- In March 2022, Sunar Mısır expanded its polyol portfolio by introducing Sunsorb Sorbitol Powder, following a significant investment in a high-tech production facility in Turkey. This strategic move is expected to enhance the company's market presence by offering a more advanced and efficient sorbitol solution, catering to the increasing demand for sugar alternatives in the food, beverage, and pharmaceutical industries
- In July 2021, Archer Daniels Midland Company, a global leader in nutrition and agricultural origination and processing, announced the completion of its acquisition of Sojaprotein, a leading European provider of non-GMO soy ingredients based in Chicago. This acquisition strengthens ADM's position in the European market and expands its portfolio of plant-based protein offerings, catering to the growing demand for non-GMO ingredients in food and beverage applications
- In December 2021, Cargill, a US-based food processor, announced its plan to acquire the bio-industrial business of Croda, a British specialty chemical maker, for approximately USD 1 billion. This move is part of Cargill's strategy to strengthen its push into biobased chemicals, particularly in Europe, Asia, and the Netherlands, positioning itself to meet the increasing demand for sustainable and eco-friendly ingredients in various industrial applications
- In September 2021, Ingredion signed a strategic distribution agreement with Batory Foods. Under this agreement, Ingredion's distributor will establish a presence in Southern California to help food and beverage manufacturers access the ingredients they need to produce and market their products. This partnership enhances Ingredion's reach and capabilities in serving the growing demand for clean-label and health-oriented food and beverage ingredients in the region
