BOTANICAL EXTRACTS MARKET ANALYSIS

Market News

Key Developments

• In Jan 2019, International Flavors & Fragrances Inc. announced that its Frutarom Division has completed the acquisition of 60% of the share capital of The Mighty co. Ltd. This was done in Thailand with the objective of continuing its growth strategy in Southeast Asia.
• In Nov 2018, FutureCeuticals, Inc. introduced S7, which was added to the sports nutrition line of the branded products. This product is a blend of seven plant based ingredients, which have the capability of boosting the nitric oxide levels within the human body by 230% over the baseline.
• In Aug 2016, Indesso Group made a strategic decision of expanding its extract production facility along with the initiation of the construction of an R&D center at the Cileungsi plant. At this new facility, the company has also added new machinery such as the Multi-stage spray dryer, which is capable of producing the products in granule form that dissolved easily in water.