Stevia supplier GLG Life Tech has announced that it is looking to develop agricultural and extraction facilities for stevia in India, as well as market its stevia extracts in the nation.
GLG Life Tech has said it has signed a memorandum of understanding with India-based Global AgriSystem Private Limited, a Katra Group company, to pursue the commercialization of stevia sweeteners in India. The process would include a push to develop the market for stevia-derived sweeteners in India and agricultural development of growing regions for stevia plants. The companies said they are also considering constructing joint extraction facilities in India as demand builds.
Stevia-derived sweeteners have boomed in popularity since December 2008, when the US Food and Drug Administration said the stevia-derived sweetener Reb A was generally recognized as safe (GRAS) for use in foods and beverages. The United States is currently the largest market for the zero-calorie sweetener, but GLG Life Tech has said that India – with its population of 1.14bn, growing rates of obesity and the world’s highest number of diabetics – offers “an untapped market” and a significant opportunity for stevia suppliers.
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