Look to Ingredion for innovative, cost-effective solutions that address consumer trends in health and wellness, clean labeling and authenticity in dressings, marinades and sauces.

1. Ingredient solutions to
help you grow in
today’s marketplace

2. Copyright © 2015 Ingredion Incorporated.
MARKET INSIGHTS:
Dressings
2

3. Copyright © 2015 Ingredion Incorporated.
Between 2009 and
2014, sales of salad
dressings reached
$2.6 billion
Source: Mintel, Condiments and Dressings – U.S., December 2014
3

4. Copyright © 2015 Ingredion Incorporated.
Category is struggling with growth due
to increasing competition from other
categories, such as:
Source: Mintel, Condiments and Dressings – U.S., December 2014
SPREADSSAUCES DIPS
4

5. Copyright © 2015 Ingredion Incorporated.
accounting 7% inflation, sales are
expected to grow by 4% through 2019
Source: Mintel, Condiments and Dressings – U.S., December 2014
ACCORDING TO MINTEL
5

6. Copyright © 2015 Ingredion Incorporated.
How can we
boost the growth factor?
Expand usage
occasions
beyond salad
Develop more specialty
products with unique and
interesting flavors
Establish fresh
health and
wellness positions
Source: Mintel, Condiments and Dressings – U.S., December 2014
6

7. Copyright © 2015 Ingredion Incorporated.
MARKET INSIGHTS:
Cooking sauces,
marinades and spices
7

8. Copyright © 2015 Ingredion Incorporated.
Source: Mintel, Cooking Sauces, Marinades and Spices – U.S., December 2014
Between 2013 and
2014, cooking sauces,
marinades and spices
grew by 2.7%, reaching
sales of $9.4 billion
8

9. Copyright © 2015 Ingredion Incorporated.
Source: Mintel, Cooking Sauces, Marinades and Spices – U.S., December 2014
According to Mintel,
sales from 2014-2019
are predicted to reach
$10.4 billion
9

10. Copyright © 2015 Ingredion Incorporated.
Decreasing per capita, meat consumption
in the U.S. presents this category with
a challenge…
10
Source: Mintel, Cooking Sauces, Marinades and Spices – U.S., December 2014

11. Copyright © 2015 Ingredion Incorporated.
...and therefore opens opportunities
to introduce products that can be used
with other proteins or vegetables
100
CALORIE snack
11
Source: Mintel, Cooking Sauces, Marinades and Spices – U.S., December 2014

12. Copyright © 2015 Ingredion Incorporated.
Sales are driven by consumers looking
for new and unique flavors with a
preference of cooking at home and
choosing foods that are less processed
12
Source: Mintel, Cooking Sauces, Marinades and Spices – U.S., December 2014

13. Copyright © 2015 Ingredion Incorporated.
How can I take these
consumer trends to
my next innovation?
13

14. Copyright © 2015 Ingredion Incorporated.
Ingredion Idea Labs™
science-based problem
solving offers creative
ingredient solutions
and support to help
you navigate through
today’s market
14

15. Copyright © 2015 Ingredion Incorporated.
• Health & wellness
• Simple, clean
label
• Allergen-free
• Protein
fortification
• Holistic cost
reduction
with focus on
product quality
• Minimally
processed
• High quality
• Stable
• Convenient
• Expanded
usage occasions
• Authentic
• CULINOLOGY®
-
inspired
better
for you
save
money
fresh beyond
15
CULINOLOGY is a registered trademark of Research Chefs Association. Used with permission.

16. Copyright © 2015 Ingredion Incorporated.
of consumers worldwide believe a
product’s ingredient list is very/quite
important when buying a food or
beverage product, more important than
manufacturer or brand, for instance
Source: Ingredion 2013 Proprietary Research 300 Consumers in each of 17 Countries
better
for you Trend drivers
74%
16

17. Copyright © 2015 Ingredion Incorporated.
34% of consumers seek natural
positioning when purchasing dressings
Source: Mintel, Condiments and Dressings – U.S., December 2014
better
for you Trend drivers
17

18. Copyright © 2015 Ingredion Incorporated.
37% say “no additives
or preservatives” persuades
their purchasing decision
Source: Mintel, Condiments and Dressings – U.S., December 2014
Trend driversbetter
for you
18

19. Copyright © 2015 Ingredion Incorporated.
• We offer a range of consumer-friendly native texturizing starches,
functional flours and allergen-free proteins from non-GMO sources
• All ingredients meet consumer labeling preferences and enable a “no
additive” marketing claim
• With NOVATION®
functional native starches and HOMECRAFT®
flours,
you get all the process tolerance, freeze/thaw and shelf stability you
need to provide superior eating experiences
better
for you Our solutions
PRODUCT LINES
NOVATION®
functional native
starches
HOMECRAFT®
functional flours
VITESSENCE™
pulse proteins
HOMECRAFT®
pulse flours
19

20. Copyright © 2015 Ingredion Incorporated.
Process and shelf life
stability
Consumer-preferred
label: starch
Classified as
ingredient, not
additive
Allergen-free, suitable
for gluten-free
formulation
Cook-up and instant
options
Consumer-preferred
label: flour
Gluten-free, grain-free
Hypoallergenic
High protein and fiber
Home-style appearance
Thickens and texturizes
NOVATION®
STARCHES
HOMECRAFT®
FLOURS
HOMECRAFT®
PULSE
FLOURS AND VITESSENCE™
PULSE PROTEINS
better
for you Our toolbox
20

21. Copyright © 2015 Ingredion Incorporated.
save
money
Trend drivers:
formulation approach
• Replacement of high-cost
ingredients by specialty
starches
• Replacement of bulk
ingredients with high-
efficiency performance
ingredients
• Simplifying processes to
increase product throughput
Consumers are increasingly
looking for value, which can
be defined as:
• The amount of money that
something is worth
• Something that can be
bought for a low or fair price
• Usefulness or importance
CONSUMER TRENDS: SMART OPPORTUNITIES
TO SAVE MONEY
21
Source: Mintel GNPD and Mintel Food & Drink The New Value Spectrum webinar

22. Copyright © 2015 Ingredion Incorporated.
DIAL-IN®
Texture
Technology is a
quantitative, data-driven
approach that allows us
to formulate validated
texture solutions to
deliver consumer-winning
taste, texture and eating
experiences while
optimizing your cost
save
money Our solutions
22

23. Copyright © 2015 Ingredion Incorporated.
Remove dairy fats and oils; keep the same product quality and taste
save
money Our solutions
improved cling
enhanced mouthfeel
controlled syneresis
enhanced creaminess
improved lubricity
comparable opacity
your dairy
fat reduction
needs
our process
understanding
our
formulation
experts
your save
money
requirement
your oil
reduction
needs
our process
understanding
our
formulation
experts
your save
money
requirement
PRECISA®
Cream
N-DULGE®
series
PRECISA®
Cling
N-DULGE®
series
23

24. Copyright © 2015 Ingredion Incorporated.
• Experts agree that consumer demand for
less processed, fresher ingredients and more
participation in food preparation is a huge
challenge for the processed food industry1
• Major companies and consumers are finding
ways to produce and obtain craft and artisan
foods in larger quantities2
• Fresh food is perceived to be less processed,
higher quality and healthier
fresh Trend drivers
24
Sources: 1
Phil Lempert; 2
Dunnhumby

25. Copyright © 2015 Ingredion Incorporated.
+
+ =
=NOVATION®
Prima 340* starch
PRECISA®
Sperse 100 starch
Clean label
Process stable
Cold temperature
stable
Instant
Home-style texture
Convenient
Refrigerated, convenient
fresh food products that
maintain the consumer
perception of being high
quality and minimally
processed
Refrigerated products
that have process
and shelf life stability
while maintaining
optimal texture and
the perception of
“freshness” of real
ingredients
* Product commercially available 2016
fresh Our tool box
MAKING FRESH FOODS
FRESHER
• Chef-inspired product
development
• Minimally processed,
“made-from-scratch”
appearance
• Optimal texture and stability
25

26. Copyright © 2015 Ingredion Incorporated.
beyond Trend drivers
• 46% of consumers cook at home at least
3+ times per week, and nearly 4 in 10
respondents self-identify as foodies; this
presents opportunities to offer a wide range
of products that align with foodies’ interest
in unique flavors, textures and cooking styles1
• Shoppers ages 18-44 are more likely to
use salad dressing in nontraditional ways,
which presents opportunities for expansion
beyond use on salads2
Sources: 1
Lightspeed GMI/Intel; 2
Mintel Menu Insights
I’m not at all
a foodie
I’m somewhat interested
in food, but don’t consider
myself a true foodie
47%
I am definitely
a foodie
39%
14%
USE OF SALAD DRESSINGS IN A RANGE OF MENU DISHES
(Q4 2014)
Ranch dressing
Salad Sandwich Meat Wrap Vegetable
Vinaigrette
Caesar dressing Bleu cheese dressing
Italian dressing
26

27. Copyright © 2015 Ingredion Incorporated.
beyond Our capabilities and
turnkey concepts
• Ingredion’s CULINOLOGY®
team excels at
translating food industry trends into appealing
recipes with focus on great taste and texture
• Our team can assist you in generating new
brand extensions to allow you to take your
existing brand beyond its typical use
• Recently, we have been focusing on turnkey
concepts to push the limits of traditional
products; imagine having one product that can
be used on many different cooking occasions:
- Our heat-stable egg-free mayo is an example
of combining science and creativity
CULINOLOGY is a registered trademark of Research Chefs Association. Used with permission.
salad
dressing
BBQ
sauce
meat
marinade
cooking
sauce
EGG-FREE
MAYO
27

28. Copyright © 2015 Ingredion Incorporated.
The INGREDION, INGREDION IDEA LABS, DIAL-IN, HOMECRAFT, N-DULGE, NOVATION, PRECISA and VITESSENCE marks
and logo are trademarks of the Ingredion group of companies. All rights reserved. All contents copyright © 2015.