US – Sensient Technologies has acquired Flavor Solutions, a New Jersey-based provider of flavours and flavour technologies to the food, beverage and nutraceutical markets, in an effort to expand its traditional flavour offering.
Based in Piscataway, Flavor Solutions is a custom product and flavour development company with a rich flavour portfolio that includes SweetTech, MicroFresh, Tenderseal, and Tenderbake.
As part of the deal, Sensient will gain access to Flavour Solution’s savoury reaction flavours, natural shelf-life extender technologies, and sweetness enhancing and salt reduction taste-modulation technology platforms.
Gaining access to these key technologies will be a boost to Sensient as consumer preference for healthier products is driving demand and resulting in healthy growth forecasts.
For instance, MarketsandMarkets projects that the global natural sweeteners market size, estimated to be valued at US$2.8 billion in 2020, will record a CAGR of 6.1% during the forecast period of 2021-2025 to reach US$3.8 billion by 2025.
Taste-modulation technology which Sensient will gain access to in this new deal is also expected to grow at a CAGR of 9.5% to reach US$2.789 billion in 2028, according to recent data from Research and Markets.
The market research firm notes that Taste modulators continue to be in high demand due to their important role in food formulation as they make food products more flavorful.
They are particularly useful in maintaining the taste of non-alcoholic beverages, health and sports drinks, energy drinks, and alcoholic beverages such as beer, whiskey, and wine.
“The acquisition of this business will allow Sensient to expand its flavour portfolio and add key technologies to strengthen its technical solution capabilities,” said Paul Manning, chairman, president and CEO of Sensient Technologies.
“I am excited to welcome the Flavor Solutions team to Sensient and to support the strong customer relationships that the team has built,” he added.
The acquisition continues Sensient’s efforts to create a more focused portfolio of food and pharmaceutical colours, flavours, extracts, and natural ingredients.
As part of this refocus, the company divested assets related to the production of its yogurt fruit preparations product line to Frulact last year.
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