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Ingredion Inc INGR Stock Quote

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Morningstar‘s Stock Analysis INGR

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Ingredion's Specialty Ingredients Are Positioned for Long-Term Growth Despite Near-Term Volatility

Business Strategy and Outlook

| Seth Goldstein, CFA |

Ingredion manufactures starches and sweeteners by wet milling and processing corn and other starch-based raw materials. The company steeps these raw materials in a water-based solution before separating the ingredients from co-products (animal feed and corn oil). Starches are the largest category, generating around 45% of revenue, followed by sweeteners at roughly 35%, and co-products at 20%. The starches are then further processed into starch and sweetener ingredients used primarily by the food and beverage industries.

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Company Profile INGR

Business Description

Ingredion manufactures ingredients for the food, beverage, paper, and personal-care industries. Sweeteners (syrups, maltodextrins, dextrose, and polyols) account for about 35% of sales, starches (for food and industrial use) around 45%, and co-products the balance. Value-added, specialty ingredients account for roughly one third of sales, with the balance being commodity-grade ingredients. With the majority of sales outside the U.S., Ingredion is a global player with good exposure to developing markets, including Latin America and Asia-Pacific.

5 Westbrook Corporate Center
Westchester, IL, 60154
T +1 708 551-2600
Industry Packaged Foods
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2020
Employees 12,000

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