Low sugar foods and dairy alternatives to boom: Swiss firm
3 years, 5 months ago

Low sugar foods and dairy alternatives to boom: Swiss firm

Live Mint  

Health foods will become a dominant nutrition trend in the post-Covid era, the boss of the Swiss group Firmenich, one of the world's major flavour and perfume manufacturers, said. "We will invest disproportionately behind these two key trends," said Ghostine, without revealing any numbers. The company has two major divisions: flavours, supplying ingredients to the food industry, from small firms to giants such as Unilever, Nestle, Mondelez or Kellogg's; and fragrances, manufacturing scents for hygiene products and perfume brands. Its Swiss rival Givaudan, which generated a turnover of 6.3 billion Swiss francs, increased the number of small acquisitions but also carried out a major transaction in 2018 by acquiring France's Naturex.

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