Financial Results and Outlook
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Plant-Based Ingredients Market
Competitive Landscape
Highly fragmented
Essential to food value.
chain
#
Globally, 73% of market is spread
across companies with less than
3% share
•
Multiple strategies for
growth
•
R&D as differentiator with
continued brand
proliferation
Sources: USDA Economic Research Service, using data
from U.S. Census Bureau, 2016 Annual Survey of
Manufacturers and County Business Patterns
In U.S. there are over 30K total
food processing facilities
owned by 26K companies.
Fruit & vegetable are -10% of total U.S.
food processing, implying thousands of
facilities and competitors
Growth is driven by a combination of new
product development, expanding capabilities,
geographic expansion and M&A
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