HOME › Research Insight › New Product Launches, Expansions, and Mergers & Acquisitions are the Preferred Growth Strategies in Glucose, Dextrose, and Maltodextrin Market
New Product Launches, Expansions, and Mergers & Acquisitions are the Preferred Growth Strategies in Glucose, Dextrose, and Maltodextrin Market
The glucose, dextrose, and maltodextrin industry has many players (small, medium, and large); however, it is dominated by a few, which include Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Penford Corporation (U.S.), and Tate & Lyle PLC (U.K.) which collectively account for a major part of this market. New product launches, expansions, and mergers & acquisitions are the preferred growth strategies for the key players. The purpose of adopting these strategies is that it results in better market penetration, increases product portfolio, and helps to reach new potential markets. Other players such as Roquette Frères (France), Emsland-Stӓrke GmbH (Germany), Grain Processing Corporation (U.S.), AGRANA Investment Corp (Austria), and AVEBE U.A. (The Netherlands) also have a strong presence in this market.
Archer Daniels Midland Company
Archer Daniels Midland Company (ADM) is primarily engaged in the production of food ingredients, animal feed & feed ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company operates through three segments, namely, oilseeds processing, corn processing, and agricultural services. The company acquired a production plant from Tate & Lyle PLC (U.K.), a producer of glucose and starch, which helped ADM to expand geographically. The company competes with the world’s leading producers of starch and sweeteners such as Ingredion Incorporated (U.S.) and Cargill, Incorporated (U.S.), among others.
It has also expanded through frequent acquisitions of local players in order to secure its position in markets, such as Germany and the U.S. It also intends to increase its productivity and the diversity of its product portfolio by launching new products. In order to achieve this, the company works closely with its customers and also focuses on extensive research to create innovative approaches and better solutions that accelerate growth and increase business efficiencies. For instance, the company opened a new headquarters in April, 2016 for National Foodworks Services LLC (U.S.), a food innovation center in Illinois which is partly funded by ADM itself. This expansion helped the company to address its customer preference efficiently.
Cargill, Incorporated is a key player in the glucose, dextrose, and maltodextrin industry. The company’ business segments include; Food Ingredients, Orientation & Processing, Risk Management & Financial, Industrial, and Agriculture. Its starch derivatives are majorly used in the food & beverages, and personal care/cosmetics industries.
Expansion is one of the key strategies through which Cargill aims to become a key supplier on a global scale. The company also focusses on new innovations to its starch product portfolio through acquisitions. For instance, it acquired Indonesia-based starch derivative PT Sorini Agro Asia Corporindo Tbk (Sorini) and a corn wet mill ethanol plant at Fort Dodge, U.S., from Tate & Lyle PLC (U.K.). These acquisitions have helped Cargill to increase its starch production and bring product innovation in the market. Its competitors are Archer Daniels Midland Company (U.S.) and Ingredion Corporation (U.S.).
Glucose, Dextrose, and Maltodextrin Market by Product (Glucose, Dextrose, and Maltodextrin), Application (Food & Beverages, Pharmaceuticals, Personal Care/Cosmetics, and Paper & Pulp), & by Region - Global Forecast to 2021
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