USA – Global manufacturer and marketer of colors and flavors Sensient Technologies has expanded its flavor portfolio with the launch of Boundless, a line of chili-based extracts.
According to Sensient, the new line covers a range of chili profiles, from the typical pepper taste and aroma to more subtle smoky, salty and sweet notes,
“Boundless chili extracts offer extended shelf life with consistent heat, color and taste,” Sensient said.
“Consumers overwhelmingly prefer a medium pepper experience, and these extracts are designed to bring just enough heat to make their presence known without overwhelming other flavors,” said Kevin Barasa, extracts global product manager at Sensient.
Varieties include ancho chile, featuring hints of coffee, anise, dried plum and raisin with an undertone of wood, and chipotle chile, featuring dried red jalapeños with tobacco and chocolate undertones.
A habanero chili variety offers a sweet and floral flavor with hints of apricot, pear and apple.
A red jalapeño variety features sweet and warm flavor notes, while a green jalapeño variety couples a crisp vegetable flavor with typical jalapeño heat.
The chili extracts may be used in a range of applications, including baked foods, alcoholic and non-alcoholic beverages, dairy products, and more, according to the company.
Q4 earnings impacted by divesture of fragrance product line
Meanwhile, Sensient Technologies Corporation has reported consolidated revenue of US$340.4 million in this year’s fourth quarter compared to US$334.7 million in last year’s fourth quarter.
Reported operating income in the fourth quarter stood at US$40.4 million compared to US$34.8 million in the fourth quarter of 2020.
Although impressive, the results were impacted by divestiture & other related costs, operational improvement plan costs, and a one-time COVID-19 employee payment, which in total decreased net earnings by $3.2 million ($0.07 per diluted share).
The Flavors & Extracts business was most impacted by the divesture, reporting a 6.1% decline in revenue to US$177.4 million compared to US$189.1 million reported in the comparable period last year.
Moving into 2022, Sensient expects 2022 full year GAAP diluted earnings per share to grow at a mid-teen growth rate compared to the Company’s 2021 reported GAAP diluted earnings per share of $2.81.
Liked this article? Subscribe to Food Business Africa News, our regular email newsletters with the latest news insights from Africa and the World’s food and agro industry. SUBSCRIBE HERE