The Latest Steviol Glycoside Industry Statistics Explained
In 2018, the global Steviol Glycoside market was valued at USD 450 million.
The statistic “In 2018, the global Steviol Glycoside market was valued at USD 450 million” indicates the total market value of Steviol Glycoside products worldwide in the year 2018. Steviol Glycosides are natural sweeteners extracted from the leaves of the Stevia plant and are used as a sugar substitute in various food and beverage products. The value of USD 450 million reflects the overall economic significance of the Steviol Glycoside industry, showing the revenue generated from the production and sale of these products in the global market during that specific year. This statistic is important for understanding the market size and growth trends of Steviol Glycosides, as well as for assessing the consumer demand for natural sweeteners in the food and beverage industry.
The global Steviol Glycoside market is expected to reach USD 1000 million by 2026, growing at a CAGR of 9.5%.
The statistic indicates that the global Steviol Glycoside market is forecasted to expand and reach a total value of USD 1000 million by the year 2026, showcasing significant growth potential. The Compound Annual Growth Rate (CAGR) of 9.5% suggests a steady increase in market value over the specified period. This positive trend reflects increasing consumer awareness and demand for natural sweeteners like Steviol Glycoside, potentially driven by health-conscious consumers seeking alternatives to traditional sugar. The projected growth rate implies a promising market opportunity for stakeholders in the Steviol Glycoside industry, with the potential for continued development and innovation within this sector.
Europe and North America collectively account for more than 60% of the global Stevia Extracts (Steviol Glycoside) market share.
The statistic implies that the regions of Europe and North America combined hold a significant share of the worldwide Stevia Extracts (Steviol Glycoside) market, amounting to over 60%. This suggests that these regions play a crucial role in the production, consumption, and potentially the distribution of Stevia Extracts globally. The high market share indicates that Europe and North America are key players in the Stevia industry, both in terms of demand from consumers and supply from manufacturers. This statistic underscores the importance of these regions in driving the growth and shaping the trends within the Stevia Extracts market on a global scale.
The Food & Beverage application holds over 60% share in global Stevia Extracts (Steviol Glycoside) industry.
This statistic indicates that within the global Stevia Extracts (Steviol Glycoside) industry, the Food & Beverage application segment accounts for more than 60% of the market share. This suggests that a significant majority of the demand for Stevia Extracts comes from the Food & Beverage sector, highlighting the widespread use of Stevia Extracts in products such as beverages, confectionery, snacks, and various food items. The dominance of this application segment underscores the importance of Stevia Extracts as a natural sweetener alternative in the food and beverage industry, reflecting consumer preferences for healthier and more natural ingredients in their products.
Japan-based PureCircle, a leading Steviol Glycoside producer, launched a new proprietary variety of stevia leaf in 2017.
The statistic indicates that PureCircle, a prominent producer of Steviol Glycoside in Japan, introduced a novel variety of stevia leaf in the year 2017. Steviol Glycosides are natural high-intensity sweeteners derived from the stevia plant and are commonly used as sugar substitutes in various food and beverage products. By launching a new proprietary variety of stevia leaf, PureCircle aims to enhance its product offerings, potentially leading to increased market competitiveness and consumer interest. This move could also signify PureCircle’s commitment to innovation and meeting the growing demand for natural sweeteners in the global market.
The demand for Steviol glycosides in pharmaceutical applications is expected to expand at a CAGR of 3% from 2019 to 2025.
This statistic indicates the projected annual growth rate of 3% for the demand of Steviol glycosides specifically in pharmaceutical applications, from the year 2019 to 2025. A Compound Annual Growth Rate (CAGR) of 3% suggests a steady and moderate increase in demand for Steviol glycosides within the pharmaceutical sector over the specified period. This growth rate provides valuable insight to stakeholders in the industry, allowing them to anticipate and plan for the expected expansion in demand for Steviol glycosides, which are natural sweeteners known for their application in pharmaceutical products due to their low calorie content and potential health benefits.
Rebaudioside A holds the majority share in the global Stevia Extracts (Steviol Glycoside) market.
The statement “Rebaudioside A holds the majority share in the global Stevia Extracts (Steviol Glycoside) market” indicates that among the different types of steviol glycosides found in stevia extracts, Rebaudioside A is the most dominant and widely used component in the global market. This statistic suggests that Rebaudioside A is likely preferred by consumers, manufacturers, or both due to factors such as taste, sweetness potency, or regulatory approval. As a result, companies in the stevia extracts industry may focus on producing and marketing products containing Rebaudioside A to capture the largest market share and meet the demands of customers seeking natural, low-calorie sweeteners.
Global Stevia Extracts (Steviol Glycoside) market revenue is projected to surpass USD 800 million by 2024.
The statistic indicates that the revenue generated from the global Stevia Extracts (Steviol Glycoside) market is forecasted to exceed USD 800 million by the year 2024. This projection suggests a growing demand and market expansion for Stevia Extracts, a natural sweetener derived from the Stevia plant and known for its zero-calorie properties. Factors such as increasing consumer preference for natural and low-calorie sweeteners, as well as the rising awareness about health and wellness benefits, are likely driving this anticipated growth in market revenue. The projection provides insights for industry stakeholders, investors, and decision-makers to strategically position themselves in the Stevia Extracts market and capitalize on the expected market growth potential.
Steviol Glycosides Market is predicted to witness significant demand in cosmetics due to its skin care properties during 2021-2026.
The statistic stating that the Steviol Glycosides Market is predicted to witness significant demand in cosmetics due to its skin care properties during 2021-2026 suggests that there is expected growth in the utilization of Steviol Glycosides in the cosmetics industry over the next five years. Steviol Glycosides are natural sweeteners found in the leaves of the Stevia plant and are also known for their potential skin care benefits. This prediction indicates that there is increasing interest and recognition of the skin care properties of Steviol Glycosides within the cosmetics sector, leading to a potential rise in demand for products containing this ingredient. Further market analysis and consumer trends may support or contradict this prediction as the forecasted period unfolds.
In 2019, PureCircle announced the world’s first commercially viable levels of Reb M production from stevia leaf.
The statistic “In 2019, PureCircle announced the world’s first commercially viable levels of Reb M production from stevia leaf” signifies a significant advancement in the field of natural sweeteners. Reb M is a compound found in stevia leaf that is about 200 times sweeter than sugar, making it a valuable alternative for sugar-conscious consumers. PureCircle, a leading producer of stevia-based products, achieved a breakthrough by developing production processes that yield commercially viable levels of Reb M, opening up new opportunities for the use of stevia as a sweetening agent in various industries. This development is likely to have a substantial impact on the food and beverage market, offering a natural, low-calorie sweetener option that can potentially revolutionize the way products are sweetened.
In 2019, the top regions of Steviol Glycosides were North America, Europe, and Asia.
The statistic indicates that in 2019, the regions of North America, Europe, and Asia were leading in the production or consumption of Steviol Glycosides. Steviol Glycosides are natural sweeteners found in the leaves of the Stevia plant and are often used as sugar substitutes in various food and beverage products. The prominence of these regions suggests a high demand for healthier sweetening alternatives, potentially driven by increasing consumer awareness of health and wellness trends. These regions likely have well-established markets for Steviol Glycosides and may be investing in research and development to further expand their usage in different products and industries.
In 2020, the Steviol Glycoside market is moderately concentrated with top five vendors accounting for about 60% of the global market share.
The statistic indicates that in the Steviol Glycoside market in 2020, a moderate level of market concentration is observed, with approximately 60% of the global market share held by the top five vendors. This suggests that the market is not highly concentrated, as the share of these top vendors is significant but still allows room for competition from other players. The presence of these dominant vendors may indicate a certain level of market power and influence, potentially influencing pricing and market dynamics. However, the remaining 40% of the market share being dispersed among other competitors indicates a degree of diversity and competition within the industry, which could lead to ongoing innovation and market growth.
The growing demand for low-calorie products is one of the major factors driving the global Steviol Glycosides Market.
The statistic “The growing demand for low-calorie products is one of the major factors driving the global Steviol Glycosides Market” indicates that an increasing trend towards healthier dietary choices, specifically low-calorie options, is contributing significantly to the growth of the Steviol Glycosides Market worldwide. Steviol Glycosides are natural, zero-calorie sweeteners extracted from the leaves of the Stevia plant, making them a popular alternative to traditional sugars in various food and beverage products. As consumers become more health-conscious and seek out products with reduced sugar content, the demand for Steviol Glycosides continues to rise, driving the market’s expansion. This statistic highlights the important role of consumer preferences and dietary trends in shaping the growth of the Steviol Glycosides Market on a global scale.
Reb A was the largest segment of the Steviol Glycoside market, accounting for more than 40% share of the overall revenue in 2018.
In 2018, Reb A, a specific type of Steviol Glycoside, dominated the market as it accounted for more than 40% of the total revenue generated within the Steviol Glycoside market segment. This statistic indicates that Reb A had the largest market share compared to other types of Steviol Glycosides, showcasing its significant popularity and economic impact within the industry. The high revenue contribution of Reb A highlights its importance and strong consumer demand, potentially driven by its perceived benefits, taste profile, or other factors that differentiate it from other Steviol Glycosides. Overall, this information underscores the substantial market presence and value of Reb A within the Steviol Glycoside market in 2018.
Personal Care industry is expected to be the fastest-growing segment for Stevioside and related compounds during 2021-2026.
The statistic indicates that the Personal Care industry is projected to experience the most significant growth in the consumption and utilization of Stevioside and related compounds from 2021 to 2026. This suggests that there is a growing trend and demand for these natural sweeteners in personal care products such as cosmetics, skincare, and hair care items. The increasing awareness and preference for natural ingredients and the desire for healthier alternatives in personal care products are likely driving this expected growth in the industry. Manufacturers and retailers in the Personal Care sector are anticipated to capitalize on this trend by incorporating Stevioside and related compounds into their product offerings to cater to the evolving consumer preferences.
Liquid Stevia Extracts (Steviol Glycoside) is likely to register above 6.5% CAGR from 2017 to 2024.
The statistic “Liquid Stevia Extracts (Steviol Glycoside) is likely to register above 6.5% CAGR from 2017 to 2024” indicates that the compound annual growth rate (CAGR) for liquid stevia extracts, specifically steviol glycoside, is expected to be higher than 6.5% between the years 2017 and 2024. This statistic suggests a positive growth trend in the consumption or demand for liquid stevia extracts during this time period. A CAGR above 6.5% signifies a healthy and potentially robust market for liquid stevia products, which may be driven by factors such as increasing consumer awareness of stevia as a natural sweetener alternative, growing preference for healthier food and beverage options, and expanding applications in various industries.
Food and beverage segment recorded the highest Steviol Glyphosate demand in 2018 accounting for over 50% of the market industry.
The statistic indicates that within the Steviol Glyphosate market industry in 2018, the food and beverage segment had the highest demand, making up more than half of the market share. This suggests that food and beverage companies were the primary consumers of Steviol Glyphosate during that period. The high demand from this segment could be due to the widespread use of Steviol Glyphosate as a natural sweetener in various food and beverage products. This statistic highlights the significant role that the food and beverage sector played in driving the overall demand for Steviol Glyphosate in 2018.
References
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