Ingredion Inc
INGR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$969.00 | Mdnpdrf | Pkkdrwmmh |
Specialty Ingredients Position Ingredion for Steady Long-Term Profit Growth
Business Strategy and Outlook
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.