Ingredion finances mixed; plant protein a focus

Plant-based ingredient giant is toughing out dropping sales, a challenging 2024.

Ingredion Inc.’s financial results through September were mixed with a lower top line but improvement in its net income for the period.

Westchester, Ill.-based Ingredion, which makes a variety of plant-based proteins for meat analogues and other food and beverage categories, saw net sales drop 8%, to $1.9 billion in the third quarter of 2024 compared with the year earlier.…