The key players in the health ingredients market include BASF SE (Germany), Cargill (U.S.), Archer Daniels Midland Company (U.S.), Naturex Group (France), Samyang Genex Corporation (South Korea), Lonza Group Ltd., Puratos N.V. (Belgium), Amano Enzyme Inc. (Japan), and Biocatalysts Ltd.
Innovative new product launches, strategic acquisitions, and expansions were the core strengths of the leading players in the health ingredients market; these strategies were adopted by the players to increase their market presence. They also helped the players diversify their businesses geographically, strengthen distribution networks, and enhance their product portfolios. Market leaders such as BASF SE (Germany), Cargill (U.S.), Archer Daniels Midland Company (U.S.) successfully tapped the potential markets through new product launches, expansions, investments, and acquisitions.
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 functions through three segments, namely, oilseeds processing, corn processing, and agricultural services. ADM has processing and manufacturing facilities across the U.S. and worldwide. Health ingredients such as Omega-3, proteins, minerals, and vitamins fall under its food & feed ingredients category. ADM’s network spans more than 140 countries. Globally, the company operates through 272 processing plants and more than 470 crop procurement facilities. The company adopted expansion as its business strategy to secure its position in developed countries in North America and Europe. For instance, in February 2015, ADM announced the acquisition of California Gold Almonds (U.S.). This acquisition helped the company to meet the growing consumer demand. Moreover, it improved the volume and efficiency of export operations.
Associated British Foods (ABF) was previously known as Food Investments Ltd. and changed its name in 1982. The company is engaged in retailing and the processing and manufacture of food and ingredients. It operates through five business segments that include sugar, agriculture, retail, grocery, and ingredients. The organization operates through its numerous subsidiaries such as AB Agri (U.K.), AB Mauri (U.K.), ABF Ingredients (U.K.), ABITEC Corporation, and Ohly (Germany). The company majorly focuses on merger & acquisition; for instance, in October 2013, AB Mauri (U.K.), a subsidiary of ABF, acquired Gb Plange (Germany) from BI Bakery Ingredients Holding GmbH (Germany), a wholly owned subsidiary of Wilh. Werhahn KG (Germany). This acquisition helped AB Mauri to tap the European bakery market.
Health Ingredients Market by Type (Vitamins, Minerals, Prebiotics, Nutritional Lipids, Functional Carbohydrates ,Plant and fruit extracts, Enzymes, Probiotic Starter Cultures, Proteins), Application , Source ,and Region - Global forecast to 2022
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