HOME Research Insight Cargill (U.S.) and Archer Daniels Midland Company (U.S.) are the Leading Players in the Distributed Fiber Optic Sensing Market

Cargill (U.S.) and Archer Daniels Midland Company (U.S.) are the Leading Players in the Distributed Fiber Optic Sensing Market

The key players in the modified starch market include Cargill (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Tate & Lyle Plc. (U.K.), and Roquette Frères (U.S.). Other players include Avebe U.A. (Netherlands), Emsland-Starke GmbH (Germany), Grain Processing Corporation (U.S.), Agrana Beteiligungs-AG (Austria), and Global Bio-Chem Technology Group Company Limited (Hong Kong).

Key strategies such as expansions & investments, new product launches, mergers & acquisitions, and joint ventures & collaborations were adopted by the prominent players to expand their global presence and increase their shares in the market for modified starch. The leading players focused on strengthening their R&D capabilities to offer diversified product portfolios for different applications, particularly in the industries such as food & beverages, processed foods, and confectionery.

Innovative new product launches, strategic acquisitions, and organic expansions were the core strengths of the leading players of the modified starch market; these strategies were adopted by the players to increase their market presence. These strategies helped the players diversify their businesses geographically, strengthen distribution networks, and enhance their product portfolios. Market leaders such as Cargill (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Tate & Lyle Plc. (U.K.), and Roquette Frères (U.S.) successfully tapped the potential markets through these strategies.

Cargill is one of the leading manufacturers of food ingredients, agricultural products, risk management, financial, and industrial products and services around the globe. The company offers modified starch through its food & beverage ingredients and industrial category. Cargill operates in 67 countries through its subsidiaries and affiliates. Its geographical network spans across North America, Latin America, Europe, Asia-Pacific, and Africa. Its subsidiaries include The Mosaic Company (U.S.), Natureworks LLC (U.S.) and The Wilbur Chocolate Company (U.S.). The company continuously focuses on the development of new products so as to meet its customers’ specific needs. For instance, in November 2015, Cargill launched C*CreamTex 06329, a modified waxy starch, which offered 50% fat reduction in yoghurt and enhanced mouthfeel and creaminess of the finished product. In July 2015, Cargill launched C*PulpTex 12931, a modified starch providing instant starch solution for tomato-based convenience food applications.

Archer Daniels Midland Company (ADM) is primarily engaged in food processing and commodities trading. It is one of the key players in the agricultural processing and food ingredients providing sectors. The company is involved in trade, transport, storage, and processing of a wide range of grains and commodities such as corn, oilseeds, wheat, and cocoa. Its network spans across more than 140 countries. It operates globally through 272 processing plants and more than 470 crop procurement facilities, where cereal grains and oilseeds are processed into products used in the food, beverage, nutraceutical, industrial, and animal feed markets. The company has been focusing on acquiring companies to support and strengthen its global network. For instance, in June 2016, ADM acquired Casablanca, a Morocco-based corn wet mill that is involved in the production of glucose and native starch. This acquisition helped ADM to cater to a wide base of customers and expand its presence in Morocco. In April 2015, ADM expanded its corn processing facility by acquiring several assets of Eaststarch C.V. (U.S.), ADM’s 50-50 joint venture with Tate & Lyle. Under the terms, ADM took full ownership of corn wet mills in Bulgaria and Turkey, and owned a 50% stake in a wet mill in Hungary.

Related Reports:

Distributed Fiber Optic Sensing Market (DFOS) by Operating Principle (OTDR, OFDR), Fiber Type (Single-Mode, Multimode), Scattering Process (Raman Effect, Rayleigh Effect), Application (Temperature, Acoustic), Vertical, and Region - Global Forecast to 2022

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