Despite analyst predictions, the group will keep its traditional sugar business, but it will become a lower priority. Tate & Lyle already produce a wide range of ingredients including starch-based products, stabilisers and ethanol components.

"Our core value added food ingredients delivered a strong result, reflecting steady demand and firmer pricing," Ahmed commented. "We are refocusing on our strategy, with our speciality food ingredients business being the key focus of investment and long-term growth, as well as making a number of important changes to the group's organisation."

Tate & Lyle announced that underlying profits before tax dropped to £229 million - a 7% fall in the year to 31st March, compared to £247 million the previous year. Splenda Sucralose saw sales climb 11% to 187m in 2009, the global market for high-intensity sweeteners flattened.