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GLG LIFE TECH CORP.

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GLG LIFE TECH CORP. - Food & Beverages showcase

Year Founded & Workforce

1999

89 Employees

Industry

Food & Beverages

Services

Global Sugar Reducing Ingredients MarketSteviaOrganipureBlendsureRebpure
G

GLG LIFE TECH CORP. Employee Contacts

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GLG LIFE TECH CORP. Overview

Company Headquarters: Richmond, Canada

Founded: 1999

Workforce: ~89

Company Working: GLG LIFE TECH CORP. is a vertically integrated manufacturer of functional ingredients and zero-calorie natural sweeteners. The company offers natural sweeteners such as monk fruit extract, and high-grade stevia extract. GLG LIFE TECH CORP. conducts R&D, cultivating, production, and refining of these extracts for the supply to the food and beverage sector across the globe. The company markets its products under the brand name of BlendSure, Pure STV, TasteBoost, ClearTaste, AnySweetPLUS, Monk Gold, Monk Sweet, and Rebsweet. The company also conducts plant and seed development, monk fruit, and stevia leaf processing, along with purification processes in China. Apart from Canada, GLG LIFE TECH CORP also has a business presence in the US. and China.

Strategy

GLG Life Tech Corporation is focusing on innovation strategies to improve the qualities of its offerings such as monk fruit, and stevia proprietary plants, purification, and extraction plants. The company is serving its consumers for the past 15 years with a continuous supply of high-quality, and best ingredients for various applications. The company maintains a high level of training certifications, and safety practices and measures in the industry. The company is also focused on developing and marketing unique and different products and formulations involving stevia, monk fruit, and other natural ingredients in the international food and beverage industry sector.

Company Snapshot

$114,020M

Revenue

89

Employees

1999

Founded

Richmond, Canada

Headquarters

SWOT Analysis

Strengths

  • GLG holds multiple patents in agriculture & processing and is the world’s largest processing capacity for stevia and monk fruit natural sweeteners.
  • Food Safety & Quality Assurance (QA) is a top priority for all GLG’s operating subsidiaries

Weaknesses

  • The company performance in recent year has not been at par.
  • The company is heavily reliant on the production and distribution of stevia, monk fruit, and related products. If they do not achieve sufficient market acceptance, it will be difficult for the company to achieve consistent profitability

Opportunities

  • The company is expecting to continue to expand their business to meet the expected growth in demand for stevia, as well as monk fruit.
  • Upgradation of technologies could be one of the opportunities for the organizations.

Threats

  • These competitors may have significantly greater financial, technical and marketing resources, and may have a more established customer base.

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Key Developments

DateApproachDevelopment
February 2018CollaborationGLG Life Tech Corporation has made a strategic collaboration with ADM, to launch its innovative portfolio of stevia extracts, under the brand name Reb M.

Product Offering

  • GLG LIFE TECH CORP.
    • Global Sugar Reducing Ingredients Market
    • Stevia
    • Organipure
    • Blendsure
    • Rebpure
    • Rebsweet
    • Anysweet PLUS
    • Pure STV
    • TasteBoost
    • Sugar Reducing Ingredients Market

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales fell from USD 114,020 Mn in 2020 to USD 83,950 Mn in 2022.
GLG LIFE TECH CORP. — By Business Segment
Series (USD Mn)202020212022
Sales114,02086,73483,950

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