Givaudan expands in extracts, eyes the concept of “taste”: In March 2018, it emerged that Givaudan had entered into an agreement to acquire 40.6 percent of the shares of Naturex, the global leader in specialty plant-based natural ingredients. In September, Givaudan completed the acquisition of Naturex, following the implementation of a squeeze-out procedure and the delisting of Naturex shares. The deal valued the French-headquartered supplier at around €1.3 billion (US$1.61 billion), or a roughly 42 percent premium over its market capitalization, before it was announced at the beginning of the year. Leading global flavor house Givaudan, which marked its 250th anniversary in 2018, has evolved far beyond its roots to identify itself around the more holistic concept of “taste” rather than mere “flavor” alone.
2020 has been a year like no other. As we turn the corner into the promise of 2021, FoodIngredientsFirst takes a look back on the top 20 ingredient highlights of the past year. From the early days of COVID-19 impacting supply chains, and companies scrambling to cope, to the evolution of plant-based NPD – 2020 was marked with some significant industry stories....View More
Held in Nuremberg, Germany, Biofach 2020 (February 12 to 15, 2020) attracted numerous manufacturers, traders and industry stakeholders active in the burgeoning space for organic produce. Key themes at the show included novel plant-based food and beverage varieties, “future-proof” organic breeding practices, eco-centric sourcing and emergent hero ingredients.
A bountiful, colorful range of sweets and snacks were presented to thousands of industry professionals at ISM and Prosweets 2020 (Feb 2 to 5) in Cologne, Germany, last week. Key themes included healthy ingredients and naturalness, while diverse flavor combos and ingredient hybrids were also high on the agenda. Meanwhile, the growing significance of brand storytelling was also...View More
Cultured meat, plant-based innovation and alternative proteins were major themes running throughout 2019. Global consumers are increasingly aware of both the health and environmental impacts of the food and beverages they consume. Plant-based innovation has seen an abundance over the year, as industry giants such as Nestlé and Givaudan, alongside smaller start-up...View More