Steviol Glycoside Market Size, Share, Growth Analysis, By Type(Stevioside, Glucoside A, and Others), By Processing Method(Electrical & Electronics, Construction, Medical, Automotive), By End-Use(Food, Beverage, Medicine, Chemical), By Region - Industry Forecast 2024-2031

Drivers

Growing Demand for Food Processors from Food Manufacturers

• The global steviol glycosides market is performing well due to increased demand from food manufacturers for artificial sweeteners. This is a safe and secure option for diabetics. Growing demand by food manufacturers for confectionery products such as sparkling juices, yogurt, fruit and dairy beverages, and flavoring on confectionery products provides more and new opportunities for market growth. This helps foods taste better longer than sugar. Steviol glycosides are in high demand in the global market as the consumer is more interested in consuming food ingredients or medicines quickly and safely.

Rising Use of Steviol Glycosides

• The pharmaceutical industry uses steviol glycosides as an ingredient in a wide range of products such as dietary supplements, herbs, functional foods. Moreover, this steviol glycoside is consumed orally in large amounts and then helps with high blood pressure levels heart disease, is one of the leading causes of stroke and kidney failure. Thus, the increasing use of steviol glycosides in pharmaceuticals is expected to boost the market growth during the forecast period.

Restraints

Side Effects Associated with Use of Steviol Glycosides

• People who are allergic to steviol glycosides should avoid taking this product. In some cases, steviol can cause anaphylaxis, a severe allergic reaction. Symptoms of allergy include nausea, general weakness, difficulty breathing, umbrella irritation, or swallowing after ingestion of steviol glycosides are major market restraints of the development process.

Excessive Consumption of Sugars

• Excessive consumption of added sugars is commonly found in processed foods, sodas, candies and other commercial products. Excessive consumption of added sugars is associated with many health problems, including obesity, type 2 diabetes, heart disease, and dental problems on the list.