According to Grand View Market Researcha, the global flavors and fragrances market size is anticipated to reach $28.64 billion by 2025. So it comes as no surprise that headlines have been buzzing with news of growth throughout the industry, from freshly opened production plants to budding partnerships to acquisitions, 2022 is looking bright for many players in F&F. Here are some of the latest acquisitions, expansions, partnerships and extended portfolios.
Additions and Acquisitions
To expand product offerings, expertise and market reach, acquisitions bring together companies with years of experience and knowledge across the F&F realm.
ADM has announced that it has completed the acquisition of Comhan, a South African flavor distributor. ADM has worked together with the local business for a number of years, with the formal acquisition now giving new and current customers more direct access to ADM’s portfolio.
Calvin McEvoy, president of Global Beverages, ADM, said, “This acquisition marks a very exciting moment for ADM, as we continue to develop our Nutrition business in key growth markets including Africa. I am confident that this acquisition will open up opportunities for our customers in the region and build on the capabilities of our existing offices in Nigeria and Kenya.”
References:
awww.grandviewresearch.com/press-release/global-flavors-fragrances-market
For the full article, please check out the Perfumer & Flavorist+ April 2022 issue.
