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Monk Fruit Corp doubles capacity as more US firms add monk fruit to sugar reduction toolkit

2015-06-12 05:31:09| Food - Topix.net

BioVittoria and Guilin GFS Bio-Tech Co have doubled their monk fruit supply and significantly boosted production capacity following a multi-million-dollar investment leading to the formation of a new company - Monk Fruit Corp - boasting an estimated 70% share of the monk fruit ingredients market. Monk Fruit Corp has contracts with growers to produce " at least twice as much fruit as its nearest competitor this year", said the firm, which struck a deal with Tate & Lyle in 2010 to be its exclusive supplier of powdered monk fruit extract, a natural sweetener 150-200 times sweeter than sugar that is gaining traction as manufacturers come under increasing pressure to reduce sugar and keep labels clean.

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