal Care

Steviol Glycoside Region Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canda

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa 

List of Key Players in the Steviol Glycoside Market

• PureCircle (a part of Ingredion)

• Cargill, Incorporated

• Tate & Lyle

• ADM (Archer Daniels Midland)

• GLG Life Tech Corp.

• HOWTIAN

• Evolva Holding SA

• Stevia First Corp.

• Sunwin Stevia International Inc

• Kerry Group plc.

• FUJIFILM Wako Pure Chemical Corporation

• GLSTEVIA

• MORITA KAGAKU KOGYO CO., LTD.

• Zydus Wellness.com

• Whole Earth Brands

• Daepyung Co., Ltd.