Consumer Awareness Regarding Benefits of Stevia Products is Key Driver for Global Growth of Natural Sweeteners as New Manufacturing Facility for High Capacity Production Opens
CORAL SPRINGS, Florida, June 3, 2015 /PRNewswire/ --
According to a new market report published by Persistence Market Research "Global Market Study on Stevia Market - Beverages Will Remain the Dominant Application Segment Through 2020", the global stevia market was valued at US$ 347 million in 2014 and it will expand at a CAGR of over 8% to reach a valuation of US$ 565 million by 2020. As large companies such as Coke (NYSE: KO) & Pepsi (NYSE: PEP) have launched products containing natural sweeteners such as Stevia and Splenda, other companies such as Sunwin Stevia International (OTC: SUWN), DuPont (NYSE: DD), Archer Daniels Midland Company (NYSE: ADM), Johnson & Johnson (NYSE: JNJ) & Stevia First Corp. (OTC: STVF) contend for capturing market share in the natural sweetener industry.
Sunwin Stevia International, Inc. (OTCQB: SUWN) ("Sunwin Stevia"), one of the top global suppliers of high quality stevia extracts including Rebaudioside A 98 and Rebaudioside A99, announced today that it has completed construction of a new manufacturing facility that can produce 500 metric tons of high-grade stevia per year. The new facility has been in operation to produce high-grade stevia products on a commercial basis for the market. In 2014 Sunwin Stevia invested approximately $2 million to start building this new facility in order to meet substantially increased demand for its high-grade stevia products. The new manufacturing facility is fully equipped with stainless steel equipment without any plastic while it has a fully automated system in order to prevent any potential contamination from operators and plastic. In addition, the new manufacturing facility uses the most advanced production equipment that is the first time to be used for stevia production in the industry, such as scraper with centrifuge and fluidized drying system.
Read the full SUWN Press Release and Recent Breaking News at http://www.financialnewsmedia.com/profiles/suwn.html
As of now, Sunwin Stevia has approximately 1,600 metric tons in manufacturing capacity per year to produce high-grade stevia extract. With these manufacturing facilities, Sunwin Stevia is able to deliver stevia products containing Rebaudioside A in a range of 50% to 99% with a format of powder, granular, or tablet. Ms. Dongdong Lin, CEO of Sunwin Stevia stated, "We believe Sunwin Stevia becomes the largest manufacturer of high-grade stevia in the world. We expect the total demand for stevia extract will reach a new level in 2016 and beyond. Our state of the art manufacturing facilities lay a solid foundation to grow our stevia business. Our total manufacturing capacity will allow us to grow our annual revenues over $60 million. We will actively market our stevia products in Europe, Asia, South America, and North America to become a dominant global high-grade stevia supplier for years to come."
In other sweetener & consumer goods performance, news and happenings: Archer Daniels Midland Company (ADM) announced today that it has acquired tree nut and seed processing assets and operations in Modesto, California, from California Gold Almonds, adding critical processing capacity on top of ADM's existing West Coast nut operations in Lodi and Stockton. Under the terms of the deal, ADM is acquiring the lease to the brand-new Modesto processing plant, and taking ownership of assets-including processing equipment-at the facility.
DuPont Nutrition & Health (NYSE: DD), partners with other companies in the food and beverage industry meet the growing demand for products with a low or zero sugar content - without compromising on taste. DD closed down slightly on Tuesday at $71.27 per share on higher than normal trading volume of over 11.7Million shares traded by the market close.
Diet Pepsi is dropping the artificial sweetener aspartame over customer concern. According to the Associated Press, people are worried about the health affects of aspartame - Pepsi is replacing the aspartame in all of its Diet Pepsi products with another artificial sweetener called sucralose - which is often referred to as the brand name Splenda, subsidiary of Johnson & Johnson (NYSE: JNJ). Read the full article at http://www.eater.com/2015/4/24/8494379/diet-pepsi-aspartame-splenda-splenda-sucralose
Stevia First Corp. (OTCQB: STVF), an agricultural biotechnology company based in California's Central Valley growing region and focused on the industrial scale production of stevia, the all-natural zero-calorie sweetener that is rapidly transforming the food and beverage industry, earlier this year announced key technology development and sales collaborations intended to transform sugary beverage consumption in Mexico and Latin America. SF Corp. has initiated the development of technology and outreach efforts aimed at enabling widespread transformation of bottling operations in Mexico by targeting effective methods to shift large scale beverage industry suppliers away from sugar-loaded sodas in the country. These efforts are being led at Stevia First by Fernando Rodriguez Orozco, a senior process engineer that has worked exclusively within the Coca-Cola supply chain in Mexico for 20 years, including the installation of sugar processing facilities that total more than 300 thousand tons of annual production.
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