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Market Leaders - Bulk Food Ingredients Market
Key players identified in the bulk food ingredients market include E.I. du Pont de Nemours and Company (U.S.), Archer Daniels Midland Company (U.S.), Tate & Lyle PLC (U.K.), Olam International (Singapore), and Cargill Incorporated (U.S.). Other players, which include Ingredion Incorporated (U.S.), Associated British Foods plc (U.K.), EHL Ingredients (U.K.), DMH Ingredients (U.S.), and Community Foods Limited (U.K.) also have a strong presence in the global bulk food ingredients market.
The key market players have adopted strategies such as investments acquisitions, new product developments, expansions, joint ventures, partnerships, and agreements to meet the changing food demand. The leading players are aiming on strengthening their R&D capabilities by investing in innovative technologies to offer differentiated product portfolios for different applications, particularly in the ready meals, snack food, and infant formula industries.
Tate & Lyle PLC (U.K.) is a prominent player in the bulk food ingredients market. The company strongly focuses on its R&D functions to increase its revenues. The Tate & Lyle group comprises top-ranking companies in the food & beverage industry as clients. Through this, the company is strengthening its leadership position in the market and expanding its manufacturing facilities in existing and developing markets. The company has also engaged itself in organic growth strategies such as investments and new product developments. For instance, in March 2015, the company invested a sum of USD 65 million to increase the production of KRYSTAR Crystalline Fructose sweetener to cater to the rising demand in the Americas and Asia. Furthermore, it is also engaged in inorganic growth which includes expansions and joint ventures. However, the company should focus more on its SPLENDA sucrose business segment due to rising market competition.
Olam International (Singapore) is one of the leaders in the global bulk food ingredients market. It provides spices and ingredients that have characterized formulations, are made from high-quality raw material, and are easy to use. Its diversified product portfolio reduces its market risks to a great extent. Its dedicated R&D teams continuously introduce new products to obtain a major market share and to increase the company’s revenues. The company is expanding its global network by a series of acquisitions in the Middle East and Asia-Pacific to exploit its growth potential in these regions. For instance, in October 2015, Olam International (Singapore) acquired the cocoa business of Archer Daniels Midland Company (U.S.). This acquisition has made Olam a fully integrated cocoa bean and its products’ supplier.
Bulk Food Ingredients Market Primary Processed by Type, Secondary Processed by Type, by Application (Food (Bakery, Confectionery, Snacks & Spreads, Ready Meals), & Beverages (Alcoholic & Non-Alcoholic)), and by Region - Global Trends and Forecast to 2021
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