The Top 10 Food and Drinks Ingredient Companies: Emerging opportunities, growth strategies and innovation in the leading players

Table of Contents

Executive Summary

• Market development
• Kerry
• Tate & Lyle
• DSM
• CSM
• Corn Products International
• Ajinomoto
• Danisco
• Südzucker
• BASF
• Archer Daniels Midland Company
• Conclusions

Chapter 1 Report introduction

• Introduction
• Methodology

Chapter 2 Market development

• Summary
• Introduction
• Weight management
• Functional ingredients and personalized nutrition
• Conclusion

Chapter 3 Kerry Group

• Summary
• Company information
• History
• Recent financial performance
  • Acquisitions and divestments
• Market positioning
  • Bio-Sciences
  • Flavors
  • Other ingredients
• Strategies for growth
• Innovation and NPD
  • The future of Kerry
• SWOT Analysis
  • Strengths
  • Weaknesses
  • Opportunities
  • Threats

Chapter 4 Tate & Lyle

• Summary
• Company information
• History
• Recent performance
  • Acquisitions and divestments
• Market positioning
  • Non-calorific sweeteners
  • Starch
  • Other ingredients and products
  • Geographic market position
• Strategies for growth
  • Strong growth of existing product line
  • Growth from new products
• Innovation and NPD
  • Traditional research areas
  • Emerging research areas
  • The future of Tate & Lyle
• SWOT analysis
  • Strengths
  • Weaknesses
  • Opportunities
  • Threats

Chapter 5 DSM

• Summary
• Company information
• History
• Recent performance
  • Acquisitions and divestments
• Market positioning
  • Vitamins
  • Enzymes
  • Other food ingredients
• Strategies for growth
• Innovation and NPD
  • Nutritional Products
  • The future of DSM
• SWOT analysis
  • Strengths
  • Weaknesses
  • Opportunities
  • Threats

Chapter 6 CSM

• Summary
• Company information
• History
• Recent performance
  • Acquisitions and divestments
• Market positioning
  • CSM Bakery Supplies Europe
  • CSM Bakery Supplies North America
  • PURAC
• Strategies for growth
• Innovation and NPD
  • Healthy food ingredients
  • PURAC
  • The future of CSM
• SWOT analysis
  • Strengths
  • Weaknesses
  • Opportunities
  • Threats

Chapter 7 Corn Products International

• Summary
• Company information
• History
• Recent performance
  • Acquisitions and divestments
• Market positioning
  • North America
  • South America
  • Asia and Africa
• Strategies for growth
• Innovation and NPD
  • The future of Corn Products International
• SWOT analysis
  • Strengths
  • Weaknesses
  • Opportunities
  • Threats

Chapter 8 Ajinomoto

• Summary
• Company information
• History
• Recent performance
  • Acquisitions and divestments
• Market positioning
  • Amino Acids
  • Geographic market position
• Strategies for growth
• Innovation and NPD
  • Health and nutrition
  • The future of Ajinomoto
• SWOT analysis
  • Strengths
  • Weaknesses
  • Opportunities
  • Threats

Chapter 9 Danisco

• Summary
• Company information
• History
• Recent performance
  • Acquisitions and divestments
• Market positioning
  • Bioingredients
  • Texturants and Sweeteners
  • Flavors
• Strategies for growth
• Innovation and NPD
  • Traditional research areas
  • Emerging research areas
  • The future of Danisco
• SWOT analysis
  • Strengths
  • Weaknesses
  • Opportunities
  • Threats

Chapter 10 Südzucker

• Summary
• Company information
• History
• Recent performance
  • Acquisitions and divestments
• Market positioning
  • Functional food and sweeteners
• Strategies for growth
  • Sugar
  • Bioethanol
  • Fruits
• Innovation and NPD
  • The future of Südzucker
• SWOT analysis
  • Strengths
  • Weaknesses
  • Opportunities
  • Threats

Chapter 11 BASF

• Summary
• Company information
• History
• Recent performance
  • Acquisitions and divestments
• Market positioning
  • Vitamins
• Strategies for growth
  • Growth through increased product offerings and new product areas
  • Growth through increased geographical market presence
• Innovation and NPD
  • The future of BASF
• SWOT analysis
  • Strengths
  • Weaknesses
  • Opportunities
  • Threats

Chapter 12 Archer Daniels Midland Company

• Summary
• Company information
• History
• Recent performance
  • Acquisitions and divestments
• Market positioning
  • Acidulants
  • Baking aids and mixes
  • Cocoa and chocolate
  • Emulsifiers, texturants and stabilizers
  • Nutritional ingredients
  • Oils and fats
  • Protein products
  • Sweeteners
• Strategies for growth
• Innovation and NPD
  • The future of ADM
• SWOT analysis
  • Strengths
  • Weaknesses
  • Opportunities
  • Threats

Chapter 13 Companies ranked 11 to 20

• Cargill
  • Company information
  • Recent financial performance
  • Market positioning and NPD
• Royal Cosun Group
  • Cooperative information
  • Recent financial performance
  • Market positioning and NPD
• Givaudan
  • Company information
  • Recent financial performance
  • Market positioning and NPD
• Associated British Foods
  • Company information
  • Recent financial performance
  • Market positioning and NPD
• McCormick & Company
  • Company information
  • Recent financial performance
  • Market positioning and NPD
• Arla Foods
  • Company information
  • Recent financial performance
  • Market positioning and NPD
• International Flavors & Fragrances Inc.
  • Company information
  • Recent financial performance
  • Market positioning and NPD
• DuPont
  • Company information
  • Recent financial performance
  • Market positioning and NPD
• Imperial Chemical Industries
  • Company information
  • Recent financial performance
  • Market positioning and NPD
• AarhusKarlshamn AB
  • Company information
  • Recent financial performance
  • Market positioning and NPD

Chapter 14 Conclusions

• Summary
• Introduction
• Increased R&D spending
• Diversification through ethanol, biodegradable plastics and biotechnology
• Asia as an emerging market and manufacturing location
• Mergers and acquisitions
• Relative strengths and weaknesses
• Outlook
• Index

List of Figures

• Figure 2.1: Increased media coverage on obesity
• Figure 2.2: POSI Food
• Figure 3.3: Kerry financial performance, €bn, 2002-05
• Figure 3.4: Ultranor HT10 used as an ingredient
• Figure 3.5: Kerry SWOT analysis
• Figure 4.6: Tate & Lyle financial performance, £bn, 2003-06
• Figure 4.7: Tate & Lyle starch market shares, Europe and North America, 2006
• Figure 4.8: Tate & Lyle R&D spend, 2005-06
• Figure 4.9: Bio-PDO addressable market, $bn, 2006
• Figure 4.10: Bio-PDO existing applications
• Figure 4.11: Bio-PDO potential markets
• Figure 4.12: Tate & Lyle SWOT analysis
• Figure 5.13: DSM financial performance, €bn, 2002-2005
• Figure 5.14: Focus on innovation in Vision 2010 program
• Figure 5.15: Target of €1bn in sales from innovation by 2010
• Figure 5.16: Product lifecycle for nutritional products
• Figure 5.17: Fabuless
• Figure 5.18: New business development in Nutritional Products
• Figure 5.19: DSM SWOT analysis
• Figure 6.20: CSM financial performance, €bn, 2002-2005
• Figure 6.21: Dietor
• Figure 6.22: CSM SWOT analysis
• Figure 7.23: Corn Products International financial performance, $bn, 2002-2005
• Figure 7.24: Mission and Pathways
• Figure 7.25: Mission and Pathways, by sector
• Figure 7.26: Expansion Focus - Asia and Africa
• Figure 7.27: Expandex
• Figure 7.28: Corn Products International SWOT analysis
• Figure 8.29: Ajinomoto financial performance, JPYbn, 2003-2006
• Figure 8.30: R&D expenditures by business segment, (¥ bn), 2005-06
• Figure 8.31: Number of patents held (2001-2005)
• Figure 8.32: Glyna
• Figure 8.33: CH-19 Sweet chili pepper
• Figure 8.34: CAL VITAL
• Figure 8.35: Ajinomoto SWOT analysis
• Figure 9.36: Danisco financial performance, DKKbn, 2003-2006
• Figure 9.37: Patent portfolio, 2002-2005
• Figure 9.38: Hot Cook Conventional Process
• Figure 9.39: No-Cook Process
• Figure 9.40: Danisco SWOT analysis
• Figure 10.41: Südzucker financial performance, €m, 2003-2006
• Figure 10.42: Südzucker SWOT analysis
• Figure 11.43: BASF financial performance, €bn, 2002-2005
• Figure 11.44: 2006-08 R&D spend on key growth areas, €m
• Figure 11.45: Global and Asian non-pharma chemical demand, 2004-2015
• Figure 11.46: BASF innovation spend, 2005
• Figure 11.47: Personalized nutrition- levels of complexity
• Figure 11.48: BASF SWOT analysis
• Figure 12.49: ADM financial performance, $bn, 2003-2006
• Figure 12.50: Growth potential in bioenergy
• Figure 12.51: Growth opportunities arising from better diets
• Figure 12.52: NovaLipid
• Figure 12.53: ADM SWOT analysis
• Figure 14.54: US ethanol demand, 2002-05
• Figure 14.55: Analysis of the leading food and drinks ingredients companies
• Figure 14.56: Analysis of the leading food and drinks ingredients companies

List of Tables

• Table 1.1: Top 10 rankings according to ingredients revenue, ($m), 2006
• Table 3.2: Kerry financial performance, €m, 2002-05
• Table 3.3: Kerry business segment revenues, €m, 2003-2005
• Table 3.4: Kerry geographical revenues, €m, 2002-05
• Table 4.5: Tate & Lyle financial performance, £m, 2003-06
• Table 4.6: Tate & Lyle business segment revenues, £m, 2005-06
• Table 4.7: Tate & Lyle geographical revenues, £m, 2003-06
• Table 5.8: DSM financial performance, €m, 2002-2005
• Table 5.9: DSM business segment revenues, €m, 2002-2005
• Table 5.10: DSM geographical revenues, %, 2002-2005
• Table 6.11: CSM financial performance, €m, 2002-2005
• Table 6.12: CSM business segment revenues, €m, 2002-2005
• Table 6.13: CSM geographical revenues, €m, 2002-2005
• Table 6.14: CSM R&D expenditures by business segment, €m, 2004-2005
• Table 7.15: Corn Products International financial performance, $m, 2002-2005
• Table 7.16: Corn Products International business segment revenues, %, 2003-2005
• Table 7.17: Corn Products International geographical revenues, $m, 2002-2005
• Table 8.18: Ajinomoto financial performance, JPYm, 2003-2006
• Table 8.19: Ajinomoto business segment revenues, JPYm, 2003-2006
• Table 8.20: Ajinomoto geographical revenues, JPYm, 2003-2006
• Table 8.21: Ajinomoto ingredients (Amino Acids) geographical revenues, JPYm, 2005-2006
• Table 9.22: Danisco financial performance, DKKm, 2003-2006
• Table 9.23: Danisco business segment revenues, DKKm, 2003-2006
• Table 9.24: Danisco geographical revenues, DKKm, 2003-2006
• Table 9.25: Danisco ingredients business geographical revenues, %, 2005-06
• Table 9.26: Danisco ingredients business financial goals
• Table 10.27: Südzucker financial performance, €m, 2003-2006
• Table 10.28: Südzucker business segment revenues, €m, 2003-2006
• Table 10.29: Südzucker geographical revenues, €m, 2003-2006
• Table 11.30: BASF financial performance, €m, 2002-2005
• Table 11.31: BASF business segment revenues, €m, 2002-2005
• Table 11.32: BASF geographical revenues, €m, 2002-2005
• Table 12.33: ADM financial performance, $m, 2003-2006
• Table 12.34: ADM business segment revenues, $m, 2003-2006
• Table 12.35: ADM geographical revenues, $m, 2003-2006
• Table 14.36: Companies ranked by total R&D expenditure, $m, 2005
• Table 14.37: Companies ranked by total R&D expenditure as a percentage of total revenue, %,