Givaudan, International Flavors & Fragrances Inc., and Sensient Technologies Corporation dominated Asia-Pacific Botanical Extract Market in 2021

The Asia-Pacific Botanical Extract Market is said to grow with a CAGR of 7.5% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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The Asia-Pacific botanical extract market is a highly fragmented market, which includes a number of key players as well as local players. The market has witnessed increased strategic developments owing to a favorable market scenario.

The major players operating in the Asia-Pacific botanical extract market are exploring new collaborations and partnerships in the industry to enhance their product offerings. They are expanding their businesses into new regions through different retail channels.

For instance,

• In September 2022, Givaudan launched New Purple 2364, a vegan pigment for use in make-up formulations. It is made from the extraction by green fractionation from Raphanus Sativus L. This will help the company to increase its product portfolio.
• In March 2020, International Flavors & Fragrances Inc. had a new partnership with Evolva, a Swiss biotech company. This agreement will benefit the company to expand the commercialization of the International Flavors & Fragrances Inc. products and thereby increase sales and revenue.

Givaudan is the dominating player in Asia-Pacific botanical extract market. Some of the other key players existing in the market include Sensient Technologies Corporation, Kerry Group plc, DSM, Ingredion Incorporated, McCormick & Company, Inc., Provital, Martin Bauer Group, Organic Herb Inc, Kalsec Inc., Symrise, Synthite Industries Ltd., International Flavors & Fragrances Inc., Carrubba, Inc, Blue Sky Botanics, DÖHLER GmbH, Bio Botanica, Inc., Bio-gen Extracts Private Limited, Plantnat and Native Extracts Pty Ltd among others.

Givaudan  

Givaudan is headquartered in Geneva, Switzerland. It has public ownership. The company is focused on manufacturing flavors, fragrances, and health & personal care products for customers. The company has business segments such as taste & wellbeing and fragrance & beauty out of which taste & wellbeing is the market focused segment. The company offers a wide range of product categories such as taste & wellbeing and fragrance & beauty out of which taste & wellbeing is the market focused category. The company has a wide global presence across Europe, Middle East and Africa, Asia-Pacific, South America, and North America.

For instance,

• In February 2021, Givaudan introduced Nootropics, a collection of six natural and traceable extracts featuring guarana, ginger, green tea, gotu kola, ginkgo, and green coffee for food supplements and cosmetics. This development helped the company to increase its revenue.

Naturex (France), Soliance, SA (France), Givaudan (Thailand) Ltd. (Thailand), Givaudan UK Limited (UK), and Givaudan (India) Pvt. Ltd. (India) are the subsidiaries of the company.

International Flavors & Fragrances Inc.

International Flavors & Fragrances Inc. was founded in 1833 and is headquartered in Grasse, France. It has public ownership. The company is focused on developing flavors and fragrance which is used in a wide variety of consumer products and packaged goods. The company has business segments such as nourish, health & biosciences, scent, and pharma solutions out of which nourish is the market focused segment. The company offers a wide range of product categories such as taste, flavor compounds, savory solutions, inclusions, nutrition and specialty ingredients, and flavor & specialty ingredients out of which flavor & specialty ingredients is the market focused category. The company has a wide presence across Europe, Middle East and Africa, Asia-Pacific, and Americas.

For instance,

• In October 2016, International Flavors & Fragrances Inc. acquired David Michael & Company, Inc, headquartered in Pennsylvania. This company has expertise in vanilla production which further strengthens the dairy and beverages categories in the portfolio. With the acquisition, IFF has improved its value in flavors and drives the flavor business in North America.

I.F.F. Essencias e Fragrancias Ltda. (Brazil), Sonarome Private Limited (India), P.T. Essence Indonesia (Indonesia), Danisco Canada Inc (Canada), and Danisco Australia Pty Ltd. (Australia) are the subsidiaries of the company.

Sensient Technologies Corporation

Sensient Technologies Corporation was founded in 1882 and is headquartered in Wisconsin, U.S. It has public ownership. The company focuses on providing customized food and beverage systems, pharmaceutical colors and coatings, and cosmetics & personal care formulations. The company has business segments such as flavors & extracts, colors, and Asia-Pacific out of which flavors & extracts is the market focused segment. The company offers a wide range of product categories such as taste modulation, plant-based solutions, sensory enhancers, flavors, flavor enhancers, clean label solutions, bio-nutrients, colors, vegan flavors, and essential oils out of which flavors is the market focused category. The company has a presence in Europe, Middle East and Africa, Asia-Pacific, and Americas.

For instance,

• In March 2016, Sensient Technologies Corporation expanded its technical development and application center for flavors, colors, and fragrances in Singapore. The new facility enabled the local Sensient units and customers to develop product solutions from locally developed initiatives based on Sensient’s global product portfolio.

Flavor Burst Inc. (U.S.), Sensient Colors SA (U.S.), Sensient Natural Extraction Inc. (U.S.), and Sensient Flavors Mexico, S.A. de C.V. (Mexico) among others are the subsidiaries of the company.