North America Sorbitol Market is expected to grow with the CAGR of 6.60% in the forecast period of 2020 to 2028. The years considered for study are as mentioned below.
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North America sorbitol market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in North America sorbitol market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement into the market. This helped companies to maximize the sales with enhanced product portfolio.
For instance-
- In May, 2020, Ingredion has signed a strategic distribution agreement with Batory Foods. The arrangement has been integrated for Ingredion’s distributor’s presence in Southern California for helping food and beverage manufacturers to get the ingredients which they require for producing and bringing their products to the market. Batory Foods in Southern California becomes the authorized licensed distributor of the company’s ingredient solutions. This has helped the company to serve its customers in Southern California and increase its customer’s base.
- Ingredion is the dominating player in global sorbitol market. The other key players existing in the market are are Cargill, Incorporated,
- Ingredion, Roquette Frères , ADM, PT. Ecogreen Oleochemicals,, The Sukhjit Starch & Chemicals Ltd, Tokyo Chemical Industry Co., Ltd., StartingLine S.p.A., Zhucheng Dongxiao Biological Technology Co., Ltd, Alsiano, Foodchem International Corporation
Ingredion
Ingredion is headquartered is in Illinoi, U.S and was founded in 1906. The company is focused providing innovative ingredient solutions which help consumers stay on trend with simple ingredients and gluten free or high fiber food that appeal to today’s consumers. The company offers various products such as animal nutrition, beauty and home, beverage ingredient solutions, food ingredient solutions, industrial & biomaterials, paper & corrugating, sweeteners, polyols. The market focused category is beauty and home, sweeteners, and polyols.
For instance,
- In May, 2020, Ingredion has signed a strategic distribution agreement with Batory Foods. The arrangement has been integrated for Ingredion’s distributor’s presence in Southern California for helping food and beverage manufacturers to get the ingredients which they require for producing and bringing their products to the market. Batory Foods in Southern California becomes the authorized licensed distributor of the company’s ingredient solutions. This has helped the company to serve its customers in Southern California and increase its customer’s base.
ADM
ADM was founded in the year 1902 and is headquartered in Chicago, U.S. Their main focus of the company is on providing food, agriculture, financial and industrial products in safe and sustainable way. The company has many business segments such as industries, innovation, services, out of which, industries is the focused segment. Along with it, various product categories are food & beverage, health & wellness, animal nutrition, industrials, fuel, evolution chemicals, out of which, evolution chemicals is the market focused category.
For instance,
- In January 2020, ADM unveiled a new logo and tagline for their brand “Unlocking Nature, Enriching Life”. This new initiative helped ADM to gain more focus on their brands and products which ultimately helped to gain more consumer base.
Roquette Frères
Roquette Frères was established in 1933 and is headquartered in France. The main focus of the company is to address and future societal challenges by unlocking the potential of nature to offer the best ingredients for food, nutrition and health market. The company deals in various kinds of products such as bio pharma, pharma & nutraceuticals, cosmetics, food & nutrition, industrial markets, plant protein, animal nutrition, among which, all are market focused except for plant protein.
For instance,
- In September 2019, Roquette Frères Foundation for Health launched its first Research Award with a prize value of €25,000. This research award covers the areas such as food, food of the future, nutritional transition and preventive health. This has helped the company’s food and nutrition segment to grow rapidly with innovative approach.
