As per their “ Global Beta Glucan Market” report, the market was valued at USD 489 Million in 2022 and expected to grow at CAGR of 7.54% during the forecast period from 2023 - 2030 to reach USD 709 Million by 2030.
Tate & Lyle is a global provider of food and beverage solutions and ingredients, with a focus on helping people make healthier and tastier food and drink choices while supporting communities and caring for the planet. The company's products are used in a wide range of applications, including beverages, dairy products, bakery and snacks, soups, sauces and dressings, confectionery, personal care, animal feed, pharmaceutical, and other industrial
The business Segment of Tate and Lyle includes:
1. Food & Beverage Solutions:
This segment operates in categories such as beverages, dairy, soups, sauces, and dressings. The company provides high-volume food and industrial products primarily for customers in the North American market.
2. Sucralose:
This segment includes sweeteners used in various food categories and beverages. Tate & Lyle is a world leader in ingredient solutions for healthier food and beverages, offering products such as sweeteners, texturants, and fiber enrichments
3. Primary Products Europe:
This segment focuses on the production of starches, corn syrup, dextrose, glucose, and animal feeds. Tate & Lyle plans to reduce the size of this segment over time, mainly through the transition of capacity to specialty ingredients.
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Recent Investments and Announcements of Tate and Lyle.:
Tate and Lyle have made strategic investments aimed at expanding its global reach and fostering innovation. Here are a few noteworthy developments:
1. investment in Slovakia: Tate & Lyle announced a major investment program in its facility in Slovakia to produce dietary fibers. The USD 27 million investment initiative aims to create additional capacity for its leading non-GMO Promitor Soluble Fibers, increasing the company's fiber capacity to cater to worldwide customers.
2. Ice Cream Rebalance™ 500: Tate & Lyle launched Ice Cream Rebalance™ 500, a new ingredient solution set for low-fat, no-sugar-added ice cream products.
3. ESG Corporate Rating: Tate & Lyle earned a Prime ESG Corporate Rating from ISS, placing the company in the top decile of the Food Products industry.
4. Half-year Results: Tate & Lyle announced its half-year results for the 6 months to 30 September 2023, highlighting a robust financial performance despite challenging market conditions.
5. Strategic Repositioning: Tate & Lyle announced its strategic repositioning to focus on specialty food and beverage solutions, with a strong ingredient portfolio and solutions capabilities in sweetening, fortification, and texture.
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“Future Outlook of the Tate and Lyle.”
Tate & Lyle is well-positioned to take advantage of the growing ingredients market for baked goods and is committed to providing healthier and tastier choices when people eat and drink. The company is investing in innovation and growth and is focused on developing ingredient solutions that reduce sugar, calories, and fat, add fiber and protein, and provide texture and stability in categories including beverages, dairy, bakery, snacks, soups, sauces, and dressings. With a strong commitment to sustainability and a purpose of transforming lives through the science of food, Tate & Lyle is set for a bright future ahead. Furthermore, Tate & Lyle has recently acquired Nutriati, a developer and producer of chickpea protein and flour, which presents highly functional ingredients that offer a superior, premium taste and mouthfeel experience. The company also offers a range of sweetening solutions, clean labels, and health benefits, such as DOLCIA PRIMA® Liquid Allulose and PROMITOR® Soluble Fiber, with over two times the digestive tolerance of inulin. Moreover, the new focus of Tate & Lyle is to become a purpose-led, global food and beverage solutions business, serving faster-growing specialty markets. The company plans to leverage growth by eliminating stranded costs and reducing the central cost burden of circa USD 52 million. It also plans to focus investment on its higher margin, higher growth, and specialties business. NewCo will become a leading provider of nutritive sweeteners, industrial starches, acidulants, and other corn-derived products in North and Latin America.
About “Tate and Lyle”
Tate & Lyle is a global provider of food and beverage solutions and ingredients, with a focus on helping people make healthier and tastier food and drink choices while supporting communities and caring for the planet. The company's product portfolio includes sweeteners, texturants, and fiber enrichments, which are used in various industries such as beverages, dairy products, bakery and snacks, soups, sauces, dressings, confectionery, personal care, animal feed, and pharmaceutical. Tate & Lyle operates through three main segments: Food and beverage Solutions, Sucralose, and Primary Products. The company's mission is to transform lives through the science of food, and its values are centered around innovation, technical expertise, and a deep understanding of the food and beverage market. Tate & Lyle works with customers to develop low and no-calorie sweeteners, gut-friendly fibers, texturants for smooth and creamy desserts, and stabilizers for food products. Founded in 1903, Tate & Lyle is headquartered in London, UK, and has a presence in the Americas, Asia Pacific, Europe, the Middle East, and Africa. The company employs over 4,500 people and has a market cap of USD 2.8 billion as of 2023. Tate & Lyle is committed to sustainability and has set ambitious targets for the next 10 years, focusing on the UN Sustainable Development Goals (SDGs).
Conclusion
In conclusion, Tate & Lyle is well-positioned for future growth, with a strong focus on innovation, expansion, and catering to the growing demand for healthier and tastier food and drink products. The company's ambitious plans and strategic investments make it a promising player in the food and beverage industry.
Further, a few other investments in the Global Beta Glucan market are also expected shortly. According to the UnivDatos, the rising general population awareness towards general population will drive the scenario of Beta Glucan.
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