The key players in the industrial sugar market include Cargill Incorporation (U.S.), Archer Daniels Midland (U.S.), Raizen SA (Brazil), Sudzucker AG (Germany), and Tereos (France), collectively accounting for a significant share in the industrial sugar market.
Acquisitions and expansions were the core strengths of the leading players of the industrial sugar 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 production capacities. Other players such as Nordzucker Group AG (Germany), Tongatt Hulett Sugar South Africa Limited (South Africa), Illovo Sugar (pty) Limited (South Africa), Dangotte Group (Nigeria), and E.I.D Parry (India) also have a strong presence in this market.
Cargill is involved in the manufacture and marketing of food, agricultural, and industrial products around the globe.The key business operation segments include agri-trading and processing; food ingredients and products; meat, poultry & eggs; farmer services; animal feed and nutrition; energy and nutrition; and financial. It offers industrial sugar through its food & beverage ingredients segment. The company has subsidiaries in 70 countries such as Cargill Australia Limited, Cargill Ghana Limited, Cargill Specialty Canola Oils (U.S.), The Mosaic Company (U.S.), Cargill Investments (China) Ltd, and others. It provides services in Africa, Europe, Asia, Latin America, North America, and the Middle East, which shows the presence of Cargill in the global market. Cargill invested in a food innovation center located in Plymouth, Minneapolis to meet consumer demands for food and nutrition. It acquired Archer Daniels Midland-ADM (U.S.) a global chocolate business for USD 440 million, which would help it to grow in other segments. It has also made an investment of USD 48 million to double the production capacity of its Belgian chocolate.
Archer Daniels Midland Company (ADM) is engaged in the production of food ingredients, feed ingredients for livestock, alternative fuels, and naturally derived alternatives to industrial chemicals. The company’s products and services segment includes food sweeteners as sugar, which include different sugar products such as liquid sucrose, invert sugar, and granulated sugar. The company operates its business through several subsidiaries, such as Golden Peanut Company LLC (U.S.), ADM Milling (U.S.), ADM do Brasil Ltd. (Brazil), Wild Flavors, Inc. (U.S.), and ADM Hamburg AG (Germany). The company has opted for acquisition and expansion as it key strategies. The corn processing unit of Archer Daniels Midland-ADM (U.S.) acquired Eaststarch C.V (Netherlands) whose sweetener production facility would give the company a strong foothold and the company planned to expand its grind capacity, sweeteners, & starch capabilities at Turkey and Bulgaria corn facilities to meet the growing customer demand for sugar products.
Related Reports:Industrial Sugar Market by Type (White, Brown & Liquid), Form (Granulated, Powdered & Syrup), Application (Dairy, Bakery, Confectionery, Beverage, Canned & Frozen Foods, Other Food Items & Pharmaceuticals), Source (Cane Sugar, Beet Suger), and Region - Global Forecast to 2022
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