Market News
Recent Developments:
- In June 2022, Givaudan and Manus Bio worked together to create BioNootkatone, a clean-label, natural, and sustainable citrus flavoring component. Several different dishes and beverages can be made with BioNootkatone. BioNootkatone from Givaudan smells citrusy and woodsy. For BioNootkatone, Manus Bio owns complete production rights, while Givaudan has exclusive global commercialization rights.
- In April 2021, Firmenich, a privately held fragrance and taste company, launched FreshSlice, a special assortment of citrus oils that is made entirely from natural ingredients for future flavors. Unmatched freshness, juiciness, and fruit-like flavor are all provided by FreshSlice at a reasonable price.
- In 2020, Zhejiang NHU Co., Ltd. announced the launch of its new citral plant in Zhejiang, China. The new plant is expected to enhance the company’s production capacity of citral and cater to the increasing demand for natural and organic ingredients in various industries.
- In 2020, Kalpsutra Chemicals Pvt. Ltd. announced the expansion of its citral production capacity in India. The expansion is aimed at meeting the growing demand for citral in the food and beverage industry and strengthening the company’s market position.
Acquisation & Partnership
- In 2021, BASF SE announced the acquisition of Isobionics, a Netherlands-based biotech company that specializes in the production of Natural Flavors and fragrances. The acquisition is aimed at expanding BASF’s portfolio of natural ingredients and meeting the growing demand for natural and sustainable products.
- In 2020, Jiangxi Global Natural Spice Co. Ltd. announced the acquisition of Huade County Running Natural Fragrance Co. Ltd. a China-based company that specializes in the production of natural fragrance ingredients. The acquisition is aimed at expanding Jiangxi global natural spice’s product portfolio and strengthening its market presence.
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