This link has been bookmarked by 1 people . It was first bookmarked on 17 Sep 2008, by Nakul Lele.
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17 Sep 08
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due to rising raw materials costs it wouldn't meet profit forecasts
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Splenda is gaining market share over other tabletop sweeteners. Its sales have grown 126% in the past two years while rival sugar substitutes have declined by 8%, a
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It was used in 1,436 new products worldwide in 2004, up from 573 in 2003 and 35 when research firm Datamonitor started tracking it in 1999.
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NutraSweet, which sells the sugar substitute aspartame, has begun selling a new sweetener called neotame as an ingredient in beverages, sweets, and ready-to-eat meals. "We see the category as such that there's room for a lot of players," says Kevin Bauer, senior vice-president for marketing at NutraSweet.
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the manufacture and application of sucralose, some of its patents will expire in 2006. "In the food-ingredients market, if something is so successful that it goes to large-scale production, over time it tends to commoditize," says Graham Jones, analyst at stockbroker Panmure Gordon. The better than 40% operating margins that Tate & Lyle has been earning on sucralose are "simply unsustainable," he says.
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