Ingredion Incorporated
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Ingredion Incorporated (INGR). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| North America | $3.66B 61.2% | $4.14B 60.0% · +13.0% | $4.93B 62.1% · +19.3% | $5.19B 63.6% · +5.1% |
| Asia- Pacific | $813.0M 13.6% | $1.00B 14.5% · +22.6% | $1.11B 13.9% · +11.0% | $1.09B 13.3% · -1.6% |
| South America | $919.0M 15.3% | $1.06B 15.3% · +15.0% | $1.12B 14.1% · +6.3% | $1.06B 13.0% · -5.5% |
| EMEA | $593.0M 9.9% | $703.0M 10.2% · +18.5% | $781.0M 9.8% · +11.1% | $821.0M 10.1% · +5.1% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| U.S. Plans | $2.28B 38.1% | $2.51B 36.4% · +9.9% | $2.98B 37.5% · +18.7% | $3.07B 37.6% · +3.1% | $2.87B 38.6% · -6.5% | $2.82B 39.0% · -1.9% |
| Mexico | $984.0M 16.4% | $1.17B 17.0% · +18.9% | $1.44B 18.2% · +23.4% | $1.57B 19.3% · +8.8% | $1.50B 20.2% · -4.3% | $1.39B 19.3% · -7.4% |
| Others | $1.61B 26.9% | $1.28B 18.5% · -20.7% | $1.36B 17.1% · +6.4% | $1.30B 15.9% · -4.5% | $986.0M 13.3% · -24.1% | $982.0M 13.6% · -0.4% |
| Brazil | $447.0M 7.5% | $586.0M 8.5% · +31.1% | $720.0M 9.1% · +22.9% | $669.0M 8.2% · -7.1% | $584.0M 7.9% · -12.7% | $572.0M 7.9% · -2.1% |
| Canada | $393.0M 6.6% | $459.0M 6.7% · +16.8% | $512.0M 6.4% · +11.5% | $548.0M 6.7% · +7.0% | $527.0M 7.1% · -3.8% | $495.0M 6.9% · -6.1% |
| Germany | – | $309.0M 4.5% | $342.0M 4.3% · +10.7% | $413.0M 5.1% · +20.8% | $385.0M 5.2% · -6.8% | $384.0M 5.3% · -0.3% |
| Colombia | – | $260.0M 3.8% | $333.0M 4.2% · +28.1% | $332.0M 4.1% · -0.3% | $310.0M 4.2% · -6.6% | $324.0M 4.5% · +4.5% |
| Thailand | – | – | $257.0M 3.2% | $259.0M 3.2% · +0.8% | $265.0M 3.6% · +2.3% | $255.0M 3.5% · -3.8% |
| Korea | $268.0M 4.5% | $323.0M 4.7% · +20.5% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 12, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.