India Steviol Glycoside Market (2025-2031) Outlook | Size, Companies, Growth, Trends, Forecast, Value, Share, Revenue, Industry, Analysis

India Steviol Glycoside Market Synopsis

The India Steviol Glycoside Market is expected to reach USD 7.18 million by 2025. The market is anticipated to register a CAGR of 8.7% over the forecast period 2025-2031. Increasing demand from food and beverages industry has been driving the growth of this market in India.

Market Drivers of the market

The India steviol glycoside market has been witnessing remarkable growth due to the rising awareness regarding natural and low-calorie sweeteners. Steviol glycosides are extracted from the stevia plant and are used as a sugar substitute in food and beverage products. The growing health-conscious population and the shift towards healthier food choices have led to the increased adoption of steviol glycoside-based products, driving market growth. Major players in this market include PureCircle Limited, Cargill, Incorporated, GLG Life Tech Corporation, and Ingredion Incorporated.

Challenges of the Market

The India steviol glycoside market confronts challenges associated with regulatory approvals and consumer acceptance. While steviol glycosides are considered natural sweeteners, obtaining regulatory approvals for their use in various food and beverage products can be a complex and time-consuming process. Moreover, some consumers may have reservations about adopting new sweeteners, and taste preferences may differ among individuals. Building consumer awareness, addressing concerns, and showcasing the benefits of steviol glycosides are crucial to overcoming these challenges and gaining wider market acceptance.

Covid-19 Impact on the Market

The India steviol glycoside market witnessed shifts in demand during the COVID-19 pandemic. The closure of restaurants, cafes, and food outlets affected the consumption of food and beverage products containing steviol glycosides as sweeteners. However, the increasing focus on health and wellness during the pandemic led to a surge in demand for low-calorie and natural sweeteners, including steviol glycosides, in household consumption. The market players focused on promoting the health benefits of steviol glycosides to cater to the growing demand for healthier food choices during the pandemic.

Key Players of the Market

Key players in the India steviol glycoside market include PureCircle Limited, Cargill, Incorporated, GLG Life Tech Corporation, Ingredion Incorporated, and Tate & Lyle PLC.

Key Highlights of the Report:

• India Steviol Glycoside Market Outlook
• Market Size of India Steviol Glycoside Market, 2024
• Forecast of India Steviol Glycoside Market, 2031
• Historical Data and Forecast of India Steviol Glycoside Revenues & Volume for the Period 2021-2031
• India Steviol Glycoside Market Trend Evolution
• India Steviol Glycoside Market Drivers and Challenges
• India Steviol Glycoside Price Trends
• India Steviol Glycoside Porter's Five Forces
• India Steviol Glycoside Industry Life Cycle
• Historical Data and Forecast of India Steviol Glycoside Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of India Steviol Glycoside Market Revenues & Volume By Stevioside for the Period 2021-2031
• Historical Data and Forecast of India Steviol Glycoside Market Revenues & Volume By End Use Industry for the Period 2021-2031
• Historical Data and Forecast of India Steviol Glycoside Market Revenues & Volume By Beverage for the Period 2021-2031
• India Steviol Glycoside Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By End Use Industry
• India Steviol Glycoside Top Companies Market Share
• India Steviol Glycoside Competitive Benchmarking By Technical and Operational Parameters
• India Steviol Glycoside Company Profiles
• India Steviol Glycoside Key Strategic Recommendations