Ramping Up for Global Stevia Growth; PureCircle (LSE: PURE.L), Sunwin Stevia International (OTCQB:
SUWN) and Evolva (EVE.SW)
Point Roberts WA, NEW YORK, NY – June 8, 2015 -
Investorideas.com, a global news source covering leading sectors including food
and beverage stocks and LOHAS
(Lifestyles of Health and Sustainability) stocks, reports on recent developments
in the growing stevia market.
Stevia, the natural
sweetener, is on a path to replace sugar, outpacing its competition and showing
that globally, consumers are choosing a healthier alternative.
According to a
recent report by Research and Markets, “Globally, the sweetener market is
estimated to be US$68.1 billion in 2014 and expected to reach at US$95.9
billion by 2020, registering a CAGR of 5.7% during 2014-2020.
The stevia market is
estimated at US$347.0 million in 2014 and expected to reach US$565.2 million by
2020, a CAGR of 8.5%. In terms of volume consumption stevia is expected to
reach 8,506.9 tonnes by the end of 2020, an annual growth of 7-8%.”
Companies competing
in the global stevia market made recent announcements about how they are
ramping up production, improving their product lines and seeing first-hand how
consumers are embracing their products with increasing sales.
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Sunwin Stevia
International, Inc. (OTCQB: SUWN),
one of the top global suppliers of high-quality stevia extracts including
Rebaudioside A 98 and Rebaudioside A99, reported 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 US$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. It has a fully automated system in order to
prevent any potential contamination from operators and/or plastic. In addition,
the new manufacturing facility uses the most advanced production equipment in
the industry, that is, for the first time, to be used for stevia production -
such as ‘scraper with centrifuge’ and ‘fluidized drying system’.
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.
Sunwin Stevia
recently announced that it has received a major purchase order of 40 metric
tons enzyme-treated stevia products valued over US$3.2 million for the calendar
year of 2015 by Wild Flavors, Inc.
Sunwin Stevia also
reported that it has submitted a patent application for its enzyme-treated
stevia products.
In May, EVOLVA HLDG
N (EVE.SW) (ELVAF) and
Cargill said they agreed to begin the engineering phase for converting an
existing Cargill manufacturing facility to produce next-generation stevia
sweeteners (steviol glycosides). The ingredients are expected to be
commercially available in 2016.
Under terms of the
2013 joint development agreement between the two companies, Evolva received an
option to obtain up to a 45% stake in the business to
commercialize the
sweeteners. Evolva has informed Cargill that it intends to exercise this 45%
option, subject to final terms being agreed between the two companies. Total
investment by Cargill and Evolva in the engineering phase will be US$3 million.
Evolva does not expect to incur further costs relating to the option exercise
before the final agreement is in place, which is expected to be in the second
half of 2015. Upon signing the final agreement, Evolva anticipates that it will
need to invest low tens of millions USD through 2017. Evolva is exploring various
financing options in this context.
Evolva CEO Neil
Goldsmith commented, “We have been delighted by our close cooperation with
Cargill over the past two-plus years. The decision to commence engineering work
reflects our mutual desire and commitment to bring great tasting,
cost-effective sweeteners to the market as soon as possible. While there remain
risks which could impact the timing of the final product launch and consumer
uptake, we are confident in our joint progress.”
“Adding new
production capabilities at our Cargill Blair facility fits strategically with
our overall growth plan and is an exciting and necessary step as we prepare for
the commercialization of a next-generation sweetener,” stated David Henstrom, Vice
President for Health Ingredients at Cargill. “This sweetener will offer a new,
delicious choice for reduced and zero-calorie food and beverages.”
PureCircle, (LSE:PURE.L) a
global producer and supplier of high-quality stevia products, was invited to
the 20th International Food Ingredients & Additives Exhibition and
Conference (IFIA 2015), held from May 20th (Wed) – 22nd (Fri),
2015 at Tokyo Big Sight, West Exhibition Hall, Tokyo, Japan to showcase its
latest innovation, Stevia 3.0TM.
During the
conference, PureCircle demonstrated how to achieve the correct stevia
composition and obtain the proper formulations for different products by
adopting the PureCircle Stevia 3.0TM approach. This customizable approach helps
to meet diverse demands for formulation optimization, provides cost savings and
helps achieve greater calorie reduction.
Sigma-D is the
newest product developed by the PureCircle Global R&D Team specifically for
dairy formulations and it performs closer to sugar in taste applications. It
has a clean sweetness profile, with reduced lingering sweetness and licorice
aftertaste. Products using Sigma-D can reach an 80 percent sugar reduction or
go sugar-free.
The Stevia Market:
Global Industry Analysis and Opportunity Assessment 2014 - 2020 also went on to
say, “Stevia market segmentation includes liquid, powder, and leaf extract.
Liquid extracts are further sub-segmented as clear liquid extract and dark
liquid extract. Powder extracts contribution to the overall pie is expected to
be dominant during the forecast period, accounting for 65% of the overall
stevia market share by 2020. However, liquid extracts segment is experiencing a
robust CAGR of 8.7% during the forecast period.
Use in the stevia
market includes dairy food products, bakery products, dietary supplements,
confectionery, table top sweeteners, beverages, packaged food products, snacks,
and others. Among all these segments, packaged food products, beverages and
table top sweeteners are collectively expected to account for around 72.0% of
the global stevia market.“
InvestorIdeas.com newswire is a global investor
news source covering leading sectors including LOHAS (Lifestyles of Health and Sustainability),
food and beverage and agriculture.
Investors following
stevia stocks can see a full list of publicly-traded stevia stocks at: http://www.investorideas.com/LOHAS-investing/
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