Market Leader - Soluble Dietary Fibers Market
The key players in the soluble dietary fibers market include Cargill (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), E. I. du Pont de Nemours and Company (U.S.) and Südzucker AG (Germany). Other players include Kerry Group plc (Ireland), Tate & Lyle PLC (U.K.), Frutarom Industries Ltd. (Israel), Royal Cosun U.A. (Netherlands), Nexira (France), Tereos (France), and Roquette Frčres S.A. (France).
Key strategies such as expansions, new product launches, acquisitions, joint ventures, and partnerships were adopted by the prominent players to expand their global presence and increase their share in the market for soluble dietary fibers. The leading players are focusing on strengthening their R&D capabilities to offer a diversified product portfolios for different applications, particularly in the food & beverage, processed food, and confectionery industries.
Innovative new product launches, strategic acquisitions, and organic expansions were the core strengths of the leading players of the soluble dietary fibers market; these strategies were adopted by the players to increase their market presence. They helped the players diversify their businesses geographically, strengthen their distribution networks, and enhance their product portfolios. Market leaders such as Cargill (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), and Südzucker AG (Germany) successfully tapped the potential markets through new product launches, expansions, investments, joint ventures, partnerships, and acquisitions.
Archer Daniels Midland Company (ADM) (U.S.) is a well-established manufacturer of food & beverage ingredients, animal feed & feed ingredients, biofuels, and naturally derived alternatives to industrial chemicals. It is one of the largest processors of agricultural products across the globe. The company has a strong and wide transportation network spanning 265 locations, which has created new opportunities to tap different markets worldwide. The company’s key business segments include oilseed processing, corn processing, agricultural services, and WILD flavors & specialty ingredients. The WILD flavors & specialty ingredients segment is involved in the production, sales, and supply of specialty products, offers soluble dietary fibers. The company’s soluble dietary fibers, Fibersol-2 and Fibersol-2 AG, are offered through a joint venture with Matsutani Chemical Industry Co., Ltd (Japan). The company has been focusing on expansion strategies to support and strengthen its global network. For instance, in November 2015, ADM expanded its food ingredient production in China by setting up a plant in Tianjin, China. The plant was engaged in the manufacture of Fibersol soluble fibers with a production capacity of 15,000 metric tons per year. This expansion helped the company to meet the increased demands for soluble dietary fibers by the Chinese food industry. Also, in August 2014, ADM expanded its operations by setting up its global headquarters in Chicago, enabling it to reach farmers and customers of the global market.
E.I. du Pont de Nemours and Company (DuPont) (U.S.) is one of the leading global companies of science-based products, services, and particularly chemicals. The company serves 13 segments, which include agriculture, automotive, building & construction, electronics, energy, food & beverage, government & public sector, healthcare & medical, marine, mining, packaging & printing, plastics, safety & protection. Danisco A/S (Denmark) is a bio-based subsidiary of DuPont, which offers a wide range of products which include enzymes, probiotics, dietary fibers (soluble and insoluble), betaine, antioxidants, emulsifiers, sweeteners, carrageenan, and meat cultures. The company has its operations in more than 90 countries covering geographical regions such as Africa, Asia-Pacific, Europe, the Middle East, North America, and Latin America with 75 research & development centers and 12 laboratories. The chief subsidiaries of the company include Solae LLC (U.S.), Danisco Inc. (U.S.), and Pioneer Hi-Bred International, Inc. (U.S.). The company continuously focuses on the expansion strategy to meet its customers’ increasing demands. For instance, in March 2015, DuPont Nutrition and Health expanded its R&D facilities by setting up an innovation application center in India. The facility would facilitate the development of nutritionally enhanced and convenient food products in India.
Related Reports:
Soluble Dietary Fibers Market by Source (Fruits & Vegetables, Nuts & Seeds, and Cereals & Grains), Type (Inulin, Polydextrose, Pectin, and Beta-glucan), Application (Functional Foods & Beverages, Pharmaceuticals), and Region - Global Forecast to 2022
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