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The transaction, expected to close in the first quarter of 2021, has been unanimously approved by Whole Earth Brands’ and Wholesome’s Boards of Directors.
Ingredion is set to acquire a 75 percent controlling stake in PureCircle, a leading producer of stevia sweeteners for the global food and beverage industries.
The U.S. Food and Drug Administration has issued draft guidance that would allow manufacturers to exclude allulose from total and added sugars declarations on nutrition labels.
The U.S. honey industry had a total economic output of $4.74 billion in 2017, according to a new study from the University of California Agricultural Issues Center.
"Nowadays, consumers want to enjoy food without feeling guilty and without compromising on taste," says Bas Smit, global and EMEA marketing director, Barry Callebaut.
The global confectionery ingredients market is expected to reach $109.48 billion by 2025, according to a report by Albany, N.Y.-based research firm Transparency Market Research.