In a recent report by Research and Markets, Stevia’s retail market in 2014 was estimated to be US $68.1 billion and is projected to reach US $95.9 billion in the next five years.
Competitors worldwide have been announcing actions to ramp up production, improving product lines and pushing sales.
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One of the top global suppliers of high-quality stevia extracts, Sunwin Stevia International, Inc., reports that it has completed construction of a new manufacturing facility equipped to produce 500 metric tonnes of high-grade stevia yearly as compared to the 1,600 metric tonne capacity right now.
This May, Evolva and Cargill, who are pioneers in production of great tasting, next-generation sweeteners via fermentation, agreed to begin work on a facility already existing at Cargill to produce next-generation stevia sweeteners.
These new ingredients are expected to be in the market in 2016.
