date:Aug 07, 2012
at about 240m and Kerry Ingredients third, with spend of more than 160m annually.
These statistics fitted the current trend that businesses focused on speciality and technical ingredients such as botanicals, cultures and proteins, tended to spend more than those focused on commodities and bulk ingredients, she said.
For example, ADM, which is most active in the latter market, has a current RD spend of 50m, a marked contrast to DSM, according to Euromonitor.
Economic uncertainty
The ongoing e