Top 10 Companies in the Global Stevia Market, Driven by Rising Health Concerns

Layn Corp., Cargill, Incorporated, ADM, Ingredion Incorporated, Tate & Lyle, GLG Life Tech Corporation, Pyure Brands LLC, Sunwin Stevia International Inc, Steviva Brands, Inc., Zhucheng Haotian Pharm Co., Ltd. (“HOWTIAN”), MORITA KAGAKU KOGYO CO., LTD., Wisdom Natural Brands, SweeGen, Inc, Hunan NutraMax Inc., and The Real Stevia Company, among others, are the major players in the global stevia market. 

The global stevia market reached a value of about USD 843.19 million in 2023. The market is projected to grow at a CAGR of 10.7% in the forecast period of 2024-2032 to reach around USD 2114.51 million by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the rising health concerns and consumer awareness.

Derived from the leaves of the Stevia rebaudiana plant native to South America, stevia is a natural sweetener gaining widespread popularity as a zero-calorie alternative to sugar. Its sweetness, attributed to steviol glycosides, mimics that of sugar without the added calories, making it appealing for those seeking to limit sugar intake. Commonly used in various food and beverage products, stevia offers a sweet solution for reducing calories and managing blood sugar levels, driving its growing global adoption.

Increasing consumer awareness of health concerns associated with high sugar content in beverages is driving the stevia market growth, as more individuals seek low-calorie alternatives. The rising demand for dietary foods is further propelling the high-intensity natural sweetener industry, with increased utilisation of steviol glycosides. The shift toward health and wellness is also fuelling demand for natural sweeteners over artificial ones, particularly those derived from the stevia plant.

The global stevia market share is increasing as more food and beverage companies respond to consumer demand for healthier products by reducing sugar content. Government initiatives, such as levies on sugar and sugary products, also contribute to this trend. Additionally, innovations in stevia applications, particularly within the sports and energy drinks sector, are driving further growth in the global stevia market.

In July 2022, Sweegen unveiled Bestevia LQ, a range of liquid stevia-based sweeteners, at the IFT FIRST event, held from July 10 to 13 in Chicago. These sweeteners were crafted to reduce sugar content in various applications such as carbonated soft drinks, confectionery items, liquid sweeteners, dessert toppings, and concentrated fruit/flavoured syrup. The product addressed solubility challenges, enhanced product stability, ensured accurate measurement, and facilitated easy handling in both laboratory and factory settings, as highlighted by the Rancho Santa Margarita-based company.

Top 10 Stevia Companies in the World:

Layn Corp.

Headquartered in Guilin, Guangxi Province, China, Layn is a world-renowned leader in the vertically integrated production of top-tier plant-based sweeteners and natural flavours. With over two decades of extensive industry experience, the company boast unparalleled expertise in the agricultural and scientific aspects of its offerings. Layn’s reputation is built on sustainable farming partnerships that ensure full traceability, substantial annual investments in research and development, innovative agricultural practices, comprehensive global sales and formulation support, and the largest manufacturing capacity for high-potency plant-based sweeteners worldwide.

Cargill, Incorporated

Cargill, a family-owned company, provides essential food, agricultural, financial, and industrial products worldwide in a safe, responsible, and sustainable manner. With over 158 years of experience, the company collaborates with producers and customers across 70 countries to deliver vital resources for daily living. Sustainability is at the core of the operations, guiding the long-term vision as anticipated and addressed through evolving needs. The company’s 155,000 employees are committed to nourishing the world responsibly, minimizing environmental impact, and enhancing local communities.

ADM

ADM, a global nutrition powerhouse, leads in both human and animal nutrition. Leveraging nature's potential, the company converts crops into ingredients and solutions for worldwide consumption. With a focus on enhancing quality of life, the company pioneers advancements in health and well-being through innovative products. Additionally, the company spearheads the transition to plant-based alternatives, reducing reliance on petroleum-based products. As a trusted agricultural supply chain manager, the company ensures food security by bridging local needs with global resources. Committed to sustainability, the company drives industry-wide decarbonisation efforts to protect the planet.

Ingredion Incorporated

Ingredion, a global leader in ingredient solutions, provides sweeteners, starches, and nutrition ingredients for a variety of products. From foods and beverages to pharmaceuticals, its ingredients enhance everyday items like crackers, candy, and lotions. Grounded in core values, the company employs approximately 12,000 individuals worldwide and serve customers across 120 countries in diverse sectors. With nearly USD 8 billion in annual sales, Ingredion collaborates with customers through innovation centres to harness the potential of people, nature, and technology, improving lives globally.

Tate & Lyle

Tate & Lyle, a global leader in ingredient solutions for over 160 years, aims to improve lives through food science. With a focus on healthier food and beverages, their purpose is evident in their products and practices. They enhance taste and nutrition by reducing sugar and calories, fortifying food with fibres for better digestion, and creating stabilising systems for longer shelf-life. By addressing consumer health needs and global food challenges, Tate & Lyle continues to make a positive impact on society through their innovative ingredient solutions.

GLG Life Tech Corporation

GLG Life Tech Corporation (TSX: GLG) is a top global producer of sustainable, zero-calorie natural sweeteners, notably high-purity stevia, and monk fruit extracts. Operating a vertically integrated model, GLG handles every stage of production, from research and cultivation to refining and distribution. Headquartered in Richmond, British Columbia, Canada, the company's operations extend to agricultural and processing facilities in China. With a focus on sustainability and quality, GLG serves the global food and beverage industry with innovative natural sweetening solutions.

Pyure Brands LLC

Pyure Brands has emerged as a leading stevia company in America, prioritising health and taste. Their innovative process isolates the sweetest part of the stevia plant, ensuring superior taste without bitterness. Unlike competitors, they use a consistent high-quality species year-round, resulting in the best-tasting products. Pyure's stevia sweeteners are available in over 12,000 retail stores nationwide and online, including Whole Foods and Amazon. They offer reliable, sustainable raw material solutions for food and beverage manufacturers through industry-leading supply chain oversight and certification programs.

Sunwin Stevia International Inc

Sunwin Stevia International, Inc. is a global agricultural processing company offering a range of nutraceutical products, including zero-calorie all-natural stevia sweeteners and traditional Chinese medicines. Through subsidiaries in China and North America, Sunwin manufactures and distributes these products worldwide. With a focus on quality and certifications like organic, Kosher, Halal, and GRAS, Sunwin collaborates closely with suppliers to ensure product excellence. Their in-house research and development team allows for customised product solutions to meet customer needs, reflecting their commitment to quality, value, and innovation.

Steviva Brands, Inc.

For two decades, Steviva has been dedicated to combating metabolic diseases by producing safe, all-natural sweeteners. Their proprietary water extraction system ensures purity, with products free from petrochemicals, pesticides, GMOs, heavy metals, and gluten. Beyond stevia, they offer a range of natural sweeteners like monk fruit, erythritol, and coconut palm sugar, meticulously formulated to taste and function like sugar without the calories, carbs, or blood sugar spikes. Steviva's mission is to provide healthier alternatives to table sugar, high fructose corn syrup, and artificial sweeteners, contributing to improved health outcomes.

Zhucheng Haotian Pharm Co., Ltd. (“HOWTIAN”)

Zhucheng Haotian Pharm Co., Ltd. (HOWTIAN) is a leading producer and supplier of premium natural ingredients for the food, beverage, pharmaceutical, and nutritional sectors across 80+ countries. With over 1,000 employees, including an R&D centre, HOWTIAN offers a diverse range of plant-based ingredients and innovative formulations. Renowned for brands like SoPure™ Stevia and PureQQ® Pyrroloquinoline Quinone, HOWTIAN specialises in natural sweeteners and functional ingredients. Founded in 1999 in China, HOWTIAN has become a global leader in stevia products, sugar reduction solutions, inositol, and baicalin root extracts, emphasizing accessibility to healthy, natural foods worldwide.