- In July 2023, Tate & Lyle PLC announced the expansion of its sweetener portfolio, aiming to address consumers’ solubility challenges in food and beverage products. This strategic move seeks to enhance product functionality, ensuring improved taste and texture for manufacturers. By developing innovative solutions, Tate & Lyle aims to meet evolving consumer preferences, ultimately fostering greater satisfaction and loyalty within a competitive market landscape
- In 2023, Ingredion Incorporated revealed plans to invest USD 150 million in expanding its maltitol production facility located in Germany. This significant investment is aimed at enhancing production capabilities to meet increasing demand for maltitol, a popular sugar substitute. By bolstering its manufacturing operations, Ingredion strives to support the growing global trend toward healthier and lower-calorie food and beverage options, thereby positioning itself as a leader in the market
- In January 2023, Cargill reported a robust sales growth of 8% year-over-year, fueled by heightened demand for its food and beverage ingredients. To capitalize on this momentum, the company announced plans to invest USD 100 million in its innovation center in India. This investment aims to develop customized solutions tailored for the local market, enabling Cargill to strengthen its competitive edge and cater effectively to regional consumer needs
- In February 2023, DuPont experienced a 5% increase in sales within its food and beverage sector compared to the prior year. The company’s strategic expansion into emerging markets contributed to a monthly revenue average of USD 1.25 billion in 2023. This growth reflects DuPont’s commitment to investing in new technologies and forming strategic partnerships, allowing it to capture new opportunities and respond to shifting consumer demands on a global scale
- In August 2022, Luker Chocolate, a privately owned Colombian chocolate manufacturer, introduced a new variety of couvertures featuring erythritol and stevia in response to growing customer demand. This innovative product line also includes a maltitol-sweetened variant and allulose for specialized markets. By diversifying its offerings, Luker Chocolate aims to cater to health-conscious consumers seeking delicious alternatives, further solidifying its presence in the competitive chocolate industry
- In 2022, MCLS ASIA CO., LTD. launched Lesys, a crystalline maltitol product designed as a natural sugar substitute. Made from non-GM tapioca, a renewable resource, Lesys boasts a versatile total sugar taste while being lower in calories compared to traditional sugar. This innovative product caters to health-conscious consumers and manufacturers seeking alternatives that do not compromise on taste, positioning MCLS ASIA as a significant player in the natural sweetener market
