LONDON--(BUSINESS WIRE)--The Financial Times today named BioNeutra Global Corporation, the Canadian manufacturer of healthy sugar alternative VitaFiber, as one of the 500 fastest growing companies in the 20 countries composing the Americas. BioNeutra joins Tesla, Uber, Netflix and Paypal in the newspaper’s inaugural ranking of growth companies listed in a special edition in today’s paper.
The coveted ranking of growth companies is based on their compounded annual revenue growth (CAGR) over a three-year period from 2015 to 2018 and are described by the Times as “…growing at hyper speed - especially when the coronavirus pandemic has just thrown economies across the globe into unprecedented turmoil…” BioNeutra posted a 135% three-year growth rate and was 364th on the list. It is one of only 36 companies of the “500” that are listed on stock exchanges.
“We are very honoured to be included in the rankings with four business giants. It’s a tribute to our dedicated and talented employees. I’m also grateful to our loyal customers world-wide who helped make this growth possible,” says BioNeutra founder, President and CEO, Dr. Jianhua Zhu.
BioNeutra is a Canadian awards leader which, for the past four consecutive years, has been included in the list of Canada’s top 1,000 publicly traded companies created by Canada’s influential business newspaper, the Globe and Mail. The country’s top business magazine, Canadian Business and Macleans have also ranked BioNeutra as one of the fastest growing companies in Canada for the past two years.
The Company is the recipient of nearly 40 awards, honours and recognitions and is a nominee for seven awards for 2020 and is a finalist for two of them including one in Europe.
The Financial Times was joined by data research company, Statista, in compiling these rankings.
BioNeutra is an award-winning, sector-leading Canadian company in the business of research and development, production and commercialization of ingredients for nutraceutical, functional and mainstream foods and beverages with a focus on its lead product - VitaFiber™IMO.
VitaFiber™IMO is made using a patented process that naturally transforms starch molecules from agricultural cereal crops such as wheat, barley, pea or tapioca into healthy, functional molecules. The VitaFiber manufacturing process is based upon a natural enzymatic conversion of the molecules without any chemical modification involved making VitaFiber™IMO, a natural food and beverage ingredient. VitaFiber™IMO is also non-GMO, vegan friendly, gluten-free, Kosher and Halal certified and available as certified organic.
VitaFiber™IMO has been approved for sale by the world’s top three health regulatory bodies - the US Food & Drug Administration (generally regarded as safe GRAS); the European Food Safety Authority and Health Canada (approved as a novel food ingredient). VitaFiber™IMO is a naturally sweet, low calorie alternative to sugar and is a natural source of dietary fibre and prebiotic for human digestive health. It is also helpful with weight management.
The Company’s customers include a mix of 200 small and medium businesses as well as a number of high-profile food and beverage manufacturers on four continents.