ADM, Cargill, Incorporated, Ingredion Incorporated are Dominating the Global Sugar Substitutes Market in 2019

Global Sugar Substitutes Market is expected to grow at a substantial CAGR of 8.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global sugar substitutes market is a strongly growing market, which includes specific number of key players as well as local players. The market has witnessed increase in various strategic developments owing to favourable market scenario.

The major players dealing in global sugar substitutes market are introducing strong range of product portfolio. This helped company to maximize the sales with enhance product portfolio. For instance In October, 2019, ADM Company introduced new products for the global market under sweetening solutions. The new sweetening solutions are introduced for the products such as less-sweet juices. The company is introducing the new products to meet the demand of food industry and their customers, through this the company would strengthen their product portfolio and increase customer base.

ADM is the dominating player in the sugar substitutes market. The other key players existing in the market includes Ingredion Incorporated,  Cargill, Incorporated, BENEO, DuPont, Foodchem International Corporation, JK Sucralose Inc., HYET Sweet, Roquette Frères, zuChem Inc., Mitsui Sugar Co.,Ltd., ADM, Tate & Lyle, Pyure Brands LLC, PureCircle, Ajinomoto Health & Nutrition North America, Inc., Alsiano, StartingLine S.p.A., NutraSweet Co., MAFCO Worldwide LLC, Matsutani Chemical Industry Co., Ltd. among others.

Sugar Substitutes Market

ADM

ADM headquartered in Illinois, U.S. which was founded in 1902. The company performs its business from segments such as Origination, Oilseeds, Carbohydrate Solutions, Nutrition and Other. The company is producer of the nutritional ingredients required for animal and human nutrition. The market focused products are derived from nutrition business segment.  The company is investing huge amount of capital to develop new products for the market. The company includes food & beverage, animal nutrition, industrials, fuel, farmer services, financial services and logistics as products & services categories.

  • In March, 2018, ADM announced the expansion of their business by acquiring the 50 percent of stake in Aston Foods and Food Ingredients Company. The company is expanding their reach for the sales region such as Europe, Middle East & Africa market. Through this company increased their sale as well as customer base for EMEA region.

The company has wide global presence across the globe such as Europe, Middle East & Africa,North America, South-America, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as WILD Flavors, Inc.(U.S.), ADM International Sàrl(Switzerland), ADM Investor Services, Inc.(U.S.), Crosswind Industries, Inc.(U.S.), Golden Peanut and Tree Nuts S.A. (U.S.) among others.

Cargill, Incorporated

Cargill, Incorporated headquartered in Minnesota, U.S. which was founded in 1865. The company performs its business from segments such as animal nutrition & protein, food ingredients & applications, origination & processing, industrial & financial services. The products offered are agriculture, food and nutrition products to consumers for sustainability and safety as well as provides helps for risk management. They are even focused towards developing new products with innovative solution by partnering with other expertise market players. The company has product categories such as agriculture, animal nutrition, beauty, bioindustrial, food & beverage, industrial, foodservice, meat & poultry, transportation, pharmaceutical, risk management and food & beverage falls into market focused category.

For instance,

  • In November, 2019, Cargill, Incorporated. is developing new products which is a new substitute to replace the sugar having similar characteristics like stevia by partnering with Royal DSM. The products will get derived from the various plants and it will offer similar quality like stevia sweetener. Company is strengthening their product portfolio with new product development which also helps them to increase their presence in the market.

The company has wide global presence across the globe such as Asia-Pacific, Europe, Latin America, Middle East & Africa, North America. In addition to it, the company also generates its revenue from the various subsidiary companies such as NatureWorks LLC, (U.S.), FRONTIER AGRICULTURE LTD (U.K.), Cargill Cocoa & Chocolate (U.S.), OPX Biotechnologies, Inc. (U.S.), Alvean (Switzerland) among others.

Ingredion Incorporated

Ingredion Incorporated has headquartered in Illinois, U.S. and it was founded in 1906. The company has a strong product portfolio under products categories such as Food/Beverage and Products. The company offers biomaterial solutions and value-added ingredients for paper and corrugating, food, beverage, brewing and other industries. The company is focused towards the forming new strategic partnerships for business expansion and new products developments.

  • In December, 2019, Ingredion Incorporated extended their distributional partnership by additional of three year with SweeGen. The company formed new three year extended distribution agreement with SweeGen. Through this, company enhanced their support and availability of sugar substitute products for Mexico, Canada, U.S., and Australia market, ultimately it also helped company to increase their sale in North America and Australia market.

The company has wide global presence across the globe such as North America, South America, Europe, Middle East and Africa, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Arrendadora Gefemesa, S.A. de C.V. (Mexico), Bebidas y Algo Mas S.A. de C.V. (Mexico), Bedford Construction Company (U.S.), Brunob II B.V. (Netherlands) and Cali Investment LLC (U.S.) among others.