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The worldwide demand for healthy sugar is rising, and we estimate that the demand for stevioside is increasing at a rate of 15% to 20% annually. According to the China Stevioside Sugar Association, in 2002, worldwide demand for stevioside exceeded 1,200 tons and China supplied more than 1,000 tons, accounting for 80% of worldwide consumption of stevioside. Sunwin presently has manufacturing capacity for more than 300 metric tons of Stevia in multiple grades to meet specific market and product needs.
The company continues to vertically integrate its operations. Sunwin is expanding its US presence as market interest in Stevia products increases through greater awareness of health issues and increasing demand for natural products. The recent approval by FDA for Stevia will open additional market opportunities.
Success in these efforts will grow company revenue, and diligent attention to cost of goods and raw materials will preserve and enhance profitability and cash generation to invest in future efforts.
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