Ingredion Investor Relations Material
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Q3 2024
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Ingredient Experts
Ingredion, Inc. is an American company with global operations that specializes in the production and sale of various types of ingredients. The company’s product range includes sweeteners, starches, plant-based protein, and nutritional ingredients, which are used across various sectors such as food, beverage, brewing, and industrial applications. The company is headquartered in Westchester, Illinois, and its shares are listed on the NYSE.
Corn and More
What we today know as Ingredion can trace its roots back to the establishment of the Corn Products Refining Company, formed from a merger of several corn refining companies. Initially, the company focused on producing corn syrup and other corn-derived products. Over the decades, the company expanded its operations and product offerings, including various food ingredients and industrial products.
The early 2000s marked a significant phase of global expansion for the company. It made several strategic acquisitions around the world, including operations in South America, Asia, and Europe. This period was characterized by diversification into a broader array of ingredients beyond corn-based products. The company got its current name in 2012.
Turning Raw Product Into Ingredients
Ingredion Incorporated is a global ingredient solutions company specializing in transforming a diverse array of agricultural products into ingredients for various industries. They process corn, tapioca, potatoes, and grains, among other raw materials, into a range of products used in food, beverage, brewing, and pharmaceutical applications. Their portfolio also includes plant-based stevia, utilized as a sweetener, and various gums, which act as thickeners and stabilizers. Some companies with similar offerings are Bunge Limited, Archer Daniels Midland, and Kerry Group.
The Customers
The company serves a wide range of customers across multiple industries, primarily focusing on food and beverage, brewing, and pharmaceutical sectors. In the food and beverage industry, their ingredients are used in the production of things like snacks, beverages, confectioneries, and dairy alternatives. Brewers utilize its products for fermentation and flavor enhancement, and the pharmaceutical industry uses its products in the formulation of tablets and medicinal syrups.