Ingredion Inc
INGR: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| B$q | LOCK|!%F#r | LOCK|H!@rP#RD |
Ingredion's Texture & Healthful Solutions Segment Continues to Shine
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 processed into starch and sweetener ingredients, and are primarily used in the food and beverage industries.
