Avansya venture to help food and beverage produces deliver the products and brands consumers love with significantly reduced calories.
Cargill and Royal DSM announced a new joint venture, Avansya, to produce highly sought-after, sweet-tasting molecules, such as steviol glycosides Reb M and Reb D through fermentation. This means that food and beverage manufacturers will get even more scalable, sustainable and low cost-in-use solution than if these same molecules were extracted from the stevia leaf.
The new venture will combine both companies’ technologies for producing steviol glycoside products made through fermentation and will market its products under one brand name, EverSweet. The establishment of the joint venture is subject to regulatory approvals and other customary closing conditions but expected to be finalised in the first calendar quarter of 2019.
“We are delighted to announce this game-changing joint venture with Cargill,” said DSM Food Specialties President, Patrick Niels. “One of the most significant transformations in global food & beverage markets is the drive to reduce sugar in people’s diets. This partnership will allow us to bring sustainably produced sugar-reduction solutions based on steviol glycosides to market faster and more effectively at a scale to deliver global impact.
“The demand for sugar-reduction solutions is urgent, global, and growing fast,” said Cargill Vice President Food Segment North America, Chris Simons. “While consumers are searching out foods and beverages that help meet their dietary needs or goals, whether for a diabetic diet or simply reducing calories and sugar intake, brand-owners know that great taste can’t be compromised. By partnering with DSM, we can further advance a commercialized Reb M & Reb D product line that offers what consumers desire.”