CORRECTED-UK sugary drink tax could be sweet for food ingredient suppliers
(Removes incorrect reference to sugar in paragraph 10)
* Two-year delay seen as chance to amend recipes
* PureCircle, Tate & Lyle, Kerry Group likely beneficiaries
* Soft drink makers already open to changing formulas
By Martinne Geller
LONDON, March 18 (Reuters) - The British government's planned levy on sugary soft drinks means more business for suppliers of specialty ingredients that boost sweetness without adding calories and can mask aftertastes or add texture.
The surprise levy announced on Wednesday would go into effect in two years. That gives manufacturers including Coca-Cola or PepsiCo and their UK partners such as Coca-Cola Enterprises or Britvic time to roll out more low-calorie drinks.
Beneficiaries could include PureCircle, which sells the natural low-calorie sweetener stevia, Tate & Lyle, which sells sweeteners such as sucralose, and Kerry Group , which sells natural flavours and colouring agents.
Such companies are profiting from growing demand for lower-calorie foods and are free of competition from independent start-ups or own-brand players, since they often supply all major manufacturers. Continuación...